Globe bares diminishing capex and shift to optimal network deployment
Globe Telecom has recalibrated its capital expenditure (capex) this year and the years forward and has prioritized network efficient investments to fuel future growth and enhance the digital lives of Filipinos.
PLDT opts out of deal with ABS-CBN on sale of Sky Cable
PLDT Inc. said Thursday it has called off a P6.75-billion deal with ABS-CBN Corp. for the acquisition of the broadband business Sky Cable Corp., the second time PLDT has opted out of an agreement involving the cable TV and broadband service company.
Metrobank books 29% increase in net income in 2023; Investors to get higher dividends on better profitability
Metropolitan Bank & Trust Co. (Metrobank) posted record earnings of P42.2 billion, 28.9 percent higher year-on-year. This translated to a return on equity (ROE) of 12.5 percent, higher than 10.3 percent in 2022. Total consolidated assets expanded by 9.2 percent to P3.1 trillion in 2023, maintaining its status as the country’s second largest private universal bank.
Ayala Land sets this year’s capex at P100 billion
Property developer Ayala Land Inc. on Wednesday said its capital expenses could reach P100 billion this year, up 16 percent from only P86.2 billion last year.
NEA launches rehabilitated 1-MW hydro plant in E. Samar
The National Electrification Administration (NEA) successfully rehabilitated and put online again the 1 megawatt Amanjuray mini-hydropower plant of the Eastern Samar Electric Cooperative Inc. (Esamelco) that it originally constructed 33 years ago.
