PHILIPPINES > South Korea based telecom operator, KT, to sign a $47 million optical fiber network contract with Philippines based Converge ICT Solutions  

kt logo South Korea based telecom operator, KT, is set to sign a $47 million optical fiber network contract. The contract was signed with Philippines based Converge ICT Solutions which is a leading ISP. The contract is to build optical fiber neetwork along approimately 1570 km (975 miles) main road in the northern region of Luzon. Converge ICT Solution was awarded a More …

PHILIPPINES > Asian Development Bank (ADB) signs MOU on $7.1 Billion Lending Pipeline for 2019 to 2021

Adb logo Asian Development Bank (ADB) along with Philippines’ National Economic and Development Authority (NEDA) and Department of Finance (DOF) have signed a memorandum of understanding (MOU) stating $7.1 billion sovereign lending program to the Philippines from 2019 to 2021. According to NEDA Secretary Mr. Ernesto Pernia: “I am very happy about this program. ADB has been very cooperative and helpful in More …

PHILIPPINES > Hyatt Hotels Corporation is set to open Grand Hyatt Manila, a 461 room luxury hotel that is also the tallest skyscraper in the Philippines at 1043 feet

Hyatt logo Offering breathtaking panoramic views of the Makati skyline and Manila Bay, Grand Hyatt Manila is the tallest skyscraper in the Philippines at 1043 feet and 461 luxury rooms. Hyatt Hotel Corporation had selected the location of the Grand Hyatt Manila at the crossroads of the financial, commercial and entertainment districts of Taguig, Bonifacio Global City. According to Gottfried Bogensperger, area More …

PHILIPPINES > Tim Horton to expand into Philippines

timhortons Canada based company Tim Hortons, a subsidiary of Restaurant Brands International(RBI) said it has reached a deal with an investor to open the first full-service outlets of the restaurant chain in Great Britain (England, Scotland and Wales) and Philippines. RBI has partnered with a group of investors to establish a master franchise joint venture company to sell the fast food restaurant’s coffee and donuts in More …