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Telcos’ revenue growth seen stable next year

MOODY’S INVESTORS Service on Thursday said it expects the revenue growth of Philippine telecommunications companies to remain stable in 2021.

Globe signs P5-billion loan facility for capex

GLOBE TELECOM, Inc. announced on Thursday that it had signed a P5-billion loan facility with the Land Bank of the Philippines.

Modified LRT-6 unsolicited proposal being evaluated by NEDA

THE Transportation department said an unsolicited proposal to build the Modified Light Rail Transit (LRT) Line 6 is currently being evaluated by the National Economic and Development Authority (NEDA).

Filipino students falling behind in reading, writing levels in Southeast Asia

FIFTH GRADE STUDENTS in the Philippines are falling behind their counterparts in some Southeast Asian countries in reading, writing and mathematics, with a significant percentage of students still performing at levels expected in early years of primary education, a regional study showed.

PLDT ranked as fourth in top 100 ‘most influential’ ICT companies...

PLDT, Inc. announced on Thursday that it ranked fourth out of the top 100 “most influential” information and communications technology companies worldwide in the 2020 Digital Inclusion Benchmark of the World Benchmarking Alliance.

PHL firms lack skilled personnel to deal with cybersecurity risks

Philippine firms still lack skilled personnel capable of handling cybersecurity risks, especially during the pandemic crisis where many companies have become more vulnerable to cyberattacks, industry leaders said.

NOW Corp., Nokia ink deal on 5G collaboration

NOW CORP. on Wednesday said it signed a memorandum of understanding with Nokia Solutions and Networks Philippines, Inc. and NOW Telecom Company, Inc. for its network expansion plan.

Regional Updates (12/02/20)

THE German government will provide a grant that will protect the state-run Philippine General Hospital (PGH) from flooding by April 2021.

PAL ready to offer nonstop flights as gov’t eases travel requirements

PHILIPPINE AIRLINES (PAL) on Tuesday said it is ready to offer nonstop flights after the government allowed the visa-free entry of returning Filipinos or “balikbayans” beginning Dec. 7.

Globe network upgrades done by 2021

GLOBE TELECOM, Inc. is expecting to complete its network upgrades by next year to offer a “dependable” telecommunications service to customers, as they continue to adopt digital solutions for their everyday needs, its top official said.

Operations at MRT-3 resume on Dec. 1 after major repairs

THE METRO Rail Transit Line 3 (MRT-3) will resume operations on Dec. 1 after repair works at the Taft section were completed, according to the Transportation department.

Regional Updates (11/30/20)

THE Baguio City government is not abandoning its plan to reopen the Loakan Airport for commercial flights, City Mayor Benjamin B. Magalong said.

Naval Group hopes to help modernize PHL capabilities

FRANCE-BASED shipbuilder Naval Group is looking to open an office in Manila as part of its plan to help the country in improving its naval capabilities.

Assistance to shipping industry to take form of subsidized port fees

THE Philippine Ports Authority (PPA) said the shipping industry will receive assistance from the government’s second stimulus package in the form of subsidized port fees.

Philippine-German companies see zero, lower investment

Almost half of German companies and their partners in the Philippines expect zero or lower investment in the next 12 months as economic recovery...

Cebu Pacific, GenSan to start trial of ‘test before boarding’ on...

Budget carrier Cebu Pacific announced on Friday that it would be working with the local government of General Santos City and the Philippine Airport...

Globe says acquisition of tech firm Cascadeo completed

Globe Telecom, Inc. has officially completed the acquisition of US-based cloud managed services provider Cascadeo, the Ayala-led telecommunications company said on Friday. “The collaboration between...

ICTSI raises nearly P5B in share sale

LISTED port operator International Container Terminal Services Inc. (ICTSI) said on Thursday it had entered into a placement agreement for the sale of its 40 million treasury shares to raise funds for general corporate purposes.

Subic expressway expansion 85% complete

NLEX CORP. said on Thursday its P1.6-billion Subic Freeport Expressway (SFEX) Capacity Expansion Project is now 85% complete.

PAL eyes court protection from creditors, says DoF

PHILIPPINE AIRLINES (PAL) is planning to seek court protection from creditors as it works on a debt restructuring plan, Finance Secretary Carlos G. Dominguez III said on Wednesday.

Kaspersky sees emergence of new cyberattack strategies in 2021

INTERNET SECURITY firm Kaspersky on Monday said it expects new cyberattack strategies to emerge next year, which will mainly target network appliances and 5G.

Cavite to evaluate validity of MacroAsia-China firm consortium agreement

THE provincial government of Cavite said on Wednesday, MacroAsia Corp. and its partner China Communications Construction Co. Ltd. (CCCC) have formally submitted their consortium agreement.

Palo Alto seeks to protect 5G-enabled PHL enterprises from threats

AMERICAN multinational cybersecurity company Palo Alto Networks, Inc. is seeking to work with Philippine businesses for protection against cyber threats as they adopt 5G technology to accelerate their digital transformation journey.

Operators ready for cashless toll by Dec. 1 — regulator

THE TOLL Regulatory Board (TRB) on Wednesday said toll operators are ready to enforce cashless transactions starting Dec. 1 amid a coronavirus pandemic.

Megawide says NAIA rehab proposal still valid

MEGAWIDE Construction Corp. said its proposal to rehabilitate the Ninoy Aquino Airport (NAIA) remains valid.

Angkas granted provisional authority to operate till Dec. 9

THE Transportation department announced Tuesday that the technical working group overseeing the operations of motorcycle taxis has granted Angkas (DBDOYC, Inc.) a provisional authority to operate until Dec. 9.

Bids sought for parts of South Commuter Railway project

THE Transportation department has started seeking bidders for the construction of viaducts, bridges, nine stations, and a depot for use by the South Commuter Railway project.

AirAsia expects return of normal travel behavior by 2022

AIRASIA Group Berhad continues to focus on survival and restructuring, as travel behavior is expected to return to normal by 2022, its top official said.

DPWH, PPP Center start gauging investor interest in road projects

THE Department of Public Works and Highways (DPWH) and the Public-Private Partnership Center (PPP Center) said Monday that they are gauging investor interest in three proposed big-ticket expressway projects — the Pacific Eastern Seaboard Expressway, the Metro Cebu Expressway, and the Davao-Digos Expressway.

Cavite sees ‘signs’ to seal JV for Sangley airport

THE Cavite government sees “signs” that it will finally seal a joint venture (JV) agreement by Nov. 24 with MacroAsia Corp. and its partner China Communications Construction Co. Ltd. (CCCC) for the $10-billion Sangley Point International Airport project.

SMC vows stricter measures after Skyway accident

SAN MIGUEL Corp. (SMC) President and Chief Operating Officer Ramon S. Ang on Sunday said the company and its contractor EEI Corp. will be implementing “stricter” safety measures at the  Skyway Extension project site after an accident that resulted in one fatality and four injuries.

TNT to dominate market by yearend — Smart

TELCO brand TNT is expecting to dominate the market by the end of 2020 after it gained the most subscribers in the third quarter of the year, Smart Communications, Inc. said.

Alibaba Cloud targets 5,000 local firms on digital transformation

CHINESE cloud computing company Alibaba Cloud, a subsidiary of Alibaba Group, said Thursday that it is targeting to support 5,000 Philippine enterprises on their digital transformation journey.

ABS-CBN starts subscription-based streaming service for global viewers

ABS-CBN CORP. launched on Thursday a subscription-based streaming service for its global viewers.

Grab readies platform’s new safety and security features

SINGAPOREAN multinational ride-hailing company Grab Holdings, Inc. is adding new safety and security features to its platform, including gesture-less verification, crash-detection, and unusual-ride termination features, a company official said.

Local airlines to transport tourists to Bohol soon

LOCAL airlines will soon start operating flights between Manila and Bohol, as the island-province reopens its doors to tourists beginning Nov. 15.

New data center to protect users from internet outage — Converge

CONVERGE ICT Solutions, Inc. will put up another data center to protect its subscribers from internet outages in the future, its top official said.

Globe Telecom says 5G service now covers 17 cities nationwide

GLOBE Telecom, Inc. announced on Wednesday that its commercial 5G service is now available in “17 cities” nationwide.

Local digital economy to hit $28B by 2025 — study

THE Philippine digital economy’s gross merchandise value (GMV) is seen to hit $28 billion in 2025, accelerating to a 30% compound annual growth rate (CAGR), driven by the growth in new digital consumers, the latest e-Conomy Southeast Asia report by Bain & Company, Google, and Temasek said.

Chelsea’s losses hit P1.3 billion after global health crisis’ impact

LOSSES of Chelsea Logistics and Infrastructure Holdings Corp. for the third quarter widened to P1.32 billion due to the adverse effects of the global health crisis on its operations.

Philippine Infradev swings to loss as revenues drop in third quarter

PHILIPPINE Infradev Holdings, Inc. on Tuesday reported a net loss attributable to parent equity holders of P779,527 for the third quarter, reversing net earnings of P2.27 billion a year ago.

Swiss challenge for NAIA rehab seen completed by Q1

MEGAWIDE CONSTRUCTION Corp. expects the Swiss challenge for the P109-billion Ninoy Aquino International Airport (NAIA) rehabilitation project to be completed in the first quarter of 2021.

ABS-CBN swings to loss as ad, consumer revenues fall

ABS-CBN Corp. swung to a net loss in the third quarter as advertising and consumer revenues dropped after the closure of its broadcast and digital TV operations, and amid the public health crisis.

Chelsea cost-cutting continues after ‘disappointing’ results — CEO

CHELSEA Logistics and Infrastructure Holdings Corp. said on Monday it would continue with cost-cutting measures to improve its financial health, as it expects to recover from the effects of the global health crisis in the second half of 2021.

ATI net income grows nearly 15% as trade volume starts to...

ASIAN TERMINALS, Inc. (ATI) on Monday reported a 14.8% increase in its attributable net income for the third quarter to P812.10 million as trade picked up with the easing of lockdown measures.