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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…

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GT Capital Q1 income surges 60% to P4.1B

Ty family-led conglomerate GT Capital Holdings’ first quarter net profit surged by 60 percent year-on-year to as earnings contribution from its banking and automotive businesses rebounded. Excluding nonrecurring items, core net income rose by 19 percent year-on-year to P3.4 billion, GT Capital disclosed to the Philippine Stock Exchange on Tuesday. Automotive arm Toyota Motor Philippines…

Consumers embrace ‘phygital reality’

  If blended learning, initially a peripheral concept, is the likely future of education when the COVID-19 pandemic ends, blended retailing may also become the new normal for commercial establishments as physical and digital worlds collide.In its report “Top 10 Global Consumer Trends 2021,” Euromonitor International calls this combination of in-person and online shopping to…

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Unionbank focuses on new products, platforms

Aboitiz-led Union Bank of the Philippines has invested some P1.9 billion to create new products and platforms that would contribute to social sustainability metrics amid the prolonged coronavirus (COVID-19) pandemic. This investment has, in turn, allowed the bank develop over 100 products and platforms that benefit the bank’s stakeholders and customers, Unionbank head of sustainability…

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Converge to tap undersea cable system via $100-M deal with Keppel, Facebook

Converge ICT Solutions Inc. is securing crucial internet capacity via an upcoming international submarine cable system that is being built by global technology giants. In a stock exchange filing on Wednesday, Converge announced plans to invest over in the project known as the Bifrost Cable System, a 15,000-kilometer undersea cable project from Singapore to the…

Converge on hiring binge to resolve deluge in complaints, subscriptions

Fiber internet company Converge Information and Communications Technology Solutions Inc. went on a hiring spree to address network complaints and delays in installations as customer applications surged during the COVID-19 pandemic. “Currently, we have almost tripled the number of our customer contact agents, bringing our answer call rate to 90 percent,” said Pampanga-based businessman and…

Financing a ‘green’ economic reboot, recovery from pandemic

Washington-based International Finance Corp. (IFC) of the World Bank Group has introduced financing support for Philippine banks that will lend to climate adaptation and mitigation projects amid a push for “green” recovery from the COVID-19 pandemic to generate trillions of dollars in fresh investments. “The program, ‘Scaling Up Climate Finance through the Financial Sector,’ is…