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Globe, Alcatel-Lucent sign broadband deal

Alcatel-Lucent and Globe Telecom  signed a confirmation of award the other day (September 17, 2014) during the President Aquino’s  official state visit to France to upgrade Visayas and Mindanao wireless networks from WiMax to LTE-TDD and LTE-FDD ultra-broadband access technologies. President Benigno Simeon Aquino III and President François Hollande witnessed the signing in a ceremonial […]

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Alphaland makes tender offer for minority shares

Alphaland Development, Inc., a firm controlled by Roberto V. Ongpin, is making a tender offer for the shares of its parent company Alphaland Corporation in order to provide an exit for minority shareholders before its delisting. In a tender offer report to the Philippine Stock Exchange, Alphaland said ADI is making the tender offer since […]

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Fed keeps rates low; Dow ends at record high

Washington – Record-low interest rates will be around for at least a few more months, the Federal Reserve made clear Wednesday. Enjoy the easy money while it lasts. By mid-2015, economists expect the Fed to abandon a nearly 6-year-old policy of keeping short-term rates at record lows. Those rates have helped support the economy, cheered […]

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FedEx set to add 50,000 seasonal jobs

Dallas – Growth in online shopping is boosting profit at FedEx, and the company plans to hire more than 50,000 extra workers to handle what is shaping up as another record year for holiday-season package deliveries. That’s up from about 40,000 temporary holiday workers hired last year. The hiring plan from FedEx Corp. came a […]

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After standoff, Vale and China’s Cosco both claim shipping victory

Rio de janeiro/shanghai – In the end, the answer to Brazilian miner Vale’s Chinese shipping problem turned out to be in the problem itself. For two years, Vale SA’s Valemax mega-ships – designed to cut the costs of transporting iron ore to China – have not been allowed to dock at Chinese ports, stalling the […]

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Resorts World’s Bayshore casino resort opening moved to 2018

Travellers International Hotel Group, Inc. has moved back the opening of Resorts World Bayshore integrated resort in the Pagcor Entertainment City to 2018 from 2016 due to a delay in the turnover of the property. In an interview at the sidelines of the annual stockholders’ meeting of parent company Alliance Global Group, Inc. (AGI), Travellers […]

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PH best for ASEAN

As the ASEAN companies gear up for maximizing opportunities from the ASEAN Economic Community in 2015, the ASEAN Business Advisory Council (BAC) is leading in the search for role models.  The 1st ASEAN Business Awards to be held in Myanmar in November  seeks to recognize both large businesses and small and medium enterprises in 2 […]

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DOE on RE contracts ‘signing spree’

The Department of Energy (DOE) is on signing spree of renewable energy (RE) contracts – with it already firming up a record 649 contracts. The accelerated RE contract signing happened during the tenure of Energy Secretary Carlos Jericho L. Petilla – even surpassing the record set by a former energy chief when RE deals were […]

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Local shares

Local shares advanced some more yesterday, buoyed by the record high overnight close of the Dow Jones industrial average in Wall Street after the US Federal Reservee decided to keep key interested rates unchanged at record lows. The benchmark Philippine Stock Exchange index (PSEi) closed 55.45 points or 0.77 percent higher at 7,287.29 on moderate […]

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Tech buzz

• GLOBE EXPANDS FLAT RATE FOR DATA ROAMING TO MORE COUNTRIES Globe Telecom has expanded the coverage of its standard rate for data roaming of P599 per day to 15 more countries, expanding its coverage to a total of 35 countries worldwide. The default rate for data roaming is now available in Belgium, Denmark, Estonia, […]

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