Converge sustains subscriber growth with revenues up 40% in Q1 2022

The country’s leading fiber broadband provider Converge ICT Solutions Inc. has grown its revenues by 40% to P7.75 billion in the first quarter of the year compared to the same period last year, on the back of continued strong residential subscriber increase and accelerating demand from enterprise clients.    In its first quarter financial and […]

Converge at High End of Residential Subscriber Guidance, Resulting in 69.2% Y.O.Y Revenue Growth for FY2021, Record Annual Profitability With P14.8BN EBITDA (55.9% EBITDA Margin) and P7.2BN Net Income (27.0% Net Income Margin)

The Philippines’ only pure-play high-speed fixed broadband operator, Converge Information and Communications Technology Solutions, Inc. (PSE: CNVRG) (“Converge”) ended 2021 with 1,691,550 residential subscribers, a 63% increase from December 2020 reaching the high-end of its goal of 1.6-1.7 million subscribers. As the fastest growing fixed broadband operator in the Philippines, the Company deployed approximately 647,000 […]

Local Products Fuel Business Growth and Empower Communities

Shopee, the leading e-commerce platform in Southeast Asia and Taiwan, continues to support local sellers through the #TatakPinoy: Shopee Celebrates Local campaign. During the campaign, Shopee held a contest where users voted for their favorite among 12 Filipino sellers. Uniq.mnl, Chelssydresstaytay, and Mighty Clean emerged as the top three winners, where they not only exemplified […]

Pioneer Crowdfunding Portal Investree Seeks to Bridge Financing Gap for Pinoy SMEs, Spur Sustainable Growth

Investree Philippines is a crowdfunding portal that enables local SMEs to springboard and achieve success through fast, transparent and secure financing options. #EveryoneCanGrow   The future is looking bright for businesses and investors in the Philippines as economic activity and people mobility continue to safely reopen even amid the threat of Omicron. Many companies are […]

Shopee rounds off a memorable 12.12 Big Christmas Sale with a six-time uplift in visits on December 12

Shopee, the leading e-commerce platform in Southeast Asia and Taiwan, concluded the region’s most joyful year-end celebration, the 12.12 Big Christmas Sale, with visits surging six times on December 12 compared to an average day. Shopee users also enjoyed the best deals and rewards on their holiday shopping, with over 850 million Shopee vouchers claimed […]

Top Talents to Tech Leaders: The Key to Sustained E-Commerce Growth

E-commerce platforms continue to strengthen their foundation in the global retail market with constant innovation and improvements in the consumers’ overall online shopping experience. Along with the immense demand for quality products and services, there is also a great need for tech talents who will drive the growth of e-commerce locally and internationally. The value […]

Smart leads in 5G network rollout and experience, to deliver triple-digit growth in 5G users

PLDT wireless arm Smart Communications, Inc. (Smart) is expecting to deliver a triple-digit increase in 5G users in the next few years as it continues to lead in the 5G space by providing the fastest 5G speeds and the widest 5G network coverage in the Philippines.    This outlook is based on the rapid growth […]

Beeinfotech PH bullish on data center growth as hyperscalers arrive in country

Data center services provider Beeinfotech PH (Bee Information Technology PH Inc.) is confident that the Philippine data center market is ready to cater to the needs of global hyperscale companies. This is due to a variety of factors, including the growth of enterprise cloud and data center adoption in the country, rising Internet use, and […]

Developing Young Tech Talents is Crucial to Support the Growth of E-Commerce

E-commerce continues to play a significantly important role in the Philippine market and is estimated to be worth US$12 billion by 2025. As more consumers turn to e-commerce, and as more businesses capitalize on the potential of the emerging digital economy,  there is also a rising demand for qualified tech talents. According to Linkedin, tech […]

GCash expects to surpass inclusive growth targets, offers full array of financial services

The Philippines’ leading mobile wallet GCash reported that it expects to exceed its inclusive growth targets on the full array of financial services it offers in the country, spanning credit, savings, insurance, loans, and investments. It also announced that it is doubling down on lending as Filipinos move towards digital finance. Having the first mover […]