Jun 092017
 

The Philippines is enjoying a co-leadership status in Asia Pacific, together with Thailand and China, in gains in average speeds for internet connection.

Akamai State of the Internet

The State of the Internet first quarter 2017 report of Akamai cited the Philippines’ 20% quarterly boost in on the average connection speed metric despite the country’s 5.5 Mbps rating which placed it at the bottom rank of the 15 APAC countries surveyed.

Akamai, the world’s largest and most trusted cloud delivery platform, further suggests that despite the Philippines’ lowest ranking position, it foresees improvements based on the current administration’s plans and projects.

“…first quarter announcements suggest it may see improvements to its infrastructure in coming years, as Philippine President Duterte approved a plan to deploy a national broadband network at an estimated cost of $1.5 billion to $4.0 billion (77 billion to 200 billion pesos).

The network will be used to host a national portal and other online government services, as well as to connect remote areas of the country that are underserved by existing broadband providers.

Deployment could begin as early as June, with a three- to five-year timeline for completion,” said the Akamai report.

In terms of 15 Mbps broadband adoption, the Philippines’ first quarter showing at 72%places it at 3rd rank after China and SriLanka.

Akamai also reported the Philippines enjoys solo lead for the region’s 4 Mbps broadband adoption, with the largest quarterly increase pegged at 26%.

The Philippines ranking on the Akamai report is based on data gathered from the Akamai Intelligent Platform, that provides insight into key global statistics such as connection speeds, broadband adoption metrics, notable Internet disruptions, IPv4 exhaustion and IPv6 implementation.

 

The post PHL internet speed makes huge gains, Akamai says appeared first on Good News Pilipinas.

Apr 132017
 
Globe’s Ernest Cu hailed as country’s Best CEO

Ernest Cu Globe President and CEO Ernest Cu has been hailed as the Philippines’ Best CEO by FinanceAsia.  Cu bagged the top spot in the Best CEO category with 23 points according to the survey conducted by FinanceAsia, a leading publisher of financial news in the Asia Pacific region. The survey asked 180 portfolio managers and buy-side analysts from around the world on their views of listed companies in Asia with the best senior executives. “The host of citations from FinanceAsia underscores our commitment to achieve remarkable results not only in terms of financial performance but also in adhering to the principles of good corporate governance, corporate social responsibility and investor relations. I am deeply honored that Globe has been recognized for our remarkable efforts in the industry,” said Cu in a media statement. Cu emphasized that the recent success of Globe was at the heels of the company’s purpose-led transformation to become a better organization ready for the future. Anchored on its corporate vision of leading a Philippines where families’ dreams come true, businesses flourish and the nation is admired, the company defined its purpose moving forward to treat people right by creating a Globe of Good. Globe aspires to be an industry leader with purpose, helping customers discover new ways to enjoy life. Cu is the only Filipino executive to be ranked in the 2016 Global Telecoms Business Power 100. Under Cu’s leadership, Globe has remarkably gained market share every year over the last 5 years despite intense industry Read More …

Feb 202014
 
Globe sees better 2014 amid lower write-downs

MANILA, Philippines – Ayala-led Globe Telecom Inc. is looking at better earnings this year as the amount of one-time write-downs arising from its $790-million network and information technology modernization and transformation program is expected to be completed in the first quarter of the year. Ernest Cu, president and chief executive officer of Globe, said in an interview with reporters that the accelerated depreciation arising from its transformation program is expected to be completed within the first quarter of the year.  “There will some more left because I believe we still have in the first quarter some things to write off… The strength in the core business remains. It has been that way over the past three years and we expect it to continue that way,” Cu said. The company’s net income plunged 28 percent to P4.96 billion last year from P6.85 billion as accelerated depreciation charges related to assets affected by the modernization program jumped 78 percent to P9.06 billion resulting in a 17-percent rise in depreciation charges to P27.48 billion. However, Cu said the focus should be on the core income that measures the underlying financial performance of a company. Business ( Article MRec ), pagematch: 1, sectionmatch: 1  “The core net income of the company shows you the underlying performance is outside of these one time extra ordinary events of transformation. Transformation means we took away the old equipment, we threw them out or sold them at salvage value and we have to write them down. But it Read More …