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  • Philippines has slowest internet in Asia-Pacific: study

    May 23, 2017 2:39 AM 4

    MANILA – The Philippines has the slowest internet in the Asia Pacific in the last three months of 2016, even as service gradually improved, a study showed. However, there is “reason for optimism” as the new government under President Rodrigo Duterte has made improving internet connectivity a priority, according to Akamai’s fourth quarter State of the Internet

  • PLDT divests from Spi

    May 22, 2017 12:34 PM 4

    PLDT Inc. divested its remaining stake in business process outsourcing provider SPi Global Holdings Inc. Partners Group, a global private market investment manager, agreed to acquire SPi Global, which is controlled by CVC Capital Partners and PLDT Global Investments Corp., an indirect subsidiary of PLDT. The transaction valued SPi at $330 million

  • Guangxi charter flights to PH sealed

    May 22, 2017 12:12 PM 4

    The Tourism Department has closed a deal with Chinese state-owned Guangxi Tourism Development Group Co. Ltd. to mount charter flights directly from Guangxi province to Davao, Cebu and Clark. The deal signed in China during the “Belt and Road Forum” will add to the list of air carriers that directly serve 13 Chinese cities to and from Manila, Kalibo Cebu and Laoag

  • DOE taps China counterpart for Mindanao’s transmission dev’t

    May 21, 2017 4:00 PM 4

    MANILA, Philippines - The Department of Energy (DOE) has tapped China’s National Energy Administration (NEA) and State Grid Corp. of China in exploring ways to speed up transmission development in Mindanao as well as the grid interconnection with Visayas. Energy Secretary Alfonso Cusi said he has discussed with his counterpart in China for assistance

  • ABS-CBN allots P3 B for DTH, broadband biz

    May 21, 2017 4:00 PM 4

    MANILA, Philippines - ABS-CBN Corp. is planning to spend over P3 billion for its direct-to-home (DTH) and broadband businesses this year. ABS-CBN chief financial officer Aldrin Cerrado told reporters the company is looking to spend around P3.3 billion for the DTH pay TV service as well as the broadband business this year. The company is looking to invest

  • Chinese businessmen eye Iloilo’s BPO, tourism potentials

    May 21, 2017 3:25 PM 3

    Rex Aguado, chairman of Philippine Association of Hong Kong (PAHK), said priorities are Iloilo’s potentials for business process outsourcing (BPO) and tourism sectors. PAHK facilitated the Iloilo business mission for the Chinese group last May 17-20. It came a month after government and business leaders from the city and province of Iloilo presented

  • MPIC bags best managed company plum in regional poll

    May 20, 2017 4:00 PM 6

    MANILA, Philippines - Metro Pacific Investments Corp. (MPIC) stamped its class anew as a world-class conglomerate after it was named “Best Managed Company” in the Philippines by FinanceAsia. The regional financial magazine revealed in its website the results of its “Asia’s Best Managed Companies 2017” survey that showed MPIC topping the Philippine list. “Being

  • Cebu Pacific sets 2017 capex to P24 B

    May 19, 2017 4:00 PM 3

    MANILA, Philippines - Budget carrier Cebu Pacific and its subsidiary Cebgo are alloting P24 billion for capital expenditures this year to increase the group’s fleet. In a disclosure to the Philippine Stock Exchange yesterday, Cebu Air Inc., the operator of Cebu Pacific, said the capital expenditures budget of the group this year has been set at P24 billion

  • Asiana offers US flights for only $570

    May 18, 2017 10:50 AM 4

    Asiana Airlines said it is offering round-trip flights to the US by as much as 77 percent off for a limited time only. The airline company said passengers could simply use BPI credit card to purchase ticket to take advantage of the seat sale. In the US, flights to Los Angeles, San Francisco, Seattle, and Honolulu are priced at only $570. From Manila

  • Manila's refusal of aid puts EU trade at risk: analyst

    May 18, 2017 8:12 AM 5

    MANILA – The Philippines risks delaying a proposed free trade agreement with the European Union after Manila decided to refuse aid from one of its largest trading partners, a risk analyst said Thursday. The EU “will take a dim view” of the Philippines’ move, Eurasia Group director for Southeast Asia Peter Mumford told ANC’s Market Edge with Cathy Yang. “It definitely