DITO Tel expects to secure $3.9-b financing IN BRIEF

tinue as DITO Telecommunity continues to expand its network with commitments to increase population coverage to 80 percent this year and 84 percent by 2024,” he said.

DITO Telecommunity passed its third technical audit conducted on July 8, 2022.

The audit showed that the company reached population coverage of 72.39 percent, surpassing the commitment of 70.01 percent.

DITO Tel also continued to generate minimum average broadband speed of 71.77 Mbps for 4G and 801.19 Mbps for 5G, exceeding the minimum average 55 Mbps commitment.

Metro Retail’s profit grew 80% to P60m in Q1

By Jenniffer B. Austria

METRO Retail Stores Group Inc., a leading retail company based in the Visayas, reported an 80.2-percent yearon-year increase in first-quarter net income as it continued to implement efficiency initiatives.

ABOITIZ-DOLE TIEUP. The Aboitiz Group and the Department of Labor and Employment sign a memorandum of understanding in support of the DOLE JobStart Philippines program. Joining the signing ceremony are (from left) DOLE

Undersecretary Carmela Torres, DOLE Secretary Bienvenido Laguesma, Aboitiz Group president and chief executive Sabin Aboitiz and AEV chief external affairs officer David Jude Sta. Ana. The Aboitiz Group was identified by DOLE as a strategic partner in the implementation of their JobStart Philippines program, which aims to shorten the job search period of young Filipinos who are not in education, employment or training by providing them with career coaching, life skills and technical training and paid internships with major employers.