Business Archives - Digicast Negros

Sep242023 by Digicast Negros StaffNo Comments

Negros Organic Farmers Festival, Terra Madre Visayas set Nov. 15-19

The 16th edition of the Negros Island Organic Farmers Festival and the 1st Terra Madre Visayas will be held in Bacolod City, November 15 to 19. Both festivals will be held on the same dates and at the same venues, which will be at the Provincial Capitol grounds, North Capitol Road, Negros Residences, and the Food Terminal Market of Occidental Negros (FTMON), a press release from organizers said. Since the maiden festival in 2006, the provinces of Negros Occidental and Negros Oriental have hosted this annual gathering, the longest-running organic festival in the Philippines and in Asia. Leading this year's activities are Governor Eugenio Jose Lacson of Negros Occidental and Governor Manuel Sagarbarria of Negros Oriental. Sagarbarria has pledged his support to rekindle the p...

Sep112023 by Digicast Negros StaffNo Comments

SSS to cover Bais City jail inmates, officers

Business

JO3 Jhonna C. Abrasaldo, Corporate Executive Officer of SSS Bais Mercedita B. Celis and OIC Warden JSINSP Julia K. Sale after the ceremonial signing * The Social Security System (SSS) Bais Branch and Bais City Jail recently sealed a joint commitment in expanding social security coverage and maintaining the active SSS membership of its inmates and officers through the KaSSSangga-Collect Program. Under the signed agreement, 78 qualified inmates and 30 officers will soon be an active SSS self employed and voluntary members while Bais City Jail shall manage the deduction of SSS contributions from their monthly income and remit the same to SSS Bais for proper posting, a press release from the SSS said Monday, September 11. With the regular and timely remittance of SSS contributions, i...

Sep112023 by Digicast Negros StaffNo Comments

Teleperformance PH receives 6th Great Place to Work award

Business, Top Stories

Chief People Officer and Chief of Staff Jeffrey Johnson takes center stage for the final toast speech.* Teleperformance (TP), a multi-awarded top employer in the Philippines, has once again been named as a Great Place to Work® (GPTW) for the sixth straight year. Teleperformance Philippines first received the prestigious award in 2018, and this year marks the sustained streak of Teleperformance as the first and longest GPTW®-certified company in the Philippines and the IT-BPM industry, a press release from the firm said Monday, September 11. On August 24, employees and leaders gathered at the TP Ayala site for “Celebrate 6reatness,” a kick-off event for the company’s sixth GPTW® recertification. GPTW®’s workforce study, backed by the researchers behind the Fortune 100 Best Comp...

Sep112023 by Carla P. GomezNo Comments

Globe foresees rising non-telco revenues within the next 2 years

Business

Globe anticipates significant rise in non-telco revenues over the next two to three years, aligned with its strategic shift from a traditional telco to a techco with a menu of digital solutions on offer. Ernest Cu, Globe Group President and CEO, said he sees its non-telco business contributing to total revenues in various ways. “The non-telco earnings will grow. They could either be consolidated into our P and L (Profit and Loss Statement) or they could be in a sharing equity earnings of a subsidiary if we become a significant minority investor. The other way that it brings value to Globe is it adds to our overall market cap and market value as we create companies that may not be as profitable yet but do create significant value in terms of market valuation that will also show i...

Sep52023 by Digicast Negros StaffNo Comments

Globe to fully cooperate with law enforcers

Business

After the full implementation of the SIM Registration Act, Globe reminds all new SIM users that they should go through the registration process. SIMs being bought in regular retail channels like sari-sari stores and online retailers are selling unregistered SIMs, Globe said in a press release. Earlier reports coming from PNP operatives reveal hundreds of SIMs in the possession of alleged criminal groups caught in various operations. At the Senate hearing chaired by Sen. Grace Poe on Tuesday, September 5, Globe said it is aligned with the Senate’s intent to find out why malicious and dangerous text messages continue to find their way to mobile users’ phones despite the law and industry efforts to clamp down on fraudsters. “Criminals will always find a way to circumvent the ...

Aug312023 by Digicast Negros StaffNo Comments

Globe MSCI ESG rating soarsto AA, highest in PH to date

Business, Top Stories

Globe has achieved a historic milestone in its commitment to sustainability, as it achieved a ratings upgrade to AA from MSCI, marking the highest rating among companies and within the telco industry in the Philippines to date. MSCI ESG Research provides MSCI ESG Ratings on global public and a few private companies on a scale of AAA (leader) to CCC (laggard), according to exposure to industry-specific ESG risks and the ability to manage those risks relative to peers. These evaluations are based on governance structures, policies, targets, quantitative performance metrics, and any relevant controversies, a press release from Globe said. The firm’s ESG Research aims to provide investors with insights into the ESG risks and opportunities of companies worldwide. With Globe's upgrade...

Aug232023 by Digicast Negros StaffNo Comments

Globe achieves 4th closing of another 113 towers

Business

Globe, a leading digital platform in the Philippines, has achieved the fourth closing of 113 towers sold to Frontier Tower Associates Philippines Inc. (Frontier Towers) for P1.4 billion. This amount reflects the value of the tower assets which are composed of 77 percent ground-based towers and 23 percent rooftop towers located in Luzon, Visayas and Mindanao, a press release from Globe said. Globe already received around ₱26.6 billion from Frontier Towers to date, as they gained ownership and management rights to 2,094 towers out of the 3,529 acquired towers, it said. In addition, Globe announced the closing of another 100 towers for ₱1.2 billion or reaching to around ₱13.4 billion received from MIESCOR Infrastructure Development Corporation (MIDC) to date. These tower asse...

Aug212023 by Digicast Negros StaffNo Comments

Globe most consistent fixed broadband provider in 31 locations in PH for Q2 2023

Business

Globe has been recognized as the Most Consistent Fixed Broadband Provider in 31 locations across the country for the second quarter of the year, based on an analysis by Ookla® of Speedtest Intelligence® data, a global industry standard for benchmarking networks. Consistency reflects “a percentage of a provider’s data samples that meet minimum thresholds for download and upload speeds.” The higher the consistency, the better internet performance and quality that consumers will enjoy, Globe said in a press release. Globe's commitment to providing top-notch broadband services has been reflected in the consistency scores across various locations, namely: Las Piñas, Metro Manila, Philippines - 89.16 Bustos, Bulacan, Philippines - 88.96 Mandaluyong, 1550 Metro Manila, Philip...

Aug162023 by Digicast Negros StaffNo Comments

Globe group sustains healthy top line growth

Business

The Globe Group’s consolidated service revenues rose 2 percent to a record P80.4 billion for the first half of 2023 showing stable revenues year-on-year, backed by the data revenue growth across mobile and corporate data businesses. The sustained topline improvement was likewise supported by the robust contribution from its non-telco services, which now account for 3.5 percent of total gross service revenues, a press release from the firm said. Total data revenues as of the first semester of the year amounted to P65.9 billion, increasing its contribution to the topline from 81 percent last year to 82 percent this period, it added. Mobile business revenues as of end-June 2023, stood at P54.8 billion or higher by 1 percent compared to P54 billion reported a year ago, mostly com...

Aug132023 by Mark L. GarciaNo Comments

Pop-up market set

Business, Top Stories

A two-day pop-up market featuring local and homegrown products and brands will be held at Ayala Malls Capitol Central in Bacolod City, August 18 to 19. The “Samahan” Pop-Up Market II, is a two-day social collaboration that will showcase local craftsmanship, homegrown brands, and local sellers, a press release said. It is an advocacy project to spread awareness about mindful consumption, shopping ethically, and making conscious choices, it said. The pop-up market also aims to reduce textile waste by encouraging consumers to invest in secondhand clothing, support circular economy, and lower carbon footprint, the press release added. “Our initiative aims to promote the growth of small businesses by providing them a platform to thrive,” the press release said, adding “It is an...