Business IT

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.

Lito Villanueva, managing director of FinTQ, said the national ID will help resolve various customer onboarding issues with financial institutions.

Smart Communications and Ericsson have signed an MoU to deploy the country's first 5G pilot network by the first half of 2019.

PLDT chairman and CEO Manuel V. Pangilinan said the company has signed a non-binding term sheet for the selling of its majority stake in Voyager Innovations this week, after foreign investors expressed interest in acquiring controlling stake in the digital innovations unit.

PesoNet is the first automated clearing house (ACH) under the Bangko Sentral ng Pilipinas' (BSP) National Retail Payment System (NRPS) program.

Smart has fired up LTE sites in Allacapan, Aparri, Calayan, and Gattaran for the first time; and is tripling the number in the capital Tuguegarao.

The Bangko Sentral ng Pilipinas (BSP) is currently working with stakeholders to develop a national QR code in line with its program to establish an effective electronic retail payment system.

CEZA has already exceeded its 2017 income of P224.548 million, which came mostly from online gaming operations.