The Small Business Corporation (SB Corp.) and the Land Bank of the Philippines partnered on September 19 to provide an e-payment collection service to micro, small and medium enterprises (MSMEs) through Landbank?s online payment facility.
Philippine offshore gaming operators, or POGOs, are snapping up residential and office spaces, contributing heavily to the current uptrend being experienced by the local real estate industry, said insiders.
To be able to expand its services across the globe, Remitly partnered with 11 countries across Europe to make the service available in Austria, Belgium, Denmark, Germany, Finland, Ireland, Italy, the Netherlands, Norway, Spain, Sweden and the United Kingdom.
Strategically located in all 81 provinces of the Philippines, Landbank will offer Western Union Money Transfer services, enabling consumers to receive money from more than 200 countries and territories around the world.
A circular that will require banks to report as soon as possible any cyber attack and other information technology-related incidents in their systems is expected to be released in September.
Towers built by the company may also be leased to existing and new telcos to further improve their services amid government efforts to encourage the entry of a new player in the industry.
The bidder to be selected as the country's new major player should not have any merger plans or joint venture agreements with either the dominant telco players, the PCC said.
