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Telecommunications In The Philippines
Telecommunications in the Philippines are well-developed due to the presence of modern infrastructure facilities. The industry was deregulated in 1995 when President Fidel Ramos signed Republic Act No. 7925 (The Public Telecommunications Policy Act of the Philippines). This law opened the sector to more private players and improved the provision of telecom services are better and fairer rates, leading to the creation of many telecommunication service providers for mobile, fixed-line, Internet and other services. History Pre-reform Colonial period Two private companies offered telecom services namely Eastern Extension Australasia and China Telegraph Company which is a subsidiary of Britain's Cable and Wireless. The Spanish authorizes Eastern Extension to construct and operate the first submarine cable linking the Philippines and Hong Kong. A telephone network was established in Iloilo City in 1894. Jose de Olagier y Feliu requested permission from the Spanish Officials in t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ricardo Manapat
Jose Ricardo de Leon Manapat (May 24, 1953 – December 24, 2008) was an activist, scholar, writer, researcher, and educator who was the Director of the Records Management and Archives Office of the Philippines (The National Archives) from 1996 to 1998 and 2002 to 2008. He is best known as the author of the book, "''Some Are Smarter Than Others: The History of Marcos' Crony Capitalism''", a work on anti- cronyism exposing the wealth of the Marcos dynasty, and as Editor-in-Chief of the "''Smart File''", Smart File Magazine Animal Farm Series. Early life and education Ricardo Manapat was born on May 24, 1953, in Manila, Philippines. His father, Apolinario B. Manapat (1925–2006), was a mechanical engineer, and his mother, Angelita de Leon (b. 1923), is a pharmacist and was a Professor of Chemistry at the University of Santo Tomas for 30 years. Manapat was the eldest of five children, and his siblings are Maria Teresa, Maria Lourdes, Maria Cristina, and Jose Alfredo. As a young ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Telecommunications Corporation
China Telecommunications Corporation (), known as its trading name China Telecom, is a Chinese state-owned telecommunication company. It is the largest fixed-line service and the third largest mobile telecommunication provider in China. The corporation has three listed companies: China Telecom Corporation Limited (), China Communications Services Corporation Limited (), and Besttone Holding Co., Ltd. (). History The company originated as a government agency of the . On 27 April 1995, it was registered as a separate legal entity as Directorate General of Telecommunications, P&T, China, using "China Telecom" as brand name. On 17 May 2000 it was registered as China Telecommunications Corporation. In May 2002, China Netcom Corporation was spun off as a separate company that was also supervised by the State-owned Assets Supervision and Administration Commission of the State Council directly. It also owned subsidiaries in Beijing, Tianjin, Hebei, Shanxi, Inner Mongolia, Liaoning, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State-owned Enterprise
A state-owned enterprise (SOE) is a business entity created or owned by a national or local government, either through an executive order or legislation. SOEs aim to generate profit for the government, prevent private sector monopolies, provide goods at lower prices, implement government policies, or serve remote areas where private businesses are scarce. The government typically holds full or majority ownership and oversees operations. SOEs have a distinct legal structure, with financial and developmental goals, like making services more accessible while earning profit (such as a state railway). They can be considered as government-affiliated entities designed to meet commercial and state capitalist objectives. Terminology The terminology around the term state-owned enterprise is murky. All three words in the term are challenged and subject to interpretation. First, it is debatable what the term "state" implies (e.g., it is unclear whether municipally owned corporations and ente ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Of China
The government of the People's Republic of China is based on a system of people's congress within the parameters of a unitary communist state, in which the ruling Chinese Communist Party (CCP) enacts its policies through people's congresses. This system is based on the principle of unified state power, in which the legislature, the National People's Congress (NPC), is constitutionally enshrined as "the highest state organ of power." As China's political system has no separation of powers, there is only one branch of government which is represented by the legislature. The CCP through the NPC enacts unified leadership, which requires that all state organs, from the Supreme People's Court to the State Council of China, are elected by, answerable to, and have no separate powers than those granted to them by the NPC. By law, all elections at all levels must adhere to the leadership of the CCP. The CCP controls appointments in all state bodies through a two-thirds majority in t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Udenna Corporation
Udenna Corporation operates as a holding company. The Company distributes and retails petroleum products and lubricants, engages in shipping and logistics services, operates in property development, education, food, gaming, tourism, infrastructure and telecommunications sectors in Philippines. History The Udenna Corporation was incorporated on March 19, 2002. It was founded by Davao City businessman Dennis Uy who decided to establish the company after quitting his family businesses in Mindanao. "Udenna" was derived from Uy's full name, Uy Dennis Ang. Phoenix Petroleum was organized as the first unit of Udenna. It was first involved in managing oil terminals as the Davao Oil Terminal and Services Corporation in the early 2000s but was later renamed Phoenix Petroleum in 2005 and went on retailing petroleum products. Phoenix Petroleum Initial public offering, went public in 2007. To supplement Udenna's petroleum business, Chelsea Shipping Corporation was established in 2006, markin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dennis Uy
Dennis Ang Uy ( zh, c=, p=Huáng Shūxián, poj=N̂g Chu-hiân, s=, t=, first=poj; born September 26, 1973) is a Filipino businessman, government official, and diplomat. Uy is the founder of Udenna Corporation, which has stakes in various businesses including Phoenix Petroleum. Early life and education Dennis Ang Uy was born and raised in Davao City to an ethnic Chinese family based in Davao, which is part of the Uys' third generation. Uy's grandparents, Ega Uy and Tao Sui Eng were ethnic Chinese who settled in Davao as merchants. They had a store which sold fishing equipment and bread while his parents ran a small business which sold copra. He is the eldest among siblings. According to his own account, Dennis played basketball as a childhood hobby while at the same time sold school supplies and basketball cards to his classmates. In 1993, Uy studied in De La Salle University in Manila to pursue a Bachelor of Science in Business Management degree and started to trade in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Consortium
A consortium () is an association of two or more individuals, companies, organizations, or governments (or any combination of these entities) with the objective of participating in a common activity or pooling their resources for achieving a common goal. Consortia are generally nonprofit with a goal to help its members improve their competitiveness in the specific field. is a Latin word meaning " partnership", "association", or "society", and derives from ("shared in property"), itself from ("together") and ("fate"). Examples Educational The Universities' consortium is established to share research laboratories and equipment facilities, exchange faculty and students, provide programs abroad, and form specialized research centers and admissions offices.Wallace Lang D (1975). "The consortium in higher education". ''Journal of Educational Administration'', 13(2), 23-36. https://doi.org/10.1108/eb009730 Generally, it includes a corporate identity, voluntary membership of in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dito Telecommunity
Dito Telecommunity Corporation (stylized as DITO), formerly known as Mindanao Islamic Telephone Company, Inc. or Mislatel, is a telecommunications company in the Philippines which is also engaged in the business of multimedia and information technology. It is a consortium of Dito CME Holdings Corporation, DITO CME Holdings Corporation, a subsidiary of the Udenna Corporation which is owned by Davao businessman Dennis Uy, and China Telecommunications Corporation, a state-owned enterprise of the government of China, government of mainland China and a parent company of China Telecom. The consortium is known as the sole winner of the 2018 Philippine third telecommunications provider bidding, government-sanctioned bidding that would allow the consortium to become the third major telecommunications provider in the Philippines challenging the duopoly of PLDT and Globe Telecom. DITO Telecommunity began its commercial operations on March 8, 2021. It offers commercial wireless services t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
First Pacific
First Pacific Company Limited () is a Hong Kong–based investment management and holding company with operations located in Asia. It involves telecommunications, consumer food products and infrastructure. Businesses Indonesia: * Indofood Sukses Makmur Tbk Philippines: * Metro Pacific Investments Corporation * PLDT * Philex Mining Corporation * Roxas Holdings Inc. Malaysia: * QAF Limited Singapore: * PacificLight Power Pte. Ltd Former businesses * Tech Pacific (1989–1997) – sold to Hagemeyer * Pacific Link (1988–1997) – sold to Hong Kong Telecom * Hibernia Bank (1982–1985) – sold to Security Pacific Bank * First Pacific Bank (1992–2000) – sold to Bank of East Asia The Bank of East Asia Limited, often abbreviated to BEA, is a Hong Kong public banking and financial services company headquartered in Central, Hong Kong, Central, Hong Kong. It is currently the largest independent local Hong Kong bank, and o ... See also * Salim Group Reference ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Smart Communications
Smart Communications Inc., commonly referred to as Smart, is a wholly owned wireless communications and digital services subsidiary of PLDT Inc., a telecommunications and digital services provider based in the Philippines. As of November 2023, it is currently the largest mobile network with 55.2 million subscribers. Smart offers commercial wireless services through its 2G, 3G, 3.5G HSPA+, 4G LTE, and LTE-A networks, with 5G currently being deployed in multiple locations in the Philippines. Smart's terrestrial wireless telephony service is being complemented by its satellite communication services Smart Sat and Marino which also serve the global maritime industry. The company has introduced wireless offerings such as Smart Money, a mobile electronic wallet that also enables its SMS-based money remittance service Smart Padala (now integrated with Maya). It has also been recognized for introducing the world's first over-the-air electronic prepaid loading service call ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1997 Asian Financial Crisis
The 1997 Asian financial crisis gripped much of East Asia, East and Southeast Asia during the late 1990s. The crisis began in Thailand in July 1997 before spreading to several other countries with a ripple effect, raising fears of a worldwide economic meltdown due to financial contagion. However, the recovery in 1998–1999 was rapid, and worries of a meltdown quickly subsided. Originating in Thailand, where it was known as the ''Tom yum, Tom Yum Kung crisis'' () on 2 July, it followed the financial collapse of the Thai baht after the Thai government was forced to floating currency, float the baht due to lack of list of circulating currencies, foreign currency to support its currency fixed exchange rate, peg to the U.S. dollar. Capital flight ensued almost immediately, beginning an international chain reaction. At the time, Thailand had acquired a burden of foreign debt. As the crisis spread, other Southeast Asian countries and later Japan and South Korea saw slumping currencies, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
