Carl Cruz had a choice: stay comfortable or seek a new challenge. After three decades building a successful career in the fast-moving consumer goods (FMCG) industry, he chose the latter, venturing into the world of telecommunications. “What 's there to prove?” This was the question his...
Telecommunications giant Globe Telecom Inc. is set to launch the country’s largest data center in the third quarter of the year, as it bolsters its network capacity to accommodate the growing demand from hyperscalers and artificial intelligence (AI). Globe’s data center arm, ST Telemedia Global...
Ayala-led ACEN Corp. has teamed up with Copenhagen Infrastructure Partners (CIP) for a proposed offshore wind (OSW) project off the coast of Camarines Sur that aims to deliver up to one gigawatt (GW) of capacity. In a disclosure to the Philippine Stock Exchange this Thursday, May 29, ACEN said it...
Globe Telecom Inc. is ramping up its efforts to make reliable, high-speed internet accessible to more households by focusing on the expansion of its fiber and 5G technologies. In a statement, Globe President and Chief Executive Officer (CEO) Carlos Cruz said the telecommunications giant is striving...
While other Filipino companies are still starry-eyed doodling project ideas or slow to take off from drawing boards, ACEN Corp is already way ahead, turning blueprints into concrete, thriving green gigawatts – and it’s not just within its shores; it’s taking the frontlines on the global stage...
The Maharlika Investment Corporation (MIC) has expressed interest in acquiring China's stake in the National Grid Corporation of the Philippines (NGCP), following its recent share acquisition in Synergy Grid and Development Philippines Inc. (SGP). In a briefing on Tuesday, Jan. 28, MIC President...
Roberto B. Tan Roberto B. Tan, president and chief executive officer of the Philippine Deposit Insurance Corporation (PDIC), was elected to the Executive Council of the International Association of Deposit Insurers (IADI). Tan was elected during IADI's 23rd Annual General Meeting in Tokyo, Japan....
State-run Social Security System (SSS) has appointed Robert Joseph De Claro as the new Officer-In-Charge (OIC) following the resignation of Rolando Ledesma Macasaet this month. Robert Joseph M. De Claro De Claro was appointed by the Social Security Commission (SSC), the policymaking body of...
State-run Social Security System (SSS) is pushing for social security protection among barangay officials and kagawads nationwide. During a discussion at the Liga ng Mga Barangay National Congress last August, SSS president and chief executive officer Rolando Ledesma Macasaet said he hoped that...
The Social Security System (SSS) grew its net income by 15 percent to P45.2 billion as of end-June, nearly half of its P100-billion bottom-line goal for 2024. The state-run pension fund for private-sector workers recorded a total income of P200.5 billion in the first half, exceeding its total...
State-run Maharlika Investment Corp. (MIC) admitted that it is encountering difficulties in complying with the Governance Commission for government-owned and controlled corporations (GCG). Rafael D. Consing Jr., MIC president and chief executive officer, disclosed that the oversight body for...
The Social Security System (SSS) is diversifying its investment portfolio by ramping up its involvement in real estate investment trusts (REITs) this year. Rolando Ledesma Macasaet, SSS president and chief executive Officer, said they are optimistic about the potential for enhanced returns as...
