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3-4 applicants good enough for ‘third player’ auction — DICT

THE Department of Information and Communications Technology (DICT) said it will consider the selection process for the new telecommunications industry entrant, the so-called “third player,” to be successful if it attracts three or four applicants.

SEC approves Globe’s cell tower company

THE SECURITIES and Exchange Commission (SEC) has approved the incorporation of Globe Telecom, Inc.’s new company that would build cellular towers, the telecommunications giant said on Wednesday.

Biz group backs SMC’s Bulacan airport plan

THE INTERNATIONAL Chamber of Commerce-Philippines (ICCP) expressed its support for San Miguel Corp.’s (SMC) proposed Bulacan International Airport — also called the New Manila International Airport — after the fiasco at the Ninoy Aquino International Airport (NAIA) over the weekend.

San Miguel may get go signal for TPLEx extension by next...

THE DEPARTMENT of Public Works and Highways (DPWH) said it is looking to give San Miguel Corp. (SMC) by next month the original proponent status (OPS) for its proposal to extend the Tarlac-Pangasinan-La Union Expressway (TPLEx).

More airport dev’t needed after NAIA closure

THE Department of Transportation (DoTr) said the disruption to air travel caused by the airport closure caused by the botched landing of a XiamenAir jet last week highlights the need to develop alternative gateways and upgrade systems at existing airports.

PSA preparing terms for national ID auction process

THE implementing agency for the Philippine Identification System Act said it is preparing the terms to auction the design contract for the infrastructure underlying the national identification (ID) system.

SC sets aside CA decision on PT&T rehab plan

THE SUPREME COURT (SC) has reversed the appellate court’s decision to junk Philippine Telegraph and Telephone Corp.’s (PT&T) rehabilitation plan, the telecommunications company said on Monday.

Gov’t considering penalties against XiamenAir

THE CHINESE AIRLINE whose disabled passenger jet caused the closure last Friday, Aug. 17, of a runway at the Ninoy Aquino International Airport (NAIA) apologized for that incident, even as Philippine officials mulled possible penalties against the company.

Nationwide round-up

A TRANSPORT group has filed a P5-million damage suit against Pwersa ng Bayaning Atleta (PBA) Party-list Rep. Jericho Jonas B. Nograles for his actions that supposedly led to the suspension of Grab Philippines’ (MyTaxi.PH, Inc.) P2 per minute charge.

PLDT, Smart on track to meet data service targets

PLDT, Inc. and wireless subsidiary Smart Communications, Inc. said the group is on track to meet its 2018 targets for the expansion of fixed and wireless networks in the country.

Quezon-Bicol road segments to tap non-PPP financing

THE Department of Public Works and Highways (DPWH) said the planned Quezon-Bicol Expressway (QBEx) will tap various modes of financing, and will not be a purely Public-Private Partnership (PPP).

Harbor Star acquires 30% stake in tugboat operator

HARBOR STAR Shipping Services, Inc. (HSSSI) on Thursday said it acquired 30% of Hi-Energy Marine Services, Inc. (HEMSI), a tugboat operator at the Manila South Harbor.

NLEX Harbor Link main line seen finished by end-2018

THE Department of Public Works and Highways (DPWH) said it has delivered 95% of the right-of-way required for the North Luzon Expressway (NLEX) Harbor Link Segment 10 and expects the main line in Valenzuela City to be completed by the end of the year.

LBC acquires courier unit in Malaysia

LBC Express Holdings, Inc. continues to consolidate its international affiliates, as it announced on Wednesday the acquisition of 92.5% of shares in Malaysia-based LBC Mabuhay.

PAL asks SEC to approve equity restructuring

PAL HOLDINGS, Inc. said it sought Securities and Exchange Commission’s (SEC) approval of a new equity restructuring plan.

MMDA says driver-only EDSA ban to continue as Senate leaders cite...

SENATE LEADERS on Wednesday filed a resolution “strongly urging” the Metro Manila Development Authority (MMDA) and its policy-making authority, the Metro Manila Council (MMC), to recall and suspend the ban on driver-only vehicles in EDSA during rush hours.

Nationwide round-up

LTO targets to distribute license plates from 2013 backlog THE DEPARTMENT of Transportation (DoTr) said the Land Transportation Office (LTO) is working to finally distribute...

AEV, Ayala submit unsolicited proposal for national ID system

A CONSORTIUM which includes the Ayala and Aboitiz groups submitted to the government an unsolicited proposal for the design and development of the national identification (ID) system.

GMA Network income increases 13% in 2nd quarter

GMA Network, Inc. recorded a 13% increase in its attributable net income to P800.344 million for the second quarter, as revenues recovered slightly.

Consumers becoming more aware of their social influence — Havas

FILIPINO consumers are becoming more aware of how their purchasing power can influence companies and promote products and ways of doing business that they support, a media communications company said, citing the results of a study.

Record cargo volumes drive Asian Terminal’s Q2 income higher

ASIAN Terminals, Inc. (ATI) saw an 18% rise in net income attributable to equity holders of the parent company during the second quarter, boosted by record-high cargo volumes.

Move to harmonize ride-sharing fares may nullify Grab petitions

THE Land Transportation Franchising and Regulatory Board (LTFRB) said it is conducting ongoing discussions to streamline fares for all transport network vehicle services (TNVS), a process which may invalidate Grab Philippines’ petitions to raise fares and reimpose its P2 per-minute trip duration charge.

Philippines no. 9 on most-attacked list online — Kaspersky Lab

THE Philippines was ninth in the world in terms of volume of online attacks during the second quarter, up from 44th a year earlier, cybersecurity company Kaspersky Lab said.

FinTech group supports Philippine ID system

A NATIONAL IDENTIFICATION (ID) system would allow more Filipinos to access financial services, according to FintechAlliance.PH Chairman Angelito “Lito” M. Villanueva.

More Chinese tourists seen to flock to Cebu in Q3

THE OPERATOR of the Mactan-Cebu International Airport (MCIA) expects an influx of Chinese tourists in the third quarter, as airlines launch more flights to China.

Competition watchdog approves Grab-Uber deal

THE PHILIPPINE COMPETITION COMMISSION (PCC) has cleared Grab Philippines’ (MyTaxi.PH Inc.) acquisition of the local business of Uber and Uber Systems, Inc., but will monitor for a year the former’s compliance with quality and pricing standards it had committed to.

Foreign investor group eyes majority stake in PLDT unit

A GROUP of foreign private equity investors is looking to acquire a majority stake in Voyager Innovations, Inc., according to PLDT Chairman, President and CEO Manuel V. Pangilinan.

Rising jet fuel prices drag Cebu Air income lower in 2nd...

CEBU AIR, Inc. reported a 39% drop in net profit to P1.87 billion in the second quarter, weighed down by rising fuel prices and weakening of the peso.

Accenture calls for job overhaul as response to automation, AI

COMPANIES must do their part to make the labor force more competitive in the age of automation and artificial intelligence (AI), professional services company Accenture said.

Modern jeepney firm gets LTFRB franchise

NEW TRANSPORT company EcoDyip, Inc. has been awarded by Land Transportation Franchising and Regulatory Board (LTFRB) a franchise to operate modern jeepneys dubbed “DyipKo” in two routes in Metro Manila.

Converge ICT will invest $1.8B to accelerate broadband rollout

CONVERGE ICT Solutions, Inc. is investing $1.8 billion for its broadband network expansion in the next five years, partnering with US, South Korean and Philippine companies for its nationwide rollout.

PT&T gets go-signal to exit corporate rehabilitation

THE Philippine Telegraph and Telephone Corp. (PT&T) said a Makati Regional Trial Court (RTC) granted its request to exit from court-assisted corporate rehabilitation, giving a boost to its plan to participate in the bidding for the third telecommunications player.

Globe Telecom earnings rise in 1st half

GLOBE TELECOM, Inc. said its net income grew by 21% to P9.8 billion in the first half, on the back of higher revenues as a result of growing data consumption.

DICT issues revised third player draft; bidding expected by October

THE Department of Information and Communications Technology (DICT) released a new draft memorandum circular (MC) outlining the selection terms for the third entrant in the telecommunications industry, which tightened some track-record requirements for prospective bidders while loosening some financial criteria.

ICTSI Q2 income up 3% on record revenues

INTERNATIONAL Container Terminal Services, Inc. (ICTSI) reported its attributable net income increased by 3% to $53.597 million in the second quarter, on all-time high revenues and volumes.

Smart says 92% of Metro Manila sites with LTE

PLDT, Inc.’s wireless mobile unit Smart Communications, Inc. said it has upgraded more than 92% of its sites in Metro Manila with Long Term Evolution (LTE) and LTE-Advanced (LTE-A) technology.

Right-of-way issue hounds MRT 7

CONSTRUCTION of the Metro Rail Transit Line 7 (MRT-7) -- a project designed to offer more public transport options north of Metro Manila -- could face delays on right-of-way questions involving the project’s planned depot in San Jose del Monte, Bulacan.

ABS-CBN income slumps in Q2

ABS-CBN Corp. reported a 61% drop in net income attributable to equity holders of the parent company during the second quarter, dragged by higher production costs.

DPWH on track to finish Boracay roads rehab

THE DEPARTMENT of Public Works and Highways (DPWH) said the rehabilitation work being undertaken on roads in Boracay will meet the October deadline, in time for the reopening of the island after a six-month closure.

MPTC unit mulls CAVITEx spur road to Sangley

A UNIT OF Metro Pacific Tollways Corp. (MPTC) is considering the construction of an eight-kilometer spur road from the Cavite Expressway (CAVITEx) to Sangley, Cavite.

NAIA consortium says SWS survey shows Filipinos still prefer NAIA

THE CONSORTIUM of seven of the country’s top conglomerates proposing to rehabilitate the Ninoy Aquino International Airport (NAIA) said more Filipinos still prefer the main Manila gateway over its alternatives in Clark, Sangley and Bulacan, citing data from a survey conducted by the Social Weather Stations (SWS) in March.

ABS-CBN, GMA clash over TV ratings in July

ABS-CBN Corp. and GMA Network, Inc. both claimed to lead in TV ratings in July, citing different audience management providers.

GMCAC says it is fixing gutter problem at MCIA

THE operator of the Mactan-Cebu International Airport (MCIA) said the flooding at the Terminal 2 on July 31 was caused by its contractor’s failure to follow the original design for the gutter system.

CAVITEx Phase 1 enhancements seen end-August

CAVITEX INFRASTRUCTURE Corp. (CIC) is looking to finish within the month the first phase of the P1.1-billion road enhancements being undertaken on the Cavite Expressway.

PT&T appeals for rehab exit

THE PHILIPPINE Telegraph and Telephone Corp. (PT&T) has appealed to the regional trial court (RTC) of Makati City to be allowed to leave its court-assisted corporate rehabilitation to proceed with its operations.