Turmeric growing at Citicore's solar farm in Clark, Pampanga

Power play­ers bet big on RE tech, in­no­va­tion

The coun­try’s power play­ers are lead­ing the charge into re­new­able en­ergy (RE), rolling out projects to meet grow­ing de­mand while keep­ing an eye on the fu­ture with in­vest­ments in in­no­va­tion and new tech­nolo­gies. These in­dus­try movers in­clude AC En­ergy Corp., which is look­ing at proven so­lu­tions it can de­ploy at scale, and Aboitiz Power Corp.,…

fiber optic wires

Converge secures P5-B loan from Landbank in bid for nationwide reach

Converge ICT Solutions Inc. sealed a P5-billion loan deal with state-owned Land Bank of the Philippines to fund its nationwide fiber internet rollout. Pampanga-based businessman and Converge CEO Dennis Anthony Uy said on Friday this would also allow the company to expand its presence in “unserved and underserved” areas in the Philippines. According to Converge,…

highway, traffic, buildings-1031149.jpg

23 foreign, local firms vie for Calamba railway project

Philippine construction giants and an array of global contractors and engineering companies submitted bids to build a portion of the P345-billion Philippine National Railways’ Calamba project. In a statement on Thursday, the Department of Transportation (DOTr) called it a “record-breaking” turnout as the firms vied for six contract packages for the construction of 40.5 kilometers…

wallet, digital, mouse

Paymaya operator secures P8B to fund digital bank dream

The privately held technology company behind the PayMaya mobile wallet successfully raised , or over P8 billion, to fund its expansion and an upcoming digital bank. Voyager Innovations said on Monday the money came from existing investors PLDT Inc., China’s Tencent, global investment firm KKR and the International Finance Corp., through IFC Financial Institutions Growth…

texting, mobile phones, hands

Globe Telecom rolls out free wifi in Antipolo

Globe Telecom rolled out free wifi in government buildings and select medical facilities in Antipolo, a statement on Friday showed. The telco giant further provides the local government with Automated Mobile Blaster (Amber) services to quickly disseminate information to residents as COVID-19 vaccination efforts are ramped up. The measures were announced as Globe extended its…

supermarket, shelf, blur

Monde Nissin gets 11 long-term ‘cornerstone’ investors

Food giant Monde Nissin Corp. has bagged global funds as long-term investors in its anticipated P55.9-billion public debut this month. In a statement on Wednesday, Monde Nissin claimed it had secured commitments from 11 cornerstone investors. These were AIA Investment Management Private Ltd., Stichting Depositary APG Emerging Markets Equity Pool, Avanda Investment Management Pte. Ltd.,…