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Chinese firms eye Philippine broadband plan

MANILA, Philippines – Two Chinese companies have expressed interest to work with the government for a national broadband plan......»»

Category: financeSource: philstar philstarNov 8th, 2016

PEZA says Chinese, Japanese firms interested in mining investments

THE Philippine Economic Zone Authority (PEZA) said it has received expressions of interest from foreign minerals firms, indicating possible new entrants since the disruptions caused by a crackdown on the industry ordered by former Environment and Natural Resources Secretary Regina Paz L. Lopez. PEZA Director-General Charito B. Plaza said the approaches are from “Japanese and […] The post PEZA says Chinese, Japanese firms interested in mining investments appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsJan 1st, 2018

PT& T signs agreement with Chinese company

PHILIPPINE Telegraph and Telephone Corporation (PT&T) is looking to team up with a Chinese company to provide free wireless broadband services in public areas around the country. In a disclosure to the stock exchange, PT&T Senior Vice-President and Chief Information Officer Arturo T. Falco said the company has signed a memorandum of agreement (MoA) with […] The post PT&T signs agreement with Chinese company appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsDec 19th, 2017

PT& T, Chinese firm to explore free Wi-Fi during disasters

MANILA, Philippines – Newly-invigorated Philippine Telegraph & Telephone Corporation (PT&T)  and a Chinese wireless network firm agreed to explore the possibility of offering free wireless broadband services during natural disasters. In a disclosure to the Philippine Stock Exchange (PSE) on Tuesday, December 19, PT&T said it signed a memorandum of agreement with Chengdu Zhongxing ........»»

Category: newsSource:  rapplerRelated NewsDec 19th, 2017

DTI: Chinese firms eyeing PH ventures

Two Chinese companies have offered to invest some $4.5 billion in the country, the Trade department said. The firms were identified as Huili Investment Fund Management Co., Ltd. and Yi Ding Tai International Corporation, which plan to invest in iron and steel manufacturing and shipbuilding. “This is one of several investment proposals we have received [...] The post DTI: Chinese firms eyeing PH ventures appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsOct 23rd, 2017

Shadowy group calls for Duterte’s ouster

MANILA – A shadowy group called Patriotic and Democratic Movement or PADEM, composed of disgruntled military and police officers and members, has called for the ouster of President Rodrigo Duterte and cited 10 reasons for its action. It accused Duterte of treating the military and police as his private armies and for betraying and violating public trust. It also urged Filipinos to join PADEM in condemning and fighting Duterte and his administration and to stage mass actions and demand the President’s ouster. In a manifesto, Antonio Bonifacio, who claimed to be PADEM’s spokesman, called on members of the military and police to also join the people in demanding Duterte’s resignation and also his administration. It said the group is working for the withdrawal military and police support for Duterte.  “We urge all Filipinos as individuals and as groups in whatever social sector, field, institution or organization to exercise their right of assembly and expression to undertake mass actions demanding the ouster of Duterte and his administration. We call on our fellow officers and members of the AFP and the PNP to join the people in demanding the resignation or ouster of Duterte and his administration.” “We pledge to work for the withdrawal of military and police support for Duterte and his administration in conjunction with mass mobilization of the Filipino people in millions to manifest their demand for the resignation or ouster of Duterte and his administration. Upon the change of administration, we pledge to follow the principle of civilian supremacy and support a new civilian administration, in accordance with the 1987 Constitution and the rule of law,” the manifesto, released by Bonifacio &'' believed to be a nom de guerre – said. PADEM also condemned and holds accountable for gross crimes in betrayal of public trust and in violation of national sovereignty and democratic rights of the Filipino people. It cited the following reasons as alleged crimes of Duterte:   Treating the AFP and the PNP as these were his private armies and practising favoritism and violating professional and service standards in the promotion and assignment of officers; Corrupting the PNP and the AFP with a system of monetary awards for the extrajudicial killing of alleged illegal drug users and of NPA suspects; Condoning and protecting top-level illegal drug lords; Emboldening/inciting police officers to engage in extrajudicial killings of poor suspected illegal drug users and pushers by publicly telling officers to plant evidence and by guaranteeing their pardon and promotion in case of conviction; Aggravating corruption in government and criminality through the collusion of Duterte trustees and crime syndicates; Allowing China to occupy maritime features in the West Philippine Sea and to violate Philippine sovereign rights upheld by decision of the Arbitral Tribunal in accordance with the UN Convention on the Law of the Sea; Bungling the operations in Marawi City and indiscriminately destroying lives and property through aerial bombings, artillery and mortar; Favoring certain Chinese businessmen and Duterte relatives and cronies in the award of projected infrastructure projects using loans from China; Betraying the sovereign rights of the Filipino people by making the Philippines a debt vassal of China and offering to China the oil and gas resources under the West Philippine Sea as collateral for Chinese loans; and Seeking to replace the partnership with the United States in matters of national security with an even more lopsided relationship with China and Russia.  Television network GMA reported that the military has reiterated its support for the administration of Duterte and strongly denied PADEM’s allegations. Military spokesman Brigadier General Restituto Padilla said the entire Armed Forces of the Philippines, along with all the men and women of the uniformed services and all their civilian personnel, stand by the government and support Duterte, their commander-in-chief. Padilla said the accusations and issues cited by the group are unfounded and uncalled for. “Such issues are clearly politically motivated and a matter that the AFP does not and will not subscribe to,” GMA quoted him as saying, adding, they are the constitutionally mandated protectors of the people and will stand by law-abiding citizens whenever and wherever they are needed. “Having affirmed this, the AFP, however, will not hesitate in acting against forces who shall undermine the stability and security of our country and those who wish to destabilize our nation thru unconstitutional means,” he said. Communist rebels had previously said that the Central Intelligence Agency is plotting to oust Duterte alongside the plan to assassinate Jose Maria Sison, founder of the Communist Party of the Philippines. Sison, in a statement he issued in May, said those who continue to support him assert that performance in a year is not enough basis for a final judgment and that there is more than enough time ahead for him to accomplish promises that have most impressed them, such as the eradication of the drug problem, criminality, and corruption. He said Duterte has, in fact, pleaded that he needs three or four more years to bring about the significant changes that he previously thought would be done in six months’ time. His promised campaign against the pork barrel and other forms of corruption of the Aquino regime has not yet materialized. “Where he has been most successful at, projecting himself as a strong leader by calling on the police and the public to kill drug addict-pushers, he has attracted the most severe and sustained condemnation by institutions, the [&'].....»»

Category: newsSource:  mindanaoexaminerRelated NewsAug 23rd, 2017

Chinese firms scout Philippine prospects in Cebu summit

MANILA, Philippines - More Chinese companies want to take part in the country’s growing economy as close to 100 investors will participate in the 12th ASEAN.....»»

Category: financeSource:  philstarRelated NewsApr 4th, 2017

PCC outlines proposals for Nat’l Broadband Plan

MANILA, Philippines -  The Philippine Competition Commission (PCC) has expressed support to the National Broadband Plan (NBP) approved by President Duterte d.....»»

Category: financeSource:  philstarRelated NewsMar 30th, 2017

Gatchalian: Philippines should invoke South China Sea ruling

MANILA, Philippines — The Philippine government should invoke the arbitral ruling on the South China Sea in filing a protest against a reported Chinese plan.....»»

Category: newsSource:  philstarRelated NewsMar 22nd, 2017

Nation: Duterte says concerns over China in Benham Rise just 'nitpicking'

PRESIDENT RODRIGO R. Duterte on Sunday maintained he cannot stop China's activities in the contested South China Sea amid reports on Beijing's plan to build structures on a shoal there and Chinese vessels surveying waters recognized as Philippine territory......»»

Category: financeSource:  bworldonlineRelated NewsMar 19th, 2017

HNU gets free Smart wifi

TAGBILARAN CITY, March 7 (PIA)&''The day after President Rodrigo Duterte approved the Philippine national Broadband Plan to effect a faster and more reliable communications in the country, Holy Name University in Bohol also partners with Smart Telecommunications for a wireless fidelity (wifi) internet access for its students. And for that, Smart Communications incorporated allocated 100 [&'].....»»

Category: newsSource:  boholnewsdailyRelated NewsMar 11th, 2017

Japan, China firms eager to enter Phl

MANILA, Philippines - Japanese and Chinese companies are looking at investing and partnering with Philippine firms amid the bright prospects brought about by.....»»

Category: financeSource:  philstarRelated NewsFeb 22nd, 2017

Chinese suppliers set sights on PH national broadband plan – DICT

Chinese suppliers set sights on PH national broadband plan – DICT.....»»

Category: newsSource:  rapplerRelated NewsNov 8th, 2016

Philippine firms secure over $11B deals during China trip

BEIJING – The Philippines secured $11.24 billion worth of investments from Chinese companies involving 17 different projects as a testament to the warming ec.....»»

Category: financeSource:  philstarRelated NewsOct 21st, 2016

Ahead of point guard clash, Cabagnot praises Ravena for seamless transition to the pros

After nearly 13 years in the league, San Miguel Beer starting point guard Alex Cabagnot has proven time and again that he knows a thing or two about running a successful offense in the PBA. The Beermen’s dynastic success under head coach Leo Austria had to go through Cabagnot first, and he translated it to the tune of three straight Philippine Cup championships, and more. So when it comes to steady point guards in the league, Cabagnot is right up there. But the veteran playmaker, who has per game averages of 20.67 points, 6.3 rebounds, and 3.3 assists over three outings, is set to clash with one of the rising point guards in the league in Kiefer Ravena, as San Miguel faces off against NLEX on Friday. Speaking about his upcoming match-up against the 2nd pick of the 2017 PBA Draft, Cabagnot was all praise, commending how Ravena was able to live up to the massive expectations he came with. “He’s playing well. I think he’s adjusted well to the PBA brand. I think it’s a long time coming naman talaga for Kiefer to head to the PBA and he’s doing well,” Cabagnot told ABS-CBN Sports. “I expected that from him and he’s doing exactly what I expect him to do.” Ravena is norming 19.25 points, 7.25 assists, and 3.5 rebounds per game through his first four matches as a pro, and is coming off a career game where he scored 31 points in a loss against Magnolia. While Cabagnot, a six-time PBA champ is all praise for the rookie out of Ateneo, the veteran guard also knows stopping Ravena will be all fall under the responsibility of the whole San Miguel squad. “I think the coaching staff has done a great job scouting him. Not just Kiefer, but all their guards, all their players so we’re just gonna have to stick to the game plan, stick to the blueprint,” Cabagnot bared. What has Cabagnot beaming about Ravena even more is that the Phenom is earning every bit of green light that the fiery mentor Yeng Guiao allows him.  “Under Coach Yeng Guiao, he has a little bit more freedom, and a little bit more things that most rookies don’t have. But then again, he’s producing so he earns that freedom, not necessarily given to him, he earned it,” he said. This will be the first clash between two of the most electrifying and solid point guards in the PBA, and Cabagnot wishes Ravena nothing but luck, in tomorrow’s game, and in what is expected to be a long and fruitful career. “I just hope he continues, I just hope he stays injury-free. I hope he has the good health, I mean siyempre naman you need a lot of blessings and luck to not be injured and I’m pretty sure we’ll hear more about Kiefer,” Cabagnot said......»»

Category: sportsSource:  abscbnRelated News7 hr. 49 min. ago

PSE’s P3.16B follow-on offer ok’d

The Securities and Exchange Commission (SEC) has approved a plan by the Philippine Stock Exchange to raise as much as P3.16 billion from the sale of shares to existing "eligible" investors. Based on a document issued by the SEC on Thursday, the PSE was authorized to sell as much as 11.5 million new common shares at an offer price of as much as P275 per share to existing eligible investors. Net proceeds from this offering will be used to repay debt to be incurred in connection with its plan to acquire Philippine Dealing Systems Holdings Corp. (PDS Group) PDS, the holding firm for fixed-income trading platform Philippine Dealing and Exchange Corp., Philippine Depositary and Trust...Keep on reading: PSE’s P3.16B follow-on offer ok’d.....»»

Category: newsSource:  inquirerRelated News14 hr. 36 min. ago

Metrobank, BPI plan stock rights offers

TWO OF THE COUNTRY’S biggest banks are looking to conduct stock rights offerings (SRO) to fund their core business expansion and other operations. Metropolitan Bank and Trust Co. (Metrobank) and Bank of the Philippine Islands (BPI) said in separate disclosures to the local bourse that they will offer their common shares to stockholders to raise […] The post Metrobank, BPI plan stock rights offers appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsJan 17th, 2018

'Angkas' saves Kelly Williams from traffic on his way to the PBA

In one of the most random things to happen this season, ride-hailing app "Angkas" came through in the clutch for veteran TNT forward Kelly Williams. Coming from his home in Alabang, Williams got caught in heavy traffic along C5 and was acutally late for TNT's Philippine Cup matchup against the Blackwater Elite Wednesday at the Araneta Coliseum. Already in panic, Kelly had to go the unconventional route and got help from the "Uber for motorcycles." "Yeah, oh my God. I was having a panic attack in my car. Coming from the south, I got to Taguig and about two and a half hours, I heard there was a fire in C5 and I was just like 'oh my God what am I gonna do.'" Williams said, detailing the entire incident. "So my driver said check Angkas so I was like okay, Uber for motorcycles. I got out of the car in the middle of C5, in the middle of traffic, and found this guy under the overpass. He was surprised to see me, I put my helmet on, jumped on the motorcycle and we got here. We were on the road for about 40 minutes," he added. Williams, who didn't play in the first half but still managed to get six points, six rebounds, and four blocks, said that it was a fun experience overall. However, that was the first and last time for him. "It was fun, it was actually pretty fun but, gosh, never again. Plan ahead guys," the 2008 PBA MVP said. "Initially I was scared, because he was swerving pretty well. But I got used to it, we got to the open air and it was fun. I was more worried about what coach would say," Williams added. "Coach said 'don't do it again.'" Overall, the entire thing can be charged to experience Kelly said. More importantly, he added that he tipped his driver pretty well for coming through in the clutch. "I considered running, I considered jogging. Whatever you gotta do. It was a good experience though, thank you to the cyclist. I think his name was Richard. He was a life saver," Kelly said. "I tipped him very handsomely. it was about a hundred [fee] but I'm sure I paid whatever was in my pocket because I was very grateful," Williams added.   --- Follow this writer on Twitter, @paullintag8.....»»

Category: sportsSource:  abscbnRelated NewsJan 17th, 2018

De Lima says Duterte has become a ‘Chinese governor’

"What we have in Malacaang is not a Philippine President, but a Chinese Governor,"Senator Leila de Lima saidon Wednesdayas she chided President Rodrigo Dutertefor reportedly allowing China to do research in Benham Rise. Department of Foreign Affairs (DFA) Secretary Alan Peter Cayetano earlier confirmedthat the Duterte administration has allowed China to conduct marine research inBenham Rise. But De Lima slammed the move as she mocked not only the President but alsoCayetano and Presidential spokesman Harry Roque for "lawyering" for China. "Beijing has just successfully engaged the services of a new law firm in thePhilippines, the Duterte, Cayetano, and Roque Law Offices," she...Keep on reading: De Lima says Duterte has become a ‘Chinese governor’.....»»

Category: newsSource:  inquirerRelated NewsJan 17th, 2018

Solon asks DFA to reconsider Chinese exploration of Benham Rise

BAYAN Muna Representative Carlos Isagani Zarate has urged the Department of Foreign Affairs (DFA) to rethink its decision allowing Chinese oceanographers to conduct studies in Philippine waters. In a statement on Sunday, Zarate called the request of a Chinese entity to study the Philippine seas a “modus operandi,” adding that it is one of the… link: Solon asks DFA to reconsider Chinese exploration of Benham Rise.....»»

Category: newsSource:  manilainformerRelated NewsJan 14th, 2018

Morales, Prado, Gorospe victorious in national championships

Jan Paul Morales completed a sprint finish to top Ronald Oranza and the treacherous Subic-to-Bataan route of the Philippine National Cycling Championships for Road Friday afternoon. Jermyn Prado blew right past the competition to dominate the women's race. A total of 96 riders answered the PRUride PH 2018 gun for the men’s elite race, but it was Morales, a longtime national team member who won the coveted national champions’ jersey. “I really went for the win but I had to work hard for this one,” said Morales moments after his victory that earned him not only P50,000 in cash from organizer Pru Life UK but also an all-expense paid trip to the Prudential Ride London in July. Morales clocked three hours, 42 minutes and 55 seconds—same time as Oranza—over the 137-km course that included a treacherous climb to the Dambana ng Mga Bayani at Mt. Samat in Mariveles, Bataan. Felipe Marcelo and Jonel Carcueva shared third place after figuring in a close finish. Oranza brought home P25,000 while Marcelo and Carcueva shared the third and fourth place prizes of P15,000 and P12,500, respectively. Also earning tickets to London and P50,000 each were Prado and Men's Under-23 winner Ismael Gorospe. Prado clocked 3:26:00 to win gold in the 96.55-km women elite race, beating Chinese Taipei's Chang Ting Ting by more than two minutes, and Arianne Dormitorio by over five minutes. Two-time Asean mountain bike champion Dormitorio was almost successful in her first foray with the road discipline but crashed against the strong cross winds inside Subic. Chang also banked P25,000 and P12,500, respectively. Gorospe won the Men's Under-23 jewel after completing a 3:45:40 finish over the same course at the elite race. Danielver Carinon and Ronilla Quita completed the podium......»»

Category: sportsSource:  abscbnRelated NewsJan 12th, 2018