PLDT, Smart keep top spot as fastest fixed, mobile network in Philippines

PLDT, Inc. and its wireless arm Smart Communications, Inc. kept the top spot as the fastest fixed and mobile network in the country, according to Ookla’s speed testing study during the second half of 2018.

GoDigital’s OKTO targets micro, small enterprises

GODIGITAL CORP. is launching its new line of products called OKTO for cashless transactions and digitizing business processes, mainly targeting the micro, small and medium enterprises (MSME).

Why retention programs have become crucial in the health care business

A GOOD retention program is a must to ensure employee loyalty not only in businesses, but also in hospitals, where keeping trained professionals has become a challenge because of low pay.

How PSEi member stocks performed — March 1, 2019

Here’s a quick glance at how PSEi stocks fared on Friday, March 1, 2019.   Philippine Stock Exchange's most active stocks by value turnover -- March...

MWSS orders annual audits of Manila Water, Maynilad

THE Metropolitan Waterworks and Sewerage System (MWSS), which regulates the water industry, said it will audit the financial performance of the country’s two biggest water concessionaires in June and will subsequently repeat the exercise yearly.

Phoenix Petroleum signs MoU with PNOC, CNOOC unit

PHOENIX Petroleum Philippines, Inc. has signed a memorandum of understanding (MoU) with Philippine National Oil Co. (PNOC) and China’s CNOOC Gas and Power Group Co. Ltd. (CNOOC G&P) to jointly explore opportunities in the liquefied natural gas (LNG) hub project, whose main proponent is Davao City businessman Dennis A. Uy.

MORE Power promises Iloilo businesses lower rates

MORE Power and Electric Co. (MORE Power) said it will provide lower power rates when it takes over the concession from Iloilo City from the current power distributor, Panay Electric Co. (PECO).

PCC approves Aboitiz acquisition, Bonifacio East deals

THE Philippine Competition Commission (PCC) said it approved on Thursday Aboitiz Power Corp.’s acquisition of a stake in AA Thermal Inc., as well as a joint venture agreement signed with a Chinese company by the Bases Conversion Development Authority (BCDA) and the National Housing Authority (NHA).

VW distributor targets 50% sales growth in 2019

AUTOMOBILE Central Enterprises, Inc. (ACEI), the exclusive distributor of the German car brand Volkswagen, has set a target of 50% sales growth in 2019, banking on its stable of affordable models and an expected recovery in the auto industry.

SMIC profit jumps 13% in 2018

SM INVESTMENTS Corp. (SMIC) increased its earnings by 13% in 2018, as the company’s property, banking, and retail units continued to show steady growth.

Meralco in talks with ALI to put up microgrids in resort areas

MANILA ELECTRIC Co. (Meralco) is studying the viability of putting up microgrid systems in popular tourist destinations outside its franchise area and replicate the hybrid energy system it is installing on Cagbalete Island in Quezon province.

PCC green-lights sale of Splash to Bangalore firm

THE Philippine Competition Commission (PCC) said it has approved a Bangalore-based company’s plan to acquire Philippine personal care manufacturer Splash Corp.