First CONNECT Pub Crawl kicks-off in Iloilo City

CONNECT is the first nationwide Pub Crawl brought to you by San Miguel Beer Pale Pilsen that aims to bring friends closer, and create new friendships for that truly memorable #WalangIwanan experience.

Two Music Videos Unite Millennials with Older Generation

San Miguel Pale Pilsen proves that no matter the generation, the essence of brotherhood or samahan remains true.

How do you connect older drinkers with younger ones? At a time when generation gap is more pronounced than ever, San Miguel Pale Pilsen's latest music videos offer both generations a reason to bond with each other.

Globe Business provides PH enterprises access to Android Zero-Touch Enrollment

Philippine enterprises can now take advantage of a fast, simple, and secure deployment method for large-scale corporate-owned mobile devices as Globe Business becomes an official device reseller partner for Android zero-touch enrollment.

Android zero-touch enrollment is a software that allows companies to pre-configure settings so that mobile devices are up and running as soon as the employee receives the handset. It also provides end-to-end security for an organization as it allows IT departments to manage the applications, network, and data through the software portal.

Kickstart Ventures, Inc. to manage new $150M venture capital fund of Ayala Corp.

                     

Kickstart Ventures, Inc., a wholly-owned subsidiary of Globe Telecom, was chosen by Ayala Corporation (AC)  to manage its new $150 million venture capital fund to support startups pursuing innovations along key technology areas in data and analytics, machine learning, artificial intelligence, cloud computing, fintech, automation, real estate, retail, transport, energy, water, health and wellness, and food.

The Ayala Corporation Technology Innovation Venture (ACTIVE) Fund is looking at a range of investments in Series A to Series C or early- to mid-growth stage across four key investment themes - (1) ‘A Frictionless Future;’ (2) ‘From Automation to Augmentation;’ (3) ‘Innovations in Real Estate;’ and (4) ‘A World of Plenty’.

As sole manager of ACTIVE Fund, Kickstart is responsible for seeking companies that offer innovative, scalable, sustainable solutions for the seamless integration of digital and traditional channels such as On-Demand Services, IoT, FinTech, Blockchain, E-Commerce and Omni-Channel as well as the automation and augmentation applications for Artificial Intelligence, Machine Learning, Robotics, Big Data and Analytics, and Cloud Computing. 

Innovative content offers, promos fuel Globe mobile data traffic to surge 5x

Globe Telecom saw its mobile data traffic jump by 421% to 370 petabytes in the first three months of 2019 from 71 petabytes in the same quarter of 2016. This steady surge in mobile data traffic is mostly attributed to more customers streaming videos on their smartphones and tablets.

“With the explosion of data traffic consumption, building more cell towers and modernizing our network infrastructure will continue to play a fundamental role in delivering superior quality of experience to our customers. This is why we will continue ramping up our network rollout and utilizing next-generation technologies to enhance the way our customers experience mobile data,” said Globe President and CEO Ernest Cu.

The company’s mobile data traffic of 370 petabytes in the first quarter of the year is 21% higher than its competitor’s 304 petabytes in the same period. This latest figure is also 105% higher than the 180 petabytes Globe recorded in the first three months in 2018.

Globe Telecom promotes digital inclusion for residents in remote island of Antique

Providing better network connectivity, innovative digital applications, and building digital skills for over 19,000 Semirara Island residents

Over 19,000 residents of Semirara Island in Caluya, Antique now have access to better mobile connectivity, digital applications, and cyber wellness training, as Globe and its partners promote digital inclusion in the remote island community.

Almost an hour flight from Manila, Semirara Island has an area of 55 square kilometers and home to the country’s richest coal reserves. Most of the workers and their families residing in the island are from nearby provinces of Mindanao. Mobile connectivity and digital applications are indispensable in their way of life.

Globe collaborated with the largest coal producer in the Philippines, Semirara Mining and Power Corporation (SMPC), and the local government unit to digitally transform the island.

PARK INN BY RADISSON ILOILO ANNOUNCES ITS INTRODUCTORY PROMOTIONS AND YEAR-ROUND COMFORT FOOD OFFERINGS

23 May 2019, Iloilo City – Park Inn by Radisson Iloilo announces today, its Introductory Rate promotion. The hotel offers 30% off on the best available room rates from May 24 - July 31, 2019. 

The hotel is inviting Ilonggos to be the first to experience extraordinary hospitality starting from the services, amenities paired with the vibrant ambiance along with good food and hip recreational spaces. It is inclusive of buffet breakfast for two, while children up to 7 years can stay and eat for free. The guests also receive a Shop Mag welcome kit with Php100 off valid at The SM Store nationwide and another 10% off vouchers that may be availed at The SM Store Iloilo and Delgado. It aims to highlight the brand’s promise to provide a “Feel Good” ambiance at an enticing price. 

Sharon Cuneta, John Arcilla, stars of hit thriller Kuwaresma urge audience to #PlayItRight

Since the latest horror movie Kuwaresma premiered, Globe Studios and Reality Entertainment has given the Filipino audience a new take on thriller narratives. Top-billed by the country’s own megastar Sharon Cuneta and multi-awarded actor John Arcilla, under the direction of critically-acclaimed filmmaker Erik Matti, Kuwaresma has garnered praise and recommendation with people flocking to the cinemas to get in on the surprising twists and turns of the movie.

Her first horror movie in a 41-year career run, Cuneta reminds movie goers to "be sure to #PlayItRight and stop piracy". Similarly Arcilla also urges fans to say no to piracy and only watch films through legitimate means.

The whole cast and crew of Kuwaresma lauded #PlayItRight, the anti-piracy advocacy of Globe encouraging everyone to support the local entertainment industry by watching local films from legitimate sources only. Matti invites horror fans and moviegoers to go to movie houses with their friends and family.

The film revolves around the family of husband and wife Arturo (Arcilla) and Rebecca Fajardo (Cuneta). Their son Luis, portrayed by newcomer Kent Gonzales returns to their old house with a dark past to unravel the true reason behind the death of his twin Manuela (played by Kent’s real-life sister Pam) who mysteriously died on the second week of Lent. The cast also includes former child actress Guila Alvarez who plays Salve, the medium who warns Luis about him returning back to their old house.

Kuwaresma is now showing at cinemas nationwide and moviegoers can easily catch the movie by easily booking in advance via the GMovies app.

To learn more about the anti-piracy advocacy visit www.globe.com.ph/play-it-right and follow GlobeICON on Facebook.

Globe, Beach Volleyball Republic team up for the FIVB Beach Volleyball World Tour Boracay Open 2019

League participants to also raise awareness on the importance of lessening single-use plastics

Summer’s not quite over yet as Globe teams up with Beach Volleyball Republic (BVR) to bring an action-packed sporting event in the country! A total of 64 players from international (32) and local (32) elite teams will compete in the upcoming FIVB Beach Volleyball World Tour Boracay Open 2019 that will happen from May 23 to 26, 2019 at the White House Beach Resort in Boracay.

The event will not just focus on the sport of beach volleyball since the participating players will also be at the forefront of the campaign for the use of reusable water containers and sports bottles during the tournament and help raise awareness on the importance of avoiding single-use plastics. Globe and BVR will also work closely with the Boracay Inter-Agency Task Force, the local government of Malay and White House Beach Resort, the official tournament venue, as part of the efforts to promote sustainable sports tourism.

“Beach volleyball is one of the world’s most exciting sports competitions, and it will be a good opportunity for the Philippines and for Globe to showcase the country’s capabilities when it comes to hosting global sporting events while also promoting responsible care for the environment through eco-tourism. We hope many Filipinos will head out to Boracay and witness the world’s best of the best in beach volleyball for a great summer to remember and get ready to #GrowTheGame,” says Issa Cabreira, Head of Consumer Mobile Business at Globe Telecom.

KonsultaMD bags major awards at Kidlat Awards 2019

KonsultaMD, the country’s only telehealth hotline and a Globe Telecom subsidiary, continues its winning streak with recent accolades from Kidlat Awards 2019.

KonsultaMD emerged as one of Kidlat Awards’ biggest winners, bagging 5 major awards for creative storytelling and effectiveness for its “Consult a Real Doctor” campaign which was co-created with advertising agency, GIGIL. These include Gold Craft Film Copywriting, Gold Creative Storytelling Film and Bronze Creative Effectiveness Film for “Dok Internet,” Silver Creative Storytelling Outdoor for “Dok Everywhere” and Bronze Creative Storytelling Film Campaign for “Consult a Real Doctor.”

“It is a great way to start 2019 with this new honor, another fitting recognition for our efforts and advocacy of educating Filipinos about the value and importance of seeking professional medical assistance for their healthcare needs. We would like to thank our partner agency, GIGIL and the 4As for this award and for appreciating what we do,” says Maridol Ylanan, Chief Executive Officer of Global Telehealth, Inc. which operates KonsultaMD. 

KonsultaMD is a dedicated platform where Filipinos with medical needs get easy access to primary medical care by talking to a licensed Filipino doctor anytime, anywhere over the phone. The service is made up of a team of licensed, highly trained and experienced medical professionals ready to provide Filipinos with high-quality medical information on a 24/7 basis.

These on-call doctors provide straightforward help regarding healthcare questions and concerns, and information on certain primary conditions like cough, fever, flu, allergies, among others, plus permissible (over-the-counter) medication. The service is also not meant to replace the necessary face-to-face interaction between a patient and a doctor to resolve a medical issue.

To subscribe to KonsultaMD, Globe Postpaid customers only need to pay a subscription fee of P150 a month, available for use by up to four additional household members. Globe Prepaid and TM users can subscribe to KonsultaMD by paying P15 a week or P60 monthly. Meanwhile, subscription for Globe Platinum members is free.

Globe customers may subscribe online at www.konsulta.md or by calling (02) 79880.

For more about KonsultaMD visit www.konsulta.md. or follow www.Facebook.com/konsultamd or @KonsultaMD on Twitter.

TMC Iloilo empowers women to become healthier

As its way of acknowledging the important role that women play in today's society, The Medical City (TMC) Iloilo held its first-eve Women's Forum on May 18.

Bearing the theme "I Juana Take the Lead for a HealthyHer Tomorrow", the said forum was focused on women's health and was graced by women representing different sectors.

The event was highlighted by health talks given TMC Iloilo Women's Center Specialists Dr. Razel Colacion, TMC Iloilo Women's Health Center Program Head; Dr. Anna Marie Euginie Bravo-Melgar, TMC Iloilo Breast Surgeon; and Dr. May Grace N. Rolle, TMC Iloilo Wellness Consultant.

[May 21_10:00AM] Globe Official Statement: U.S. Trade Ban on Huawei

Official Statement on U.S. Trade Ban on Huawei

  

We are aware of news circulating regarding some U.S. tech companies cutting their ties with Huawei. We have received assurance from Huawei that the company will continue to provide security updates and after sales services to its device users using the Globe network. We wish to assure our customers that the current situation at Huawei will not impact its network services.

We will send relevant updates should there be new information that will affect our services.

“Ang Panahon ng Halimaw” bags Grand Jury Prize for Best Picture at 67th FAMAS Awards

Epic Lav Diaz musical celebrates a new noir in Philippine cinema

“Ang Panahon ng Halimaw” (Season of the Devil), a movie by celebrated filmmaker Lav Diaz and co-produced by Globe Studios, was awarded the Grand Jury Prize for Best Picture at the recently held 67^th Filipino Academy of Movie Arts and Sciences (FAMAS) Awards.

The almost 4-hour epic, which stars Piolo Pascual and Shaina Magdayao, was a complete departure from the usual masterpieces of Diaz that cinephiles have associated with his body of work. For “Ang Panahon ng Halimaw,” Diaz effectively mixed his usual austere aesthetics with powerful dialogues set in unaccompanied live “rock opera” fashion to tell a melodramatic story of a society beset of authoritarianism, repression and violence.

Experience a whole new world with Globe and Disney’s Aladdin Movie passes are in store for Globe Postpaid customers!

Get ready to fall in love all over again as Disney’s Aladdin finally hits local cinemas this May 22! Revisit this timeless tale of love, dreams, and trust in this thrilling live action remake of Disney’s 1992 animated classic.

Wishing to witness this live version of an animated legend and relive your childhood? Globe Postpaid has you covered! From May 15 to June 5, 2019, new and recontracting Globe Postpaid customers who apply for ThePLAN PLUS 1299 and up at all Globe Stores nationwide and Globe Online Shop will receive two (2) GMovies passes to Disney’s Aladdin.

EON TRAVEL AND TOURS VISA CENTER AND BUSINESS OFFICE LAUNCHING AND DEDICATION

Eon Travel and Tours was established in 1998. It is the third business enterprise under the EON Group of Companies owned by Mr. Felix H. Tiu in Iloilo City. Regarded as a trusted travel concierge brand in the region, Eon Travel & Tours started as an airline ticketing office and has extended its services by offering inbound and outbound tours, hotel and transportation services and travel document processing to its corporate and leisure-seeking guests.

For decades of being in the travel service industry, Eon Travel & Tours keeps its stature by consistently strengthening its quality products and services whilst nurturing its market relationship and widening its reach by adding more to its client portfolio.

The company offers services such as International & Domestic Ticketing, World Cruise, Travel Insurance, World Tours, Corporate Travel Incentives, Hotel Bookings, Philippine Tours, Visa &Travel Processing and Car Rentals.

Globe Business inspires excellence among PH enterprises at the 13th International ICT Awards

(L-R) Julian Payne, President and CEO of Canadian Chambers of Commerce; Kenneth Flores, WNS Senior Group Manager for Operations; Jovencito Jovy Llanes, VXI Vice President for Human Resources; Sheryll Quito, Managing Director of Accenture, Inc.; Peter Maquera, Globe Business Senior Vice President; Meanne Quiambao, Globe Business Vice President for Sales; Ma. Ahtisa Manalo, Bb. Pilipinas International 2018.

Globe Business, the enterprise Information and Communications Technology (ICT) arm of Globe Telecom, once again supported the 13th International ICT awards, one of the most renowned awarding ceremonies that is committed to boost sustained growth of the ICT industry in the Philippines.

 

Enjoy new Globe Prepaid data promos, exclusively on the Globe Switch app!

Globe gives its prepaid customers more reasons to enjoy the connected life with new and affordable data promos! All you have to do is download the Globe Switch app to enjoy a slew of exclusive promos with texts, calls and data.

Switch app users can now enjoy three (3) new promos on Globe Switch. For customers who prefer large GB allocation and who are always on-the-go, the best bet is SWITCH200! This comes with 3GB data for surfing, additional 4GB for GoWATCH & PLAY, unlimited texts to all networks, and unlimited calls to Globe/TM, valid for 7 days for only P200.

Official Statement on 2019 Midterm Election

Globe Telecom announced that it has optimized its network to ensure swift data transmission during the midterm election. In addition, all SIM cards provisioned for election use have passed the quality assurance tests conducted by Smartmatic. 

Globe is one with the nation in looking forward to a fair, honest, and peaceful elections.

Globe Telecom supports Boracay sustainability week; joins beach clean up drive

The Globe team gathers several plastic bags full trash during the Boracay beach clean up

In support of the government’s call for responsible and sustainable tourism, Globe Telecom joined the week-long celebration of Boracay’s rehabilitation aimed at encouraging residents, tourists, and other stakeholders to be more environmentally conscious. 

Almost 300 participants from the Globe Store in Boracay, Boracay Foundation Inc., Boracay Inter- agency task force, Philippine Coast Guard, Philippine Coast Guard Auxiliary, Team Boracay Cyclist, Philippine National Police, Malay Solid Waste, and Asean Centre for Biodiversity worked together to ensure that the country’s favorite summer getaway retains its pristine condition.  The team gathered 32 bags of plastic waste and trash scattered along the popular White Beach where local and foreign tourists often converge.

At the same time, Globe put up an Eco Booth in D’mall where anyone can exchange their plastic bags with eco bags to encourage a more sustainable practice.

“Boracay has always been very close to the hearts of every Filipino. Recently, it became the center of everyone’s attention. As Filipino Citizens, it is our responsibility to help out and contribute in our shared purpose to rehabilitate Boracay. Beyond business, we will help make the island a safe and sustainable ecotourism destination through replicable and scalable solutions,” said Globe Senior Vice President for Consumer Mobile Business, Issa Guevarra-Cabreira.

Six months prior to Love Boracay, Globe, in partnership with Manila Water Foundation, has initiated several sustainable long term rehabilitation activities for Boracay such as the construction of a communal septic tank in Sitio Ilaya, Barangay Balabag and the provision of two months worth of Virgomin organic water treatment for septic tanks to all 4,000 households.

These efforts were aimed to ensure that locals, especially the low income households, are presented with options on how to contribute to the rehabilitation of the island through proper septage containment and management.

Alongside the sanitation projects, Globe, together with Save Philippine Seas, has conducted a three-day workshop on Marine Biodiversity attended by local business owners, students and teachers. The workshop focused on ways to protect marine life by adopting sustainable approaches to business operations such as reducing the use of single-use plastic.

Since 2012, Globe has been actively helping Boracay with its environmental initiatives such as marine life protection, offshore clean-up training, coral reef planting, support for conservation efforts by local stakeholders, and raising environmental awareness among the youth and local residents.

Globe Telecom’s strong mobile performance disproves global telco market prediction of revenue downfall

  

Globe Telecom was able to overcome global market predictions of a financial slowdown in the telecommunications industry after its overall service revenues rose steadily in the past five years. This was propelled by innovative mobile strategies such as customized mobile plans and promos, wider content offerings, and streamlined customer experience.

Back in 2013, analysts from Ovum, London-based independent consultancy firm specializing in telecommunications, predicted that no other region in the world but Africa will see revenue growth at a compounded annual growth rate (CAGR) above 3% between 2012 and 2018. It added that service revenues of operators globally will contract in 2018 for the first time in the history of mobile industry.

With strong mobile strategies in place, Globe witnessed a 9.1% CAGR for its overall service revenues from 2014 to 2018, outperforming its main competitor and the local telco industry during the same period. Globe Telecom’s CAGR in the past five years was also higher than the 5.6% it recorded from 2009 to 2013. CAGR shows the rate of return of an investment over a certain period of time.

“We are proud that our strategy of disrupting the telco business model delivered consistent financial results in the past five years. With our unwavering commitment to bring our customers better quality of experience, we will continue making positive strides in the ICT and digital space. We will step up our efforts on managing costs, growing revenues, and driving efficiencies to fuel further our digitalization efforts for our customers,” said Globe President and CEO Ernest Cu.

The company’s rapid growth in service revenues is key in fueling investments for better innovations in digital solutions, wider access to content, more bundled offers, and better quality of user experience. Geared to meet the customer demand for more bandwidth-intensive content, Globe has increased its capital expenditure (capex) guidance to P63 billion in 2019.

Globe in 2018 started delivering cloud-based intelligent omni-channel routing and interactions management to boost customer experience. Amdocs, a provider of software and services to communications and media companies, collaborated with Amazon Web Services to enable Globe to deliver effortless experience across all touchpoints, including web portal, self-service and mobile applications, as well as social media and messaging platforms. This is powered by capabilities like artificial intelligence, machine learning, and a unified agent desktop that enable Globe frontliners to assist customers efficiently.

Globe also built a Facebook Messenger bot called Gie of Globe to communicate with its large customer base in a more personalized way. Gie of Globe is a personalization of a digital-savvy Filipina designed to be highly relatable and smart enough to know when a customer service experience needed an additional human touch. Meanwhile, Globe Platinum customers have exclusive access to Thea, a virtual concierge that provides assistance for day-to-day requests on reservations, bookings, events, and other services.

The company also continues to partner with world-class content providers with offers that cater to key customer passion points in video, games and electronic sports (eSports), music, e-commerce, as well as life and productivity services.

Globe offers both affordable and top-of-the-line smartphones from popular device makers like Apple, Huawei, Samsung, Xiaomi, and Oppo to speed up the adoption of LTE handsets. Matching these devices are value-for-money data prepaid promos such as GoWATCH & PLAY, and customizable postpaid plans like ThePLAN, which allows its customers to rightsize their plan based on their data and content needs. These efforts have enabled Globe to become one of the fastest-growing and best-performing telcos in the world.

GLOBE ANNOUNCES FIRST QUARTER 2019 RESULTS: SHARP RISE IN PROFIT MARGINS; EBITDA MARGIN OF 55% GLOBE SPENT P8.8 BILLION IN CAPEX WITH MAJORITY FOR ITS NETWORK, REPRESENTING 24% OF GROSS SERVICE REVENUES

Globe continues to invest in its network to support the increasing demand for data services of its customers. For the first three months of 2019, Globe spent around P8.8 billion in capital expenditures or 24% of topline revenues. About 68% of the total expenditures for this period was for data-related services.

Globe closed the first three months of 2019 with consolidated service revenues1 of P36.0 billion, up 13% from a year ago and 3% higher from prior quarter. This was mainly fueled by sustained increase in data usage across all data-related services and products, including the wide array of content offerings, through the Company’s partnerships with global content providers.

Mobile revenues for the period grew close to P27.0 billion, up 11% from the same period of 2018 and 4% higher from the previous quarter, mostly coming from the Prepaid brands. From a product perspective, mobile data revenues amounted to P16.5. billion for the first three months of the year, due to the surge in consumer spending on mobile data,given the rising popularity of promos that provide the best surfing deals. Mobile data continued to be the top contributorto the Company’s total mobile business, and now accounts for 61% of gross service revenues from 47% a year ago.Globe is now reaping the benefits of its modernized 4G/LTE network that allows more of its customers to experiencefaster content downloads, smoother music and video streaming, and richer web browsing experiences, thus the mobile data traffic growth from 180 petabytes in same period of 2018 to 370 petabytes this period. Meanwhile, mobile voice and mobile SMS revenues for the period just ended posted P6.3 billion and P4.2 billion, lower year-on-year by 15% and 22%, respectively.

In view of the new regulatory requirement of one (1) year extension of prepaid load validity, Globe closed the first three months of 2019 with a total mobile subscriber base of 83.5 million, up 13% from the fourth quarter of 2018.

Globe’s home broadband business posted a robust 21% increase from a year ago and 3% against the prior quarter to reach P5.2 billion this period. Home broadband’s resilient performance, was attributed to subscriber expansion in fixed wireless solutions, supported by the affordable, flexible home broadband bundles plus the increasing popularity of HomePrepaid Wi-Fi. Total home broadband subscriber base now stands at over 1.7 million, up 22% from a year ago and around 63% are fixed wireless subscribers.

Moreover, corporate data business showed a notable 16% year-on-year growth from the P2.7 billion revenues from same period of 2018. This was mainly from internet and domestic services coupled with the 5% higher circuit count.

Globe’s total operating expenses and subsidy2 amounted to P16.1 billion for the period, or 1% higher year- on-year.

Consolidated EBITDA closed the first three months of 2019 with a total of P19.9 billion, up 24% versus last year, as this period’s topline gains fully offset the slight increase in expenses. EBITDA margin was at 55% this period compared to 50% from a year ago. Net income stood at P6.7 billion, 44% higher from a year ago, mainly due to the robust EBITDA growth, offsetting depreciation charges and non-operating expenses booked for the period just ended.Depreciation expenses remained high this period given Globe’s continued network expansion and acceleration of its LTE and broadband rollout. Core net income, which excludes the impact of non-recurring charges, and foreign exchange and mark-to-market charges, stood at P6.7 billion, 40% increase from same period of 2018.

President and CEO statement

Ernest L. Cu, President and CEO of Globe Telecom Inc., commented:

“I am delighted to report another remarkable performance for the first three months of 2019 with revenues and margins growing beyond our expectations. As we continue to invest in our LTE network, we are also excited with the growth opportunities of our 5G commercial pilot launch in June this year. Through this launch, we will be able to offer our customers a whole new ecosystem of devices to enhance the way they experience data to the home. This is in line with our proven strategy of making our customers a priority, by providing them a superior digital and network experience, despite all the industry challenges that we face ahead.”

For 2019, we are confident in our ability to maintain this strong growth momentum with the aggressive investments in the network, coupled with the evolving lifestyle bundles that aim to strongly influence the digital life of Filipinos. We believe this would allow full year 2019 revenues to increase by high single- digits from 2018 levels. Likewise, EBITDA margin is expected to end around 50% for 2019, as margins would be continuously impacted by the increasingcontribution of the lower-margin data-related products, countered by our continued efforts in managing costs.”

Recent Developments:

In compliance with the directive of the National Telecommunications Commission (NTC), Globe will move the implementation of 8-digit telephone numbers in Greater Metro Manila to October 6, 2019 to give local banks and credit card companies ample time to prepare. The NTC issued an advisory, ordering local telecommunication companies to move the migration date to October 6, 2019 from March 18, 2019. This was after the Bankers Association of the Philippines (BAP) and the Credit Card Association of the Philippines (CCAP) filed their respective petitions to postponethe migration to a later date to provide banks and credit card companies sufficient time to implement the necessary changes to their operations and systems.

Lastly, our Board of Directors approved in its meeting today, the declaration of the second quarter 2019 cash dividend of P22.75 per common share payable on May 31, 2019 to shareholders on record as of May 20, 2019. The second quarter cash dividend payment total is about P3.0 billion.  The Board of Directors of likewise approved the declaration of the second semi-annual cash dividend for holders of its non-voting preferred shares on record as of July 26, 2019. The amount of the cash dividend shall be at a fixed rate of 5.2006% per annum calculated in respect of each share byreference to the offer price of P500.00 per share on a 30/360 day basis for the six-month dividend period. Total amount of the cash dividend will be paid on August 22, 2019.