Communications & Technology
ABS-CBN restructures capital, expands board
ABS-CBN Corp. is seeking shareholder approval for a P4.5-billion capital increase and a two-seat board expansion, reshaping its corporate structure as two new directors are nominated to join the company’s governing body.
Over 24M GCash users verified with National ID
More than 24 million Filipinos have used their National ID to verify their identities and open GCash accounts, according to the Philippine Statistics Authority (PSA).
IBPAP coalition targets global firms for $50B IT-BPM goal
The Philippines’ IT-BPM industry is mounting a fresh global investor push to help drive annual revenues past USD50 billion by 2028, with industry groups and corporate partners targeting new markets and higher-value operations.
Grandsun expansion to create 5,000 jobs
Grandsun Advanced Electronics (Philippines) Co. Inc. plans to hire about 5,000 workers as it expands production and begins making a new product at its LIMA Estate facility in Batangas, Trade Secretary Cristina Roque said.
Tech gives Philippine MSMEs bigger shot at growth
Technology is giving Philippine micro, small, and medium enterprises (MSMEs) more ways to raise productivity, reach customers beyond their local markets, and scale without the heavy investment in physical infrastructure traditionally required for expansion.
