Globe Signs P20-Billion Term Loan Facility with Metrobank

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To help finance network investments to expand coverage and enhance capacities

Globe President & CEO Ernest Cu (2nd from left) and Metrobank President Fabian Dee, (2nd from right) shake hands following the signing of 12-year and 15-year P20 billion term loan facility. The loan is intended to finance partial acquisition of San Miguel’s telecommunication assets. The transaction, which is expected to provide benefits to mobile internet customers, exemplifies the company’s continuous commitment and investments in improving the network and quality of service. These investments will help support the data needs of existing and new customers and allow them to enjoy their digital lifestyle. Globe Chief Finance Officer Rizza Maniego-Eala (left) and FMIC president Rabboni Francis Arjonillo (right) witnessed the signing.

DOE Intensifies Gasoline Station Inspection for Consumer Protection

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Responding to concerns over methanol blends, Department of Energy (DOE) Secretary Alfonso G. Cusi directed DOE Undersecretary Donato D. Marcos to conduct inspections and sampling of liquid petroleum products in various gasoline stations/retail outlets nationwide for compliance with existing Philippine National Standards for fuels, especially focusing on the presence of methanol in their liquid petroleum products.

Usec. Marcos and DOE-OIMB OIC-Director Melita V. Obillo personally led the inspection of fuel quantity and quality using the DOE-Mobile Monitoring and Testing Lab (MMTL) van together with Senior Research Specialists from OIMB.

Earlier, the DOE shared the information that contrary to the Philippine National Standard (PNS) for petroleum products, methanol is being used instead of ethanol. The presence of methanol in the gasoline can harm and cause corrosion in the engine.

In performing the inspection, the DOE-OIMB applied the standard operating procedures in sampling and testing to determine the compliance of petroleum products.

Further confirmation is being done in the geoscientific research and testing laboratories under the DOE-Energy Research and Testing Laboratories in its headquarters in Taguig.

Globe Telecom and iPhone 7 Customers Help in Mindanao “Rainforestation” Efforts

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Globe signs MoA with Hineleban Foundation, Inc. on five-year Rainforestation Program in Bukidnon and Lanao del Sur

Leading telecommunications company Globe Telecom, together with its thousands of iPhone 7 customers, collaborates with Hineleban Foundation, Inc. on the Rainforestation of Six Mountain Ranges of Mindanao as part of the company’s commitment to sustainable development and good corporate citizenship.

At the same time, Globe signed a Memorandum of Agreement (MoA) with Hineleban for a five-year Rainforestation Program composed of three key components, namely: reforestation, food security, and sustainable livelihood development. The foundation is a non-profit organization which advocates environmental conservation and livelihood development by preserving and restoring mountain rainforests and watersheds, as well as providing livelihood opportunities for indigenous people in Bukidnon and Lanao del Sur.

Customers who received the new iPhone 7 under the Globe MyLifestylePlan were able to participate in various cause-oriented programs including environment protection and conservation through the Globe of Good bundle which allowed the company to make a donation on their behalf to partner groups, one of which is Hineleban.

“We believe everyone should lead a sustainable lifestyle, one which protects and preserves our natural resources so future generations can enjoy our country’s rich heritage,” said Yoly Crisanto, Globe Senior Vice President for Corporate Communications. “Globe has already established a name for its innovations in mobile and connectivity but it is equally important for the company to give back. We have to make our practices sustainable to keep providing top-notch products and services to the customers who trust us. At the same time, we’re inviting them to be part of our efforts.”