Who is Dennis Uy?
Philippine Daily Inquirer - 3 months ago
Uy has a Bachelor of Science Degree in Business Management from the De La Salle University in Manila. The entrepreneur who is based in Davao City, the home turf of President Rodrigo Duterte ...

PLDT, Globe welcome new telco
Sun Star - 3 months ago
The two other bidders, Sears Telecom-Tier1 Consortium and Philippine Telegraph and Telephone Company (PT&T), were disqualified although they have three days within which to file a motion for reconsideration. Sears-Tier1 failed to submit the P700-million ...

A quick look at the three firms that submitted bids to be third telco
philstar.com - 3 months ago
Sear Telecom -- a consortium by TierOne Communications and LCS (Luis Chavit Singson) Inc. -- and Philippine Telegraph and Telephone Corporation (PT&T) were both disqualified supposed incomplete documents. READ: Udenna-China Telecom lone bidder left for ...

SE Asia Stocks-Philippines falls 2 pct on widening trade deficit
Reuters - 3 months ago
Singapore shares gave up earlier gains to close marginally higher. Keppel Corp rose nearly 2 percent, while Sembcorp Industries declined 0.7 percent. Malaysian shares climbed for a second session in three, helped primarily by telecommunication and ...

Aboitiz Equity Ventures posts 9% increase in Q3 income
CNN Philippines - 3 months ago
Metro Manila (CNN Philippines, November 7) - Holding company Aboitiz Equity Ventures ... Of all its businesses, power had a 72 percent share of the consolidated income, followed by banking ...

Dennis Uy-China Telecom consortium provisionally named 3rd telco
Rappler - 3 months ago
MANILA, Philippines (UPDATED) - The consortium of Dennis Uy's Udenna Corporation and China Telecommunications Corporation (China Telecom) provisionally won the bidding for the Philippines' 3rd major telecommunications player slot on Wednesday, November 7.

Uneven playing field? Disqualified bidders slam 3rd telco rules
Rappler - 3 months ago
MANILA, Philippines - The two disqualified bidders for the 3rd major telecommunications player slot are not going down easily without a fight, as both vowed to take their battles to court. Both Philippine Telegraph and Telephone Corporation (PT&T) and ...

Udenna-China Telecom lone bidder left for third telco
philstar.com - 3 months ago
The other player, Philippine Telegraph and Telephone Corporation (PT&T), had sued the NTC for reportedly denying certification that required 10-year experience in operating a telecom business on a "national scale." PT&T was also disqualified for failure to ...

3rd telco bidding: Only Mislatel qualifies
Sun Star - 3 months ago
The new major player is expected to end the duopoly of telecommunication giants Philippine Long Distance Telephone Company (PLDT) and Globe Telecom. (MVI/RAG/SunStar Philippines)

Only Dennis Uy-China Telecom bid qualified, 2 others incomplete
Rappler - 3 months ago
MANILA, Philippines - From 10 interested bidders, the race for the 3rd major telecommunications player slot only had 3 contenders in the end. Two, however, were disqualified, but still have the option to file appeals. First to submit its bid documents on ...

A millennial dancer's financial adulting journey
Rappler - 3 months ago
When she got to college, she became part of a dance group and participated in local and international ... She also opened up her own mutual funds account with COL Financial, with fund managers managing it. This way, she feels more secure about her finances.

China Telecom joins local tycoon in joint bid for Philippine telco license
InterAksyon - 3 months ago
State-controlled China Telecom joined businessman Dennis Uy, whose interests include real estate, energy, shipping and logistics, under a consortium called Mislatel, hoping to win a license to challenge existing players Globe Telecom and rival PLDT.

RPT-Philippines invites newcomer to transform its troubled telco sector
Reuters - 3 months ago
On Wednesday the government open an auction for a licence, and by the end of the year there should be a third operator in the Philippines ... like Now Corp, Easycall and Transpacific Broadband, which have seen year-to-date growth as high as 609 percent ...

Security Bank net income up by 5% in third quarter
CNN Philippines - 3 months ago
Metro Manila (CNN Philippines, November 6) -- Security Bank reported an increase in its net income in the third quarter of 2018. In its latest disclosure, the bank reported a net income of ?2 ...

DOTr responds to credit-grabbing allegations on ParaƱaque Integrated Terminal
InterAksyon - 3 months ago
Others suggest that the credit for the work should go to former President Benigno Aquino III. Duterte is expected to inaugurate ParaƱaque Integrated Terminal Exchange (PITX). Fact Check: Originally called the Southwest Integrated Terminal Exchange (SWITEx ...

BSP remains cautious on inflation
philstar.com - 3 months ago
The central bank said the start of the harvest season for rice and improved weather conditions have contributed to downward price pressures on rice prices. In addition, it said the implementation of non-monetary measures is also expected to result in a ...

Inflation steadies at nine-year peak
BusinessWorld - 3 months ago
Michael L. Ricafort, economist at the Rizal Commercial Banking Corp., noted that a softer 25bp rate increase may be announced by the BSP next week, but that a no-hike scenario may still be an option amid lower prices of food, rice and oil. For Emilio S.

Factory output sustains growth in September, slowest in 9 months
BusinessWorld - 3 months ago
"The month-on-month decline illustrates the impact of rising inflation," Union Bank of the Philippines, Inc. Chief Economist Ruben Carlo O. Asuncion said in an e-mail on Tuesday when sought for comment, while Michael L. Ricafort, economist at Rizal ...

Government to select third telco company soon
CNN Philippines - 3 months ago
This was echoed by the Philippine Telegraph and Telephone Corp. (PT&T), which added that the selection process discriminated against local players. PT&T questioned the NTC's classification of a ...

PT&T asks Makati RTC to declare it as active telco player for past decade
BusinessMirror - 3 months ago
Philippine Telegraph and Telephone Corp. (PT&T) submitted before a Regional Trial Court (RTC) in Makati City a petition that involves the "proper application and interoperation of the term ...

MOA signed for Manila Bay reclamation project
BusinessMirror - 3 months ago
Manila Solar City Project Aside from Estrada and Calixto, representatives of the three groups with respective reclamation proposals in the Manila Bay area, namely Manila Goldcoast Development Corp. (MGDC), SM Prime Holdings Inc.; and the Pasay Harbor City ...

Makati says Phoenix Bangkal station had no business permit
Rappler - 3 months ago
MANILA, Philippines - Contrary to the claims of the Makati City government, Phoenix Petroleum said Tuesday, November 6, that the Barangay Bangkal gasoline station which was the source of a gas leak last week had all its necessary papers to operate ...

ABS-CBN, GMA continue fight for TV ratings
BusinessWorld - 3 months ago
ABS-CBN Corp. and GMA Network, Inc. tussled over nationwide TV ratings as both claimed dominance in October, using data from different audience measurement providers. In a statement, ABS-CBN said it recorded an average audience share of 44% in October ...

Globe nets P15.16 billion in 1st 9 months
BusinessMirror - 3 months ago
PROFITS of Globe Telecom Inc. climbed by more than a tenth during the first nine months of 2018 fueled by higher earnings from its mobile data, home broadband, and corporate data businesses ...

The PMA and the Birth of Professional Marketing in the Philippines
BusinessMirror - 3 months ago
It was first awarded to Dr. Donald Patrick L. Lim of ABS-CBN Corporation. Now, on its 37th year, the PMA proudly welcomes The Agora Awardees of 2016 into illustrious company of previous winners.

Ayala Land income up 17% in nine months
CNN Philippines - 3 months ago
Metro Manila (CNN Philippines, November 6) -- Property developer Ayala Land Inc. (ALI) on Tuesday reported a 17-percent increase in net income in January to September, citing strong earnings from ...

FAST FACTS: Who is DFA chief Teddyboy Locsin?
Rappler - 3 months ago
Lawyer at the Angara Abello Concepcion Regala & Cruz Law Offices Executive secretary to the late business magnate Don Enrique Zobel in the Bank of the Philippine Islands and Ayala Corporation Director of San Miguel Corporation, the United Coconut Planters ...

Now Telecom's petition to suspend terms in selection of 3rd telco junked
CNN Philippines - 3 months ago
Metro Manila (CNN Philippines, November 6) -- A Manila court on Tuesday rejected a prospective bidder's petition to suspend the implementation of certain requirements for the selection of the ...

Philippines invites newcomer to transform its troubled telco sector
InterAksyon - 3 months ago
Apart from that, wired space for connectivity via broadband to the houses, landline and cable TV is very low," said Pierre Galla, co-founder of information technology advocacy group ... Easycall and Transpacific Broadband, which have seen year-to-date ...

Philippines invites newcomer to transform its troubled telco sector
InterAksyon - 3 months ago
Domestic telecoms and Internet stocks tipped to benefit have rallied this year, like Now Corp, Easycall and Transpacific Broadband, which have seen year-to-date growth as high as 609 percent, 313 percent and 211 percent respectively, compared to the ...

Petron nets ?12.1-B income in nine months on higher sales volume
CNN Philippines - 3 months ago
Metro Manila (CNN Philippines, November 6) -- Petron Corp. on Tuesday said it posted a consolidated net income of ?12.1 billion in the first nine months of the year, up 3 percent from the same ...

PT&T calls 3rd telco criteria 'unfair,' files petition vs NTC
Rappler - 3 months ago
PT&T was also able to secure a letter of credit amounting to P700 million from the Asia United Bank. Velasquez said the amount will serve as the company's bid security. With all the financial hurdles conquered, Velasquez hopes that the court would favor ...

1 soldier killed in clash with NPA in General Nakar, Quezon
UNTV - 3 months ago
RIZAL, Philippines - The Public Affairs Office of the 2ID Philippine ... communist terrorist group on Sunday (November 4) in General Nakar, Quezon. Members of the 92nd Infantry Battalion (92IB) clashed twice against the enemies in Sitio Dadyangao and ...

Globe Telecom posts P15.3-B profit from Jan to Sept 2018
Inquirer - 3 months ago
An insatiable demand for mobile internet helped industry giant Globe Telecom achieve a big profit boost in the nine months through September this year even as capital spending went up. Globe said ...

6th Circ. Resurrects TCPA Row Over Info Verification Fax
Law360 - 3 months ago
Medco Health Solutions Inc. and their rebuke of the district court for incorrectly ... available to the LexisNexis and Enclarity customer base, the panel said. "These holdings reflect an improper understanding of Sandusky and impose undue restrictions ...

One Meralco energizes off-grid NegOr schools
Philippine Information Agency - 3 months ago
NEGROS ORIENTAL, Nov. 6 -- Eight schools from the Department of Education (DepEd)-Division of Negros Oriental now enjoy electricity through the School Electrification Program (SEP) of One Meralco Foundation. The ceremonial turn-over of the Solar ...

MPD exec named outstanding policewoman
philstar.com - 3 months ago
MANILA, Philippines -- The only female official to hold the distinction ... Sagaysay, who was also a finalist in the Metrobank Foundation search for Top Ten Outstanding Filipinos last year, is the only policewoman to become a station commander in Metro ...

Mass. AG Quietly Adds Third-Party Debt Collectors As Regulated Entities on Website Despite Prior Guidance to the Contrary
insideARM - 3 months ago
Traditionally, the Massachusetts Division of Banks (DOB) regulated third-party debt collectors while the Massachusetts Attorney General's Office (AG) regulated creditors ... make the best determination for your company. Get the whitepaper right here.

Petron, F2 seek Superliga back-to-back
philstar.com - 3 months ago
MANILA, Philippines -- Defending champion Petron and rival F2 Logistics look to pick up from where they left off on opening night as they tackle their respective assignments today in the Philippine Superliga All Filipino Conference at the Filoil Flying V ...

Oct. factory reading best in 10 months
BusinessWorld - 3 months ago
Rizal Commercial Banking Corporation economist Michael L. Ricafort said separately that firms may have front-loaded production ahead of planned tax increases in 2019 such as those for coal and tobacco. "The rising trend in inflation, as well as prospects ...

P25 hike order by Metro Manila Wage Board brings daily minimum to P537
BusinessMirror - 3 months ago
THREE regional wage boards, including the Regional Tripartite Productivity and Wages Board-National Capital Region ... dean of the University of Asia and the Pacific School of Economics, agreed ...

Are Filipinos dumb?
BusinessMirror - 3 months ago
WHILE the story is from 10 years ago, it has recently resurrected. It is that Filipinos have the average intelligence of a rock--or maybe tree bark on a good day--in comparison to the rest of ...

PLDT fires up 5G base station in PHL
BusinessMirror - 3 months ago
Horn explained his group aims to target different sectors as its first customers, listing them as transport, health care, manufacturing, energy, hotels, residential and other partner locators ...

NTC asks Manila RTC not to block 3rd telco selection process
BusinessMirror - 3 months ago
which is aimed at improving the current Internet service being provided by telco giants Globe Telecom and Philippine Long Distance Telephone Co. Smart. In its 32-page memorandum submitted to ...

CIMP finalizing talks with refinery to sell its crude oil
BusinessWorld - 3 months ago
He declined to disclose the identity of the refinery, although there are only two oil companies in the country with a refinery -- Petron Corp. and Pilipinas Shell Petroleum Corp. Mr. Cutiongco said he was finalizing the sale and purchase agreement (SPA ...

New Seda hotel offers full-resort experience
BusinessWorld - 3 months ago
Seda is a hotel brand under Ayala Land Hotel and Resorts Corp, (AHRC), subsidiary of Ayala Land, Inc. (ALI). -- Vincent Mariel P. Galang

VLL plans to offer P10B in retail bonds
BusinessWorld - 3 months ago
VISTA LAND and Lifescapes, Inc. targets to end the year with 30 malls. -- CATHY ROSE GARCIA VISTA LAND and Lifescapes, Inc. (VLL) plans to issue up to P10 billion worth of fixed-rate retail bonds, it told the stock exchange on Monday. The Villar-led ...

Peso strengthens further
BusinessWorld - 3 months ago
THE PESO climbed on dovish remarks from Federal Reserve officials. THE PESO sustained its strength on Tuesday to log a fresh five-month high as the dollar remained weak following dovish remarks from US Federal Reserve officials. The peso ended the session ...

LIST: Potential 3rd telco bidders
Rappler - 3 months ago
Udenna Corporation is poised to complete its backdoor listing in the PSE through ISM Communications via a whopping P72-billion share swap. The company needs to team up with a local company with a telco franchise to qualify for the bid. They have yet to ...

Streamtech's pullout from 3rd telco bidding 'strategic' move --expert
CNN Philippines - 3 months ago
Metro Manila (CNN Philippines, November 5) -- The decision of Villar-led Streamtech Systems Technologies Inc. to back out from joining the bidding for third major telecommunication player was a ...