Companies

By Riza Lozada Government regulator National Telecommunications Commission (NTC) plans to bid out new frequencies for broadband Internet on the heels of the recent mega deal in which telecommunications giants Globe Telecom and Philippine Long Distance Telephone Co. (PLDT) bought San Miguel Corp. (SMC) unit Vega Telecom Inc. for P70 billion to primarily access the 700 megahertz (MHz) band allocated …

Dominant power distributor Manila Electric Co. (Meralco) has obtained Energy Regulatory Commission (ERC) approval for its P15.5 billion capital expenditures for this year, the company reported to the Securities & Exchange Commission (SEC).

Globe Telecom has sought government help to develop broadband access in the Philippines by investing in internet infrastructure in rural and far-flung areas if the country hopes to achieve its economic development goals and social inclusion of all communities.

The philanthropic arm of the SM group, SM Foundation, has added more scholars under its wings as it sponsors 20 Grades 7 to 12 students at the Sisters of Mary School Girlstown in Bo. Biga, Silang Cavite, one of the campuses of the Sisters of Mary Schools in the Philippines, while SM Foundation chairman Harley Sy added 20 more students …

By Riza Lozada The initial public offering (IPO) of the Villar Group’s Golden Haven Memorial Park Inc. is ushering in a series of IPOs amid the strong rebound in the stock market on expectations of a stronger economy under President-elect Rodrigo Duterte.

The Travellers International Hotel Group Inc. has alloted up to P10 billion in capital spending this year mainly to complete the construction of the third phase of Resorts World Manila, which includes three hotels and gaming and retail spaces.

Listed Phoenix Semiconductor Philippines Corp. (PSPC) has completed the installation of new DDR4 technology-compliant manufacturing lines in its plant in the Clark Freeport Zone in Pampanga following the renewal of its strategic partnership with Samsung Electronics Ltd.

Top telecommunications firm Globe Telecom has secured the support of the Department of Transportation and Communications (DOTC) to use train stations around the metropolis to host network infrastructure, starting with the Metro Rail Transit Line 3 (MRT-3) stations on Epifanio de los Santos Avenue (Edsa).

State gaming firm Philippine Amusement and Gaming Corp. (Pagcor) once again made a mark in the field of business communication when its noble projects won prizes at the Asia-Pacific Stevie Awards in Australia and the Philippine Quill Awards of the International Association of Business Communicators (IABC).

By Riza Lozada Property-based Metro Pacific Investments Corp. (MPIC) and the Ty family’s GT Capital Holdings Inc (GT Capital) entered into an investment deal worth P22 billion that will raise GT Capital’s stake in MPIC.