Under the draft circular, an administrative fine may be imposed based on the annual gross income of personal information controllers (PICs) or personal information processors (PIPs) within the range of 0.25% to 3% for grave violations and 0.25% to 2% for major violations.
The Securities and Exchange Commission (SEC) said it has revoked the license of Cashtrees Lending Corporation for launching and operating unregistered online lending platforms (OLPs) amid a moratorium imposed by the commission.
In the Philippines, 94% of the country’s corporate respondents said privacy laws have had a positive impact, and only 1% indicated the laws have had a negative impact.
Whether you are a small business or an established conglomerate wanting to take advantage of the vast opportunities offered by the cloud, Alibaba Cloud will have something to meet your needs.
Grab Philippines said passengers are not claiming their portions of the disbursed administrative fee since majority of them are entitled only for P1.00 – an amount that is not substantial enough for them to create a GrabPay wallet account and undergo the BSP-mandated KYC process.
Pres. Rodrigo Duterte signed into law on Monday, March 21, Republic Act 11659 or the amendments to the Public Service Act (PSA), which allows full foreign ownership in key sectors including telecommunications, railways, airports, and shipping.
Rising broadband provider Converge ICT formally announced on Wednesday, March 23, its entry into the Philippine Basketball Association (PBA) following the successful conclusion of the sale and transfer of the Alaska franchise to Converge.
