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.
The LTFRB has issued a memorandum last February setting the supply cap of TNVS units in Metro Manila at 65,000. Of the proposed 65,000 vehicle cap, 55,000 slots have been allocated to vehicles based the master list of the LTFRB.
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.
Grab PH got the approval after submitting voluntary commitments which included improving the quality of its service by bringing back market averages for acceptance and cancellation rates before the merger happened, and its response time to rider complaints.
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.
One of the agencies badly affected by the malfunction is the Bureau of Internal Revenue (BIR), whose core system will now be hosted in an undisclosed site in Makati City.
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.
