yes, see explanation below...
+1
correct in some points but read below for further explanation...
if you are referring to a globe residential subscription..., wrong!, read below for further explanation...
if you are in a Globe DSL plan 3mbps (residential)..., you are subject to FUP (
Stupid Fair Usage Policy)..., and you have a daily bandwidth download of 7Gb/day..., if reached..., your download speed will throttle down to 30%

(so 30% of 3mbps will be your maximum speed)..., but..., it will reset back at midnight [confirmed with 3 agents (called globe about it as my internet sometimes slows down like hell

)