Globe supports lowering of SMS interconnection access rates

GLOBE Telecom supports the National Telecommunications Commission’s (NTC) initiative to lower SMS interconnection access rates to 15 centavos and has fully complied with the NTC memorandum.

Philippines ‘to miss economic target’ this year

EFFECTS of a series of typhoons and weaker global trade will cut the Philippines' chances of keeping its growth target this year, economists said Monday.

Exporters told to turn to domestic market

WITH global trade weakening, Philippine exporters and manufacturers are being advised to set their sights on the domestic market this holiday season.

"For one, the Filipinos are in love with Christmas that consumer spending for the holidays happen all year-round, with the peak period registered in the last quarter every year," said Sergio Ortiz-Luis, president of the Philippine Exporters Confederation (Philexport).

PAL eyes increased tourist arrivals in Cebu

NATIONAL carrier Philippine Airlines (PAL) said Cebu headlines the list of local destinations that it will promote in international road shows.

Philippine-Russian Business Council formed

THE Chamber of Commerce and Industry of the Russian Federation has formally approved the formation of the Russian-Philippine Business Council (RPBC), opening more trade and economic opportunities for Filipino entrepreneurs early this month.

Nokia appoints new head for Indochina-Philippines

NOKIA recently announced changes in its leadership teams that will take effect starting January 2012.

The company has appointed William Hamilton-Whyte as vice president of the newly formed operative unit, which includes Indochina (Vietnam, Cambodia and Laos) and the Philippines.

Globe announces network modernization, IT transformation

GLOBE Telecom Inc. will undertake a landmark mobile network modernization program over the next two to three years, the company said in a statement Friday.

Philippine exports post a two-year low in September

PHILIPPINE exports plunged to a two-year low in September after global demand weakened, the National Statistics Office (NSO) reported on Thursday.

Security Bank Maintains High ROE at 20%

THE Security Bank Corporation (PSE: SECB) earned P4.0 billion, up 21 percent versus year ago levels, maintaining its high return on equity (ROE) of 20 percent.

Emerson among the best and biggest technology and software innovators

ST. LOUIS -- Emerson (NYSE: EMR) has earned three honors from top publications in the technology industry -- a No. 94 ranking on Software Magazine's 2011 list of the world's 500 largest software and services providers, a No. 108 ranking on the InformationWeek 500 list of technology innovators, and recognition on the CIO 100 for innovative use of technology.

Lopez-led pipeline operator dismisses criminal complaints

A LOPEZ-led company that controls the Philippines' only oil pipeline dismissed criminal complaints filed by residents of a Makati City condominium who suffered after the pipes sprung a leak.

The First Philippine Industrial Corp. (FPIC) has yet to receive a copy of the complaint that was filed on Tuesday at the Makati City Prosecutor's Office.

PAL hopes to recover losses from holiday travel

PHILIPPINE Airlines (PAL) hopes that demand for air travel during the holidays will help offset losses caused by a work stoppage nearly one month ago.

"Hopefully we can make a turnaround by that time. However, in terms of projected revenues, it’s too early to say because we don’t have figures/estimate of forward bookings,” PAL vice president for corporate communications Joey de Guzman told Sun.Star.

Prepaid electricity is here but will it benefit consumers?

AS THE Filipino love affair with prepaid mobile services continue to blossom, power distributors and electric cooperatives are racing against time to provide prepaid electricity to millions of households nationwide.

Cebu Pacific hopes to fly 12M passengers this year

GOKONGWEI-led Cebu Pacific on Wednesday expressed hopes of meeting its goal of carrying 12 million people this year after flying over 8.7 million passengers from January to September this year.

For the third quarter alone, the airline posted a 12 percent system-wide year-on-year expansion of passenger volume at 2.8 million, owing to the 22 percent increase in the number of international guests.

Chevron inks Diesel supply contract with Trans-Asia

CHEVRON Philippines Inc. (CPI), marketer of high-quality Caltex brand of fuels and lubricants, recently signed an exclusive diesel fuel supply agreement with Trans-Asia Shipping Lines Inc. (TASLI), a leader in the local shipping industry.

International Outsourcing Summit held in Manila

DELEGATES from 17 countries gathered for the International Outsourcing Summit on October 11-12 in Manila to discuss global market issues.

Themed "Global Market Leaders Addressing Global Market Issues," the activity highlighted sessions that tackled the future, challenges, technology impact and opportunities of the IT-BPO.

Typhoons to push inflation slightly up in October: economist

PRICES of basic commodities are expected to increase slightly in October after twin typhoons last week damaged farms and cut harvest expectations, an economist said Wednesday.

Travel agents ‘still trump internet booking’

TRAVEL agents still trump Internet airline reservations.

Oil purchases, consumer goods lift import bill

THE government on Friday said the steady growth of merchandise imports in July was supported by increased purchases of petroleum crude and durable consumer goods.

September inflation may fall below official forecast

OWING to the peso's appreciation due to slumping global economy, an economist said Wednesday that commodity prices in September might still move below the central bank’s official target for the year.

Convergys plans to expand operations in the Philippines

A CINCINNATI-based contact center company has expressed intentions of expanding its operations in the Philippines.

Misamis Oriental firm, US company sign coconut water supply agreement

VITA Coco, a New York City-based coconut beverage manufacturer, and a Fiesta Coco Equity (FCE), a company in Misamis Oriental, signed a supply agreement for increased production of coconut water.

The agreement forms part of Vita Coco's $15-million investment in the Philippines over the next four years, its co-founder and chief executive officer Michael Kirben said.

Abandon yearly export target: economist

WITH the Philippines' sluggish export performance, an economist on Thursday advised the semi-government Export Development Council (EDC) to drop its 8-10 percent full-year target.

Emerson Network Power joins Philippine 'Green Convergence' forum

MANILA -- In support of the upcoming World Green Building Week, Emerson Network Power, a business of Emerson (NYSE:EMR) and a global leader in maximizing availability, capacity and efficiency of critical infrastructure, is joining "Green Convergence".

"Green Convergence" is a full day of workshops and seminars from industry experts discussing Green Buildings and Low-Carbon Enablement through ICT. The forum is scheduled on September 21 at the Makati Shangri-la Hotel.

Globe posts solid revenue, subscriber base growth

GLOBE Telecom continued its growth momentum after recording all-time highs in consolidated revenues and postpaid subscriber net additions for the first half of the year.

Consolidated service revenues for the first half of 2011 were at P33 billion, up seven percent from last year’s P30.7 billion. Quarterly service revenues reached an all-time high of P16.6 billion, surpassing last quarter’s P16.5 billion.

KeenCell announces launch of beta program for cellphones

KEENCELL Battery Technology, at http://www.keencell.com, has announced the launch of its worldwide cellular beta program.

Guanzon Group takes lead with 2-year motorcycle extended warranty

AS GOVERNMENT and local assemblers work together in boosting the growth and competitiveness of the country's motorcycle industry, a leading multi-brand distributor of motorcycles and motorcycle spare parts takes the lead in the motorcycle retail market by offering an additional one-year and additional 10,000 kilometers warranty on top of the original manufacturer's one-year/10,000 kilometers guarantee.

BPOs bare wish list for ICT industry

WHILE it welcomed the appointment of the country's new information and communications technology chief, business process outsourcing companies said much work is needed to achieve industry targets by 2016.

Globe may face suit over illegal use of brand

A WORLD renowned Italian watchmaker on Wednesday said it may file a case against the country's second biggest mobile phone services player Globe Telecommunications Inc. for supposed unauthorized use of its trademark.

"Tonino Lamborghini s.r.l. shall take any legal action to protect the brand," the company said in response to Globe's use of the company's name and seal for its fastest mobile broadband stick.

Security Bank wins more awards on its 60th anniversary

ON ITS 60th year, Security Bank Corporation (SBC) continues to reap international awards and recognition that affirm its leadership in the banking industry.

With a proven track record in financial performance, Security Bank is recognized for best business practices, technological product innovations, and other citations, placing the bank in the same league as the biggest and best managed corporations in the Philippines and Asia.