Of the intellectual property violations this year, IPOPHL said 79 were operating online – 53 from Facebook, seven from Shopee, six from Lazada, three from YouTube, and one each from Carousell, Instagram, and Vineyard.
Category: Business I.T.
The Bangko Sentral ng Pilipinas (BSP) has approved the recognition of digital bank as a new bank category that is separate and distinct from existing bank classifications.
BSP governor Benjamin Diokno said that if the multiple daily clearing of PesoNet transactions works smoothly, then the central bank will allow clearing for these transactions on weekends and holidays.
Digital bank ING Philippines announced on Tuesday, Nov. 24, the launch of its payment account “ING Pay” that is designed to make digital payments more convenient and secure.
Suspicious transaction reports (STRs) submissions by electronic money issuers (EMIs) rose by 688 percent, while submissions by pawnshops and money service businesses (MSBs) increased by 51 percent.
The revenue outlook for the IT-BPM industry at end-2020 is at $26 billion, while full-time employment will remain at 1.3 million.
Cignal TV and Meralco unit Radius Telecoms have formally announced a partnership to form RED Broadband, which aims to offer “the latest unlimited fiber broadband and pay-TV service” in the country.
The local telcos were ordered to provide the NTC every six hours with updates on restoration activities of their respective networks and facilities, as well as a timeline for the full restoration of services.