Companies

Globe vows connectivity, but seeks government help

The country isn’t likely to achieve its goal of providing digital literacy for all in the absence of a favorable government policy that would equip public elementary and secondary schools with Internet access by 2016.

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Government, industries team up for disaster preparedness

SM Prime Holdings President Hans Sy and other top business leaders in the Philippines have banded to strengthen the country’s disaster risk-reduction and development efforts.

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BSP OKs financing scheme for agri, fisheries value chain

The Bangko Sentral ng Pilipinas (BSP) has approved the establishment of the agricultural value-chain financing framework to uplift the agriculture and fisheries sector. 

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Unilab Foundation event gives hope to people with Down syndrome

About 200 doctors, nurses, dentists, psychiatrists, and therapists joined hands for people with Down syndrome at the annual free clinic of the United for Down program at the Bayanihan Center, Mandaluyong City, on Mar. 20.

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Ayala Group profit jumped 20% to P22.3 billion in 2015

By Riza Lozada Conglomerate Ayala Group has earmarked P174 billion for its capital expenditures this year mainly to support real-estate and telecommunications businesses and yield sustained growth as it reported a 20-percent surge in profit to P22.3 billion last year.

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LTG net income zoomed 50% to P6.6B last year

The LT Group Inc. (LTG) of taipan Lucio Tan posted a 50-percent increase in profit in 2015 to P6.6 billion amid impressive results in its banking, beverage and tobacco businesses. 

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Cloudera sees bigger role in Philippines as technology demand seen to rise with economic growth

Enterprise data systems provider Cloudera said it will “deepen” its commitment to the country mainly in the provision of big data management and analytics using its Hadoop technology.

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ICTSI’s 2015 net income nosedived 68% to P2.7B

International port operator International Container Terminal Services Inc. (ICTSI) reported a substantial 68-percent drop in profit to $58.5 million (P2.7 billion) from $182 million (P8.5 billion) for last year mainly due to a one-off expense of $116.2 million (P5.46 billion) in “impairment” charges in its operations in Argentina. 

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Globe backs Philippine programs’ entry into UN sustainable development plan

At least 193 member-states of the United Nations (UN) gathered last September 25 to 27 in New York City to find a common language to lessen the more critical problems plaguing the global human society. 

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DPWH commits vs trafficking of persons in project areas as government launches massive infra buildup

The Department of Public Works and Highways (DPWH) has committed to institutionalize zero tolerance on trafficking in persons (TIP) in all its infrastructure projects all over the Philippines under an agreement with the Millennium Challenge Corporation MCC and Millennium Challenge Account-Philippines (MCA-P). 

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