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Fiber optic cable thieves in Mindanao typify a phenomenon rising 26% across countries in 2023

Transport & Logistics Context.ph Context.ph -
Globe Telecom, in partnership with the North Cotabato Police Provincial Office, apprehended two suspects linked to a series of cable-cutting incidents.

Telco 5G data traffic posts 95% expansion each quarter in 2023

Transport & Logistics Context.ph Context.ph -
Smart Communications, Inc. (Smart) on Tuesday reported a significant increase in average monthly 5G data traffic throughout 2023, driven higher by a fast and reliable mobile network and strategic marketing initiatives.

Metrobank 1Q net income rise to P12 billion on loan, interest income growth

Banking & Insurance Context.ph Context.ph -
Metropolitan Bank & Trust Co., the country’s fourth largest lender by assets, said Tuesday net profit in the first quarter rose 15 percent to P12.0 billion on the back of increases in interest-earning assets and higher net interest margin.

BTR partially awards bond offer to cap interest rate rise

Banking & Insurance Context.ph Context.ph -
The Bureau of the Treasury rejected some of the bids for treasury bonds auctioned on Tuesday to help moderate the increase in average interest rates.

DA to implement 45-day youth internship program starting June

Agriculture Context.ph Context.ph -
The Department of Agriculture will soon accept applications for its 45-day Summer Youth Internship Program that will start in June.
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Lender adds stock trading feature to app

Banking & Insurance 0
GoTyme Bank has launched a new feature called PH Stocks, allowing users to trade shares directly within its mobile app.

Marcos cuts LPG, kerosene excise to ease costs

Energy & Mining 0
President Ferdinand Marcos Jr. on Monday ordered the removal of excise taxes on liquefied petroleum gas (LPG) and kerosene, a move aimed at easing household expenses while maintaining support for domestic producers.

Balisacan sees growth slowdown, downplays recession risk

Economy 0
Economic Planning Secretary Arsenio Balisacan said the Philippine economy is unlikely to slip into contraction this year despite mounting pressures from a fuel crisis, although growth is expected to fall short of earlier government targets.

DPWH eyes SLEX TR4 extension to Sorsogon; first phase set to open this year

Transport & Logistics 0
The Department of Public Works and Highways (DPWH) is planning to extend the South Luzon Expressway Toll Road 4 (TR4) up to Matnog, Sorsogon by next year.
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