Home Tags Denise A. Valdez

Tag: Denise A. Valdez

Investors dig in ahead of FTSE rebalancing, BSP policy review

THE MAIN INDEX fell for the fourth straight day, below the 7,900 line, to mark its lowest point in 12 sessions, as investors kept watch of the Financial Times Stock Exchange (FTSE) rebalancing that takes effect on Monday and anticipated another interest rate cut when the Bangko Sentral ng Pilipinas (BSP) conducts its sixth policy review for the year next Thursday, Sept. 26.

Meat processors scrambling to save holiday sales amid provincial bans

THE meat processing industry is expecting at least a 5-10% reduction in the value of its annual production because of restrictions on processed meat products in selected provinces.

JG Summit names head of analytics arm DAVI, digital VC unit

JG Summit Holdings, Inc. is tapping a former executive of a PLDT, Inc. company to handle two of its data analytics and digital companies.

Rockwell Land lengthens term of Metrobank facility by 3 years

ROCKWELL Land Corp. is extending the expiration date of its long-term debt which it has been using to finance capital expenditures.

Gov’t awards Bulacan airport project to San Miguel

THE DEPARTMENT of Transportation (DoTr) awarded on Wednesday the P734-billion Bulacan airport project to private proponent San Miguel Holdings Corp.

San Miguel looking to build an elevated expressway on EDSA

SAN MIGUEL Corp. (SMC) is seeking to build an elevated expressway along Epifanio de los Santos Avenue (EDSA) as a direct alternative to the heavily congested 23-kilometer highway.

Revised Laguindingan airport terms under review

THE REVISED concession terms for the P42.7-billion Laguindingan airport proposal of Aboitiz InfraCapital, Inc. are now being reviewed by the Department of Transportation (DoTr), the agency said.

DoTr to modernize MRT-3 system with new cables

THE Department of Transportation (DoTr) is modernizing the signalling and communications system of the Metro Rail Transit Line 3 (MRT-3) with new fiber optic cables next week.

Aboitiz InfraCapital may venture into new sector

ABOITIZ InfraCapital, Inc. is seeking to expand its portfolio by tapping a new industry outside water, cement, airports and telco towers through an unsolicited proposal to the government.

Hearings set for 20% student airfare discounts

THE Civil Aeronautics Board (CAB) said it will conduct a public hearing on Wednesday to discuss the application of a new student fare discount law on air travel.

PHL nickel miners hopeful of better ore prices

NICKEL miners in the country may expect improved prices for ore in the near term as Indonesia sets an exporting ban for the mineral next year.

SEC greenlights Now Corp equity restructuring

NOW Corp. said it has erased its deficit of P402 million after it received approval from the Securities and Exchange Commission (SEC) to undergo equity restructuring.

SFEx expansion to be completed by Sept. 2020

NLEX Corp. is targeting to complete the P1.6-billion Subic Freeport Expressway (SFEx) capacity expansion project by September next year.

US carrier Delta plans to launch Manila-Seoul route

DELTA Air Lines is scheduled to launch flights linking Manila to Seoul, South Korea next year, while suspending the Manila-Narita service at the same time.

AirAsia PHL to mount daily Manila-Bacolod flights

AIRASIA Philippines is launching a new daily flight from Manila to Bacolod next month.

Hanjin creditors close to deal with investor on Subic shipyard

THE Subic Bay Metropolitan Authority (SBMA) said creditors are close to a deal for the takeover of Hanjin Heavy Industries and Construction Philippines, Inc., with foreign investors currently in talks with banks on how to proceed with the bankrupt shipbuilder’s facilities and work force.

Philippines most worried about data security — Unisys index

DATA BREACHES continue to be a major concern for Filipino consumers this year, a recent report on Philippine businesses and government agencies by Unisys Corp. found.

ABS-CBN signs deal for show distribution

ABS-CBN Corp. has signed a partnership deal with a French content distributor to air one of its local shows in territories in the Pacific and Indian areas.

Globe myBusiness partners with Facebook for MSMEs payments

THE enterprise arm of Globe Telecom, Inc. has partnered with Facebook, Inc. to offer payment solutions for micro, small and medium-sized enterprises (MSMEs).

GCash introduces new cash-in technology at Puregold

GLOBE Fintech Innovations, Inc. (Mynt) is introducing a new technology allowing GCash users to top-up their mobile wallets by scanning a barcode at Puregold Price Club, Inc.’s stores.

ISOC, Malaysia’s edotco form JV to build cell towers

THE tandem of Malaysia-based edotco Group Sdn Bhd and Filipino firm ISOC Infrastructure, Inc. has formed a joint venture (JV) to solidify its partnership as a telecommunications tower provider in the Philippines.

Philippines, Singapore, sign data agreement

THE PHILIPPINES and Singapore have agreed to share best practices in data protection and to combine efforts in data protection and cross-border data flow.

Forum highlights need for FIRe preparation

THE FOURTH Industrial Revolution (FIRe) is bound to hit more and more sectors in the Philippines, and the challenge now is to prepare them to take advantage of opportunities from this development, speakers said in BusinessWorld’s Industry 4.0 Summit at Shangri-La at the Fort, Taguig City on Monday.

Government renews Now Telecom’s CMTS license

VELARDE-LED Now Telecom Co., Inc. renewed its government license to operate as a telecommunications company last week.

Senate body not keen to grant emergency powers for traffic

THE Senate public service committee is not inclined to grant the Transportation department’s renewed plea for emergency powers to solve traffic congestion in the capital, a lawmaker said yesterday.

PHL, Morocco agree on direct flights

THE Philippine and Moroccan governments started air talks last week and agreed to allow direct flights between the two countries.

Kaspersky sees double-digit growth for PHL business

YANGON, MYANMAR -- Kaspersky is keeping its double-digit growth forecast for its Philippine business, amid the government’s efforts to boost cybersecurity awareness.

PHL hospitals remain vulnerable to cyber attacks

YANGON, Myanmar — Medical facilities in the Philippines will continue experiencing high rates of cyber attacks, with seven out of 10 medical machines compromised this year, according to data from cybersecurity firm Kaspersky.

PHL records highest number of phishing victims in the region

THE PHILIPPINES recorded the highest number of users victimized by online phishing attacks in the first half of the year, a report by cybersecurity firm Kaspersky said.

Bohol-Panglao airport can now handle night flights

THE Bohol-Panglao International Airport can now start accommodating flights at night, according to the Department of Transportation (DoTr).

PLDT, Google partner for MSMEs online listing

THE ENTERPRISE arm of PLDT, Inc. has entered a partnership with Google Philippines to offer an online business listing for micro-, small- and medium-sized enterprises (MSMEs).

Factories seen to face challenges

BUSINESS CONDITIONS for manufacturers in the Philippines can be expected to continue “modest” improvement in the face of an escalating Sino-US trade war that weighs on global growth prospects, a Cabinet official and private sector economists said on Tuesday.

Mobile data growth forcing telecom operators to innovate

LYSANDER R. BAGUE, a supervisor at a children’s hospital in Quezon City, has mastered the art of chatting using Facebook Messenger. He instantly reaches the people in his life by sending messages to friends and making audio and video calls to his family using the app, which is powered by his mobile data subscription.

IBPAP recalibrating industry growth targets

THE Information Technology and Business Process Association of the Philippines (IBPAP) will unveil in November the recalibrated forecasts on the near-term growth of the IT-BPM industry.

ABS-CBN maintains ratings lead in August

ABS-CBN Corp. maintained its majority hold of the national television audience for the month of August, while rival GMA Network, Inc. claimed the lead in Urban Luzon, citing different ratings providers.

Gov’t faces higher cost for MRT-3 O&M with use of China-made...

THE GOVERNMENT may have to pay a higher price for the operation and maintenance (O&M) of the Metro Rail Transit Line 3 (MRT-3) by Japanese contractors to accommodate the use of China-manufactured train sets.

PHL offers perks to lure start-ups from around the world

LIRON GROSS moved to the Philippines with her family in 2017 to start Payo, a start-up e-commerce payment solution.

PHL helps boost RedDoorz growth

THE PHILIPPINES is boosting the growth of hotel management start-up RedDoorz as it races to become its second largest market a year since the platform entered the country.

Philippine Airlines’ A321neo SR to be used for regional flights

PHILIPPINES Airlines (PAL) has started a new phase of its fleet modernization program with the receipt of a brand-new jet which it will use for regional flights.

LRT Cavite on track to start operations by Q4 of 2021

THE mounting of piles as foundation for the Cavite extension of the Light Rail Transit Line 1 (LRT-1) started over the weekend, the Department of Transportation (DoTr) said.

AirAsia PHL names new chairman

ORGANIZATIONAL changes continue for Philippines AirAsia, Inc. as the budget carrier announced over the weekend the appointment of corporate lawyer Joseph Omar A. Castillo as the new chairman of the board.

NAIA rehabilitation project award expected by early 2020

THE Ninoy Aquino International Airport (NAIA) rehabilitation project could be awarded to its private proponents by the first quarter next year at the latest.

DICT common-tower rules due by end-2019

THE rules governing the shared use of telecommunications towers will be issued within the year with a draft expected “in a few weeks,” the Department of Information and Communications Technology (DICT).

Philippines targets more markets for its products

THE PHILIPPINES is moving to expand the reach of its products, setting its sights on Africa, South Asia, Central Asia and Eastern Europe, the Department of Trade and Industry said in a statement on Thursday.

ABS-CBN starts rollout of TVplus Go units nationwide

ABS-CBN Corp. is now starting the nationwide rollout of the mobile version of TVplus boxes.