Converge ICT earmarks $250M investment to nationwide expansi

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Converge ICT, the country’s premier pure end to end fiber internet service provider, received a multi-million-dollar investment from Warburg Pincus, a private equity firm based in the United States.

Converge ICT has been aggressively expanding its fiber infrastructure with the aim of providing Filipinos access to the more reliable fiber internet connection. The $250 million or P12.8 billion investment will be earmarked on rolling out more fiber connections nationwide.

(L-R) Converge ICT COO Jesus C. Romero, Converge ICT President; CEO Dennis H. Anthony Uy, Maria Grace Y. Uy, U.S. Ambassador to the Philippines Sung Y. Kim, DICT Secretary Gregorio Honasan, and Warburg Pincus LLC Managing Director Saurabh Agarwal

"Since going full throttle with our fiber network roll-out and package offerings, the change in overall Philippine performance has been noticeable," said Dennis Uy, founder and president, Converge ICT. "In 2018, the average connection has risen to 18Mbps. We don't take full credit but the company’s contributions have been undeniable."

This is the Warburg Pincus' first investment in the Philippines. One of the world's biggest equity firms has $20 billion invested in Asia and about $65 billion in assets under management.

"We are excited about the country’s young, digital-savvy population and its thriving services industries, which have created an outsized need for connectivity and will create explosive growth in the broadband space," said Saurabh Agarwal, managing director, Warburg Pincus. "Converge ICT is a remarkable business and growth story and I am confident that it will continue to achieve significant growth milestones and solve the ever-increasing connectivity needs of the country."

Converge ICT is looking at capturing 30% of the country's broadband market in the next few years. With this investment, Converge ICT will be able to fastrack the construction of its $1.8-billion nationwide internet backbone. The current rollout includes a $70-million domestic submarine cable with 20 landing stations across the Philippines. The Luzon backbone is expected to be completed by the first quarter of 2020.

"Converge ICT is the only pure end-to-end fiber internet provider in the country with all-in house capabilities," said Uy. "We have been investing heavily on innovations that would move the broadband market forward so we can be on par with our neighbors. We have rolled out 400Gbps per channel in the past."

At present, Converge ICT is looking at doubling its half-a-million subscribers by next year. Seventy percent of the company's customer base are first-time fixed broadband service users and Uy plans to increase that with more expansions in the coming months.

"We are 100% committed to the long-term success of our partners Converge ICT and, more importantly, the success of the Filipino customers whom we serve, and their connectivity needs we seek to provide," said Agarwal.

The choice of Warburg Pincus to stream fresh funds to Converge ICT is due to the former's deep understanding of the business and expertise. Uy reiterated that it is not always about the money but making the Philippines more competitive in the world market by providing more reliable broadband service.

"To bring about real-life change and progress," Uy said. "That is our commitment to the Filipinos. To serve the under-served and unserved. Together, we will use technology to be what it has been set out to be. To make information more readily available, services faster, communities safer and life, in general, better. Convenience on-demand."

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Small steps that go a long way The SM Store Share Shoes Program brings joy to kids in Isabela

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Shoes are essential in one’s journey through life, especially forstudents. With a pair of good shoes, they will not only be able to fulfill their daily tasks with ease, but it can also inspire them to work hard and take little steps to achieve their dream. 

Students of Diasan Elementary School in Echague, Isabela celebrate after receiving their new pair of shoes.

For most students in the city, a school bus or a stroll down the sidewalk are their usual commute. But for students in the province, it is a different story. 

Samantha, a student from the Diasan Elementary School, shared the hardships she and her classmates face to reach school. 

“Malayo po ang nilalakad namin ng nakapaa. Madulas po ‘pag umuulan at mahirap, maputik ang daan. ‘Yung mga iba po na nakatira sa may bundok, naglalakad po sila ng malayo. (My classmates and I have to walk a long way to get to our school. When the rainy season comes, the slopes become slippery and dangerous which makes it harder for us. The others who live near the mountain walk even farther),” Samantha said. 

Diasan Elementary School is tucked in the middle of the Barangay Diasan, a remote farming community in Isabela with over 600 residents. Students like Samantha have to walk an hour or more on rough terrain to get to and from school and are sometimes forced to skip classes if the river is swollen due to heavy rains.

Despite the challenges, one would be surprised at the great lengths they are willing to go to for their education. The simple gift of a new pair of shoes will allow them to walk to and back to school in comfort and safety. 

These are the kinds of stories that inspired the SM Store’s Share Shoes program to reach to the community to continue its mission of bringing joy - through the gift of shoes that can help make the journey of the students easier and more comfortable. 

Sharing the gift of new shoes

Most students in Diasan have not set foot in a mall before, let alone a shop selling shoes, so as a treat for the kids, employee volunteers from The SM Store, Savemore and SM Foundationtransformed one of the classrooms into a shoe store. They assisted the kids in choosing and fitting their very own shoes from the display of clogs, sneakers, sandals, flats and slip-ons donated by The SM Store MLC Shoes and Bags, and SM’s retail affiliates Crocs and Simply Shoes.

A volunteer washes the feet of one of the kids to teach him the value of proper hygiene. 

Replicating the shopping experience, an employee volunteer from The SM Store Cauayan assists a kid in fitting her new footwear. 

The employee and community volunteers also set up a “Feet Washing Corner” before the shoe fitting to impart the importance of taking care of one’s feet. The kids could not hide their joy as they selected and tried on their new footwear. 

Apart from receiving new shoes, the kids were treated to fun games and groceries from Savemore. The kids even gamely participated in a Zumba dance number led by The SM Store Cauayan employee volunteers. Wearing their new pairs of shoes, the kids enjoyed the activities knowing their feet were comfortable and secure. 

Taking steps to a brighter future

Samantha said that having a pair of shoes is important to protect their feet from injuries.

“Masaya po ako nu’ng nakita ko ‘yung mga kaibigan ko na suot na nila ‘yung sapatos kasi ‘di na sila mahihirapan maglakad ng isang oras papunta ng iskul (I was so happy to see my friends wearing their shoes because now, they won’t have a hard time walking an hour to school),” Samantha said. 

An employee volunteer from The SM Store Cauayan assists a kid in choosing his new pair of shoes. 

Teacher in charge Domenador Mayuyo Jr. shared that for some of the kids, it was their first time to own a pair of shoes, with many of them walking to school wearing slippers or barefoot. 

“It’s the first time for some of our students to receive a pair of shoes. Having a new pair of shoes is like a dream come true for them. It is a blessing for them to receive new pair of shoes that they can use to go to school,” Mayuyo said. 

Through the gift of new shoes, The SM Store hopes to inspire these kids to take those important steps toward achieving their goals. 

A student of Diasan Elementary School walkshome with his new pair of shoes from The SM Store’s Share Shoes Movement. 

Promoting the culture of sharing and purposeful giving

The shoe donation was also accompanied by a medical mission through the partnership of The SM Store with the SM Foundation, Caritas Philippines and the Diocesan Social Action Center of Ilagan. Residents of the community were able to avail of medical and dental consultations, laboratory works, and had X-ray and ECG examinations, and medicines courtesy of the SM Foundation’s Mobile Clinic, all for free.

An employee volunteer and student beneficiaries bond after the program. 

The activity was a part of the SM Share Movement, a program promoting a culture of sharing and purposeful giving among SM shoppers all year long. Since 2015, the SM Share Movement has collected over 1.3 million donations composed of shoes, clothing, books, school kits, disaster kits and toys.

The SM Store’s Share Shoes program encourages its shoppers to donate brand new and pre-loved footwear not just to help kidswalk safely and reach their desired destinations, but to also inspire them to take important steps toward achieving their goals. 

“We would like to thank all the shoppers and our partners who donated and participated in The SM Store’s Share Shoes Movement. This wouldn’t be possible without you. Given the rough terrain and the challenges that these students of Diasan face just to get to their school, the new pair of shoes is a great help to them,” said Cielito Velasquez, Assistant Branch Manager of The SM Store Cauayan. 

One of the classrooms is transformed by SM employee volunteers into a shoe store to give the kids a shopping experience. 

Through the #SMShareMovement Project, the SM Store remains committed to its promise to give back to communities and to be a partner in their development. Through the simple but valuable gift of shoes, they can continue to be a part of Barangay Diasan’s journey as the children take steps toward a brighter future. 

Find out more about the #SMShareMovement’s quarterly donation drives and ways to contribute to upcoming projects, by liking The SM Store Facebook page and by following @TheSMStore on Instagram, Twitter, and YouTube.

Go Tick Your Travel Goals with the #GetGoingToWhere Challenge Powered by TikTok and Cebu Pacific GetGo

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TikTok, the world’s leading short video platform, has partnered with the rewards platform of Cebu Pacific, GetGo, to help Pinoy travelers #FlyForFree and achieve their travel bucket lists with their barkada through the #GetGoingToWhere interactive in-app challenge. 

The #GetGoingToWhere in-app challenge, which runs from September 16 - October 16, 2019, offers lucky TikTok users with the most creative travel videos a chance to win a free flight with their barkada to surf the waves of Siargao, or enjoy the rehabilitated pristine waters and white sands of Boracay, or earn GetGo points! 

The challenge also aims to promote local destinations and share the natural wonders of the Philippines to the global community that’s already featured on TikTok. 

Just download TikTok (available for iOS and Android), upload travel-centric creative videos, and share using the hashtag #GetGoingToWhere. Get creative with your travel videos with the help of TikTok’s easy-to-use tools, including stickers and filters to get you excited for your next trip!

Winners will be selected based on originality, creativity and relevance to the theme and stand to get the following prizes:

* 2nd week major prize - 1 winner of trip for 4 to Siargao inclusive of in-flight meal and luggage allowance  

* 2nd week consolation prize - 10 winners of 1,500 GetGo points  

* 4th week major prize - 1 winner of trip for 4 to Boracay inclusive of in-flight meal and luggage allowance  

* 4th week consolation prize - 10 winners of 1,500 GetGo points 

So, what are you waiting for? 

Get going with creating your wanderlust-worthy travel video with the #GetGoingToWhere TikTok challenge. Check out the mechanics here.

About TikTok

TikTok is the leading destination for short-form mobile video. Our mission is to inspire and enrich people’s lives by offering a home for creative expression and an experience that is genuine, joyful, and positive. TikTok has global offices including Los Angeles, New York, London, Paris, Berlin, Dubai, Mumbai, Singapore, Jakarta, Seoul, and Tokyo. www.tiktok.com.

Gen. Eleazar: Improved Police Security in NCR brings in more Tourists, Balikbayans

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NCRPO Chief P/Maj. Gen. Guillermo Eleazar acknowledged the vital role that ‘peace and order’ plays in the success of the Philippines’ tourism industry.

NCRPO Chief P/Maj. Gen. Guillermo Eleazar

During a press briefing on the coming Investour Forum sponsored by the Philippine Chamber of Commerce and Industry (PCCI) in Taguig City, Gen. Eleazar yesterday shared that tourism has been a major contributor to the gross income of the country and should thus be supported by the police force and has vowed to enhance the NCRPO’s drive against criminality and violence in the National Capital Region (NCR).

“As in all business investment endeavors, peace and order is a pre-requisite to the success of our tourism industry,” Eleazar stressed. “The support towards the tourism industry sectors provided by the police is therefore critical and essential,” he added.

The NCRPO chief noted that one of the most dreaded pronouncements that a country can get is a travel ban which is generated by two factors: the peace and order situation of the area and health concerns in epidemic proportions.

“From our end here in Metro Manila, we have classified special places and festivals as special tourism points, so that we may provide these places and events the necessary emphasis in terms of police service and support,” Eleazar declared.

According to the NCRPO chief, the classified places include places of historical significance such as the Rizal Park and Paco Park. Other areas included in the classification are five-star hotels and casinos, big shopping malls, business circuits and churches with historical significance.

“With a basic strategy of increasing police presence in these areas, we have had a successful and healthy circulation of foreign and domestic tourists, including balikbayans,” Eleazar revealed. “From January to August of this year, the Department of Tourism and our police districts have tallied 38,183,193 tourists here in Metro Manila alone,” he added.

The NCRPO chief attributed the perky tourism industry in Metro Manila to a robust peace and order situation. “Compared to the last three years of the previous administration, the Duterte administration has recorded a 58% decline in the volume of major crimes, such as murder, homicide, rape, theft, robbery, kidnapping, carnapping, motornapping, and serious physical injuries.”

He then proceeded to attribute the improved peace-and-order situation to eight factors:

- The government’s successful war on drugs 

- The increase in the police force that has boosted police presence

- The role of media in sending a clear message that the police force is doing its job 

- The serious internal cleansing instituted in the NCRPO 

- New communications technology and the advent of social media 

- The increase in the salaries of the police

- The president’s order to implement local ordinances against certain night-time activities

- The NCRPO’s Intensified Cleanliness Policy or ICP.

Gen. Eleazar ended his talk by emphasizing that the NCRPO cannot sit on their laurels. “The quest for the ideal peace and order situation is a never-ending grind for any nation, especially in a developing country like ours,” he stressed.

The press briefing, which was held at the Manila House in Bonifacio Global City, was about the coming “Investour Forum on TIEZA’s Flagship Tourism Enterprise Zones.”

The forum will be held at the Centennial Ballroom of the Manila Hotel, Manila on October 15. The Forum will focus on the Implementing Rules and Regulations of the fiscal and non-fiscal incentives as approved by the Bureau of Internal Revenue (BIR) and clarify the difference between the 12 Tourism Enterprise Zones (TEZs), five Flagship Tourism Enterprise Zones (FTEZs), and thousands of Registered Tourism Enterprises (RTEs).

Last call: Samsung’s Blue Month Offer ends on September 30 - Get amazing bundle products for your Samsung purchase!

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Blue Month Offer is in full swing as Samsung’s way of giving thanks to Filipinos for more than 20 years of love and support of the brand. To celebrate their anniversary, Samsung is offering free premium product bundles this season upon purchase of Samsung’s participating products.

“The past two decades would not have been possible without our Filipino customers whose growing demand for product quality continues to push us to create better products. We want to give back the gift of innovation to them by making our products more accessible,” said James Jung, president of Samsung Philippines.

Those looking to buy a new phone can also kickstart their wellness journey this month. With every purchase of the Galaxy A70, A80, S10, or S10e, it comes with a free Galaxy Fit or Galaxy Fit e—Samsung’s newest wearable devices that can track up to 90 workouts.

Meanwhile, families who are looking to upgrade their homes can buy the latest digital appliances including washing machines and refrigerators as these come with a product bundle of Galaxy Fit or Fit e or a Galaxy A20.

They can also upgrade their entertainment systems with the latest Samsung TV. Each purchase of a QLED, Premium UHD, or UHD television comes with a special gift such as the latest Galaxy tablet, a soundbar, a refrigerator, headphones, or its newest flagship device—the Galaxy Note 10.

Gamers also get to level up their gaming experience with a new Samsung monitor for a more immersive game time which will come with Sodexo gift certificates.

These Samsung purchases can also be availed of through 0% Citi Paylite up to 24 months in participating stores nationwide.

Hurry and get the best deals until September 30 only! Visit SamsungPH on Facebook and https://www.samsung.com/ph/offer/blue-month-offer/to know more about the Blue Month Sale.