Tag: Arjay L. Balinbin

PLDT, Inc. is hoping to exceed its core profit guidance of P29-30 billion for 2021 despite the “worrisome” economic outlook, its top official said.

CEBU PACIFIC, operated by Cebu Air, Inc., is in discussions with various banks for up to P16 billion in financing amid a public health crisis that has battered commercial airlines, a company official said.

RAZON-LED International Container Terminal Services, Inc. (ICTSI) on Thursday said it expects to spend about $250 million this year, mainly for its ongoing and new expansion projects, equipment acquisitions and upgrades, and maintenance requirements.

GLOBE TELECOM, Inc. said Thursday it targets an average download speed of up to 120 megabits per second (Mbps) in remote areas of the country with its partnership with Curvalux, a manufacturer of next-generation wireless broadband technologies.

AYALA-LED Globe Telecom, Inc. said on Wednesday it had signed a term loan facility with Metropolitan Bank & Trust Co. for P10 billion.

CEBU AIR, Inc. (CEB), the listed operator of budget carrier Cebu Pacific, announced on Wednesday the start of its stock rights offer period.

VEHICLE inspection center owners are proposing a revised private motor vehicle inspection program to President Rodrigo R. Duterte, as daily inspections have drastically declined from 100 to five.

THE Philippine Ports Authority (PPA) said Wednesday that it may take time for cargo traffic to recover to pre-pandemic levels, projecting growth of only 7% this year.

TELCO startup DITO Telecommunity Corp. may start offering home broadband services next year, a company official said.

BUDGET carrier Cebu Pacific announced on Tuesday the permanent removal of its change fees.

THE GOVERNMENT is seeking bids from Japanese suppliers for the contract to supply train sets for the Malolos-Clark Railway Project and the North-South Railway Project-South Commuter line.

MEGAWIDE Construction Corp. on Monday said its board of directors recently approved a resolution that seeks to increase its authorized capital stock of preferred shares.

ABS-CBN Corp. said Monday Greenergy Holdings, Inc.(GHI)  is acquiring a majority stake in U-Pay Digital Technologies, Inc., the media company’s joint venture with iBayad Online Ventures, Inc.

Teleport, the logistics venture of low-cost carrier AirAsia, and fast-food chain McDonald’s Philippines signed a partnership agreement on Monday for deliveries of meals.

WITH the coronavirus vaccine rollout seen happening soon, 2GO Group, Inc. expects its business to start recovering in the latter part of the year, its chief operating officer said.

SOFTWARE company Stratpoint Technologies, Inc. said the shutdown of the broadcast operations of its partner ABS-CBN Corp. had heavily impacted its revenue last year despite the rapid increase in technology demand triggered by the pandemic crisis.

The Department of Public Works and Highways on Friday said it had started dredging the Marikina River to expand its capacity in handling rainwater...

Megaworld Corp.’s terminals arm Township Transport Terminal, Inc. signed a memorandum of understanding with Parañaque Integrated Terminal Exchange (PITX) for terminal interconnection, a company...

THE Philippines is considered among developing countries that performed better on frontier technologies than their per capita gross domestic product (GDP) would suggest, a 2021 report by the United Nations Conference on Trade and Development (UNCTAD) showed.

BUDGET carrier Cebu Pacific is expecting to take delivery of eight more aircraft this year despite the ongoing pandemic crisis.

PLDT, Inc. said its aviation arm, Pacific Global One Aviation (PG1), is now preparing itself to take advantage of the rising demand for air charter services.

2GO Group, Inc. said it has started servicing pharmaceutical and e-commerce companies with its “alternative to air freight” called 2GO CabinCargo.

FILIPINO internet users who encountered online credit card skimmers increased by 20% in 2020, internet security firm Kaspersky said.

CHINESE multinational technology company Huawei Technologies Co. Ltd. said countries should address the politicization of technological advancements.

LISTED IP E-Game Ventures, Inc. announced on Wednesday that it is applying for a digital banking license with the Bangko Sentral ng Pilipinas (BSP).

THE Department of Transportation (DoTr) said the construction start for the Mindanao Railway project is waiting on the completion of negotiations for a Chinese loan.

DITO Telecommunity Corp. is set to start commercial operations in 17 cities and municipalities in Mindanao and the Visayas on March 8.

CAVITEX INFRASTRUCTURE Corp. (CIC) said Tuesday that it hopes to meet its original timeline for building new segments of the Manila-Cavite Expressway (Cavitex) C5 Link Expressway, despite disruptions caused by the pandemic.

THE Department of Transportation on Monday said it will soon begin work on 75 more airport projects.

THE National Telecommunications Commission (NTC) declared DITO Telecommunity Corp. compliant with its requirement to cover 37.03% of the country’s population and provide a minimum average broadband speed of 27 megabits per second (Mbps) in its first year of service.

URBAN PLANNING in the Philippines is often dictated by the whims of politicians, who fail to take into account traffic, commerce, and the environment, an urban planning expert said.

LISTED Metro Global Holdings Corp. is proposing an P11.5-billion mass transport project, which includes an electric-powered monorail system, in Baguio City.

THE transformational impact of the coronavirus pandemic on how Filipinos access financial products and services has increased demand for financial technology (fintech) skills, digital payments firm PayMaya Philippines, Inc. said.

THE number of rail contracts to be awarded by the Department of Transportation (DoTr) is projected at 65 by 2022, more than double the current level.

THE Transportation department has started seeking bidders for the first package of the World Bank-funded Cebu Bus Rapid Transit (Cebu BRT) project.

THE P30-billion Cebu-Cordova Link Expressway (CCLEx), which is expected to ease the worsening traffic in Metro Cebu and help stimulate economic growth in the Visayas, is expected to be “substantially completed” in December, its developer said.

SMALL-BUSINESS clients have expressed a preference for dealing with such companies via applications rather than customer service representatives, Microsoft Corp. said, but the adoption of such technology by small- and medium-sized enterprises (SMEs) is lagging.

METRO Pacific Investments Corp. (MPIC) on Wednesday said its tollways unit Metro Pacific Tollways Corp. (MPTC) sold 100% of its stake in Thailand’s AIF Toll Roads Holdings Co., Ltd. for $149.25 million.

TELECOMMUNICATIONS service provider Eastern Communications said it is allotting P2.8 billion for its expansion plans this year.

INTERNET SECURITY firm Kaspersky said cyberattacks on the education sector continue to rise as schools pursue a hybrid model of learning amid a pandemic crisis.

CEBU AIR, Inc., the listed operator of budget carrier Cebu Pacific, announced Wednesday the final terms of its stock rights offer to raise almost P12.5 billion, partly aimed at addressing the impact of the pandemic crisis on its operations.

THE MANILA International Airport Authority (MIAA) can rehabilitate the Ninoy Aquino International Airport (NAIA) on its own, after completing the upgrade of airside facilities, the Transport department said.

SAN Miguel Corp. (SMC) on Tuesday said it is ready to comply with the planned implementation of a “three-strike” policy for erring motorists who use cashless lanes.

THE Department of Public Works and Highways (DPWH) said Tuesday that it has a 2021 budget allocation of P1.23 billion for preliminary studies required to implement 82 big-ticket projects.

THE Cavite provincial government is once again inviting firms to submit joint venture proposals for the Sangley international airport project, less than a month after it canceled an earlier deal with MacroAsia Corp. and China Communications Construction Company (CCCC).