The Semiconductor and Electronics Industries in the Philippines Foundation Inc. (SEIPI) has revised slightly upwards its industry growth outlook for this year but is still in negative territory to reflect the impact of the Covid-19 pandemic.
DTI undersecretary for consumer protection group Ruth Castelo reported that 6,907 of the total 14,869 online purchase-related complaints from January to October this year were against shopping apps Lazada and Shopee.
Online crimes and threats were prevalent during the earlier days of the community quarantine but these were sufficiently addressed by local banks and other financial institutions, the Bangko Sentral ng Pilipinas (BSP) said.
Converge ICT founder and chief executive officer Dennis Anthony Uy said proceeds of the IPO will boost the company’s objective to build the largest fiber broadband network in the country.
Central banks around the world are now looking into central bank digital currency (CBDC) due in part to the digitalization of payments, with some pilot testing their own version of the currency.
Inquiries and requests for credit score information increased significantly during the pandemic as more people apply for loans to help them cope with the crisis.
A unified quick response (QR) code for the logistics sector will be implemented in 2021 under the National Effort for the Harmonization of Efficient Measures of Inter-related Agencies (NEHEMIA) program of the Anti-Red Tape Authority (ARTA).
Regulatory policies on the establishment of digital banks are expected to be ready before the end of 2020, Bangko Sentral ng Pilipinas (BSP) governor Benjamin Diokno said.
