Monday, May 27, 2024
The IRR outlines the essential procedures and guidelines for effective interagency collaboration, while also clearly defining the obligations and liabilities for digital platforms, e-marketplaces, e-retailers, online merchants, and online consumers.


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In meeting with Dutch queen, digital banks vow to improve PH ‘financial health’

The Digital Bank Association of the Philippines (DiBA PH) reiterated this commitment during a roundtable discussion with Queen Máxima of the Netherlands, who is the United Nations Secretary-General’s Special Advocate for Inclusive Finance for Development (UNSGSA), and the Bangko Sentral ng Pilipinas (BSP).

NEDA sees expanding PH digital economy

NEDA secretary Arsenio Balisacan said the passage of the Konektadong Pinoy Bill, the latest iteration of the Open Access Bill, will help reduce barriers to entry in the data transmission sector and upgrade physical and digital infrastructure to enable greater participation in the digital economy.

Despite AI onslaught, local BPO sector sees $32.16-B revenues in 2024

The “conservative projection” is based on a yearly average sectoral revenue growth of about 9 percent, as indicated in an analysis by global industry research firm Everest Group.

US to start allocating CHIPS Act funds for PH

The Philippines is one of the countries chosen by the US as partners under the CHIPS and Science Act, wherein the US government earmarked $500 million for the International Technology, Security, and Innovation (ITSI) Fund to be spent over the next five years in the partner countries.
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Senate Bill No. 2699, also known as the Konektadong Pinoy Act, seeks to overhaul the nation's outdated telecommunications regulatory framework and align it with the requirements of the digital age.


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AI-driven cyberthreats demand new defense strategies, says cybersecurity firm

The infamous "Nigerian Prince" scams are a relic of the past, characterized by poor grammar and outright deception. Trend Micro said cybercriminals are now using AI to craft more convincing, individualized messages on a massive scale, blending mass delivery with focused messaging strategies.

Report reveals cyber resiliency maturity low among Asean firms

A report from tech firm Commvault, which includes insights from organizations across six Southeast Asian countries including the Philippines, has revealed significant challenges in data recovery and cyber resilience amid growing threats and data sprawl.

Report: 76 million malicious URLs accessed in PH in 2023

Trend Micro said it blocked 161 billion threats overall in 2023, compared to 82 billion threats five years ago. Some of the key global findings include:


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Werner Vogels, chief technology officer of tech giant Amazon, said in an exclusive interview with Newsbytes.PH that as artificial intelligence (AI) continues to evolve, AI will go beyond what we know today and will soon be “culturally aware.”


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Aiming to spark emerging tech discussions, AIBC Asia returning to Manila

A crucial event for staying on top of the latest emerging technologies in the region is the upcoming AIBC Asia, the Asian chapter of the frontier technology conferences hosted by SiGMA Group.

ARTA inks deal with DOST-backed startup Twala to boost digitalization efforts

Anti-Red Tape Authority (ARTA) has announced a strategic partnership with Twala, a digital signature and digital identity startup supported by the Department of Science and Technology (DOST) through the DOST Startup Grant Fund, to enhance ARTA's digitalization strategy.

Pinoy-owned firm sets out to compete in booming ride-sharing market

A new Filipino-owned transport network company called UTOL, short for Unified Transport Operations League, is joining the list of firms in the local ride-sharing market dominated by regional player Grab.

PH consumer finance app secures $5-M fund from Japanese investment firm

Consumer finance and buy-now-pay-later app BillEase has announced an investment of $5 million from Saison Investment Management Private Limited (SIMPL), the offshore lending arm of Saison International.


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Leaders of Philippine Cybersecurity and Data Protection Communities of Practice attending the ASEAN-Japan Cybersecurity Technical Working Group joint meeting here have highlighted the urgency for all government and private sector organizations to work in harmony together to fight against cyber threats in the Asia region.


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Pinoy-owned firm sets out to compete in booming ride-sharing market

A new Filipino-owned transport network company called UTOL, short for Unified Transport Operations League, is joining the list of firms in the local ride-sharing market dominated by regional player Grab.

Toyota PH unveils all-hybrid lineup for new Corolla Cross

Toyota Motor Philippines (TMP) has announced that it will be launching the new line of its all-time best-selling Hybrid Electric Vehicle (HEV), the Toyota Corolla Cross on Friday, April 12.

Ban on e-bikes in major Metro Manila roads set on April 15

The Metropolitan Manila Development Authority (MMDA) said it will enforce the ban along 19 major roads, in coordination with local government units in the metro.

Vietnamese ride-hailing firm eyes PH, will use VinFast electric cars

Vietnamese ride-hailing firm Green and Smart Mobility Joint Stock Company (GSM) aims to provide eco-friendly taxi services utilizing VinFast electric cars exclusively in 2024.


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Oppo has formally introduced in the Philippines the Oppo A60 smartphone, which is certified with US Military-Grade Shock Resistance and equipped to handle everyday challenges.


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Job search platform foundit ties up with Badminton World Foundation

Badminton is particularly popular in foundit’s key markets across Asia, such as India, Singapore, Malaysia, the Philippines, Indonesia, and other Southeast Asian (SEA) countries.

Grab PH intros ‘phygital’ offerings to meet new needs of consumers, merchants

Grab Philippines is growing its portfolio of online-to-offline solutions with the introduction of “Pay With Grab” and “Instant Deals” to enrich the physical-digital experience of consumers and boosting the growth of its merchant partners.

As PH wallows in fake news, Google ramps up fight against misinformation

New data from Google Trends show that the Philippines is still the top country in the world searching for terms “fake news” and “misinformation” over the past year.

Converge completes free public WiFi deployment at NAIA terminals

Fiber broadband provider Converge ICT Solutions Inc. has completed fiber-powering the country’s main gateway, the Ninoy Aquino International Airport (NAIA), as it deployed free public WiFi at NAIA Terminal 1 and 2.


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There is a need for targeted policy interventions to support sectors showing signs of slowing growth, particularly manufacturing.


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