Globe reported an all-time high of P18.3 billion in Corporate Data revenues in 2023, outpacing the prior year’s performance by 7%. This milestone was mainly spurred by the strong demand for Information and Communications Technology (ICT) services, which grew 14% year-on-year.
The fourth quarter of 2023 also witnessed a 6% increase in Corporate Data revenues, reflecting robust growth in cloud and cybersecurity services.
Globe’s ICT services encompass a comprehensive range of solutions tailored to meet the changing needs of businesses in a digital world. With a focus on innovation and reliability, Globe provides all kinds of enterprises with the tools they need to streamline operations, serve customers better, and facilitate progress.
Additionally, Globe’s cloud services offer flexible and scalable options for data storage, backup, and application hosting, empowering organizations to leverage the benefits of cloud computing securely and efficiently.
Globe’s cybersecurity services also provide unparalleled protection against cyber threats, safeguarding sensitive data and ensuring business continuity.
“We are glad to see our Corporate data service revenues growing as we continue to explore optimal solutions to support our enterprise clients and provide them with more ways to embrace digital transformation. Despite the challenges posed by the current economic landscape, we remain focused on delivering value and enhancing our offerings across our business lines,” said Ernest Cu, Globe Group President and CEO.
The exceptional performance of the Corporate Data business, along with the mobile segment, complemented by the strong expansion of non-telco services, was also instrumental in achieving Globe’s record-breaking consolidated service revenues in 2023.
Consolidated service revenues reached PHP162.3 billion, representing a 3% increase from 2022’s previous record of P158.0 billion. This accomplishment underscores Globe’s unwavering commitment to delivering exceptional services to its customers while driving sustainable growth across all business segments.
With a strong foundation in ICT services and a commitment to innovation, Globe is well-positioned to capitalize on emerging opportunities and drive sustainable development in the years to come.(PR)
Shocks
Cracking joking remarks about the roads of Samar province which is spotted deep cracks and potholes, the vice president did not sound funny although people made fun of her remarks. The video went viral as the plot of her tale about hers and her retinue travelling by land from the southern island dubbed as the land of promise through the southern island of Eastern Visayas to the island of Luzon and the National Capital Region. She sounded surprised that the road in Samar province is dilapidated, spotted with deep cracks and potholes, as if it is the first instance she passed through such roads.
It was followed with a query if it is the same road where commercial goods are moved from the island of Mindanao to the island of Luzon. If it is it, then commerce is in peril as the passage of goods from manufacturing regions to the regions where good are marketed, distributed and sold to the end-consumers. The delay in the transport of goods and the high cost it would entail in terms of fuel and manpower cost would surely be an added burden that will be passed to the end-users.
As the issue earned public interest, people started asking about the root cause why the dilapidated roads are not being repaired. The interview of the district engineer where the roads are situated bared the excuse that it is caused by the lack of funds for such purpose. The explanation that his office had submitted a program for budget allocation that would cover the needed repairs was not approved by congress. That is why the dilapidated roads could not be repaired in due time as it would entail another fiscal year for a new budget proposal.
The message sounded as if asking for people’s understanding that they have to bear with the inconvenience. In fact, the highway official had taken efforts to distribute the inadequate budget to piecemeal allocations to the different projects in the district. That sounds good if not for the fact that the limited funds are being spent for the repair of roads that appear good and without damage while the damaged roads are left unattended.
If the explanation is true that the reason is lack of funds, the burden is upon the representatives comprising the lower house of congress. While the national budget has increased into trillions of pesos, the budgetary allocation for each department had to be limited within the size of the economic pie. It now boils down to the influence that each representative can exert over the others in order to get the bigger slice of the pie.
Left unsaid in the tales are the deep cuts in the budget from each project. It cannot be gainsaid that the limited budget for a project is made too small as grafters cut the corners of the small pie, leaving too little for the contractor who implements the project and had to earn as well. In the meantime, the affected motorists and the riding public have to repair their vehicles with stronger shocks.
comments to alellema@yahoo.com