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SPNEC under MVP in 2023 posted profits reaching P5.7 billion

SP New Energy Corp. (SPNEC), the listed renewable energy company now chaired by Manuel V. Pangilinan, reported net income of P5.7 billion in 2023.

Fraud-linked mobile numbers purged from Smart

Smart Communications Inc. on Wednesday bared blocking over 13 million spam text messages  and blacklisted nearly 200,000 mobile numbers linked to phishing activities in the first quarter of 2024. 

Globe closes sale of 90 towers to PhilTower for P1.3 billion; nears deal completion

Globe Telecom Inc. said Wednesday it completed the sale of 90 telecommunications towers worth around P1.3 billion to Phil-Tower Consortium Inc.

Two-month cash remittances rise 2.8% to $6.1 billion

The personal remittances of overseas Filipinos, an important source of liquidity helping drive consumption activities, grew 3 percent in February this year to USD2.95 billion.

Growth across ASEAN 5 seen accelerated to 4.5 percent in latest WEO projections

Economic growth across the ASEAN 5, collectively measured in terms of the gross domestic product (GDP) and which includes the Philippines, were to accelerate from last year's 4.1 percent to 4.5 percent this year, according to calculations by the International Monetary Fund (IMF) in the latest iteration of the World Economic Outlook projections.

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PickUp Coffee brews a cross-Pacific play, establishes network in Mexico

In a country that treats coffee as both ritual and right, Philippine upstart PickUp Coffee is making a surprisingly smooth entrance. Its secret is not a rare bean or barista theatrics. It is speed, price discipline, and an instinct for where the line will form next.

PAL opens new route to Palau, resumes Saipan flights

The Philippine Airlines (PAL) has launched a new route connecting Manila to Palau, expanding its reach in the Pacific region. Palau, particularly its main hub Koror, is known for its rich marine life and popular diving spots.

Globe launches new postpaid plans with more flexible features

Globe Telecom has introduced new features and benefits for its postpaid customers, aiming to offer more flexibility, better connectivity, and added long-term value.

Government warns Meta: curb oil crisis disinformation now

The Philippine government has directed Meta Platforms, Inc. to strengthen its safeguards against the spread of false and panic-inducing content tied to the ongoing oil crisis, warning of potential legal action if the company fails to act swiftly.
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