Tag: Globe

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Globe, NCS seal APAC tech push

Globe Telecom Inc. has completed its joint venture with Singapore-based technology services firm NCS Pte. Ltd., strengthening its push to scale advanced ICT capabilities across the Asia-Pacific region.

Ayala expands P20B buyback to shares of units

Ayala Corp., the listed investment holding firm of the Ayala Group, said Thursday that its board of directors has approved an expansion of its...

Creative economy may take hit from online piracy — Globe

Globe Telecom Inc, the financial technology and telecom unit of the Ayala Group, has warned that online piracy could undermine the growth of the Philippine creative industry, which the Department of Trade and Industry expects to contribute up to P2 trillion to gross domestic product this year.

Globe advances tower deal with MIDC, PhilTower

Globe Telecom Inc., a leading digital platform in the Philippines, has further advanced its tower sale and leaseback initiatives with two major partners—MIESCOR Infrastructure Development Corp.  and Phil-Tower Consortium Inc. (PhilTower).

Telecom, energy units weigh down Ayala 1Q earnings

Ayala Corp., the diversified holding company of the Ayala Group, reported a 3.7 percent decline in net income to P12.6 billion in the first quarter, weighed down by one-off items and weaker contributions from its telecom and energy units.

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Alsons Power bullish on PH retail energy sector amid rule changes

Alsons Power Group sees strong growth ahead for its retail electricity supply business, following recent regulatory changes that open the market to more users.

ERC suspends grid delivery fee for energy storage during emergencies

The Energy Regulatory Commission has approved the temporary waiver of delivery service charges for energy storage systems during declared national energy emergencies.

First Gen confirms $5B non-binding offer for EDC from Indonesian firm

First Gen Corp. has disclosed to the Philippine Stock Exchange that Indonesian company PT Barito Renewables Energy submitted an unsolicited, non-binding offer to acquire its geothermal subsidiary Energy Development Corp. for around $5 billion.

SEC overhauls rules for local credit rating agencies

The Securities and Exchange Commission has proposed updated regulations for credit rating firms to boost transparency, credibility, and investor confidence in the Philippine corporate bond market.

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