Day: August 13, 2025

Manila: The Uy-led publicly listed broadband provider Converge ICT Solutions, Inc. has revised its 2025 revenue target from a growth of 14-16 percent to a more conservative 10-12 percent, following the challenges encountered in the first half of the year. According to Philippines News Agency, Converge Chief Finance Officer Robert Yu explained in an online briefing that despite robust demand, several factors necessitated the adjustment. Yu highlighted ongoing difficulties in reducing churn levels due to a manpower shortage, with fiber talent being in demand both locally and internationally. The company is actively working to increase its workforce to address fiber

Manila: Both the Philippine Stock Exchange index and the Philippine peso ended Wednesday with gains, with the local currency strengthening to a 56-level, partly on positive earnings reports of domestically-listed firms. The main equities index rose 0.56 percent to 6,325.09 points, and the All Shares increased by 0.36 percent to 3,764.64 points. According to Philippines News Agency, most of the sectoral indices also gained during the day, including Holding Firms at 1.48 percent, Financials at 1.12 percent, Property at 0.41 percent, and Industrial at 0.13 percent. In contrast, the Services index slipped by 0.92 percent and Mining and Oil by

Ilocos norte: Ilocanos paid tribute to national living treasure Magdalena Gamayo, who celebrated her 101st birthday in the quaint village of Lumbaan-Bicbica in Pinili, Ilocos Norte on Wednesday. According to Philippines News Agency, Gamayo, known as Lola (grandmother) Dalen, received in 2012 the Gawad sa Manlilikha ng Bayan Award from the National Commission on Culture and the Arts (NCCA) in recognition of her mastery in producing intricate designs and inventing her own patterns of abel Iloco or “inabel,” and her passion for keeping the traditional weaving industry alive. To celebrate her natal day, the local government unit of Pinili, through

Manila: The Land Transportation Office (LTO) is on track to meet its revenue collection target of PHP34 billion for 2025. In a statement on Wednesday, LTO Chief Assistant Secretary Vigor Mendoza II said collated data from various regional offices revealed that they have so far collected PHP19.74 billion in revenue. According to Philippines News Agency, Mendoza said the positive collection effort was the result of strategic measures in line with President Ferdinand R. Marcos Jr.’s order for efficient government operations. ‘Tinaasan namin ang target dahil sa assessment namin ay kaya naman. Ang kailangan lang ay agresibo at maayos na mga

Manila: Nine major projects of Manila Electric Company (Meralco) were energized in the second quarter of this year, boosting capacity in Metro Manila and the provinces of Bulacan, Laguna, and Quezon. The Manuel V. Pangilinan-led listed firm on Wednesday said these projects increased capacity in the covered areas by around 450 megavolt-amperes (MVA). According to Philippines News Agency, one of these projects is the ASEANA 115 kilovolt (kV) – 34.5 kV Gas Insulated Switchgear (GIS) Substation in Para±aque City, which caters to businesses in ASEANA 3, Ayala Malls Manila Bay, Bayprime Hotel, Seda Manila Bay, Bayprime Hotel, and Uni-Asia International