E-commerce seen to drive PHL digital economy surge to $35B
THE Philippines’ digital economy is expected to reach a gross merchandise value (GMV) of $35 billion by 2025, growing at a 20% compound annual growth rate (CAGR) from $20 billion today, according to a report by Google, Temasek, and Bain & Co.
POGOs’ exit seen to bring 650,000 sq.m. of office space
THE exit of Philippine offshore gaming operators (POGOs) will contribute 650,000 square meters (sq.m.) of vacant office space but can be offset by transaction activity and demand take up, Colliers Philippines said.
Ayala Land invests P6-M in EV charging stations
AYALA LAND, Inc. has opened its electric vehicle (EVs) charging stations across seven cities, investing around P6 billion in the project as part of its commitment to help reduce greenhouse gas emissions.
Business leaders urged to prioritize digital transformation efforts
THE PLDT group on Thursday urged business leaders across industries to prioritize digital transformation efforts to keep businesses relevant and resilient.
Aboitiz’s UBX leads move on gov’t’s digitalization
ABOITIZ group’s financial technology venture studio UBX announced on Thursday that it is leading a multi-sectoral initiative to drive digital transformation in government.
RFM income climbs 1.6% to P256M
RFM Corp. registered an attributable net income of P256 million in the third quarter, up by 1.6% from P252 million last year, after booking higher revenues.
Century Properties launches townhouse project in Mandaluyong
CENTURY Properties Group, Inc. has launched its Century NULIV brand with a low-density townhouse project behind its Acqua Private Residences in Mandaluyong City.
Phinma Corp. names new key officials
PHINMA Corp. has named a new chairman and president after its chairman, who held the post since 2003, stepped down early this year.
SMC unit’s perpetual securities ‘volatile’ — CreditSights
SMC Global Power Holdings Corp.’s perpetual capital securities are volatile in the short to medium term, credit research provider CreditSights said, as it withdrew its strong debt rating for San Miguel Corp. (SMC) on rising concerns over the conglomerate’s power arm.
How PSEi member stocks performed — October 27, 2022
Here’s a quick glance at how PSEi stocks fared on Thursday, October 27, 2022.
POGO exit’s impact on office vacancy ‘not sizable’
THE exit of Philippine offshore gaming operators (POGOs) will contribute to the rise of vacancy rates, especially in offices outside economic zones, but not in a sizable amount, Jones Lang Lasalle (JLL) said.
PLDT adds more subsea cable links in Palawan
PLDT, Inc. said on Wednesday that it is adding more than 500 kilometers of submarine fiber cable links in Palawan.