PLDT hikes capital spending, rolls out 5G on July 30
July 29, 2020
PLDT Inc. has raised its capital spending budget this year to P70 billion as it rolls out 5G services in key business districts in Metro Manila and soon in other parts of the country starting July 30. It said capital
PSE index up; PLDT shares down
July 29, 2020
The Philippine Stock Exchange (PSE) index rose on Wednesday as the index ended 39.16 points higher to 5,966.27. In the broader market, there were 103 losers, 74 gainers and 47 unchanged. The peso remained steady at P49,19 against the US
World Bank cites Duterte admin’s prudent fiscal program as crucial to PHL efforts to beat COVID-19 pandemic
July 29, 2020
The Duterte administration’s prudent fiscal management strategy has positioned the Philippines as among the countries “in good shape” to meet the challenges spawned by the coronavirus disease 2019 (COVID-19) pandemic and bounce back from this global health crisis, according to
PLDT share prices up, Globe down after Duterte outburst
July 28, 2020
Share prices of PLDT gained Tuesday while Globe slumped a day after President Rodrigo Duterte warned them to improve service by December or face drastic government action. PLDT rose P7 to P1,327 while Globe declined by P10 to P2,000. Share
Globe heeds call of Duterte to improve telco services; PLDT defers comment
July 28, 2020
Globe Telecom said it heeds ”the call of the President to improve telco services “ after the Chief Executive warned telcos to improve service by December or the government will be forced to take drastic steps. “I’ve call(ed) on our
DOF cites President Duterte’s renewed push for the congressional passage of CREATE
July 28, 2020
Finance Secretary Carlos Dominguez III has underscored President Duterte’s fresh call for the Congress to pass the overdue measure providing an outright 5 percent cut in the corporate income tax rate (CIT) along with tailor-fitted incentives for investors, as an integral component
Duterte gives telcos until December to improve service
July 27, 2020
President Rodrigo Duterte on Monday gave telecommunications companies until December to improve their service. In his State of the Nation Address (SONA), he said: ”If you are not ready to improve, I might as well close all of you and
PSE index falls below 6,000 pts; peso at P49.25:$1
July 27, 2020
The Philippine Stock Exchange (PSE) index fell below a key level on Monday. But the peso rose to end at P49.25 against the US dollar from P49.33 on Friday. Volume at the foreign exchange portal of the Bankers Association of
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