MA. LISBET K. ESMAEL

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AYALA-LED Globe Telecom has set a capital expenditure (capex) program of $850 million (P43.7 billion) for this year, with its eyes set on improving data services in the country. In a filing on Friday, the telco said its board had approved a capital expenditure budget of $850 million for 2018,…

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LISTED International Container Terminal Services Inc. (ICTSI) said on Friday that its board had approved the issuance of new securities through subsidiary Royal Capital B.V. In a disclosure to the Philippine Stock Exchange, the company said Royal Capital would be issuing new senior perpetual securities guaranteed by the port operator.…

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Media gi-ants GMA Network Inc. and ABS-CBN Corp. welcomed 2018 by both claiming leadership in last year’s nationwide television ratings. Citing data from Nielsen TV Audience Measurement, GMA said on Thursday that it continued to dominate in 2017 with a 42.5-percent audience share in the National Urban Television Audience Measurement…

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Listed health-sciences company Philab Holdings Corp. has sealed a partnership with Italy-based Industria Macchine Automatiche S.p.A (IMA) to bring automation to its pharmaceutical production. Paolo Cagalingan, executive vice president of sales and business development at Philab, said in a statement that the partnership would bolster the pharmaceutical sector’s capacity to…

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FINTQ, PLDT Inc.’s financial technology arm, reported on Thursday that its loans grew by almost 33 percent in 2017, attributing the boost to its digital-lending platform Lendr. “Loans disbursed through Lendr for 2017 reached more than P12 billion, nearly a third higher than the volume recorded the year before, bringing…

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The expected entry of China Telecom as the Philippines’ third telecommunications player can lower the cost of telecom services and boost the country’s economy, an analyst said. In a phone interview, Summit Securities Inc. President Harry Liu said a new industry player that would compete against the country’s two dominant…

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DIGITAL services provider PayMaya said on Wednesday it recorded a three-fold increase in online transactions for the last two months of 2017, with its millennial account holders driving the growth. Paolo Azzola, chief operating officer and managing director at PayMaya Philippines, said in a statement the country continues to witness…

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Telecommunications company PLDT, Inc. is promising better wireless services following the signing of a $28.5-million (P1.4-billion) partnership with China’s Huawei Technologies Co. Ltd. “This partnership will enable PLDT Group’s wireless services under the brands PLDT, Smart, Sun and TNT to become much more agile, efficient and resilient in developing and…

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PROPERTY firm Ayala Land, Inc. (ALI) plans to increase its stake in Malaysian development and construction firm MCT Bhd as part of efforts to increase its presence in the Malaysian market and become a major property player in the Asean region. ALI Chief Finance Officer Augusto Bengzon told the local…

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The government is set to expand its free broadband project this year to include more public schools across the country. Department of Information and Communications Technology (DICT) officer-in-charge Eliseo Rio said in his Facebook post on Monday the DICT and the Department of Education (DepEd) will work together on a…

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