The operators of the lending apps employed abusive collection practices, which constituted unfair debt collection practices expressly prohibited under an SEC Memorandum Circular.
Tech lawyer Roy Ibay observed, however, that the RapidPass System is only bringing “rapid confusion” to the public since drivers are still questioned by the authorities even if their vehicles already have RapidPass QR codes.
Hospitality and tourism-heavy industries like transportation and personal and consumer services are expected to be the most negatively impacted markets with IT spending expected to decline by 5% or more.
The Sample Collection Booths (SCBs) passed the required validation test from four hospitals and will now be delivered by April 30 to testing locations around the country.
The Securities and Exchange Commission (SEC) has identified four more unauthorized online investment schemes, including rackets possibly operated by previously flagged groups under new names.
Grab Philippines said the service, currently at its beta phase, allows users to purchase grocery items and other dry goods from its partner establishments, while other products such as medicines will soon be offered as well.
Saying that cash should get into the hands of the poor at once, Sen. Francis Pangilinan made a pitch to use telecommunication companies for mobile money transfers in distributing assistance amid the Covid-19 crisis.