ABS-CBN to close remittance biz in US, Canada, Britain
MULTIMEDIA conglomerate ABS-CBN Corp. is folding down its remittance businesses in the United States, Canada and the United Kingdom, following a P16.18-million loss during their operations.
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MULTIMEDIA conglomerate ABS-CBN Corp. is folding down its remittance businesses in the United States, Canada and the United Kingdom, following a P16.18-million loss during their operations.
SMARTPHONE maker Philippine Oppo Mobile Technology Inc. may break its record sale of flagship mobile phones this year, a company official said, noting this could help the company achieve its goal of increasing its market share by five points at most for 2018.
Digital transformation—or DX—according to IDC, is the continuous process by which enterprises adapt to or drive disruptive changes in their customers and markets by leveraging digital competencies to create new business models, products and services. Simply put, DX seamlessly blends “digital and physical business and customer experiences while improving operational efficiencies and organizational performance.”
HOURS after the Land Transportation Franchising and Regulatory Board (LTFRB) ordered it to stop charging passengers an additional P2 per minute on rides, Grab Philippines said it will file an appeal before the regulator, asking it to rescind its directive as this could “affect the income of drivers.”
MULTIMEDIA conglomerate ABS-CBN Corp. is pumping in half a million pesos in additional investment in its cable and Internet businesses to expand the latter’s network coverage and capacity.
GLOBE Telecom Inc. sees a huge potential in the e-gaming industry, a budding sector in the Philippine that could generate millions of pesos in revenues from advertising, its president said on Thursday.
The government has tapped MRail Inc. and partner Multiscan Corp. for the P350-million replacement of the air-conditioning units of 10 train sets of the Light Rail Transit (LRT) Line 2.
THANKS to the efficiency of new container terminals (NCT) 1 and 2 in the Subic Freeport Zone, the Subic Bay International Terminal Corp. (SBITC) has strengthened its partnership with various shipping lines and logistics companies based in Asia.
DIGITAL services provider PLDT Inc. still finds its shares in Rocket Internet, a German tech company where it invested an initial amount of €333 million, as valuable and important.
DIGITAL payments provider PayMaya Philippines Inc. has struck a partnership agreement with Bounty Agro Ventures Inc. (Bavi) to offer a new mode of payment to customers of roasted chicken chain Chooks-to-Go.
WIRELESS services provider Smart Communications Inc. has partnered with tech giant YouTube to offer “free” online video streaming to its prepaid customers.
UBER has officially left the Philippines, defying the Philippine Competition Commission’s (PCC) order to continue operating independently while the antitrust body completes the review of the acquisition of Uber by rival Grab.
DIGITAL services provider PLDT Inc. plans to divest as much as two thirds of its shares in Rocket Internet for about €163.2 million (P12.08 billion) to fund its capital expenditures for 2018.
THE transportation department is taking drastic measures to ensure unloading incidents at the Metro Rail Transit (MRT) Line 3 will be lessened.
BUDGET carrier Philippines AirAsia is enhancing its route with the introduction of a new one from Cebu to Shenzhen, China.
DIVERSIFIED conglomerate San Miguel Corp. (SMC) assured on Thursday all workers and regular employees of the Boracay Airport will receive full salaries throughout the six-month closure of Boracay Island.
EQUITABLY allocating radio frequencies for mobile use in the Philippines could get a little messy, given the amount of opposition the government may get from current holders, but it must apportion them if the country wants to have new telco players in the market.
The transportation department has adopted a policy of publicly soliciting bids for the regional airports in the Philippines, with the P148-billion unsolicited proposal of an infrastructure-development company becoming the first offer to be rejected because of the new direction.
AIRASIA, the largest low-cost carrier group in Southeast Asia, has struck a partnership agreement with start-up innovation platform Plug and Play Tech Center to help scout the market for possible investments in the technology space.
The government and commercial airlines may seize a “golden opportunity” found in the province of Palawan, as the island could act as a buffer zone that could potentially reduce the impact of the closure of Boracay on the aviation and tourism sectors in the Philippines.
The Department of Transportation (DOTr) will prioritize the evaluation of the P350-billion unsolicited proposal of Naia Consortium for the redevelopment and expansion of the Ninoy Aquino International Airport (Naia), as it strictly follows the rules under the build-operate-transfer (BOT) law.
The buyout deal between Grab and Uber in the Philippines has left two regulators debating on the viability of the interim measures that the country’s competition watchdog wants implemented while its review is in progress.
WHILE the Philippine Competition Commission (PCC) intends to force Uber into continuing its operations in the Philippines, pending the review of its acquisition by rival Grab, both transportation network companies strongly opposed the interim measures proposed by the antitrust body.
THE Department of Transportation (DOTr) assured that it will follow legal protocols relating to the approvals process of unsolicited proposals, particularly for the redevelopment of the Ninoy Aquino International Airport (Naia), after one party raised concerns over the possible tarnishing of the process.
BUDGET carrier Cebu Pacific has become more bullish with the Australian market after outperforming its key competitors in the Manila-Sydney route in 2017, signaling that it is also set to do well with its forthcoming launch of services to Melbourne.
Grab has committed to take a cooperative stance in the review that will put to rest the competition issues raised by both the government and the riding public on its merger deal with Uber, a company official said.
Grab has informed the government that its merger deal with Uber falls below the thresholds set by the antitrust body for compulsory notification. Still, the Philippine Competition Commission (PCC) indicated it is bent on reviewing the transaction as it could lead into a “virtual monopoly” in the country’s ride-sharing market.
UPGRADING and modernizing the Ninoy Aquino International Airport (Naia) could generate “inclusive and significant economic growth,” an official of Naia Consortium said on Tuesday, as it renews its pitch to develop the decades-old facility that is currently overutilized but underdeveloped.
THE Land Transportation Franchising and Regulatory Board (LTFRB) will meet with officials from a budding transportation network company (TNC) on Thursday, increasing the number of new applicants that may replace Uber to four, an official said on Tuesday.
GIVEN that the merger between tech companies Uber and Grab have potential “far-reaching impact” on the market that will significantly dampen competition, the antitrust body said it is determined to put the deal under review.
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