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Tag: Arjay L. Balinbin

Pangilinan bullish on PLDT exceeding P30-B core profit guidance

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 eyes up to P16-B loan from banks

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.

ICTSI to spend up to $250M on projects, maintenance this year

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 targets up to 120Mbps in remote areas with new partner

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.

Globe closes P10-B term loan facility with Metrobank

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 stock rights offer starts

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

Nationwide round-up (03/03/21)

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.

Ports regulator sees long road back to recovery in cargo traffic

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.

DITO may start to offer home broadband services in 2022

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

Cebu Pacific removes change fees, hopes to restore passenger confidence

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

Japanese suppliers invited to bid for train set contracts of Malolos-Clark,...

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 board okays increase of authorized capital stock of preferred shares

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.

Greenergy to acquire 51% stake in U-Pay from ABS-CBN

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.

AirAsia’s logistics venture Teleport partners with McDonald’s for food delivery

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.

2GO Group says business may start to recover in latter part...

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.

ABS-CBN shutdown pulls down its tech partner Stratpoint’s revenue despite increased...

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.

Marikina River dredging to help prevent floods

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’s Township Transport, PITX sign interconnection deal

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...

PHL an ‘outperformer’ in frontier technology

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.

Cebu Pacific expects delivery of 8 aircraft this year

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

PLDT’s aviation arm PG1 readies for rise of air charter services...

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 starts servicing firms with ‘alternative to air freight’

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

Filipinos encountered more card skimmers online in 2020

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

Huawei says politicization of tech advancements a major challenge

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

IP E-Game seeks digital banking license

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).

Mindanao Rail construction timetable slips pending Chinese loan

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 available in Mindanao, Visayas starting March 8

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

Cavitex Infra hopes to meet original timeline for new segments of...

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.

Government to start work on 75 airport projects

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

NTC declares DITO compliant with speeds, coverage commitments

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 shouldn’t be led by politicians, says expert

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.

Metro Global’s proposed Baguio mass transport project set at P11.5B

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

Fintech skills now in high demand, PayMaya says

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.

Transport dep’t expects 65 railway contracts awarded by 2022

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.

DoTr starts seeking bidders for Cebu BRT package 1

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

Cebu-Cordova toll bridge seen ‘substantially completed’ by December

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.

SMEs not addressing clients’ preference for customer service apps

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.

MPIC leaves Bangkok’s AIF Toll Roads

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.

Eastern Communications sets P2.8-B for 2021 expansion

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

Kaspersky says threats targeting e-learning platforms are rising

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 Pacific operator sets final terms of stock rights offer

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.

MIAA can upgrade airport on its own, says Transport dep’t

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.

SMC ‘cashless’ tollways ready to implement 3-strike policy

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.

DPWH sets aside P1.2B for 82 infrastructure projects’ preliminary studies

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.

Cavite gov’t invites firms to bid for Sangley airport project

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).