by admin | Mar 28, 2025 | asia, business, commerce, technology, telecommunications
MANILA, Philippines – Globe Telecom Inc. has entered into an agreement worth PHP 1.87 billion to establish a joint venture (JV) with a subsidiary of the Singtel Group aimed at enhancing cloud, data, and artificial intelligence services across the Asia-Pacific area.
On Thursday, the Ayala Corporation announced that NCSI Holdings Pte. Ltd., based in Singapore, will acquire a 51% ownership stake in Globe’s IT subsidiary, Yondu, while retaining a 49% share.
READ:
Globe observes indications of recovery and invests in broadband operations.
Yondu will also gain complete control over NCSI’s domestic affiliate—NCSI Philippines, whose primary services encompass digital applications, infrastructure, engineering, and cybersecurity.
Yondu is an IT solutions company providing services such as custom software development, managed security, e-commerce solutions, and cloud services.
Globe stands to gain from the technological expertise and product range provided by the consolidated assets of the joint venture.
Globe is a collaboration between Ayala Corporation and SingTel, with Asiacom Philippines Inc., their joint venture, holding 52.3 percent of the company.
In addition, Ayala holds a 14.5% share in Globe, whereas Singtel owns 22.2%.
“Our aim for Yondu is to become a positive influence via efficient IT solutions and offerings,” stated Ernest Cu, who serves as the president and CEO of Globe.
Going global
Cu mentioned that joining forces with NCSI will open up new international prospects, allowing Yondu to broaden its scope and provide more effective IT solutions across the globe.
“This partnership represents a crucial step in our expansion within the Asia-Pacific region as we remain committed to investing in order to address the increasing demand for technological services, specifically AI-driven solutions,” said NCSI CEO Ng Kuo Pin.
The transaction is awaiting regulatory approval.
Globe and NCSI are teaming up as the need for digital solutions tailored to businesses increases.
A study conducted by International Data Corp. forecasts that the IT services market across the Asia-Pacific region is expected to grow at an annual compound rate of 6.2% between 2024 and 2028. In this timeframe, the market in the Philippines is anticipated to expand with an impressive 8.7% yearly increase.
In order to enhance its IT services, Globe has also been bolstering its infrastructure to accommodate the rise in data traffic.
Last year, the corporation affiliated with Ayala built 1,212 new cell sites, improved 4,613 current mobile locations, and installed 67,456 home fiber connections. Additionally, they set up 587 new 5G stations nationwide.
by admin | Mar 28, 2025 | business, cargo, commerce, driving, transportation
MANILA, Philippines – Despite entering a field dominated primarily by men, Joy Ann Torres chose driving various sized vehicles as her career. She holds the belief that women make for better and safer drivers than their male counterparts.
Her dad instructed her on driving when she turned 12. By the time she reached 18, she had acquired an official permit enabling her to operate big rigs like buses and semi-trailers. During this period, she also mastered changing tires and diagnosing typical motor issues.
“Frankly, mas madaling ko pong mag-park ng trailer truck,” shares the 40-year-old with a smile.
READ:
Lista, Mober, and Zed make it onto Forbes Asia’s ‘100 to Watch’ list
In 2017, Torres transitioned from being a captain’s steward on a cruise ship to becoming a bus driver. Daily, she would travel the path between Parañaque Integrated Terminal Exchange and Monumento. She expresses that this role held great significance for her, as she felt proud to be among the few women driving public transportation vehicles.
Her 12-year-old daughter frequently boasted to her classmates about how her mom drives a bus for work. “I suppose it made her feel proud knowing that her mommy has a role typically played by dads,” she shares in Filipino.
In 2023, Torres saw a job posting for a female driver of electric vehicles (EV). Wanting a change of scenery, she tried her luck. After hurdling the initial screening and safety process, she was hired as the first female truck driver of Mober, a pioneer in green logistics in the Philippines.
Torres, who is now known as a green delivery specialist, operates Mober’s electric vehicle for transporting furnishings within Metro Manila and Cavite. Accompanying her on these routes are an assembler and a helper.
Inclusive and sustainable
She mentions during an interview with SANGGRALOKA that driving an electric vehicle offers great ease and convenience. One of the reasons for this is that she doesn’t have to concern herself with environmental damage.
Mober is at the forefront of shifting towards eco-friendly deliveries in the Philippines. By concentrating on helping companies reduce carbon emissions from their delivery operations, Mober provides smooth solutions that do not require initial investments.
This B2B platform aids deliveries for IKEA Philippines, SM Appliance Center, Nestlé Philippines, Nespresso, Ajinomoto Philippines, and Maersk.
Dennis Ng, the founder and CEO of Mober, aims to dismantle obstacles by promoting careers in logistics for women. He states, “At Mober, we are committed to fostering an inclusive atmosphere where everybody gets a chance.”
Prior to their deployment, the drivers of Mober’s eco-friendly fleet receive training on the proper handling of the electric vehicles. “We advise them to apply gentle braking,” Ng further explains, “since each time you press the brake pedal, it helps recharge the battery.”
Every truck boasts a battery lifespan of up to eight to ten years with adequate upkeep, enabling them to cover distances of around 210 kilometers per full charge.
‘Handywomen’
In addition to drivers, Mober is currently recruiting female furniture assemblers. Known as “handymen,” these women receive training to assemble and install IKEA furnishings.
Nelda Palisoc previously worked as a domestic helper in Kuwait, Norway, and Hong Kong before she joined Mober last year. She was one of the initial employees hired at Mober as a female assembler.
Following her completion of the upskilling and safety training at the “Assembly Academy” held within the company, she acquired knowledge on the correct usage of a drilling machine and identifying useful tools.
Many times, some customers doubt whether she can handle the task, particularly when it involves assembling big, heavy furniture. She simply smiles at them. “In the end, they will be astonished by my abilities,” states this 45-year-old woman in Filipino.
Torres and Palisoc mention that they have never faced discrimination from their male counterparts. In fact, their fellow workers are quite willing to offer assistance and share their technical expertise with them.
Central Charge
Wing Alforque, who leads transportation at Mober, observes a rise in applications from women seeking roles as truck drivers, assemblers, and helpers.
READ:
Mober introduces completely electric truck tractors.
“They would share with me during interviews their enthusiasm about taking on a role typically dominated by men,” she clarifies.
On March 10, Mober revealed the nation’s biggest commercial electric vehicle charging station. Situated in Pasay City, Central Charge spans 3,000 square meters and features 56 stations designed for e-van and e-truck fleets.
Using a well-organized three-shift schedule, this ₱14 million facility has the capacity to recharge as many as 200 electric vehicles (EVs) per day. The station comes equipped with 50 charging points each rated at 7 kilowatts (kW), along with an additional two stations capable of delivering power at 60 kW for rapid charges. This setup allows Mober to optimize their processes and reduce idle time for their fleet significantly.
The inauguration of the new site comes after the debut of the firm’s initial charging station in 2023, covering an area of 800 square meters with 30 charging stations located in Pasay City.
Solar energy
In order to considerably decrease its environmental impact, Mober is considering installing solar photovoltaic panels along with a 500 kWh battery energy storage system at Central Charge.
“Central Charge isn’t merely about investing in infrastructure; it’s a strategic move to address the rising need for environmentally friendly delivery options while upholding our pledge of zero emissions,” Ng states.
Ng points out that Mober’s innovation surpasses just infrastructure with its exclusive battery management system (BMS) and transport management system (TMS). The BMS aids in prolonging the lifespan of electric vehicles’ batteries, whereas the TMS aims at optimizing delivery paths, cutting down energy usage, and boosting overall operational effectiveness.
The logistics firm intends to construct two extra charging stations, which could be located in either Bulacan or Pampanga along with Laguna. Both the Northern Bolt and Southern Spark facilities will cover an area ranging from 6,000 to 10,000 square meters, aiming to improve their logistics network and facilitate growth.
Mober’s objective is to grow its fleet to 500 units by 2026. However, in the short term, they plan to increase their number to 240 electric vehicles by the end of this year, starting from the current count of 110 units.
“Ng mentions that we’re expecting 100 additional units, which means we require 100 drivers.”
And indeed, the firm is giving priority to recruiting additional female employees.
by admin | Mar 28, 2025 | business, commerce, news, payment processing, technology
A few weeks following the announcement,
strategic partnership
With the technology solutions company Mosaic Solutions, PayMongo—a prominent local fintech platform—has recently partnered with emerging fintech start-up Mochi to enhance payment and invoicing procedures for their customers. As stated in an official announcement, this partnership aims at streamlining “the way businesses handle accounts receivable and cash flow, guaranteeing quicker transactions and decreased operational bottlenecks as electronic payments gain more popularity.”
As a result, the collaboration intends to provide a cohesive solution aimed at removing manual procedures, boosting transaction security, and improving financial operations efficiency.
This collaboration arrives as the nation intensifies its focus on digital payments, with projections indicating that it will surpass PHP 100 billion this year. Data from 2023 shows that the proportion of digital payments by value surpassed 55.3%, whereas the number of transaction volumes hit 52.8%.
Venture Capital Report
by Foxmont Capital Partners and The Boston Consulting Group.
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Moreover, an impressive 91.3 percent of people in the Philippines stated that they utilized online financial services in 2024, significantly above the worldwide average of only 37.8 percent.
Partnering with Mochi reinforces our dedication to fostering the expansion of MSMEs and fintech within the Philippines,” stated Jojo Malolos, CEO of Paymongo. “By incorporating Mochi’s sophisticated billing and collection automation into PayMongo’s payment solutions, we’re enabling local enterprises to thrive in the digital marketplace with assurance.
We are excited to join forces with PayMongo in transforming the way businesses manage payments and collections,” said Guaya Melgar, CEO of Mochi. “This partnership will equip firms with the necessary tools to streamline financial management and concentrate on expanding their operations.
PayMongo serves as a streamlined solution for business payments. As the initial Philippine Fintech company nurtured through the prestigious Y Combinator program in Silicon Valley, PayMongo stands out. On another front, Mochi operates as an accounts receivable tool designed specifically for Filipino enterprises aiming to enhance their invoicing efficiency, minimize errors and fraudulent activities, and offer flexible payment options to clients.
by admin | Mar 27, 2025 | banking, business, commerce, financial services, news
-
READ MORE: Bankwest shuts down ALL branches as it discontinues cash services
Staff at a
Commonwealth Bank
Subsidiaries are feeling ‘pressured and overwhelmed’ due to experiencing another wave of significant layoffs within just twelve months.
Since 2022, WA-based Bankwest, operating under the CBA umbrella, has been gradually moving its business clients over to its parent company.
After three years, the initiative has been completed, resulting in 120 employees losing their jobs, while approximately 30 are anticipated to secure new roles within the organization.
This comes after the elimination of 400 positions last year when the bank shut down all its branches and shifted entirely to a digital platform.
The Finance Sector Union has stated that employees are ‘tired of facing an ongoing threat of job loss.’
‘Ever since Bankwest decided to pull out of business banking three years ago, both customers and employees at Bankwest have been dealing with uncertainty,’ stated National Assistant Secretary Jason Hall.
Our members consistently report feeling pressured and overwhelmed across various departments at Bankwest because of the bank’s continuous series of layoffs and overseas outsourcing.
A representative from Bankwest informed Daily Mail Australia that the role of the 130-member transition team was always intended to be temporally restricted.

‘
“The completion of the business banking transition program will affect around 120 positions held by colleagues based in Western Australia,” they stated.
‘[CBA] The group presently has over 100 vacant positions at Bankwest and CBA in Western Australia.’
‘We will collaborate closely with our affected colleagues to assist them in finding new career opportunities within the Group.’
The century-old financial institution shut down 45 of its branches in the previous year.
Fifteen remaining branches based in regional areas were rebranded under Commonwealth Bank.
Every one of the 400 employees at these sites was presented with new job opportunities, and over 300 decided to take them up.
The bank stated further that an additional 500 positions within the CBA Group, focusing on technology, operations, and customer service, will be relocated to WA ‘to aid Bankwest’s shift towards digital transformation’.
“Regrettably, the WA government was misled in this situation—the promise of 500 group positions was made in exchange for Bankwest transitioning entirely to digital operations,” stated Mr. Hall.

He stated that instead, the bank keeps reducing local employment.
‘It’s evident that this commitment was merely an empty pledge made by CBA to deflect criticism for neglecting an entire community.’
‘Members have repeatedly informed us that they feel pressured and overwhelmed across various departments at Bankwest because of the continuous series of layoffs and offshore outsourcing by the bank.’
The union stated they will be sending a letter to WA Treasurer Rita Saffioti requesting an immediate meeting and urging her to promptly address the issue.
The Daily Mail Australia has reached out to Minister Saffioti for their comments.
In 1995, the Western Australian government sold Bankwest to Britain’s Bank of Scotland, which later merged into the London-based Lloyds Banking Group.
In 2008, Lloyds offloaded Bankwest to Commonwealth Bank for $2.1 billion.
CBA extended the Bankwest brand to key eastern seaboard cities as a competitor brand, even though it was under ownership of Australia’s biggest banking institution. However, in 2018, they pulled back to operate solely within Western Australia.
By 2024, approximately 2,100 branches had closed down across various leading banks during a span of six years.
Read more
by admin | Mar 27, 2025 | commerce, soccer, sports, tournaments
Cebu City, Philippines – The Toledo Xignex Trojans continued their impressive performance at the PCAP All-Filipino Conference, recording two resounding wins on Thursday, March 26.
Leading the Trojans’ outstanding play was recently signed Grandmaster (GM) Mark Paragua, who showcased an impeccable performance in their decisive 17-4 victory over the Iloilo Kisela Knights. The Trojans continued their stellar form by defeating the Camarines Soaring Eagles 17.5-3.5 in their subsequent game later that same day.
Thanks to these consecutive victories, coupled with their initial win, the Trojans currently lead the South Division rankings with a perfect 3-0 (win-loss) record and have amassed a total of 54.5 points.
The Bacolod Blitzers, who remain undefeated at 3-0, follow closely with 45 points, whereas Camarines holds the third spot with a record of 2-1.
During their match against Iloilo, Grandmaster Paragua outperformed Erol Parando at Board 1, securing victories in both the blitz and rapid rounds. Completing flawless performances alongside Paragua were International Masters Joel Banawa and Joel Pimentel, who defeated Hubert Canto and Horizon Villanueva respectively without dropping a single game.
In the match against Camarines, FIDE Master (FM) Ellan Asuela engaged in a tightly fought battle with Chin Lim on Board 1. The encounter concluded as a tie in both the blitz and rapid rounds.
Nevertheless, the remaining members of the Trojans secured vital victories. WFM Cherry Ann Mejia, along with IMs Barlo Nadera and Kim Steven Yap, dominated their respective games against Virginie Ruaya and ex-Trojan Angelo Young. Additionally, IM Yap triumphed over both Coellier Graspela and Marco Balane in individual matchups, clinching an overwhelming victory for Toledo.
At the same time, in the North Division, the AQ Prime Cavite Spartans and the previous PCAP champions, San Juan Predators, lead at the top with matching undefeated records of 3-0.
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by admin | Mar 27, 2025 | commerce, ferries, ferry travel, flights, news
The initial voyage planned by the firm that secured the contract was set into motion.
operate the island’s ferry services
was canceled with little warning.
The DFDS service from Jersey to St Malo was set to leave on Friday.
The Tarifa Jet has been getting some refurbishment work done at Portland in anticipation of its new route, but DFDS mentioned that these improvements have faced delays because of technical problems.
More to follow.
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DFDS releases schedule for Jersey to France ferry services
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Two high-speed ferries unveiled for Jersey
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Additional routes to France included in the ferry timetable have been announced.
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