Malaking tulong ang loading business : Globe empowers women to see through pandemic abante.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from abante.com.ph Daily Mail and Mail on Sunday newspapers.
Published March 16, 2021, 6:00 AM
“The current digital infrastructure of the country is still not enough to realize an affordable and fast Internet connectivity,” Department of Information and Communications Technology (DICT) Undersecretary for Digital Philippines Emmanuel Caintic revealed during a recent online forum.
“One of the major issues we have identified is the regulatory constraints that hinder telecommunications companies to further invest in infrastructure of the country,” he elaborated.
For this reason, the DICT will launch an online portal to assure that registration of companies engaged in the business of establishing or operating the shared cell towers are properly monitored for all parties concerned.
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Metro Manila (CNN Philippines, March 11) Ayala Corporation has reported that its earnings plunged by over 50% in 2020 from the year before as the group s businesses took a hit from the impact of the debilitating health crisis.
In a disclosure to the Philippine Stock Exchange on Thursday, the conglomerate said its net income for 2020 shrank to ₱17.1 billion, a 51% nosedive from the ₱35.3 billion it posted in 2019.
“Ayala’s businesses recorded lower net profits due to the effects of the pandemic on business operations,” the filing read.
Ayala’s real estate arm was the worst hit among its businesses, with Ayala Land logging a 74% drop in net income at ₱8.7 billion.
Ayala Corp reports 2020 profit fall, Q4 recovery bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.