Globe Telecom saw its reported net income drop 20% year-on-year to ₱5.6 billion for the first quarter of 2026, down from ₱7.0 billion in the same period last year.
Initial findings showed that underground fiber optic cables in Paco, Manila were damaged during drainage excavation works by a Department of Public Works and Highways (DPWH) subcontractor.
The Philippines is expanding its international partnerships to support artificial intelligence (AI) development and critical minerals cooperation under the US-led Pax Silica initiative, with recent engagements in the UAE, Israel, and Türkiye.
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.
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.
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 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.
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.
The Philippines’ export sector posted a record monthly performance in March 2026, driven largely by sustained global demand for electronics used in emerging technologies.
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.
