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PLDT Global taps NGA 911’s emergency response system

PLDT Global Corp., the international unit of the local telco giant, is enabling US-based technology solutions provider Next Generation Advanced 911 (NGA 911) to help boost emergency response systems in the Philippines with advanced technology, delivered through the nationwide PLDT network infrastructure......»»

Category: financeSource:  philstarRelated NewsFeb 19th, 2024

PLDT buys 35% of Meralco unit

Telco giant PLDT Inc. is showing no signs of slowing down its broadband expansion, this time investing P2.12 billion to acquire more than a third of shares in a sister subsidiary......»»

Category: financeSource:  philstarRelated NewsJan 31st, 2024

PLDT puts up new unit for data centers

Telco leader PLDT Inc. has formed a new unit under its technology arm, delegating it with the task of building and operating data centers......»»

Category: financeSource:  philstarRelated NewsMar 26th, 2024

PCC reviews Ayala unit’s acquisition of North Luzon drugstore chain

PCC reviews Ayala unit’s acquisition of North Luzon drugstore chain The Philippine Competition Commission (PCC) is conducting a deeper review of the proposed acquisition by Ayala Corp.’s unit of a substantial stake in North Luzon drugstore chain St. Joseph Drugstore......»»

Category: newsSource:  philstarRelated NewsApr 24th, 2024

AboitizPower hikes stake in STEAG

Aboitiz Power Corp. has acquired an additional 15.6 percent stake in STEAG State Power Inc., boosting its equity to a majority of 85 percent......»»

Category: financeSource:  philstarRelated NewsFeb 25th, 2024

MGreen hikes stake in SPNEC

MGen Renewable Energy Inc. a wholly owned subsidiary of Meralco Powergen Corp., has raised its stake in integrated solar developer SP New Energy Corp......»»

Category: financeSource:  philstarRelated NewsFeb 12th, 2024

Davao Oriental under state of calamity

The entire province of Davao Oriental has been declared under a state of calamity following the impact of the shear line, allowing the provincial local government unit to access its Quick Response Fund for rehabilitation efforts. The unanimous resolution was approved during a regular session in Sangguniang Panlalawigan, based on comprehensive assessment and recommendation from the Provincial Disaster Risk Reduction and Management Council and Governor Niño Uy. This declaration is crucial for providing emergency aid to the affected constituents and enforcing price control on essential items. Rapid Disaster Assessment and Needs Assessment reports indicate that around 63,337 families are affected, with 645 families and 1,830 individuals currently displaced and in evacuation centers. The damages in agriculture, fisheries, and livestock are estimated to be significant. Several municipalities have already declared a state of calamity, and the entire province is yet to announce its final assessment on the value loss in agriculture. This declaration aims to expedite rehabilitation and recovery plans to restore normalcy in the affected areas......»»

Category: newsSource:  sunstarRelated NewsJan 24th, 2024

PLDT, ABS-CBN call-off P6.75-B SkyCable deal

PLDT and ABS-CBN “mutually decided not to proceed with the sale of Sky Cable to PLDT under the sale and purchase agreement signed by and among the parties in March 2023.”.....»»

Category: financeSource:  philstarRelated NewsFeb 23rd, 2024

RLC sells P8.5 billion shares in REIT unit

Robinsons Land Corp., the diversified real estate firm of the Gokongwei family, has sold P8.49 billion worth of shares in RL Commercial REIT Inc., increasing the listed REIT’s public float to 49.95 percent......»»

Category: financeSource:  philstarRelated NewsApr 6th, 2024

Landmark power joint venture to cost $3.3 billion

Energy powerhouses Meralco PowerGen Corp. (MGen), Aboitiz Power Corp. and San Miguel Global Power Holdings Corp. (SMGP) have forged a $3.3-billion deal to help boost the country’s energy security and make affordable power accessible to more consumers......»»

Category: financeSource:  philstarRelated NewsMar 4th, 2024

MVP Group dominates 20th Philippine Quill Awards

It was a triumphant night for the MVP Group of Companies, encompassing leading entities such as Light Rail Manila Corp., Manila Electric Co., Maynilad Water Services Inc., PLDT, Smart Communications Inc., Makati Medical Center, Maya, Metro Pacific Dumaguete Water Services Inc., Metro Pacific Tollways South Management Corp., Metro Pacific Investments Corp., Meralco – One Meralco Foundation and Metro Pacific Investments Foundation, as its member companies secured a staggering total of 87 awards at the 20th Philippine Quill Awards, organized by the International Association of Business Communicators......»»

Category: financeSource:  philstarRelated NewsFeb 3rd, 2024

PLDT, Smart ramp up cloud initiatives

Telco giant PLDT Inc. and its wireless unit Smart Communications Inc. are bolstering their cloud initiatives with the establishment of the cloud center of excellence......»»

Category: financeSource:  philstarRelated NewsApr 8th, 2024

PLDT, Smart named among world’s leading employers

PLDT Inc. and its wireless unit Smart Communications Inc. have been named among the Top One Percent of Leading Employers of 2023 by German firm Institute of Research and Data Aggregation......»»

Category: financeSource:  philstarRelated NewsMar 28th, 2024

Meralco sustains power in PBA 3x3

Meralco turned to full power early to sweep its way to the quarterfinals of Leg 5 the PBA 3x3 Season 3 Third Conference yesterday at the Ayala Malls Manila Bay......»»

Category: sportsSource:  philstarRelated NewsJan 29th, 2024

Powering a greener future together: Meralco partners with McDonald’s on sustainability efforts

Meralco, the largest power distributor equipped with expertise in green initiatives, joined forces with McDonald’s to power the implementation of eco-friendly practices within its restaurant operations......»»

Category: newsSource:  philstarRelated NewsJan 23rd, 2024

Power rates slightly inch up in January — Meralco

Meralco said that it will have a slight increase in power rates by P0.0846 per kiloWatt-hour (kWh) which brings the overall rate for a household to P11.3430 per kWh this month......»»

Category: financeSource:  philstarRelated NewsJan 10th, 2024

One Meralco plants 125,000 mangroves on World Wetlands Day

One Meralco Foundation the social development arm of the Manila Electric Co. (Meralco), celebrates this year’s World Wetlands Day by planting and nurturing 125,000 native mangroves in Del Carmen in Siargao Islands, Surigao del Norte......»»

Category: newsSource:  philstarRelated NewsFeb 2nd, 2024

Jollibee buys 10% stake in Botrista for $28-M

Jollibee disclosed that it purchased a 10% stake in Botrista, a “leader in the beverage technology space”, for $28 million through its subsidiary, Jollibee Worldwide Pte. Ltd......»»

Category: financeSource:  philstarRelated NewsApr 1st, 2024

PAL denies that it has started the groundwork to sell a minority stake to strategic investor

Philippine Airlines issued a clarification to a news article that claimed PAL was looking to sell a 20% to 25% minority stake to a strategic investor, and that PAL “recently formed a team to ‘receive some offers’”......»»

Category: financeSource:  philstarRelated NewsFeb 29th, 2024

PAL revives stake sale to investors

Taipan Lucio Tan has revived plans to sell a significant stake in Philippine Airlines (PAL) to a strategic investor who could help the flag carrier soar to even greater heights, industry sources said......»»

Category: financeSource:  philstarRelated NewsFeb 27th, 2024