Monday, June 24, 2024
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Business IT

‘Biggest’ hyperscale data center in PH to rise in new tech park in Tarlac

Construction and engineering firm ENDEC Inc. signed on Tuesday, June 11, a lease agreement with the provincial government of Tarlac to construct the 47-hectare Narra Technology Park which will host the 300 MW data center facility.

Landbank rolls out ‘GoBayani’ digital deposit account for OFWs

Accountholders can also perform e-commerce transactions and receive remittance via Visa Direct through Visa partners abroad.

BSP issues standards in resolving issues for online fund transfers

The circular also covers the required turnaround time to return the funds to the sender’s account for fund transfers not received by the beneficiary. These periods are significantly shorter than the current response time of financial institutions which usually takes around two to three banking days.

Landbank mobile app now allows account opening, usage up 96% in Q1

The Land Bank of the Philippines has upgraded its Mobile Banking App (MBA), allowing its customers to open a digital account instantly at any time without visiting a branch.

BPI unit BanKo rolls out tech-enabled agri loan program

The Agri NegosyoKo Loan is a financial program aimed at giving out loans to microfinance smallholder farmers in a tech-enabled formal platform with better terms. 

Gov’t logs record crackdown of illegal vape products in 5 months, tops 2023 haul

Among the confiscated brands were 2,428 units of RELX worth P534,190, and 158 units of Waka by RELX worth P35,440. In March 2024, the DTI suspended the sale and distribution of the vape brand Flava due to repeated violations of RA 11900.

Megaworld’s Arcovia City in Pasig gets approval as IT ecozone

The Philippine Economic Zone Authority (PEZA) officially sealed last May 21 the proclamation of Arcovia City of Megaworld Corp. in Pasig City as a new information technology (IT) park.

Attrition rates in PH contact center firms continue to go down

The number of agents resigning from local call center firms is continuously declining, based on a study released by the Contact Center Association of the Philippines (CCAP).

In meeting with Dutch queen, digital banks vow to improve PH ‘financial health’

The Digital Bank Association of the Philippines (DiBA PH) reiterated this commitment during a roundtable discussion with Queen Máxima of the Netherlands, who is the United Nations Secretary-General’s Special Advocate for Inclusive Finance for Development (UNSGSA), and the Bangko Sentral ng Pilipinas (BSP).

NEDA sees expanding PH digital economy

NEDA secretary Arsenio Balisacan said the passage of the Konektadong Pinoy Bill, the latest iteration of the Open Access Bill, will help reduce barriers to entry in the data transmission sector and upgrade physical and digital infrastructure to enable greater participation in the digital economy.

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