SMEs’ Fund Access Improved in 3Q

Small businesses’ access to finance was easier in the third quarter of the year, with banks confident that the country’s strong economic growth would translate into more profitable enterprises. The results of the central bank’s quarterly senior loan officers survey showed that lenders were friendlier to small and medium enterprises, reflecting a higher tolerance for […]
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PLDT, NTT Com, StarHub and TM to Build $430M Fiber-optic Cable System

Philippine Long Distance Telephone Company (PLDT, PSE: TEL) has signed a construction and maintenance agreement with Japan’s NTT Communications and Singapore’s StarHub to build Asia Submarine-cable Express (ASE), a $430-million next-generation high-bandwidth optical fiber underwater cable system. Telekom Malaysia (TM) signed a separate agreement with NTT Communications in Kuala Lumpur.  The 7,200-kilometer ASE system will […]
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