Business World

GCash disburses P40-B loans

GCash has disbursed more than P40 billion worth of loans after expanding to more lending products like GLoan and GGives, the e-wallet service announced Monday, September 26. Altogether with GCredit, GLoan and GGives, GCash has logged one million active borrowers as of end- June. GLoan provides pre-approved access to up …

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Telcos battle illegal cable cutting

Local telecom and cable providers have formed a coalition for the “Oplan Kontra Putol” campaign, in an intensified battle against illegal cable cutting. Perpetrators intentionally cut cables and wires, often selling them for profit. “This illegal act robs our customers of the steady internet and cable TV service they need …

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PSE allows e-wallets to attract retail investors

The Philippine Stock Exchange is aiming to get more retail investors to participate in the local stock market by opening up access to market data as well as allowing the use of e-wallets to purchase shares of listed firms. According to PSE President Ramon S. Monzon, this technology initiative — …

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AEV plans up to P12-B bond offer

Aboitiz Equity Ventures Inc. (AEV) is planning to raise up to P12 billion from a proposed bond issue—the fourth and final tranche under its existing shelf registration as well as the initial tranche of its new three-year shelf registration program amounting to P30 billion. Philippine Rating Services Corporation (PhilRatings) said …

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DOTr adds buses on EDSA Busway

The Department of Transportation (DOTr) is eyeing the addition of buses to the EDSA Busway (the EDSA Carousel system) as part of measures to ease traffic congestion in Metro Manila, according to Transportation Secretary Jaime Bautista. It is the objective of the DOTr to require bus operators with units running …

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PAL lauds Japan move to relax travel restrictions

Philippine Airlines (PAL) lauded Japan’s decision to re-open to tourists, effective October 11, after two and a half years of Covid border restrictions. Removing the cap on the number of people entering Japan and resuming visa-free travel for visitors from specific countries, will boost flights and drive tourism traffic, according …

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