MA. LISBET K. ESMAEL

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AYALA-LED Globe Telecom may set its capital expenditure (capex) budget at $850 million (P43.7 billion) for next year, a top executive said on Wednesday. Ernest Cu, Globe chief executive officer and president, told reporters on the sidelines of the Digital Congress 2017 held in Pasay City that while the company’s…

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TECHNOLOGY firm Microsoft has launched its mobile messaging application Kaizala, which is designed to provide secure group communications particularly within large businesses and organizations, in the Philippines. In a media launch late Tuesday, Rajiv Kumar, corporate vice president at Microsoft Office India, said they decided to enter the local market…

AI VS BPO

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ARTIFICIAL intelligence (AI) should not be feared as its emergence in the fast-growing BPO, or business process outsourcing, sector would lead to more jobs, particularly in call centers. Amid reports about projected job losses, Kaizen Private Equity founder and managing partner Sandeep Aneja said that the rise of the fourth…

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Local start-ups must increase their efforts to create and build ideas that can challenge the system, the head of a foreign business chamber said. Itamar Gero, president of Israel Chamber of Commerce of the Philippines (ICCP), said start-ups should seek to make a huge difference and not just survive. “I…

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NICKEL Asia Corp. (NAC) said on Tuesday that the estimated value of shipments in the first nine months of the year rose by 16 percent to P11.65 billion driven by higher ore prices combined with a weaker peso exchange rate. In a disclosure to the Philippine Stock Exchange, NAC said…

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MOTO Philippines, previously known as Motorola, opened six stores on Tuesday to reach more consumers, expand its retail footprint nationwide, and boost brand presence. John Rojo, country manager for Lenovo Mobile Business Group Philippines, said the opening of new stores aims to strengthen Moto’s brand presence in the country. “It’s…

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AYALA-LED Globe Telecom Inc. has completed raising funds for this year’s capital expenditure (capex) requirements. “We’re done with [the required] fund raising,” Rizza Maniego-Eala, Globe chief financial officer told reporters on the sidelines of an event Thursday night. The company announced in late September that it was raising its spending…

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PLDT Group’s aviation business Pacific Global One seeks to get a slice of rising demand for chartered flights in the country. In a statement over the weekend, Pacific Global One President and Chief Operating Officer Rene “Butch” Meily said the unit offers flights to Balesin in Quezon, Amanpulo in Pamalican…

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AYALA-LED Globe Telecom launched on Thursday new prepaid and postpaid broadband plans with no lock-up periods as part of efforts to expand its subscriber reach. Globe had announced in January that it was targeting to roll out 400,000 ultra-fast broadband lines by the end of the year to eventually serve…

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LOCAL start-ups should venture into raising money online to increase their business capital, the founder of a Filipino-based crowdfunding website said on Wednesday. “Crowdfunding has leveled the playing field for a lot of entrepreneurs to do something and raise funds to make their ideas into reality,” said Patch Dulay, founder…

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