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Indonesian metaverse, satellite companies firm up investment plans in PH

At the sidelines of the 43rd Asean Summit in Jakarta on Tuesday, Sept. 5, Department of Trade and Industry (DTI) secretary Fred Pascual revealed that two Indonesian technology companies -- PT Vaksindo Satwa Nusantara, and PT WIR Asia Tbk – will be investing heavily in the Philippines in the next few years.

Stiffer penalties sought against individuals selling registered SIMs

Sen. Sherwin Gatchalian made the call following a revelation made by the National Bureau of Investigation (NBI) that they have successfully registered with unnamed telecommunications operators' SIMs using the photograph of a smiling monkey.

GCash to start charging P5 cash-in fee for BPI, UnionBank accounts

GCash president and CEO Martha Sazon said at a recent media briefing that the fee is still “much lower” than the P25.00 that banks and other financial institutions usually charge for cash transfers.

PH trails Malaysia in broadband speeds in latest Ookla report

In its report, the Philippines trails behind Malaysia, but is ahead of Indonesia and Laos, when it comes to broadband speeds.

Landbank posts 22% jump in digital transactions for first half of 2023

The state-run bank facilitated 94.7 million transactions worth P1.9 trillion from January to June 2023, representing year-on-year jumps of 22% and 41% in volume and value, respectively.

Smart eyes solar and energy storage as a ‘service’

Smart has completed proofs of concept (POC) for four power source types – Good Grid, Poor Grid, Bad Grid and Off-Grid – in two locations. The first one is an off-grid site in Palawan, where the installation successfully energized the tower the entire day. The second location is a commercial grid-powered site along STAR Tollway.

Converge ICT appoints GM for new SG subsidiary

Converge SG, the international unit of fiber broadband provider Converge ICT Solutions, said it is now up and running and fully geared up to service enterprise customers outside the Philippines.

Japanese electronics firm to invest P4.4B in Batangas plant

Murata Manufacturing, which was founded in Kyoto, Japan in 1944, is engaged in the research & development, production, and sales of ceramic-based electronics used in Apple iPhones and other devices.

Increased spending propels Globe in telco race, analyst says

Mobile metrics firm OpenSignal in its new analysis cited Globe’s record-high of P101.4 billion investment on its mobile and fixed networks last year which saw the company focusing a significant amount into improving infrastructure.

Converge ICT revenues soar to P17B on strong subscriber growth

Total net subscriber additions for residential customers reached 92,000 during the first six months, growing by 5% compared to the same period last year.

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