Headlines
PERSONAL REMITTANCES CLIMB TO US$19.5 BILLION IN THE FIRST EIGHT MONTHS OF 2016
Overseas Filipinos’ (OFs) personal remittances in August 2016 increased by 16 percent year-onyear to reach US$2.6 billion, Bangko Sentral ng Pilipinas Officer-in-Charge Nestor A. Espenilla announced today. On a year-to-year basis, personal remittances for the first eight months of 2016 grew by 4.4 percent from the previous year’s level to US$19.5 billion. Personal remittances comprised largely of transfers from land-based workers with work contracts of one year or more (at US$15.1 billion) and remittances from sea-based and land-based workers of less than one year (at US$4.1 billion). Similarly, cash remittances from OFs coursed through banks registered an increase of 16.3 percent in August 2016. Cumulative remittances I the first eight months of 2016 posted a 4.6 percent increase totaling US$17.6 billion. In particular, cash remittances from land-based workers rose by 6.5 percent to US$13.1 billion while that of sea-based workers fell moderately by 1.9 percent to reach US$3.8 billion. About 80 percent of cash remittances came from United States, Saudi Arabia, the United Arab Emirates, Singapore, the United Kingdom, Japan, Qatar, Kuwait, Hong Kong, and... read moreGlobe seeks support of Vice Governors in building telco infrastructure
Globe Telecom is seeking the support of the League of Vice Governors of the Philippines in building telco infrastructure in the country in line with its vision of ushering the country to become a digital nation by 2020. Specifically, Globe is looking to rationalize the permitting process to mitigate bureaucratic red tape and other political hurdles that stand in the way of deploying telecommunication infrastructure such as cell sites and fiber optic cables. If implemented, this would enable the company to improve data connectivity at lower rates. Emphasizing that data connectivity is a key driver of economic growth in the Philippines, Globe President & CEO Ernest Cu emphasized that a collaboration with the government in developing key telecommunications infrastructure would enhance digital capabilities of the country, enabling local industries and communities to access services and improve productivity. He pointed out that existing telecommunication infrastructure in a given locality, or the lack of it, is oftentimes a direct result of the LGU permitting environment. Securing different permits at LGU level could be very challenging, from the sheer number of permits to the different political personalities that mobile operators have to deal with, said Cu, adding that it takes at least 8 months to complete the permitting process, involving around 25 permits. “We would like to reiterate our call for a closer collaboration with the government as we set out in building a telco infrastructure that would provide world-class data connectivity even in areas outside our major cities,” said Cu. Early this year, Globe launched a plan to create an internet superhighway nationwide. The plan aims to deploy fiber optics in... read more
Auza.Net Brings Kiss 102.3 FM to the World
Earlier last week, Auza.Net accepted the challenge to bring Bohol’s favorite FM station Kiss 102.3 FM to the world via live audio streaming on the web. The company brings in the experience of implementing the DYRD-AM Worldwide broadcast for the last 9 years. The new website www.kiss102fmbohol.com will be officially launched on May 1, 2017. Test broadcast is currently on-going. Mr. Jerome Auza of Auza.Net and Mr. Peter Dejaresco of Kiss 102.3 FM sealed the partnership and are both excited to finally stream the live broadcast of the FM station on it’s own website. On the roadmap is the implementation of a mobile app for the streaming service, as well as integration with social media sites. Auza said that the project was implemented in record time in order to be available for the May 1 festivities during the Tagbilaran Fiesta. The on-the-job trainees of the Auza.Net assisted Auza in the implementation of the project. The setup involved using a virtual private server in Singapore and US to provide for the bandwidth needed to implement the online broadcast. The setup is very similar to one for DYRD-AM Worldwide...No Results Found
The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.