Speaking at the 20th anniversary celebration of GCash on Thursday night, Globe president and CEO Ernest Cu said GCash has achieved an impressive set of milestones.
âImagine this little child of ours, which occupied a small number of square meters in the Globe Tower, its valuation is now close to the mother company,â he said. âAnd I think given the growth potential, it could very well be that one day our fintech business will be larger in market cap than our telco business,â he said further.
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DoubleDragon tops off Hotel101-Cebu Mactan Airport
DoubleDragon Corp. is on track to open its 548-room Hotel101-Cebu Mactan Airport early next year after completing the building's structure and topmost floor.
Cebu Pacific consolidates Cebgo flights to NAIA T2
Low-cost carrier Cebu Pacific is relocating island flights to Ninoy Aquino International Airport (NAIA) Terminal 2, evacuating all of its operations in Terminal 4 to make way for the transfer of AirAsia Philippines.
SHERA's P2.9-B fiber cement plant in Phl to commence operations in Q1
The Philippines is expected to reduce its reliance on imported fiber cement once the P2.9-billion plant of SHERA Public Company Limited â the largest fiber cement innovator in Southeast Asia â starts its operation in Pampanga in the first quarter of next year, President Marcos said.
MIAA prepares for new role as regulator
The Manila International Airport Authority (MIAA) is hopeful of getting its proposed organizational structure approved within the year as its shifts to a new role as regulator of the Ninoy Aquino International Airport (NAIA), where the new operator of NAIA has rolled out a new protocol to curb misuse of very important persons (VIP) privileges at the airport.
Metro Pacific Health acquires Diliman Doctors Hospital
Metro Pacific Health Corp. (MPH), the healthcare arm of conglomerate Metro Pacific Investments Corp., has added a new gem to its portfolio, the Diliman Doctors Hospital Inc. (DDHI) in Quezon City.
Aboitiz, Yuchengco join forces for Tarlac expansion
The Aboitiz Group and the Yuchengcos have joined forces to further expand a massive economic estate in Tarlac City that is expected to produce about 60,000 jobs.
Maybank eyes more Islamic banking units
Maybank Philippines Inc. is ramping up its efforts to expand Islamic banking in the country, with plans to activate seven new Islamic banking units (IBUs) by the end of the year.
GCash to surpass parent firm's valuation
E-wallet giant GCash is likely to exceed parent firm Globe Telecom Inc.'s valuation, given its rapid growth.
Disappointing US inflation extends PSEi slump
Investors yesterday closed the week in the red, bothered by the possibility that the US Federal Reserve will take a cautious approach on monetary easing because of higher-than-expected inflation.
BSP names new deputy governor
The Bangko Sentral ng Pilipinas (BSP) has appointed Elmore Capule as its new deputy governor for the corporate services sector, following the retirement of Eduardo Bobier.
