Saturday, March 2, 2024
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Business IT

IT-BPM industry hits $35-B revenues in 2023, sees 2M headcount by 2025

IBPAP president and CEO Jack Madrid said he expects the industry to sustain its strong momentum with a target of $39 billion in revenue and 1.8 million jobs this year. By 2025, he said the industry anticipates generating 2 million jobs which would mark the milestone in the history of IT-BPM in the country.

Public advisory issued against ‘Meta Ads’ for illegal online investment scheme

Based on the reports from the public, Meta Advertising Company, through WhatsApp and Telegram, is inviting the public to invest in the said platform in a scheme known as “Tasking and Recharging.”

BSP onboards OmniPay as first nonbank e-money issuer in PhilPaSSplus

The Bangko Sentral ng Pilipinas (BSP) has onboarded OmniPay to the roster of financial institutions that settle high-value transactions through the BSP-owned and operated PhilPaSSplus.

Maya unveils new time deposit product, offers 6% interest per annum

Unlike anything in the market, Maya Time Deposit Plus allows users to set a target amount and accumulate savings to reach it.

BSP extends entry ban for new non-bank e-money players

The Bangko Sentral ng Pilipinas (BSP) has extended for another year or until Dec. 15, 2024 the moratorium on the entry of new electronic money issuer-non-bank financial institutions (EMI-NBFIs).

Public advisory issued against Pasig-based online ‘paluwagan’ firm

BNY PAL, whose officials are now at large and can no longer be located, has victimized a number of residents in Pasig City who invested as much as P1.5 million each.

BOI records highest investment approval at P1.16 trillion for 2023

The information and communications technology (ICT) sector demonstrated strong growth, securing approvals totaling P96.16 billion.

BIR imposes 1% withholding tax on online merchants

The Bureau of Internal Revenue (BIR) has announced that online merchants with earnings amounting to more than P500,000 annually are now subject to a 1-percent withholding tax.

SEC issues advisory against digital investment platform

In its advisory, the SEC said Pecado, headed by its president named Eliseo Jojo Prisno, is enticing the public to invest in Pecado’s registered digital assets.

Aboitiz firm acquires 329 towers from Smart, Globe to bring sites to 1,100

Aboitiz-owned common tower operator Unity Digital Infrastructure said it will enter 2024 with approximately 1,100 tower sites after recently closing 250 and 79 towers sites from Smart Communications and Globe Telecom, respectively.

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