Fiber internet giant Converge ICT Solutions Inc. reported a net income after tax of P3 billion in the first quarter of 2025, up 18.3 percent year-on-year, as strong demand for fiber internet services pushed revenue and profitability metrics higher.
The Bitanga family’s PT&T Corp. is undergoing a leadership shake-up as James G. Velasquez steps down as president and CEO after seven years, moving up to become chair of the board.
With travel as a high priority for many, a 2024 study showed Japan is the leading destination for Filipino travelers, with 32 percent visiting in the past year, followed by Singapore (22 percent), Hong Kong (21 percent) and Thailand (18 percent).
PT&T Corp. announced management changes on Tuesday as key executives resigned and moved up to the parent firm Menlo Capital, a privately held company led by businessman Benjamin Bitanga.