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Property boom seen shifting to Visayas and Mindanao — Prime PH

Property Context.ph Context.ph -
Real estate investments in the Philippines are expected to increasingly move to the Visayas and Mindanao in the coming years as businesses expand outside Metro Manila, according to Prime Philippines Inc.

Century Properties 1Q profit slips on higher costs

Property Context.ph Context.ph -
Century Properties Group reported a 6-percent decline in net income in the first quarter of the year, as higher interest expenses and taxes offset gains from its core operations.

Converge tops PH broadband speed rankings; DITO leads mobile internet in latest report

Communications & Technology Context.ph Context.ph -
Converge ICT Solutions Inc. has ranked first in the Philippines’ SpeedGeo Broadband Internet Speed Ranking for the first quarter of the year, based on hundreds of thousands of user tests nationwide.

DA says P50 rice price cap still allows fair profit for sellers

Agriculture Context.ph Context.ph -
The Department of Agriculture (DA) said the P50 per kilo price cap on imported rice is fair for both consumers and rice sellers, as authorities continue enforcing President Ferdinand Marcos Jr.’s order to keep rice prices affordable.

BDO, Mastercard celebrate 20 years supporting OFWs

Corporate Bulletins Context.ph Context.ph -
BDO Unibank and Mastercard marked 20 years of partnership focused on helping overseas Filipinos send money home and stay financially connected with their families.
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Globe expands broadband access with new service hub in Angono

Corporate Bulletins 0
Globe has launched a new onsite distribution operations (OSDO) hub in Barangay Mahabang Parang, Angono, Rizal, bringing its broadband services, prepaid products, and direct customer support closer to residents and nearby communities.

Transport costs cool, but core inflation firms in May

Economy 0
Philippine headline inflation eased to 6.8 percent in May from 7.2 percent in April, coming in below the Bangko Sentral ng Pilipinas’ (BSP) projected range of 7.1 percent to 7.9 percent as transport costs and food price increases moderated, according to data released Friday by the Philippine Statistics Authority (PSA).

PLDT acquiring ownership of Radius Telecoms in fiber network deal

Communications & Technology 0
PLDT Inc. has entered into a share purchase agreement with Paragon Vertical Corp. to buy its 65.1 percent stake in Radius Telecoms Inc. This covers over 4.6 million common shares plus related beneficial holdings. Once the transaction closes, following required approvals from the Philippine Competition Commission and the National Telecommunications Commission, PLDT will hold 100 percent of Radius. The company said the move will not negatively impact its existing business, finances, or operations.

New 911 hubs boost emergency response reach 

Communications & Technology 0
The Philippines is expanding its technology-driven emergency response network with the activation of four new Satellite Command Centers (SCCs), strengthening the reach and resilience of the Unified 911 Emergency Response System.
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