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DITO confirmed that it is scaling back capex in 2024
DITO CME confirmed a report in the Manila Times that its 2024 “capex guidance will be tempered a bit” from its 2023 capex spending of P27 billion......»»
ICTSI on expansion mode; raises capex to $450 million
International Terminal Services Container Inc. has raised its capital expenditures to $450 million this year to pursue new expansion projects......»»
Globe sets 2024 capex at P55 billion, a 5-year low
Mobile giant Globe Telecom Inc. is bringing down its capital expenditures to a five-year low of P55 billion in 2024, as the telco works on attaining a certain cost efficiency for financial health......»»
Globe activates new submarine cable network
Globe Telecom Inc. has activated a new submarine cable segment of what is set to be the longest underwater cable in the Philippines......»»
Globe to verify identity of 61 million users
Globe Telecom Inc. has initiated the authentication of each and every subscriber identity module (SIM) in its network to weed out mobile numbers involved in fraudulent activities......»»
Philippines FDI net inflows grow by 89.9 pct in January
MANILA, April 10 (Xinhua) -- Foreign direct investment (FDI) that flowed into the Philippines grew year-on-year by 89.9 percent in January to 907 million U.S. dollars, the country's central bank said Wednesday. "The increase in FDI was supported mainly by the 173.2 percent expansion in nonresidents' net investments in debt instruments to 820 million dollars from 300 million dollars in January 2023," the Bangko S.....»»
PNP approves new policy mandating removal of tattoos among personnel
PNP approves new policy mandating removal of tattoos among personnel.....»»
Japan’s government approves new foreign trainee program
Japan’s government approves new foreign trainee program.....»»
Globe spending for cybersecurity reaches $90 million
Globe Telecom Inc. has invested around $90 million to improve its security measures, improving the capability of its digital defenses in fighting online fraud......»»
2 board members to Daluz-led board: We’re still here
2 board members to Daluz-led board: We’re still here.....»»
Union Bank board approves P10-B stock rights offering
The board of directors of Union Bank approved a plan to conduct a stock rights offering to raise up to P10 billion to “fund the capital infusion to UnionDigital” and for “projected retail loan availments”......»»
Israel plans to build 3,300 new settlement homes; says it s a response to a Palestinian attack
Israel plans to build 3,300 new settlement homes; says it s a response to a Palestinian attack.....»»
Globe Postpaid showcases new OPPO Reno11 Series 5G
Globe Postpaid showcases new OPPO Reno11 Series 5G.....»»
Arthaland board approves P3-B preferred shares sale
The Arthaland board of directors approved a follow-on offering of up to P3 billion worth of preferred shares at P500/share......»»
San Miguel board approves P20-B bond issuance
San Miguel disclosed that its board of directors has approved a P20 billion issuance of fixed-rate Peso-denominated bonds......»»
Cebu Landmasters board approves P5-B preferred shares offering
Cebu Landmasters announced that its board of directors approved a measure to sell up to P5 billion worth of its Series A preferred shares in an upcoming follow-on offering......»»
Disney+ Loses 1.3 Million Subscribers After Price Hike
Disney+ has seen a decline in its subscriber base by 1.3 million following a price increase implemented in the final quarter of 2023 while being able to mitigate losses by a noteworthy $300 million. During the Q1 FY24 Earnings Call, Disney revealed that Disney+ witnessed a drop from 112.6 million subscribers on September 30, 2023, […].....»»
DBP lends P116 million for swine farm expansion
State-owned Development Bank of the Philippines said it extended a P116-million loan for the expansion of a swine farm project in Nueva Ecija to boost the government’s hog repopulation efforts......»»
Maynilad considering a $300-M pre-IPO investment round before it goes public in 2025
Bloomberg is reporting that Maynilad Water Services, the “West Zone” water concessionaire owned by Metro Pacific Investments and DMCI, is “considering” raising a US $300 million (~P16.9 billion) “funding round” before it goes public on the PSE in 2025......»»
UP Physicists Present Network Science Research at the House of Representatives
Dr. Reinabelle Reyes and Dr. May Lim of the UP Diliman National Institute of Physics (UPD-CS NIP) presented their research on transport network efficiency at the recent House Committee on Visayas Development meeting on February 6, 2024. Together with independent researcher JC Albert Peralta, Dr. Reyes and Dr. Lim used a 300-year-old math discipline called […].....»»