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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…

Taking the lead in providing quality health care in the Philippines

The country’s leading health maintenance organization (HMO) is ushering in a new era for healthcare delivery in the Philippines. While it has long been making quality healthcare accessible to more Filipinos across the country, MediCard Philippines Inc. has also been, over the last several years, spearheading a new cycle of transformation in its delivery, particularly…