I'm using MIUI rom and in the Philippines, the carrier name is pretty long. "Globe Telecom-P" and it takes up a lot of status bar space. Gah. Is there a way to hide this?
Phono is able to replace the carrier's name with a logo:
Phono (source: Google Play; click image to enlarge)
Take a look at above screenshot. See the T logo in the upper left, on the notification bar? That's placed by Phono. It additionally offers a bunch of widgets to show you network strength and other things, plus some shortcuts (as shown in the screenshot).
I used Phono successfully on HTC stock ROMs as well as with CyanogenMod. Though your seem to have issues with your current Beta-ROM, those might hopefully be fixed with an update, so Phono will work on that, too -- otherwise it might still help you in case you decide to switch ROMs :)