Tag: bworldonline
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PhilTower closes acquisition of 1,148 towers from Globe, progresses towards full purchase
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GLOBE Telecom, Inc. said it is close to finalizing its tower sales to Phil-Tower Consortium, Inc. (PhilTower) after selling another 48 towers for P710 million. This brings PhilTower’s total acquisitions to 1,148 towers, or 85% of the planned 1,350 towers, Globe said in a statement on Monday. Globe said proceeds…
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Infrastructure spending jumps in April
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INFRASTRUCTURE SPENDING jumped in April amid the continued implementation of projects, the Department of Budget and Management (DBM) reported. Infrastructure and other capital outlays rose by 36.2% to P118.9 billion in April from P87.3 billion in the same month a year ago, according to the latest National Government disbursement report.…
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Poll: BSP to stand pat for 6th straight meeting
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THE BANGKO SENTRAL ng Pilipinas (BSP) is expected to stand pat for a sixth straight meeting this week amid the peso’s weakness and risks to inflation.
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Philippine growth seen running ‘below potential’
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THE PHILIPPINES is expected to be the second-fastest growing economy in the Asia-Pacific (APAC) region this year, although expansion is “below potential,” Moody’s Analytics said. In a report, Moody’s Analytics said the Philippines’ gross domestic product (GDP) growth is expected to average 5.9% this year, just behind India (6.8%) but…
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PPA to hike cargo fees by 16%, says Philexport
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THE PHILIPPINE PORTS Authority (PPA) will be increasing cargo handling fees by 16% at the Manila ports by August, the Philippine Exporters Confederation, Inc. (Philexport) said in a bulletin.
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MPTC eyes P30 billion in yearly revenue from Indonesia toll road
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PANGILINAN-LED Metro Pacific Tollways Corp. (MPTC) expects to generate P30 billion in yearly revenue from its toll road contract in Indonesia, which is expected to be signed this week, according to its chairman. “It is likely to be signed next week in Jakarta,” MPTC Chairman Manuel V. Pangilinan told reporters…
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Shakey’s Pizza says it’s open to acquisitions but ‘not actively looking’
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LISTED restaurant chain Shakey’s Pizza Asia Ventures, Inc. remains open but is “not actively looking” for possible acquisitions, as the company is focused on the growth of its current brand portfolio. “We’re not actively in search, but we will always remain open, and we’ll listen,” Shakey’s President and Chief Executive…
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Redefining customer interaction and business efficiency with AI
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In the current business landscape, companies are increasingly focused on innovative strategies to enhance customer experience while improving operational efficiency. In the telecommunications industry, the integration of automation and artificial intelligence (AI) technologies has become a catalyst for personalized customer interactions, especially when it comes to providing real-time engagement, addressing…
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DigiPlus joins DICT ‘Bayang Digital, Bagong Pilipinas’ NICT Month Celebration
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DigiPlus Interactive Corp., through its social development arm BingoPlus Foundation, supports the Department of Information and Communications Technology’s (DICT) vision of creating a digitally advanced and resilient Philippines. Further reinforcing its commitment to responsible digitalization, the company recently supported the DICT Expo: Bayang Digital, Bagong Pilipinas held last June 3…
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Building permit approvals pick up by 12.8% in April
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By Karis Kasarinlan Paolo D. Mendoza APPROVED building permits rose by 12.8% in April, a reversal from a 12.2% drop a year ago, the Philippine Statistics Authority (PSA) said in a report on Wednesday. Preliminary data showed that building projects covered by the permits totaled 13,332 in April from 11,822…