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ABS-CBN sound stages finally open in Bulacan

ABS-CBN Corp. on Wednesday inaugurated two sound stages in San Jose del Monte City, Bulacan, which the multimedia giant says will help reduce production costs of its television shows and movies.

Angkas operations stopped anew after SC issues TRO

ANGKAS is once again prohibited from operating, as the Supreme Court (SC) decision effectively allowed the Land Transportation Franchising and Regulatory Board (LTFRB) to apprehend the motorcycle-hailing company’s bikers.

Facebook says instant messaging an emerging tool for transactions

FACEBOOK PHILIPPINES said its messaging platform Messenger is starting to gain credibility as a channel for business transactions, noting it is recording more than 10 billion messages between individuals and businesses on the platform every month.

Honeywell expects strong revenue growth in PHL

DIVERSIFIED products and technology company Honeywell International Philippines, Inc. opened its central office in Taguig City on Tuesday, a sign of its bullish outlook on the country.

PAL, CebuPac expect better Q4

THE listed operators of Philippine Airlines (PAL) and Cebu Pacific expect to see better financial performance in the fourth quarter, as jet fuel prices have gone down.

PLDT closes IFC’s $40-M investment in Voyager

INTERNATIONAL Finance Corp. (IFC) and IFC Emerging Asia Fund has completed their $40-million investment in Voyager Innovations, Inc., according to the tech company’s parent PLDT, Inc.

DoT, DoTr to harmonize airport dev’t policies

THE Department of Tourism (DoT) and the Department of Transportation (DoTr) said they are looking to harmonize policy that will determine priorities for airport development.

PCC wins ISO certification for quality management

THE Philippine Competition Commission (PCC) has received an International Organization for Standardization (ISO) 9001:2015 certification for its Quality Management System (QMS).

Converge willing to partner with Mislatel consortium

FIBER INTERNET provider Converge ICT Solutions, Inc. said it is open to partnering with the Mislatel Consortium, which is expected to start operations next year.

Cebu Pacific mounts Cebu-Macau direct flights

CEBU PACIFIC began offering direct flights between Cebu and Macau last Friday.

Converge upgrades internet speeds for subscribers

CONVERGE ICT Solutions, Inc. is upgrading its internet speeds at no cost to its subscribers in a bid to expand its subscriber base as it rolls out services in more parts of the country.

Logistics costs in Philippines significantly higher than Indonesia, Vietnam, Thailand —...

PHILIPPINE manufacturing companies face significantly higher logistics costs than those in Indonesia, Vietnam and Thailand, according to a report released by the Department of Trade and Industry (DTI) on Thursday.

Sophos flags emergence of targeted cyber attacks

CYBERSECURITY COMPANY Sophos said next-generation technology is needed to address new types of cyber attacks, which it found are starting to be more targeted based on its 2019 Threat Report.

PT&T to venture into e-payments

PHILIPPINE Telegraph and Telephone Corp. (PT&T) is poised to foray into digital payments with its new deal with Paynamics Technologies, Inc.

Microsoft inks agreement with AIM to assist start-ups

MICROSOFT Philippines is offering its technological expertise and cloud solutions to the Asian Institute of Management (AIM) — Dado Banatao Incubator, the school’s program that helps start-ups scale their businesses.

LTFRB cancels franchises of Dimple Star for fatal road crashes

THE LAND Transportation Franchising and Regulatory Board (LTFRB) has revoked the franchises of Dimple Star Transport Corp. following multiple road accidents involving its provincial buses that resulted to deaths and injuries.

TV ratings war continues in November

THE two major broadcast networks ABS-CBN Corp. and GMA Network, Inc. kept its neck-and-neck battle for audience share as both claimed ratings lead in the month of November, citing different reports from third-party data providers.

PLDT closes deal to acquire minority stake in Multisys

PLDT, Inc. said on Tuesday it has completed the acquisition of a minority stake in information and IT solutions provider Multisys Technologies Corp.

Gov’t rolls back fare of jeepneys

THE GOVERNMENT has approved a provisional rollback of fares for public utility jeepneys (PUJ) in Metro Manila, central and southern Luzon to P9 from P10, following the continuing decline in diesel pump prices.

Grab Philippines teams up with IDOOH

GRAB PHILIPPINES (MyTaxi.PH, Inc.) said on Monday it is partnering with media technology company IDOOH International for the distribution of in-car display tablets in its vehicles.

AirAsia named world’s best low-cost carrier

AIRASIA Group said it won its sixth consecutive title as the world’s leading low-cost airline at the World Travel Awards (WTA) Grand Final 2018.

PLDT eyes higher capex for 2019

PLDT, Inc. is looking to increase its capital expenditure (capex) for 2019, a significant amount of which will be used to fund its wireless business and its fifth generation (5G) network rollout.

LRMC counts cost of delay in gov’t approval of LRT-1 fare...

LIGHT RAIL Manila Corp. (LRMC), the private operator of the Light Rail Transit Line 1 (LRT-1), said it has incurred a “fare deficit” of about P100 million for the three quarters of 2018 due to the government’s delay in granting its fare hike petition.

Telco frequency redistribution policy expected by 1st quarter

THE Department of Information and Communications Technology (DICT) said it will be releasing by the first quarter of 2019 a new policy that would allow it to take back and redistribute radio frequency currently controlled by telecommunications companies, possibly opening the door for even more telecommunications companies.

LRT-1 operator to spend P100M for CCTV system

LIGHT RAIL Transit Line 1 (LRT-1) operator Light Rail Manila Corporation (LRMC) said it is allocating P100 million to upgrade its surveillance system.

Local firms bid for Antique, Bukidnon airport projects

SEVERAL companies participated in the Department of Transportation’s (DoTr) bidding for the airport projects in Antique and Bukidnon.

Tencent, KKR complete $175-M investment in PLDT’s Voyager

CHINESE tech company Tencent Holdings Ltd. and investment firm Kohlberg Kravis Roberts & Co. (KKR) on Wednesday completed its $175-million investment in Voyager Innovations, Inc., according to PLDT, Inc.

Smart makes first video call on 5G connection in Philippines

PLDT, Inc. and its wireless unit Smart Communications, Inc. made its first fifth generation (5G) to 5G video call on Wednesday, two weeks after it fired up its first 5G cell sites in Makati City and Clark, Pampanga.

5G to boost mobile networks’ performance versus WiFi

MOBILE NETWORK is starting to beat with WiFi connection in terms of average download speed in most parts of the world, with the emergence of fifth generation (5G) network seen to keep this trend going, wireless coverage mapping firm OpenSignal found in a recent study.

Harbor Star gets two new ships

HARBOR STAR Shipping Services, Inc. said it took delivery of its two new boats at the Port of Batangas last week, which will be used at the newly inaugurated Cavite Gateway Terminal.

Converge ICT launches WiFi mesh with Linksys

CONVERGE ICT Solutions, Inc. launched on Wednesday a new product meant to improve WiFi coverage at home through a wireless mesh network.

AF Payments sees beep card user growth at 1-2%

AF PAYMENTS, Inc., the company behind tap-and-go payment system “beep,” said it has sold more than five million cards as of November 2018 and expects user growth at 1% to 2% annually.

Grab expands taxi services to Subic

GRAB Philippines (MyTaxi.PH, Inc.) said on Tuesday it has started offering its GrabTaxi services at the Subic Bay Freeport Zone, the 12th city in the Philippines where it operates.

Airlines move flights to New Panglao airport

LOCAL airlines on Tuesday are moving flights to the new Bohol (Panglao) International Airport following the closure of the Tagbilaran Airport, which used to be the main gateway to the Bohol island.

PLDT’s Voyager gets $40-M investment from IFC

THE World Bank’s sister organization International Finance Corp. (IFC) and IFC Emerging Asia Fund are investing $40 million in PLDT, Inc.’s technology unit Voyager Innovations, the telecommunications giant said on Monday.

Bohol’s new international airport opens today

THE NEW Bohol-Panglao International Airport is scheduled to be inaugurated Tuesday, Nov. 27, opening a gateway for up to two million travelers annually.

PCC says third-player success to depend on regulatory reform

THE Philippine Competition Commission (PCC) said policy reforms are needed in the Department of Information and Communications Technology (DICT) and the National Telecommunications Commission (NTC) to ensure that the telecom industry’s third player can compete effectively with incumbents PLDT, Inc. and Globe Telecom, Inc.

Cavite barge terminal seen reducing road traffic

THE NEWLY inaugurated Cavite Gateway Terminal (CGT) is expected to reduce road traffic by up to two kilometers of trucks every day, or 140,000 fewer truck trips every year, the Department of Transportation (DoTr) said in a statement on Friday.

PHL online hiring up 3% in Q3: Monster.com

ONLINE HIRING in the Philippines rose 3% in the July to September period on the back of expectations that the country’s gross domestic product (GDP) would maintain a steady growth next year, a report by job hunt website Monster.com said.

EEI acquires biotech company

EEI Corp. said on Friday it will buy majority stake in Biotech JP Corp. as part of efforts to diversify its business.

Fitch Solutions: Duterte’s pivot has risks

MANILA’s warming ties with Beijing will likely yield economic benefits “in the near term,” but risks lurk behind such pivot especially if executed to the exclusion of the Philippines’ traditional economic partners in the West, Fitch Solutions said in a Nov. 21 note e-mailed to journalists on Thursday.

Forum notes lack of awareness of growing cybersecurity threats

THE GROWING USE of digital technology has not been matched by adequate awareness of attendant threats, according to speakers at BusinessWorld’s first Cybersecurity Forum held at the Dusit Thani Manila in Makati City on Thursday.

AirTaxi.ph adds new H130 to fleet

CHARTER flights operator AirTaxi.ph is expanding its fleet with the acquisition of a new single-engine helicopter from Airbus.

Firms ask Palace to clamp down on ‘exorbitant’ shipping

BUSINESSES have called on the President to order the Maritime Industry Authority (MARINA) to exercise its regulatory authority over shipping companies and clamp down on “exorbitant destination charges.”

PHL signs new air deal with Switzerland

THE Philippines and Switzerland signed on Tuesday a new air services agreement allowing unlimited flights between the two countries except on the Manila-Zurich route.