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PLDT wireless subsidiary Smart Communications, Inc. said it was on track to complete the rollout of more than 4,200 long-term evolution (LTE) sites across the country by early next year. Joachim Horn, chief technology and information advisor for PLDT and Smart, said in a statement that the modernization of the…

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MANILA Electric Co. (Meralco), the country’s largest power distribution utility has adopted measures to ensure that its facilities are resilient in the event of disasters or calamities. Meralco President Oscar Reyes told reporters they started the resiliency program three years ago, adding that they are continuously investing in “hardening” their…

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THE second 105-megawatt (MW) section of Sarangani Energy Corp.’s (SEC) coal-fired power plant in the municipality of Maasim in Sarangani is on course for completion by the early part of 2019, a top executive of Alsons Consolidated Resources, Inc. (ACR) said. Alsons Vice President Joseph Nocos told reporters in a…

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LISTED real estate developer 8990 Holdings Inc. listed on Friday its P5-billion series A perpetual preferred shares on the Philippine Stock Exchange. The offer period began on November 17 and ended on November 23. Proceeds from the share issue will be used to fund the company’s mass housing projects nationwide.…

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INTERNATIONAL Container Terminal Services Inc. (ICTSI) said it has signed a memorandum of agreement with two Papua New Guinea-based landowners to collaborate on ICT’s port project in Lae in the South Pacific island nation. ICTSI said it signed the agreement with landowners AHI Investments Ltd. (AHI) and Labu Holdings Ltd.…

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GLOBE Telecom Inc. continues to ramp up the rollout of its scan-to-pay system with a new partnership signed with Henry Sy’s SM on Friday. Ernest Cu, Globe president and chief executive officer, told reporters following the media launch the partnership with SM is expected to result in “more partnerships” in…

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TOKYO: Nissan’s passenger car sales nearly halved in Japan last month, data released on Friday showed, following a 55-percent drop the previous month as it struggle with a damaging inspection scandal. In November, sales of Nissan-brand passenger cars stood at 16,888, down 46.8 percent from a year earlier, Japan Automobile…

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Lopez-led ABS-CBN Corp. on Friday warned online Filipino viewers to be vigilant about a new phishing scam that uses the network’s content programs as bait to get the user’s personal information. ABS-CBN International issued a statement alerting viewers to be watchful online as its anti-piracy group has seen more malware…

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WELLINGTON: New Zealand dairy giant Fonterra was ordered to pay French rival Danone NZ$183 million ($125 million) in damages Friday over a botulism scare that saw baby formula yanked from shelves around the world as a precaution. The huge payout came after Danone sued over the 2013 crisis, when fears…

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SAN Miguel Corp. will dispute in court the Securities and Exchange Commission’s (SEC) decision to impose a P769-million fine on the conglomerate for the late filing of disclosures regarding its acquisition of a stake in Manila Electric Co. In a statement released to the media, San Miguel President and Chief…

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