MANILA: Philippine Long Distance Telephone Co’s profit fell 33 percent in the second quarter as the nation’s largest phone carrier booked losses for its investment in Germany-based Rocket Internet SE and as earnings from its mobile-phone, data and landline businesses were little changed. Net income was 6.25 billion pesos (US$133 million) in the three months that ended in June, compared with 9.34 billion pesos a year ago, the company said yesterday in a statement. The carrier also said it would cut its dividend payout to 60 percent of core income from 75 percent to compensate for an increase in spending.
Zong & Zindigi launch Z-Wallet, bringing embedded banking to millions of My Zong App users
ISLAMABAD: Zong, Pakistan’s leading technology services enterprise, has partnered with Zindigi, powered by JS Bank, to launch Z-Wallet, bringing regulated...
