In an order dated July 29, the SEC found that Katuwang Poultry has been publicly offering securities to the public through Facebook, without the necessary license from the commission.
Globe said it has already requested the NTC to temporarily disconnect the interconnection trunk lines between Globe and DITO over persistent fraudulent calls.
In a statement on Tuesday, Aug. 8, Smart Communications vice president for regulatory affairs Roy Ibay said DITO’s complaint is diversionary tactic to escape liability on the fines imposed by the government for its fraudulent voice traffic.
In a statement on Tuesday, Aug. 9, Globe claimed the penalties were brought about by fraudulent calls placed through DITO's network to Globe, bypassing proper voice traffic channels.
The Manila Electric Company (Meralco) has decided to partner up with tech-driven engineering consultancy firm ESCA Engineering to retrofit a few of its Metro Manila-based business centers, as part of the company’s overarching goal to improve energy efficiency and the disaster-resiliency of its facilities.
DITO has filed a complaint before the Philippine Competition Commission (PCC) against Globe Telecom and Smart Communications for their alleged abuse of their market dominance through interconnection woes.
Globe Telecoms, Eastern Communications, and InfiniVAN marked a milestone as they kickstarted the deployment of fiber cables for the Philippine Domestic Submarine Cable Network, a joint project worth around $150 million or about P8.2 billion.
The Securities and Exchange Commission (SEC) said it has cancelled the lending license and corporate registration of Flying Bear Lending Corp., operating as Yopeso, Morepeso and Rapidpeso, over its failure to disclose its online lending platforms (OLPs) to the agency.
Of the total nabbed between July 18 and 24, 6 suspects, all contractors of another telco player, were arrested for stealing Globe copper wires along Manuel L. Quezon St. in Cabancalan, Mandaue City, last July 19.