Globe Supports DICT Bill Enactment
Globe Telecom, Inc. is pushing for the establishment of the Department of Information and Communications Technology in order to help improve the country’s internet. Globe General Counsel Froilan Castelo has …
Western Union Promoting TFC to Filipinos Overseas
ABS-CBN Corp and Western Union are forming a tie-up to help promote the group’s The Filipino Channel. The channel itself is targeted at overseas Filipino workers as their primary demographic. …
Araneta Allots P50B for Redevelopment Project
Araneta Center is spending P50 billion more for its Cubao property and its continued redevelopment. According to Araneta Senior VP for Operations Antonio T. Mardo, “In the pipeline, we’re looking …
ACR Experiences Oversupply in Mindanao
Mindanao is expected to see an oversupply of power towards the end of the year. New power plants are to start delivering electricity and the oversupply will be around 100 …
GMA Puts Final Touches on Digital Box
GMA Network’s preparations for a shift to Digital Terrestrial Television format is already underway. The company is investing between P1 and 1.5 billion in order to deploy the boxes. “We …
Ipilan Nickel to Develop Part of Palawan Exploration Area
Global Ferronickel Holdings, Inc. revealed that its Palawan-based affiliate Ipilan Nickel Corp. received the green light for its feasibility study. They are cleared to begin operations for part of its …
Phoenix Acquires Samsung Supply Deal Extension
Phoenix Semiconductor Philippines Corp. recently revealed that they managed to sign a brand new supply agreement with South Korea’s Samsung Electronics Co., Ltd. The existing contract is extended for another …
SM Prime Board Approves of P60-B Bond Issue
SM Prime Holdings, Inc. plans on raising around P60 billion through a bond issue. They also expect to raise the amount over the next three years or so. The first …
GT Capital Earns P2.95 Billion in the Year’s First Quarter
GT Capital Holdings, Inc. earned a net profit of P2.95 billion in 2016’s first three months. Its earnings across several businesses, including banking, power generation, and automotive, increased greatly. In …
DMCI Books P3-B Projects in the First Quarter
D.M. Consunji, Inc. managed to bag P2.9 billion worth of projects in 2016’s first quarter. The brand new projects have brought the construction firm’s order book to P30 billion, according …