Business

Affirming its strategic shift from telco to techco, Globe logged unprecedented growth in its non-telco revenues by the end of 2023, reaching an all-time high of PHP4.1 billion for the first three quarters of 2023. This remarkable 44 percent year-on-year growth, up from PHP2.8 billion versus the same period in 2022, signifies Globe's diversification into various digital solutions and sectors is starting to bear fruit, a press release from the firm said. Globe's non-telco revenues now account for 3.4 percent of its total gross service revenues, marking a significant milestone in the company's history. This is attributed to the impressive performance of its subsidiaries and affiliates particularly ECPay and Asticom, followed by notable contributions from AdSpark and Yondu. Further bolsteri...

Salon owner Lee Mikuriya Genolos (1st from right) leads the ribbon-cutting for the opening of Rubels Head Spa in Bacolod City, with her mother, Macaria Genolos (center), and friend Tess Vecera.A new haven for salon treatment and spa pampering has opened in Bacolod City.Rubels Head Spa owned by Lee Mikuriya Genolos, a Bacoleña based in Los Angeles in the United States, offers a relaxing, refreshing, and rejuvenating spa and salon experience.Rubels Head Spa therapists are well-trained to serve clients needing a rejuvenating spa and salon pampering.*Its signature service are head spas which begin with examination of a customer’s scalp with a digital microscope for possible dandruff, alopecia, psoriasis, seborrhea dermatitis, or lice.The customers are able to see the condit...

Leading digital solutions platform Globe blocked another record-high in fraud-linked SIMs in the first nine months of the year via its Stop Spam reporting portal, as it observed a staggering rise in the number of SIMs from other networks used in spam and scam activities.Globe blocked a total of 154,569 SIMs in the first nine months of the year, including 148,515 from other networks blacklisted, and 6,054 from its own network deactivated. This represents a steep climb from the total 35,558 blacklisted and deactivated SIMs within the same period last year, a press release from the firm said.Notably, blacklisted SIMs– which include numbers from other networks– soared this year with 148,515 as of end September, an increase of over 667.8 percent from the same period last year at 19,343....

Access to the government’s official ID database is crucial for telcos to validate IDs submitted for SIM registration.This is the stance taken by Globe it refines its verification process to effectively address fraudulent SIM registrations, a press release from the firm said Thursday, Nov. 23.Globe has started testing new technology to validate photo ID submissions for SIM registration in collaboration with relevant government agencies. While working to improve the tech, Globe renewed its call on the government to allow telcos to cross reference IDs submitted for SIM registration with information on the official databases of ID-issuing agencies.Globe also looks forward to working with the government in integrating Globe’s SIM Registration system in the government superapp egov.p...

Kagawad Mark Lenin Fuentes, Kagawad Rafael Paperon, Incoming Kapitan Marnie Cabuncal, Kapitan Cresenciano Sombero Jr., VMC President Linley Retirado, VMC Business Development Head Giannina Kaw, SK Darwin Dela Cruz, Mr Victor Lapidez, MENRO, SB Mikaela Socorro Escalante, Vice Chairman - Environment Committee and SB Armando Panique, Chairman - Environment Committee (l-r).*In their drive towards a cleaner and greener community, village officials inked an agreement with Victorias Milling Company Foundation Inc. (VMCFI) for the establishment of the first barangay-based Materials Recovery Facility in Brgy. Purisima, Manapla in Negros Occidental, recently. VMCFI is the foundation arm of Victorias Milling Co. that owns the lot where the facility will be constructed which is within the village...

Globe continues to enhance the country's digital infrastructure with the construction of 833 new cell sites and the upgrade of 5,395 mobile sites to LTE in the first nine months of the year.This advancement aims to ensure reliable connectivity and wide coverage across the country, a press release from Globe said.The company’s vigorous efforts in network builds have been pivotal in delivering an elevated customer experience, providing countless Filipinos with access to high-speed internet, it said.Such dedication to improving its services has been recognized with the prestigious accolade of “Most Consistent Fixed Broadband Provider” in 33 towns and cities, along with two provinces for the third quarter of 2023, according to Ookla® Speedtest Intelligence® data. This honor comes...

Globe has renewed its call on customers to be vigilant against unwanted messages they receive from unknown numbers via over-the-top (OTT) media services or chat apps.This, amid reports of rising cases in the wake of stricter SMS regulation through the SIM Registration Act, a press release from Globe said Tuesday, Nov. 14.Fraudsters have apparently turned to using OTT services to evade telco network’s spam filters, with many using foreign numbers, said Anton Reynaldo Bonifacio, Globe’s Chief Information Security Officer.“OTT messages are not SIM-based and do not pass through telco networks. Therefore, we have no control over them. But what Globe can do is once we confirm that an OTT account associated with a Globe number has been used for fraud, we deactivate this SIM. It is imp...

Globe Telecom Inc. signed term loan facilities with Bank of the Philippine Islands, China Banking Corporation and Robinsons Bank Corporation for P3 Billion, P5 Billion and P4 Billion, respectively.The loans shall be used to finance the Company’s capital expenditures (capex), debt refinancing and/or general corporate requirements, a press release from the firm said.As of the first nine months of the year, Globe invested P54.0 Billion in capex, lower by 27 percent than the similar period of 2022. This effort to reduce its capex spending is in line with Globe’s focus on capital efficiency and optimization.Bulk of this amount or 91 percent was allocated for the data requirements to ensure that customers will be able to access the best digital solutions and connectivity anytime, the...

Globe will start enforcing late payment fees stipulated in the subscription agreement for mobile and broadband postpaid customers starting December 1 to encourage on-time payment of monthly dues and ensure uninterrupted services.The late payment fee is not a new fee but has been part of the Globe subscription agreement with its customers, a press release from the firm said Monday, November 6.A minimal late payment fee of P50 will apply to Mobile Postpaid, Platinum and Globe At Home Broadband Postpaid accounts.Charging a late payment fee is standard practice for services with monthly recurring bills including banks and credit card companies. Telco companies abroad also charge late payment fees, the press release said.“For the longest time, Globe had deferred charging the lat...