MA. LISBET K. ESMAEL

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Despite improvements in its long-term evolution (LTE) mobile network last year, the Philippines still ranks near the bottom among countries using this technology, a wireless-coverage mapping company said on Tuesday. In its latest “State of LTE” report, which surveyed 88 countries and gathered data using 59 billion measurements across 4.8…

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STATE-RUN housing agency Pag-IBIG Fund announced a record P30.27 billion net income in 2017 on the back of all-time high home loan disbursements during the year. Pag-IBIG said gross income last year reached P43.33 billion driven by the strong demand for loans. It said home loans released amounted P65.1 billion,…

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Any Telecommunications firm looking to challenge the Globe and PLDT duopoly should be worth at least P10 billion based on draft rules released by the Department of Information and Communications Technology (DICT). Under a proposed joint memorandum circular to be issued by the DICT, Department of Finance, National Telecommunications Commission…

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Metro Manila’s office space take-up is seen to increase in 2018 after hitting another all-time high last year, a property brokerage services company said on Monday. In a media briefing, Leechiu Property Consultants President David Leechiu said 2017’s take-up rose to 775,000 square meters (sqm). “It’s our 15th all-time high…

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Pangilinan-led PLDT has bolstered its home broadband business with its fiber-power fixed line network reaching 4 million homes last year. In a statement over the weekend, PLDT said that it hit the 4-million target for the year and surpassed by nearly 43 percent the 2.8 million-mark passed in 2016. The…

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ONLINE shopping platform Zalora is upbeat about the prospects of the e-commerce market in the Philippines given its own growth story in recent years. Paulo Campos 3rd, chief executive officer of Zalora Philippines, told The Manila Times it was not impossible for the Philippines to top the Southeast Asian e-commerce…

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AYALA-LED Globe Telecom remains keen on forming an independent tower company despite strong opposition from a government official. This was the statement made by Ernest Cu, Globe president and chief executive officer, in response to Presidential Adviser on Information and Communications Technology Ramon Jacinto’s statement that a telecom carrier must…

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LISTED Philippine Business Bank (PBB) is planning to raise funds through a proposed conversion of preferred shares into common stock and the issuance of long-term negotiable certificates of time deposits (LTNCDs) amounting to P10 billion. In a disclosure on Thursday, PBB said the funds to be raised “will allow the…

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The National Telecommunications Commission (NTC) has the authority to order PLDT Inc. and Globe Telecom to install their radios only on common towers despite their legislative franchises, a government official said on Wednesday. Businessman and Presidential Adviser on Economic Affairs and Information Technology Ramon “RJ” Jacinto told The Manila Times…

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Globe’s information and communications technology arm has launched a new cloud-based technology that is aimed at addressing the current connectivity requirements of large corporations. Globe Business announced on Tuesday night the rollout of its Software-Defined Wide Area Network (SD-WAN), which aims to provide companies with secure data connectivity. Albert de…

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