Business IT

At its annual stockholders meeting last May 30, Converge CEO and co-founder Dennis Anthony Uy expounded the company’s plans to diversify beyond telecommunications.

Broadband services provider Converge ICT Solutions Inc. bared key movements within its leadership team as it announced the retirement of industry old-hand Jesus “Boboy” Romero.

BPO firm Concentrix, the largest private employer in the Philippines, has unveiled its newest site in the country – the Bacolod AIU.

After revoking the registration and license of online lending operator Digido, the Securities and Exchange Commission (SEC) has ordered Hupan Lending Technology and Hi-Fin Lending to stop their operations.

In a statement, Digido said these unauthorized branches were merely “exhibit booths” that were not permanent and therefore “cannot be treated as branches under existing laws and regulations”.

The SEC also previously cancelled in 2019 the lending license of Robocash Finance Corp., the former name of Digido.

Converge’s revenue spike was triggered by an expanding subscriber base in both its residential and enterprise segments.

Telecom giant PLDT has announced a robust performance for the first quarter of 2025, with consolidated gross service revenues reaching P53.4 billion. 

BPI Securities, the stock brokerage subsidiary of the Bank of the Philippine Islands (BPI), has officially launched the upgraded BPI Trade website and a new mobile app designed to cater to both seasoned and beginner traders.

Integrated circuit (IC) design house Xinyx Design has announced a collaboration with Colegio De Muntinlupa (CDM) to launch Labs by Xinyx, which is reputedly the first flexible learning platform focused exclusively on IC design and microelectronics.