Among the confiscated brands were 2,428 units of RELX worth P534,190, and 158 units of Waka by RELX worth P35,440. In March 2024, the DTI suspended the sale and distribution of the vape brand Flava due to repeated violations of RA 11900.
The Philippine Economic Zone Authority (PEZA) officially sealed last May 21 the proclamation of Arcovia City of Megaworld Corp. in Pasig City as a new information technology (IT) park.
The number of agents resigning from local call center firms is continuously declining, based on a study released by the Contact Center Association of the Philippines (CCAP).
The Digital Bank Association of the Philippines (DiBA PH) reiterated this commitment during a roundtable discussion with Queen Máxima of the Netherlands, who is the United Nations Secretary-General’s Special Advocate for Inclusive Finance for Development (UNSGSA), and the Bangko Sentral ng Pilipinas (BSP).
NEDA secretary Arsenio Balisacan said the passage of the Konektadong Pinoy Bill, the latest iteration of the Open Access Bill, will help reduce barriers to entry in the data transmission sector and upgrade physical and digital infrastructure to enable greater participation in the digital economy.
The “conservative projection” is based on a yearly average sectoral revenue growth of about 9 percent, as indicated in an analysis by global industry research firm Everest Group.
The Philippines is one of the countries chosen by the US as partners under the CHIPS and Science Act, wherein the US government earmarked $500 million for the International Technology, Security, and Innovation (ITSI) Fund to be spent over the next five years in the partner countries.
The PCC said that after thorough assessment, it found that the transaction between Mitsui subsidiary Relia Inc. and KDDI subsidiary KDDI Evolva will not likely result in a substantial lessening, restriction, or prevention of competition in the relevant market.
The Securities and Exchange Commission (SEC) has cancelled the lending license of Copperstone Lending, which operates online lending platforms (OLPs) Quickla, Pococash, Blue Peso, Peso Forrest, Moca Moca, Pesobuffet, and Load Cash, for its unfair debt collection practices and its failure to disclose the true and correct terms of loan contracts with borrowers.
The National Economic and Development Authority (NEDA) has underscored the need to accelerate its efforts to achieve its goal of reaching the 43rd rank from 56th among 132 world economies by 2028 by promoting a culture of innovation and entrepreneurship and scaling up technology innovation, utilization, and commercialization.
