The top two telecommunication firms in the Philippines, PLDT and Globe have agreed to buy the SMC telco business for nearly P69.1 billion in a joint deal that will significantly upgrade the slow internet services and connections in the country that have been dubbed as one of the world’s slowest in terms of speed. Philippine […]

One of the country’s leading conglomerates, San Miguel Corporation is now preparing to revive their flagging telecom venture as they set to compete against the two largest telecom networks in the country, Smart Communications and Globe. The launching of the telecom projects will be in the year 2016. According to some sources, a British executive, […]

The country’s flag carrier and Asia’s first commercial airlines, Philippine Airlines (PAL) is certain of pushing through with the $6 billion development of an international airport to house its growing number of aircrafts according to PAL Chief Executive Ramon Ang. Related Article: Dual Airport System to be Implemented Soon (NAIA-Clark Airport) The revelation was made […]

One of the Philippines leading business tycoon Lucio Tan, has reportedly sold his remaining shares in the country’s flagship air carrier, Philipppine Air Lines which leaves conglomerate San Miguel Corp. full control. According to a news report from Philippine Daily Inquirer, San Miguel bought Lucio Tan’s 51% stake of the Philippine airlines, with the deal […]

Asia’s oldest airlines and the Philippines flag carrier Philippine Airlines will be on a potential buy-in deal with one of the Philippines’ largest conglomerates, the San Miguel Corporation. SMC President Ramon Ang’s group is interested in buying a controlling stake of the company with market capitalisation of 32.63 billion pesos ($744.4 million). According to the […]