Tuesday, May 12, 2026
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Business IT

Concentrix opens iX360 hub, invests P2 billion in new PH site

Concentrix, the largest private employer in the country, has launched iX360, an immersive experience center focused on intelligent solutions, alongside the opening of its new operations site at Robinsons GBF Tower 2 in Bridgetowne in Quezon City as the company expands its presence in the Philippines.

New fintech platform enters PH market with instant credit approvals

A new financial technology platform called Luvit is entering the Philippine market, offering consumers quicker access to credit and installment-based payment options through an AI-driven lending system.

BSP warns public against dealing with unauthorized crypto platforms

The Bangko Sentral ng Pilipinas (BSP) has again warned the public against transacting with unauthorized virtual asset service providers (VASPs), saying users risk losing funds and may have limited legal remedies in case of fraud or operational failures.

DigiPlus profit drops 33% in Q1 amid e-wallet delinking order

DigiPlus Interactive Corp. reported a 33% decline in net income to P2.8 billion in the first quarter of 2026, citing the impact of a central bank order requiring the delinking of e-wallet access from online gaming platforms.

PH stays off USTR IP watch list for 13th year

The Philippines has remained off the United States Trade Representative (USTR)’s Special 301 Watch List for the 13th straight year, reflecting continued efforts to strengthen intellectual property (IP) protection and enforcement.

PH exports surge to all-time high, led by semiconductors

The Philippines’ export sector posted a record monthly performance in March 2026, driven largely by sustained global demand for electronics used in emerging technologies.

PH digital economy grows to ₱2.74T, accounts for 9.8% of GDP in 2025 — PSA

The latest data showed a 5.4% increase from ₱2.59 trillion in 2024, indicating continued — though more moderate — growth in digital-related activities across the economy.

Ayala-owned semicon firm IMI returns to profitability in 2025

Semiconductor company Integrated Microelectronics Inc. (IMI) reported a return to profitability in 2025, posting improved margins and earnings following a multi-year restructuring program.

Converge tops PH broadband speed rankings in Q1 2026 — report

Converge ICT Solutions ranked as the fastest broadband provider in the Philippines for the first quarter of 2026, based on a report by analytics firm V-SPEED.

DOF chief meets US tech firm’s CEO to push PH semicon expansion

onsemi has operated in the country for more than 30 years and employs over 6,000 workers.

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