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BUENOS AIRES, Argentina — Argentine prosecutors on Tuesday denied releasing toxicology test results for British pop star Liam Payne, after US media reported he had multiple drugs in his system when he died.
MANILA, Philippines — A total of 36 rockfall events occurred at Mayon Volcano over the past two days before Severe Tropical Storm “Kristine” (international name: Trami) made landfall in the Philippines, according to Phivolcs.
MANILA, Philippines — In every thriving Filipino barangay, one of the clearest signs of a vibrant community is the presence of a sari-sari store.
BEIRUT, Lebanon — Israel unleashed a wave of air strikes on Hezbollah's southern Beirut stronghold on Wednesday night, Lebanese state media said, as the Iran-Hezbollah war reached its one-month mark.
MANILA, Philippines —The Office of Civil Defense (OCD) on Thursday estimated that Severe Tropical Storm ‘Kristine’ has reportedly left at least 10 people dead in its wake.
MANILA, Philippines — Rescuers raced Thursday to reach residents still stranded by flooding in the hard-hit Bicol region, after torrential rains from Tropical Storm Trami submerged villages and killed more than 20 people.
MANILA, Philippines — More than 8,000 passengers were stranded at ports nationwide on Thursday morning, October 24, due to the rough maritime conditions caused by Severe Tropical Storm “Kristine” (international name: Trami).
Globe Telecom [GLO 2310.00 ?3.4%; 155% avgVol] [link] disclosed that its board has appointed Carl Raymond Cruz the “Deputy CEO” of GLO, effective January 1, 2025. Mr. Cruz will manage GLO’s day-to-day activities and report directly to GLO’s current CEO, Ernest Cu, who is scheduled to retire in April 2025 after 16 years of leading the Zobel Family’s telco arm. Mr. Cruz will have the “deputy” qualifier removed from his title when Mr. Cu officially retires. Mr. Cruz most recently served as the CEO and Managing Director of Airtel Nigeria, an African telco with approximately 62 million subscribers, and before that he enjoyed a long career with Unilever across various country and regional units in executive positions. Mr. Cu will continue to chair GLO’s 917Ventures, Mynt, Kickstart Ventures, and STT GDC Philippines.MB BOTTOM-LINE: On paper, Mr. Cruz is an amazing “get” for GLO and its investors. He has tons of recent, direct telco CEO experience at a massive and growing company, and a long history of working in high-governance megacorps. I don’t have any firsthand knowledge of Mr. Cruz or how he operates, but if I were either of GLO’s peers I’d be concerned about the medium-term competitive outlook for the telecom industry. Sure, GLO’s story in recent years has been dominated by GCash, but maybe Mr. Cruz is about to bring GLO back to its roots. Maybe there’s about to be a streetfight for telco marketshare.