Converge Capex Target at Risk Amid Network Rollout Delays
Philippine internet provider Converge may miss its P18 billion capital expenditure target for 2026 due to network rollout delays. The company has already revised its capex and revenue growth forecasts downwards this year, raising concerns about its expansion plans.
Read up to 3 eligible full articles per Japan day (JST) for free
Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.
Related articles
- 監視団体は上院に対し、問題だらけの2027年予算案への下院の「挿入」を撤回するよう要請
マニラ、フィリピン — 治水スキャンダルがよりクリーンな予算の約束を促してから1年以上が経ったが、監視当局は10月26日月曜日、上院に対し、2027年の支出計画のうち1兆ペソ以上が依然として政治的後援の余地があると述べた。 人民予算連合（PBC）は本日の上院財政委員会の公聴会で、その3分の2以上である6,950億ペソがインフラ関連にあると述べた。
- Philippine Peso Weakens Past 64:$1 Amid Economic Growth Concerns
The Philippine peso fell past the 64-per-dollar mark for the first time, extending its record slide. Concerns over the domestic economy's growth outlook and persistent inflation are weighing on investors as a week of major central bank decisions looms.
- Estrada Has P7 Billion in 2025 Budget Initiatives, Former DPWH Chief Testifies
Former Public Works Secretary Manuel Bonoan testified that Senator Jinggoy Estrada has over P7 billion in "congressional initiatives" for the 2025 budget. This statement was made during a bail petition hearing at the anti-graft court.
- Philippines Doubles Corn Import Quota Amid Farmer Concerns
The Philippine government has significantly increased its corn import quota under the Minimum Access Volume (MAV) scheme to address a projected domestic supply shortage. However, the move has raised concerns among local farmers about potential impacts on their income.