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Smart identifies 71 sites for common tower with partners

SMART Communications, Inc. said it has initially identified 71 sites for its common tower partnership with the joint venture of edotco Group Sdn. Bhd. and ISOC Infrastructure, Inc.

Subic-Clark cargo rail line construction seen starting in early 2020, DoTr...

THE China-funded Subic-Clark Railway Project is set to begin construction by the first half of 2020, the transportation department said.

LIPAD to take over Clark airport

THE consortium led by JG Summit Holdings, Inc. and Filinvest Development Corp. (FDC) is preparing to take over the operations and maintenance (O&M) of the Clark International Airport by the end of the week.

Dito finalizing partnerships as it prepares to launch by Q2

DITO Telecommunity Corp. said it is finalizing deals involving the lease of key infrastructure such as cell towers and data centers, as it prepares to launch by the second quarter of 2020.

Fresh funding round eyed for Voyager this year

PLDT, Inc.’s digital arm Voyager Innovations, Inc. is looking to secure fresh funding towards the end of 2019 to sustain its expansion in the coming year.

Antique Airport contractor to hire more labor, work longer hours

THE DEPARTMENT of Transportation (DoTr) said it is expediting development works at the Antique Airport, adjusting the completion timeline to June 2020, after asking the contractor to hire more workers and work longer hours.

Disappointing GDP data weighs further on investors’ mood

LOCAL EQUITIES mostly headed south as the week ended, extending weakness that marked Thursday as investors further digested news of the country’s slowing economic growth.

Surigao airport initial rehab seen complete by Dec.

SURIGAO Airport is scheduled to reopen for direct flights connecting to Manila by the end of the year with the expected completion of rehabilitation works on its runway.

RLC Q2 net profit rises 22% after opening four new malls

ROBINSONS Land Corp. (RLC) said net profit rose nearly 22% in the second quarter, reflecting the performance of its commercial centers business after the opening of four new shopping malls.

PSE revamps sectoral indices to admit Phinma Energy, DM Wenceslao, Sta....

THE Philippine Stock Exchange revamped its sectoral indices, admitting three new companies and removing one, while leaving the benchmark 30-member PSE index (PSEi) intact.

Cebu Pacific launches Narita, Bacolod, Iloilo services out of Clark

BUDGET carrier Cebu Pacific said it launched three new routes — two domestic and one international — out of Clark International Airport Friday.

Max’s Group net profit rises 9.4% in Q2 amid improved margins

Max’s Group, Inc. (MGI) said earnings grew 9.4% in the second quarter amid stronger margins due to improved product bundle offerings and heightened productivity from efficiencies realized at its commissaries and supply chain.

Shakey’s Q2 net profit rises 8% on store expansion

Shakey’s Pizza Asia Ventures, Inc. (SPAVI) said its net profit rose in the second quarter, reflecting the impact of its store network expansion.

PLDT profit increases 13% in Q2

PLDT, Inc. reported a 13% increase in earnings in the second quarter, as its consumer wireless business showed strong growth.

ICTSI sells 30% stake in operator of Motukea container terminal

A UNIT of International Container Terminal Services, Inc. (ICTSI) is selling its 30% stake in a company that operates the Motukea Port, Papua New Guinea.

2GO income falls in 2nd quarter

EARNINGS of 2GO Group, Inc. dropped by more than a third in the second quarter as costs grew mainly due to higher fuel prices.

Smart inks deal with common tower providers

PLDT, Inc. wireless unit Smart Communications, Inc. said Wednesday it has joined other network providers in signing deals with common tower companies.

Batangas port handles record throughput in 1st half

ASIAN Terminals, Inc. (ATI) said it handled a record throughput at the Batangas Container Terminal (BCT) in the first six months of 2019.

PCC seeks comments on 8990’s proposed settlement

THE Philippine Competition Commission (PCC) is inviting the public to comment on its proposed terms and conditions before allowing a property developer from settling its abuse-of-dominance case involving a condominium project in Manila.

DICT may issue new common tower policy

THE government is considering putting out a new draft policy on telecommunications infrastructure sharing in the next two months, after stakeholders sought firmer guidelines before committing major investments.

Smart rolls out VoLTE services in Metro Mla

SMART Communications, Inc. said it will now start offering its Voice over LTE (VoLTE) services to select subscribers in Metro Manila.

Cebu Pacific takes delivery of cargo plane

CEBU PACIFIC said it has recently taken delivery of its first aircraft that was converted into a freighter last year, as the Gokongwei-led carrier enters the cargo market.

Globe rethinks plan to lease tower assets amid lack of rules...

GLOBE Telecom, Inc. said it may put on hold its plan to lease or sell its tower assets, as the government is still finalizing rules on shared telecommunications infrastructure.

DTI sets ‘optimistic’ goals for e-commerce growth, to push further MSME...

THE government said Filipinos are growing increasingly confident in e-commerce transactions, and now believes the segment will be equivalent to about 40-50% of Gross Domestic Product by 2022, aided by an aggressive push to get small businesses to adopt the platform.

Subic terminal to admit containerized grain shipments

THE Subic Bay International Terminal Corp. (SBITC) said Tuesday it will start allowing the shipment of grain through containers, as opposed to the former practice of admitting cargoes only in bulk form.

Bell targets 5-6% growth in chopper sales in PHL

US helicopter manufacturer Bell Textron, Inc. expects to sustain a 5-6% growth in chopper sales in the Philippines over the next five years, as it sees a steady stream of orders from private and government clients.

Globe’s 917 Ventures to focus on non-telco services

GLOBE TELECOM, Inc. is strengthening its push for non-telecommunications related services, as it rebrands Globe Capital Ventures Holdings, Inc. (GCVH) as 917 Ventures.

Voyager appoints new president

VOYAGER Innovations, Inc. has appointed Shailesh Baidwan as president to help in the company’s day-to-day operations and in shaping its strategic business direction.

Philippines fifth on cyber-attack list

THE Philippines moved up to fifth place from ninth a year earlier in Kaspersky Lab’s global list of countries with most online threats detected in the second quarter of 2019.

Pag-IBIG taps PayMaya for payments

THE HOME Development Mutual Fund (Pag-IBIG Fund) is tapping PayMaya Philippines, Inc. for its digital financial services.

PAL eyes synergies, outsourcing as costs rise

WITH a new president at the helm, Philippine Airlines (PAL) is focusing on improving its finances to return to profitability, starting with possible cost synergies and outsourcing.

Smart makes 1st 5G standalone video call in SE Asia

SMART Communications, Inc. is continuing preparations for its fifth-generation (5G) rollout with the testing of standalone use cases of the network with technology partner Nokia Corp.

Globe posts flat earnings in Q2

GLOBE Telecom, Inc. reported flat earnings in the second quarter as ramped-up infrastructure spending dampened the growth in revenues.

Robinsons Retail earnings fall 33% in 2nd quarter

EARNINGS of Robinsons Retail Holdings, Inc. (RRHI) dropped in the second quarter despite higher sales due to the impact of a new accounting standard.

PhilWeb trims Q2 losses as e-bingo business grows

PhilWeb Corp. posted slimmer losses in the second quarter as revenues improved thanks to its foray into electronic bingo (e-bingo).

ABS-CBN keeps nationwide ratings lead in July

ABS-CBN Corp. maintained nationwide ratings lead in the month of July as rival GMA Network, Inc. claimed dominance in Urban Luzon and Mega Manila, citing different measurement reports.

Competition body speeds up PPP project checks

THE PHILIPPINE Competition Commission (PCC) has streamlined merger rules for solicited projects under public-private partnership (PPP), which is one of the financing modes for major infrastructure development.

PLDT-Smart expands with new lifestyle hub in Quezon City mall

PLDT, Inc. and its wireless unit Smart Communications, Inc. is expanding physical presence in the north with a new lifestyle hub in Quezon City.

Singapore Airlines, EastWest team up for co-branded card

SINGAPORE Airlines Ltd. and EastWest Banking Corp. have teamed up to introduce a co-branded credit card targeting frequent travelers.

San Miguel to bag Bulacan airport project with no bid contenders

SAN MIGUEL Holdings Corp. (SMHC) is all but certain to bag the contract for the P735-billion Bulacan airport project after its unsolicited proposal went unchallenged by the deadline to do so on Wednesday.

AirAsia PHL names new CEO

PHILIPPINES AirAsia, Inc. has undergone top-level leadership change with the appointment of a new chief executive officer (CEO), former PLDT Global Corp. executive, Ricardo “Ricky” P. Isla.

High delivery fees seen likely to cause Asia-Pacific online shoppers to...

ONLINE SHOPPERS in Asia Pacific are likely to be discouraged by high delivery fees, to the extent that they will readily consider slower, cheaper alternatives, sometimes if offered the proper incentives, United Parcel Service, Inc. (UPS) said, citing the results of a study.

Tiu’s Infradev inks 50-year deal for Makati subway

PHILIPPINE Infradev Holdings, Inc. signed yesterday its joint venture agreement (JVA) with the city government of Makati for the construction and operation of the $3.5-billion intracity subway project.

5G network now available in Pasig — Globe

GLOBE Telecom, Inc.’s fifth-generation (5G) network became commercially available in Pasig City over the weekend.

PLDT, Globe’s rating differential to narrow — Fitch

THE credit rating margin between rivals Globe Telecom, Inc. and PLDT, Inc. is expected to narrow in the next 18 months, as the Ayala-led telco shows improved cash flows.