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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.
THE China-funded Subic-Clark Railway Project is set to begin construction by the first half of 2020, the transportation department said.
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.
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.
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 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.
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.
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.
BUDGET carrier Cebu Pacific said it launched three new routes — two domestic and one international — out of Clark International Airport Friday.
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 Pizza Asia Ventures, Inc. (SPAVI) said its net profit rose in the second quarter, reflecting the impact of its store network expansion.
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.
ASIAN Terminals, Inc. (ATI) said it handled a record throughput at the Batangas Container Terminal (BCT) in the first six months of 2019.
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.
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.
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.
GLOBE TELECOM, Inc. is strengthening its push for non-telecommunications related services, as it rebrands Globe Capital Ventures Holdings, Inc. (GCVH) as 917 Ventures.
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.
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 Ltd. and EastWest Banking Corp. have teamed up to introduce a co-branded credit card targeting frequent travelers.
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.
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.
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.
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.