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27/12/2023

GLOBE Telecom, Inc. is poised for further growth in its fiber broadband business.

27/12/2023

Meralco asserts that it maintains "fair and reasonable rates" owing to its expansive business scale, which facilitates the procurement of electricity at the most cost-effective prices.

24/12/2023

SMC, led by Ramon Ang, plans to complete 1,000 MWh battery energy storage systems by January.

Globe-Ayala Corporation, STT Fairview. Sinimulan ni JV ang pagtatayo ng pinakamalaking data center sa Pilipinas.Ang pina...
20/05/2023

Globe-Ayala Corporation, STT Fairview. Sinimulan ni JV ang pagtatayo ng pinakamalaking data center sa Pilipinas.

Ang pinakamalaki at pinakanakakonektang carrier-neutral data center sa Pilipinas ay itinatayo ng ST Telemedia Global Data Centers (Philippines), isang joint venture sa pagitan ng Globe, Ayala Corporation, at ST Telemedia Global Data Centers ng Singapore.

Ang STT Fairview, kapag ganap na binuo, ay magkakaroon ng apat na gusali na may kabuuang kabuuang higit sa 83,000 square meters ng kabuuang espasyo sa sahig, na may potensyal na IT load capacity na 124 megawatts.

Ang STT Fairview, na madiskarteng matatagpuan sa Quezon City, ay magbibigay sa mga negosyo at hyperscaler ng nababaluktot at nasusukat na mga opsyon sa colocation na inuuna ang mababang latency at sustainability.

Bilang karagdagan, ang bagong data center ay makakakuha mula sa mga direktang koneksyon sa network nito sa STT Makati, isa sa mga pinakanakakonektang data center ng Pilipinas. Ang mga customer ay magkakaroon ng agarang access sa isang malawak na hanay ng mga domestic at foreign network service provider, internet exchange, at submarine cable system salamat sa koneksyon na ito.

Inaangkin ni Carlo Malana, CEO ng STT GDC Philippines, na habang pinapalawak ng mga cloud service provider at negosyo ang kanilang mga digital platform upang matugunan ang pagbabago ng mga pangangailangan ng consumer para sa mga low-latency na digital na serbisyo, mayroong pagtaas ng demand para sa mga de-kalidad na serbisyo ng colocation sa bansa.

Nakuha ni Samel Aboitiz ang P30 milyon na stock ng Union Bank.Mayo 20, 2023Ang nag-iisang anak nina Sabin Aboitiz at Bet...
20/05/2023

Nakuha ni Samel Aboitiz ang P30 milyon na stock ng Union Bank.
Mayo 20, 2023

Ang nag-iisang anak nina Sabin Aboitiz at Bettina Araneta ay tumataas ang kanyang stake sa family-run Union Bank of the Philippines (UBP).

Sa pagitan ng Mayo 1 at Mayo 15, bumili si UBP director Samel Aboitiz ng 376,800 shares sa halagang P78.85 at P80.

Dinagdagan ni Samel ang kanyang stock holdings sa 831,485 shares mula noong sumali sa UBP board noong nakaraang taon, na halos doblehin ang mga ito.

Bumaba ng halos 20% ang UBP mula nang umabot sa 52-linggong mataas na P98.50 noong Enero ng nakaraang taon.

Ang unang quarter ng taong ito ay nakakita ng P3.4 bilyong pagtaas sa kita ng UBP, o 23% taon-taon.

Nakahanda ang NGCP na humarap sa imbestigasyon ng Senado sa mga operasyon nito.Habang lumalakas ang mga panawagan na iba...
20/05/2023

Nakahanda ang NGCP na humarap sa imbestigasyon ng Senado sa mga operasyon nito.

Habang lumalakas ang mga panawagan na ibalik ang kontrol sa power grid sa gobyerno, kumpiyansa ang National Grid Corporation of the Philippines (NGCP) sa pagpapaliwanag sa mga operasyon ng negosyo nito.

"Kami ay nananatiling handa upang sagutin ang anuman at lahat ng mga tanong na ibinangon tungkol sa kung paano kami nagsasagawa ng negosyo," sabi ng tagapagsalita ng NGCP na si Cynthia Alabanza sa isang ulat ng BusinessWorld. "Kami ay kumpiyansa na ang mga pagpapahusay na aming ipinatupad, pati na rin ang P300 bilyon na aming ipinuhunan sa pagpapalakas ng sistema ng paghahatid, ay tatanggapin."

Ang malawakang blackout sa Occidental Mindoro at Visayas, gayundin ang iisang brownout sa Luzon, na isinisisi sa kakulangan ng suplay ng kuryente, ay nagbigay-pansin sa power transmission monopoly na pag-aari ng bilyonaryo na sina Henry Sy, Jr. at Roberto Coyiuto.

Ang mga ito ay higit pa ang mga nag-aalalang alalahanin tungkol sa kontrol ng gobyerno ng China sa pamamagitan ng bahagyang may-ari nito, ang State Grid Corporation of China. Sa isang pagdinig sa Senado, sinuportahan ni Pangulong Ferdinand Marcos Jr. ang kontrol ng gobyerno sa mga operasyon ng NGCP "kung kinakailangan."

Nakuha ni Maria Cristina Consunji-Gotianun ang P23 milyong halaga ng Semirara at DMCI sharesSi Maria Cristina Consunji-G...
20/05/2023

Nakuha ni Maria Cristina Consunji-Gotianun ang P23 milyong halaga ng Semirara at DMCI shares

Si Maria Cristina Consunji-Gotianun, isang miyembro ng pamilyang Consunji, ay nagpapakita ng kanyang tiwala sa mga stock ng pamilya, na nakaranas ng paghina pagkatapos ng isang matatag na 2022.

Noong nakaraang linggo, gumawa ng malaking pamumuhunan si Consunji-Gotianun sa pamamagitan ng pagbili ng kabuuang P23 milyong halaga ng shares sa Semirara Mining and Power (SCC) at DMCI Holdings (DMC).

Bilang Presidente at COO ng SCC, nakakuha siya ng kabuuang 422,800 SCC shares sa loob ng hanay ng presyo na P27.90 hanggang P27.95 mula Mayo 12 hanggang 16. Ang SCC ay kasalukuyang nakikipagkalakalan nang bahagya sa pinakamababang punto nito sa nakalipas na 52 linggo dahil sa ang pagbaba ng presyo ng karbon kumpara sa nakaraang taon.

Si Consunji-Gotianun, bilang DMC director at assistant treasurer, ay bumili din ng DMC shares mula Mayo 16 hanggang 18 sa presyong P9.66 hanggang P9.80.

Ang kasalukuyang halaga ng kalakalan ng DMC ay 24% na mas mababa kaysa sa 52-linggo nitong mataas na P13.06, na itinakda noong unang bahagi ng Enero.

BBM is hesitant to take over NGCP operations, citing potential challenges.President Ferdinand Marcos Jr. is opposed to t...
20/05/2023

BBM is hesitant to take over NGCP operations, citing potential challenges.

President Ferdinand Marcos Jr. is opposed to taking control of the National Grid Corp. of the Philippines (NGCP), citing concerns about the company's ongoing problems.

President Marcos acknowledged the complexities of taking over NGCP, including the need to replace personnel and build transmission lines, both of which require significant time and resources.

Marcos emphasized that no matter how the franchise issue is resolved, whether through government intervention or transfer to another corporation, the potential delays caused by revoking the franchise without a clear plan for continued operations must be carefully considered. He wondered who would be in charge of running the grid in such a scenario.

In response to media inquiries about NGCP's franchise and security concerns raised by lawmakers due to China's significant stake in the company, Marcos emphasized the management gap that would result if the franchise was revoked, requiring immediate resolution.

He reiterated that the government is closely monitoring NGCP's performance, particularly the causes of power outages, while also emphasizing that security concerns are being actively addressed through collaboration between NGCP and the National Intelligence Coordinating Agency (NICA) to protect transmission assets.

Marcos emphasized that revoking NGCP's franchise would require a compelling reason. While deliberating on the franchise issue, he emphasized the importance of evaluating NGCP's performance and adherence to contractual obligations with the government.

Sara Duterte and Gloria Arroyo are served lunch by MVP.Manny V. Pangilinan, the esteemed chairman of PLDT, welcomed impo...
20/05/2023

Sara Duterte and Gloria Arroyo are served lunch by MVP.

Manny V. Pangilinan, the esteemed chairman of PLDT, welcomed important figures from the political world to a luncheon in a noteworthy show of unity and celebration.

Vice President Sarah Duterte, former First Lady Gloria Macapagal Arroyo, San Pedro Mayor Art Mercado, B**g Santamaria, and Pearl Viernes were among the impressive list of guests.

Pangilinan immortalized the momentous occasion that revolved around the birthdays of two extraordinary women by posting a captivating group photo on social media. While Duterte eagerly anticipates Arroyo's upcoming birthday on May 31, she celebrated her special day on April 5.

Although the specifics of their conversations are unknown, one can speculatively imagine the lively discussions that adorned their table.

The Q1 earnings of Edward Lee's COL Financial surpass expectations by 75.9%.Leading online stockbroker in the nation, CO...
20/05/2023

The Q1 earnings of Edward Lee's COL Financial surpass expectations by 75.9%.

Leading online stockbroker in the nation, COL Financial, owned by bilyonaryo Edward Lee, reported a strong 75.9% increase in first-quarter earnings to P158.3 million, with interest income surging by 240%.

COL increased its revenues by 38.1 percent to P317.7 million despite a difficult market environment, helped by higher interest yields, trading gains, and investment revaluation gains that more than offset the decline in commission revenues.

As investor interest waned as a result of rising inflation, interest rates, and a declining peso, commission revenues saw a decline of 23.5 percent. Nevertheless, the parent company's interest income totaled P172.1 million as a result of the notable rise in interest rates brought on by soaring inflation, as well as effective cash management and use of the parent company's margin facility.

The successful use of investible funds in short-term placements was shown by the 330% increase in interest income from placements.

Additionally, as customers benefited from margin lines to take advantage of investment opportunities, the margin lending industry saw a healthy growth of 28.4%.

The sale of stocks held in its proprietary account contributed to COL's trading gains of P5.1 million. The reversal of revaluation losses from government and corporate debt investments held by local subsidiaries from prior years was also included in these gains.

The number of customer accounts for COL Financial's Philippine operations increased by 4.7 percent to 522,697 as of the end of March, despite the unstable market conditions.

Nevertheless, the decreased value of stocks caused a 5% decline in client net equity to P197.9 billion, which was partially offset by new fund inflows from both current and new clients.
The Philippine Stock Exchange's ranking of COL dropped to 7 and its market share to 4.9 percent as a result of the muted customer growth and trading activity.

Customers continued to trust COL Financial in spite of these difficulties, as evidenced by the modest increase in client assets of more than 2% to nearly P108 billion by the end of March.

With customers continuing to diversify their fund investments into bonds and international income-generating funds, the fund source business demonstrated resilience by maintaining assets under administration at P4.3 billion despite sluggish market conditions.

Elon Musk's Starlink has arrived on the island of Siargao.May 20, 2023The stunning island of Siargao now has access to t...
20/05/2023

Elon Musk's Starlink has arrived on the island of Siargao.
May 20, 2023

The stunning island of Siargao now has access to the ground-breaking Starlink internet service from billionaire Elon Musk.

Starlink, which revolutionizes how internet is accessed, uses a constellation of satellites operated by SpaceX to set itself apart from conventional broadband and fiber connections.

Starlink has now expanded its services to the Philippines, delighting internet users who have long yearned for dependable and fast connectivity. Starlink's services already cover more than 50 countries.

An outpouring of envy from netizens who eagerly anticipate the service's expansion to more areas across the country resulted from the company's proud sharing of glimpses of one of its first installations in the picturesque beaches of Siargao.

People who were eager to have the chance to use the cutting-edge technology firsthand expressed their hopes that Starlink would expedite its launch in their respective regions in the comments section.

While there were a lot of complimentary remarks, there were also some unfavorable ones from repeat foreign customers. Some people complained that the costs kept going up.

The Ramos-Sy mining venture suffers a setback due to lower grade and a drop in copper prices.A subsidiary's non-recurrin...
18/05/2023

The Ramos-Sy mining venture suffers a setback due to lower grade and a drop in copper prices.

A subsidiary's non-recurring non-cash gain from the prior year and lower grade and milling tonnage were the main causes of Atlas Consolidated Mining and Development Corp.'s first quarter profit decline of 78%.

Atlas Mining's net income decreased during the three-month period from P1.22 billion at the end of March this year to P264 million.

The business's earnings fell 11% to P4.69 billion.

The 11 percent year-over-year decline in copper metal prices, which in the first quarter were $4.05 per pound, is one factor in the decline in profitability.

In contrast, the cost of gold increased marginally, going from $1,885 to $1,890 per ounce. Despite these market swings, Carmen Copper Corp., a wholly-owned subsidiary of Atlas Mining, showed good loan management during the time period by reducing its loan obligations by an additional $15 million with internally generated cash.

The 11 percent year-over-year decline in copper metal prices, which in the first quarter were $4.05 per pound, is one factor in the decline in profitability.

In contrast, the cost of gold increased marginally, going from $1,885 to $1,890 per ounce.

Despite these market swings, Carmen Copper Corp., a wholly-owned subsidiary of Atlas Mining, showed good loan management during the time period by reducing its loan obligations by an additional $15 million with internally generated cash.

A subsidiary's non-recurring non cash gain from the prior year and lower grade and milling tonnage combined to reduce Atlas Consolidated Mining and Development Corp.'s first-quarter 2023 profit.

During the three months, Atlas Mining reported a net income of P264 million, a 78 percent decrease from P1.22 billion in the corresponding period the previous year.

Revenues for the company decreased by 11% to P4.69 billion from P5.25 billion in the previous year.

Atlas Mining reported that copper metal prices fell 11% year on year to $4.05 per pound in the first quarter, while gold prices rose from $1,885 to $1,890 per ounce.

However, the company stated that its wholly owned subsidiary Carmen Copper Corp. was able to reduce its loan obligations by another $15 million during the period due to internally generated cash.

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