The Department of Trade and Industry (DTI) launched on Wednesday, May 5, the national artificial intelligence (AI) roadmap which made the Philippines one of the first 50 countries in the world to have a national strategy and policy on AI.
Bangko Sentral ng Pilipinas governor Benjamin Diokno said the central bank is putting a cap on the initial set of digital banking players as it wants to observe first the operations of these entities.
Filipino fast-food chain Binalot has jumped on the emerging “cloud kitchen” model with the launch of its home-based franchise that would no longer require a commercial space to offer Binalot food products.
On Tuesday, April 13, Pres. Rodrigo Duterte signed EO 129 and appointed former Cabinet secretary Leoncio Evasco Jr. as the Presidential Adviser on Streamlining of Government Processes.
Under the acquirer-based fee charging (ABFC), which took effect on Wednesday, April 7, banks can set the ATM fees they want to charge on cardholders of other banks who use their machines.
The EO removes the franchise requirement in the access of international satellite systems and gives telcos, VAS providers, and ISPs direct access to all satellite systems to build and operate broadband facilities to offer Internet services.
The BSP said around 13 percent of the complaints involved fraudulent or unauthorized transactions of various financial products and services like deposit, credit card, electronic money, and remittance.
SSS said transactions through the agency’s electronic channels accounted for 75 percent of the total in 2020, up from around 35 percent in the previous year.