Companies

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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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Hitachi Vantara, a wholly owned subsidiary of Hitachi Ltd., has promoted two key executives: Brian Householder as chief executive officer and Scott Kelly as chief operating officer. It said Householder, the company’s former president and COO, would succeed Ryuichi Otsuki. Householder previously served as president and COO of Hitachi Vantara,…

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SAN FRANCISCO: Triumphant in online retail, cloud computing, organic groceries, and streaming television, Amazon founder and chief disruptor Jeff Bezos is turning his seemingly limitless ambition to health care. Amazon, launched as an internet bookseller nearly 24 years ago, has branched into offerings including voice-commanded speakers infused with Alexa artificial…

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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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CONSUNJI-LED DMCI Homes will proceed with the construction of the fourth and final building of its Verdon Parc condominium development in Davao City, banking on the bright prospects of the property segment outside Metro Manila. In a statement, DMCI Homes said it was set to build the 22-story Maurin residential…

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LISTED food exporter AgriNurture, Inc. (ANI) has issued 18.62 million shares to a property management and investment firm to raise additional working capital. In a disclosure to the Philippine Stock Exchange, ANI said it issued 18.62 million common shares to PPARR Management and Holdings Corporation, as approved by the board…

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PROPERTY giant Ayala Land, Inc. (ALI) is programming a 21-percent increase in capital expenditure (capex) in 2018 to fund the development of more projects across the country. “Our capex projection is P111 billion, which is significantly higher than the actual spending last year, so it’s going to be another all-time…

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