The P6.75-billion sale of Sky Cable Corp.'s broadband business and related assets to PLDT Inc. has hurdled the competition review.
More than a year of meticulous preparations and negotiations for the sale of SkyCable to PLDT dissipated into thin air.
MANILA, Philippines —The Federation of Filipino-Chinese Chambers of Commerce and Industry Inc. (FFCCCII) on Thursday called for continued reforms to improve the country’s business environment, outlining 12 key initiatives that it urged the government to implement. FFCCCII president Cecilio Pedro said the government must expand ongoing efforts to enhance the ease of doing business, promote efficiency and reduce bureaucratic red tape to attract more investments. READ: FFCCCII renews commitment to champion a stronger, more globally competitive ...
Last year wasn’t a rewarding period for equity investors (the local benchmark index slipped 1.77 percent)—unless you have a fund manager who could beat considerable odds. Since taking over AB Capital & Investment Corp. in October 2021, capital market veteran Anton Periquet has catapulted the previously underperforming equity-laced and equity-based unit investment trust funds (UITFs) of this investment house to the top of the charts. Despite the challenging environment, AB Capital Equity Fund gained 4.58 percent in 2023, making it the best p ...
MANILA -Converge ICT Solutions Inc. is building an artificial intelligence (AI)-enabled contact center—with human agents only as backup—to improve customer support and management services for its over 2 million subscribers. By the second half of next year, the internet service provider hopes to operate the facility, which is backed by customer relationship management company Salesforce. This will be the first of its kind in the country, the telco said. As of press time, Converge failed to answer questions whether a number of its workforce w ...
the cable business following its merger with PLDT Inc. Jesus... available for the upscale customers of the fiber internet... It will cease pay TV and cable businesses following the sale of...
Last November, ABS-CBN reported a net income of P1.56 billion for the first nine months of... Removing the effects of the gain from the sale of Sky Cable PDRs recognized in the first nine...
submarine business is positive for the industry as a whole." However, he firmly stated, "The Donghae submarine cable factory is a facility built with the blood and sweat of our employees...
MANILA, Philippines — ABS-CBN Corp. trimmed its losses by 18 percent in the first quarter after cutting expenses and registering a windfall from the sale of assets. The Lopez-led media giant, in its recent financial report, disclosed that its net losses went down to P994 million from January to March 2024 from P1.21 billion in the same period last year. This is despite total topline figures dropping by 4 percent to P4.08 billion as cable TV and broadband revenues slipped 23 percent to P1.45 billion. Content production and distribution revenue ...
This article is translated by AI company Flitto and Infostock Daily using neural machine translation technology LS Cable & System has decided to close its Round Wire business.Round Wire sales amoun...