The development marks a significant turnaround for major players, particularly PLDT and Globe, which had previously opposed the measure. At one point, PLDT even threatened to challenge the law’s constitutionality before the courts.
Philippine exports continued their upward trajectory in July, climbing 17.3% year-on-year to $ 7.34 billion, fueled largely by the strong performance of the electronics sector, data from the Philippine Statistics Authority (PSA) showed.
The Department of Trade and Industry (DTI), through its E-Commerce Bureau (ECB), has awarded the E-Commerce Philippine Trustmark to First Circle, making it the first SME financing company to receive this government-issued digital badge.
The Bangko Sentral ng Pilipinas (BSP) has extended indefinitely its moratorium on the issuance of new licenses for virtual asset service providers (VASPs), citing heightened risks in the virtual asset market.
Taara, developed by Google’s X Moonshot Factory, transmits data through beams of light across long distances, with each site capable of providing up to 20 gigabits per second.
Third telco Dito Telecommunity has formally launched its latest campaign “Kaya Dito” while at the same time voicing support for the Konektadong Pinoy Act, which seeks to expand digital access and strengthen inclusion across the country.
The Securities and Exchange Commission (SEC) has ordered seven online lending operators to cease operations after they were found to be operating without proper registration.
Globe Telecom has raised concerns over the “Konektadong Pinoy” Act, which lapsed into law on Aug. 24, warning that its current provisions could undermine cybersecurity, weaken regulatory safeguards, and unsettle the telecommunications industry.
Launched on July 29, the Credit Risk Database Philippines Web-based Scoring System (CRDPh System) provides banks and other financial institutions (FIs) with a standardized tool for evaluating the creditworthiness of SMEs.
