Tag: Pope Francis

Converge ICT Solutions Inc. reported minimal service impact after a Philippines‑Singapore submarine cable failure last Friday, as traffic was instantly shifted to alternate routes, chiefly the new Bifrost cable system. Most home and business users stayed connected, with only isolated issues accessing Singapore‑hosted sites and apps.

Geely Motor Philippines is preparing to expand its electrified vehicle lineup with the upcoming launch of the Monjaro EM-i, a D-segment plug-in hybrid SUV aimed at the growing local market for hybrid and electric vehicles.

The Bureau of Internal Revenue (BIR) has tightened and clarified its tax refund procedures, seeking to reduce filing confusion, prevent applications from being sent to the wrong offices and give taxpayers clearer expectations on processing times.

Philippine equities may be approaching a potential re-rating as depressed valuations increasingly reflect concerns over elevated borrowing costs, peso weakness and a fragile domestic macroeconomic backdrop. With the broader market trading at roughly eight times earnings, valuations suggest investors are pricing in substantial pessimism, creating room for upside if economic conditions stabilize and confidence improves.