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PLDT non-telco units driving growth
May 16, 2025
|The Philippine Star
Telco leader PLDT Inc. is seeing more growth from its non-telco units, particularly from digital bank Maya Group, at a time when demand for connectivity products is approaching saturation.
PLDT Inc. chairman, president and CEO Manuel V. Pangilinan yesterday said Maya is one of the bright spots for the telco this year, booking a profit of more than P300 million in the first quarter.
As a result, PLDT's share in Maya's equity earnings flipped to a gain of P127 million, from a net loss of around P400 million a year ago.
As of end-March, Maya has acquired 6.8 million customers to raise its deposit balance to P44 billion. Moreover, it is becoming a lender of choice for millions of Filipinos, loaning P120 billion to 1.8 million borrowers.
هذه القصة من طبعة May 16, 2025 من The Philippine Star.
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The Philippine Star
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LOAs now need clearance from BIR chief's office
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Time names 'Architects of AI' as Person of the Year
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NBI seeks Interpol red notice vs Co
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Visa, travel services now available at select SM malls
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PAF aircraft join Phl-US maritime drill in WPS
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DepEd opens 1st fully air-conditioned public school
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Plunder raps filed vs Sara, 15 others
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4 mins
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San Juanico Bridge repair 'partially finished' – Marcos
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2 mins
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