Infinera and NEC to Modernize Neutral Networks’ Mexico to United States Fiber Optic Network with Industry-leading ICE6 800G Solution

San Jose, Calif., Mexico City and Tokyo, Jun 29, 2022 – (JCN Newswire via – Infinera (NASDAQ: INFN) and NEC Corporation (TSE: 6701) announced today that Neutral Networks deployed Infinera’s ICE6 technology for its new transnational neutral fiber optic network NEXT. The companies worked closely together to design the largest optical network modernization between […]

Raslag earnings up on higher energy sales 

RENEWABLE energy firm Raslag Corp. reported that its unaudited first-quarter net income grew by 2% to P26.1 million, driven by higher energy sales. Raslag Chairman and President Peter G. Nepomuceno said the company “continues to perform very well on the strength” of its operating feed-in tariff-eligible solar plants. “[W]e expect revenues to grow significantly,” he said, […]

IT-BPO group wants more support from next administration

THE next administration should provide additional support and address issues to sustain the growth of the local information technology and business process outsourcing (IT-BPO) industry, according to the IT and Business Process Association of the Philippines (IBPAP). IBPAP President Jack Madrid said the next administration should further strengthen the digital infrastructure of the Philippines to […]

Mitsubishi UFJ targets Asia unicorns with debt-finance fund

Mitsubishi UFJ Financial Group Inc. is preparing to launch a fund that provides debt financing to Asian startups in an effort to win investment-banking business through subsequent initial public offerings.   Japan’s largest lender will start a $300 million fund early next year after upsizing its first joint-venture fund earlier this year, Chief Executive Officer Hironori Kamezawa said […]

BSP may start hiking cycle next year

By Jenina P. Ibañez, Senior Reporter  INVESTOR pressures would likely challenge the Philippine central bank’s accommodative stance next year amid monetary tightening by its counterparts across the globe, Fitch Solutions Country Risk & Research said.  In a report, Fitch Solutions on Friday said it expects the US Federal Reserve to raise key interest rates by 50 basis points next year, potentially putting pressure on the Philippines to follow suit.  “This […]