Lorenz S. Marasigan
BusinessMirror
Philippines
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Past articles by Lorenz:
Digital payments firm eyes to lend to MSMEs this year
Maya Philippines Inc. revealed it plans to lend to micro, small, and medium enterprises (MSMEs) within the year. “The next big opportunity that we see especially for smaller businesses is the need to have all sorts of different loans—bridging loans, first capital loans,” Maya Philippines Chief Marketing Officer Pepe Torres… → Read More
Cherry Home introduces Cherry Electric Kettle
Your kitchen essentials just keep piling up and you’ve already ran out of space? If you cannot Marie Kondo your way and practice the art of letting go, can you believe that you can still add another must-have as if it’s not there? With the Cherry Electric Kettle, it’s possible.… → Read More
Didi faces SEC probe related to IPO in US
The United States Securities and Exchange Commission (SEC) is investigating Didi Global Inc.’s chaotic 2021 debut in New York, when the ride-hailing giant raised $4.4 billion days before revelations of a Chinese probe into data security tanked the stock. Didi’s shares were down 7 percent in US pre-market trading, deepening… → Read More
BBB program under Duterte admin brings ‘golden age of infra’–Sadain
With only two months before President Duterte bows out of office, the government claims to have achieved its goal of ushering in the so-called Golden Age of Infrastructure, albeit completing only a tenth of its 119 infrastructure flagship projects (IFPs), or a measly 1.38 percent of the total cost of… → Read More
British PM: No way Ukraine joining Nato any time soon
LONDON—British Prime Minister Boris Johnson says Ukraine is not going to join Nato “any time soon,” after the country’s president acknowledged Ukraine would not become part of the Western military alliance. President Vladimir Putin has long depicted Ukraine’s Nato aspirations as a threat to Russia, something the alliance denies. Ukraine’s… → Read More
Globe: Telco builds, digital ventures to create more jobs
The chief of telco giant Globe Telecom Inc. vowed to “help buoy” Philippine economy this year through infrastructure builds and network upgrades, saying these initiatives will help generate jobs, and enhance the digital experience of Filipinos. Globe President Ernest L. Cu said the group is “further ramping up activities across… → Read More
Net Asset Value Per Share (NAVPS) Performance (as of February 21, 2022)
Net Asset Value Per Share (NAVPS) Performance (as of February 21, 2022) | BusinessMirror → Read More
PLDT, Multisys unveil Multistore
The enterprise arm of PLDT Inc. has partnered with software solutions company Multisys Technologies Corp. to introduce Multistore, a turnkey e-commerce solution for micro, small and medium enterprises, as a bundle for enterprise-grade connectivity solutions. Multistore is described as a platform “that allows businesses to create an online presence for… → Read More
IATF puts NCR, 7 provinces under AL2 from Feb. 1-15
METRO Manila and seven other provinces are to be placed under Alert Level 2 from February 1 to 15. Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF) Co- Chair and Acting Palace Spokesman Cabinet Secretary Karlo Nograles announced on Sunday that the IATF has placed Batanes, Bulacan,… → Read More
Globe warns public of SIM swap scam
Globe Telecom Inc. warned the public on Sunday about the resurgence of a so-called SIM swap scam. It involves a fraudster gathering various information from a target individual for the first few days or weeks of the scam. These include personal information, e-mails, bank account details, and trading information, among… → Read More
Fabian and monsoon spell damage to infra at P1.17B; crop toll climbs to P698.76M
The Department of Public Works and Highways (DPWH) estimates that the damage caused by Typhoon Fabian the southwest monsoon spell to roads and flood-control structures has reached P1.17 billion, even as the Department of Agriculture (DA) reported that total agricultural damage and loss has reached P698.76 million, affecting 26,994 farmers… → Read More
Cebu Pacific operator eyes P16 billion in recapitalization to fund reboot
CEBU Air Inc., operator of Cebu Pacific, may not see operations of its airline business returning to pre-pandemic levels this year but now prepares for another round of fund-raising activities that may provide it with another P16 billion in fresh capital for its expected reopening of the market. Trina E.… → Read More
Globe expands 5G outdoor service
Globe Telecom Inc.’s 5G outdoor service now covers 80 percent of Metro Manila, its chief honcho said on Thursday. Ernest L. Cu, the company’s president, said this means that Globe now has 884 locations in Metro Manila that are powered by 5G. This feat, he added, was achieved through the… → Read More
Smart moves to improve 5G offering
Smart Communications Inc. is further developing its 5G offering through the preparation of its network for carrier aggregation (CA) features, which essentially allow the telco to combine various frequencies to provide more seamless and faster mobile data services to its subscribers. Arvin L. Siena, who heads the technology strategy and… → Read More
Ang: Toll fees waived by SMC for health workers hit P138 million
DIVERSIFIED conglomerate San Miguel Corp. (SMC) said on Monday that waived toll fees for frontline workers have reached over P138 million as of Sunday, nine months since the company implemented the policy to help combat Covid-19. Ramon S. Ang, the company’s president, said the program will remain in place, as… → Read More
PLDT partners with AFPI for fare collection scheme
Telco titan PLDT Inc. and automated fare collections system operator AF Payments Inc. (AFPI) have partnered to provide the transport sector with a “modernized fare and tracking system” that could help the industry deliver more efficient services to commuters. Through this tie-up, AFPI, the developer and operator of tap-and-go payments… → Read More
Government scored for revoking OPS granted to Megawide
While the government continues to evade queries on its subsequent plan after it shelved the unsolicited proposal for the redevelopment of the Ninoy Aquino International Airport (Naia), a policy think tank and a commuter group criticized the state for its supposed unwillingness to rehabilitate the air hub. Infrawatch Philippines Convenor… → Read More
San Miguel taps Boskalis for MIA land development
San Miguel Corp. (SMC) will start the official construction phase of the P740-billion Manila International Airport (MIA) in the first quarter of 2021, awarding an P83.16-billion contract to Dutch firm Boskalis to jumpstart the land restoration and development works in the project site. “Our selection of a global giant in… → Read More
DOF-Neda nix Megawide airport proposal, but firm says it met financing norms
A MEMBER of the House Committee on Economic Affairs on Monday said the Department of Finance (DOF) and the National Economic and Development Authority (Neda) have formally rejected the unsolicited proposal of Megawide Construction Corporation (MCC) to expand and operate the Ninoy Aquino International Airport (Naia), but the noted builder… → Read More
Automated fare system will be interoperable by December–DOTr
AUTOMATED fare collection systems (AFCS) for land transportation should be interoperable by December, as the government finalizes a foreign-funded feasibility study that will create a central clearing house for cashless transport transactions. Department of Transportation (DOTr) Assistant Secretary Goddes Hope O. Libiran said the Export-Import Bank of Korea (Kexim) is… → Read More