Tuesday, March 19, 2024
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CATEGORY

Business IT

Converge outperforms rivals with new 284,000 fiber users in 2023

onverge ICT trumped its broadband rivals Globe and PLDT as it registered net additional residential subscribers of 284,000 for its fiber plans last year, the biggest fiber net adds in the industry during the period.

PH taps Czech firms to invest in PH electronics, BPO sectors

The Philippine delegation also met representatives from Czech tech giant ERA to explore the company's interest in expanding its presence in the Philippines.

NEDA stresses need to enhance connectivity, calls for passage of Open Access Bill

NEDA secretary Arsenio Balisacan told a forum that access to reliable Internet services is no longer a luxury but a fundamental prerequisite for inclusive socioeconomic development.

US trade mission brings $1-B investments, to train 30M Pinoys on AI

US secretary of commerce Gina Raimondo is leading the United States Presidential Trade and Investment Mission in the Philippines from March 11 to 12.

SEC secures NTC endorsement for blocking of trading site OctaFX

The National Telecommunications Commission (NTC) has ordered all Internet service providers to immediately block the website of OctaFXfor the protection of the investing public, as requested by the Securities and Exchange Commission (SEC).

BSP says PH digital banks now have 8.7M deposit accounts

The Bangko Sentral ng Pilipinas (BSP) said two out of the six digital banks in the country are currently recording profits from their operations.

PLDT forms payment platform for firms under MVP group

PLDT announced on Thursday, March 7, the formation of a digital entity called “Digico” that will harness the data assets of the MVP Group of Companies and provide a payment platform for a serious group-wide digitalization effort.

Common tower firm secures P2.4-B loan from ADB to construct 800 cell sites

The ADB noted that smartphone usage in the Philippines is among the most widespread in Southeast Asia, but the country has limited tower coverage — with only 240 towers per million population.

BPO rebranding aims for $59-B revenues, 2.5M jobs by 2028

The IT-BPM Industry Association of the Philippines (IBPAP) has underscored the need to change public misperception of the industry as “just call centers”, citing the high demand for Filipino expertise in the medical, financial, data analytics, and other sectors beyond just business process outsourcing (BPO).

SEC issues stoppage order against bogus Ayala Group

The SEC issued the order after it found that the bogus Ayala Group has been conducting an unregistered investment scheme called Tasking and Recharging, which offers online jobs to prospective investors who are tasked to perform certain tasks in exchange for commissions.

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