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).
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.
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.
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-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.
Philippine cryptocurrency exchange PDAX has announced its involvement with the Bureau of the Treasury of the Philippines (BTR), Landbank of the Philippines, and the Development Bank of the Philippines (DBP) enabling the government to issue its first-ever Tokenized Treasury Bonds (TTBs).
The Department of Trade and Industry (DTI) said the data center projects to be developed under the MOU is set to reach a total capacity of up to 500 megawatts.
Fiber broadband provider Converge ICT Solutions posted a 7% increase in consolidated revenues to P26.25 billion at the end of September 2023 compared to the same period last year amid an expansion in its residential customer base, surpassing the 2-million mark to 2,048,286.
