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Business IT

Converge ICT goes international, obtains Singapore license

Fiber internet provider Converge ICT Solutions has received the greenlight to provide international connectivity services in Singapore through its wholly-owned subsidiary, Converge SG, to further strengthen its fast-growing international wholesale business.

DICT says SIM registration now at 11.2 million

Smart Communications recorded the highest number with 5,172,061 SIMs registered, followed by Globe with 5,030,649, and Dito with 1,017,012.

Globe’s non-telco revenues jump 101% in Jan. to Sept. 2022

From its core telco business, Globe has diversified its offerings to include financial technology, healthcare, edutech, entertainment, adtech, e-commerce, manpower, information technology services and investments.

SEC files criminal complaint against 4 online lending firms

The Securities and Exchange Commission (SEC) has filed a criminal complaint against four Chinese-controlled firms for operating unregistered online lending platforms (OLPs).

Business name registration reach all-time high in 2022, says DTI

Since the development and launch of the next-generation system in 2019, business name applications registered and processed online grew from 35% to 75% based on the payment collections received.

Solon issues warning against online retailers who ‘PM’ their prices

House of Representatives minority leader Marcelino “Nonoy” Libanan has issued a warning against online retailers who do not put price tags on their products, and who only divulge their prices via private message (PM) to prospective buyers.

Electronics allows PH export growth to outpace imports in Oct.

The electronics sector remains to be the Philippines' top export, accounting for 66.3% of total exports during the period with export sales value of $5.1 billion.

ADB okays $100-M loan to modernize PH technical education

Meanwhile, the National Economic and Development Authority (NEDA) said the digitalization of the Philippine economy and government is one of the six strategies it would implement over the next five years to facilitate economic and social transformation under the Philippine Development Plan (PDP).

Unity Digital inks P9.2-B deal to buy 650 telecom towers

With this acquisition, Unity Digital Infrastructure is poised to have over 1,000 active macro towers and around 500 poles for small cells in key cities nationwide.

SEC to shift all payments online, will close on-site channel next year

In a notice, the SEC announced that by Feb. 1, 2023 all payments will be accepted only through the Electronic System for Payments to the SEC (eSPAYSEC) or at any branch of the Land Bank of the Philippines nationwide.

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