Wednesday, May 1, 2024
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CATEGORY

Business IT

Electronic products remain PH’s top exports in May 2021

Interestingly, manufacturing activities in the computer and electronics industry slowed down to 96 percent in May 2021 from 108.3 percent in April this year.

License of online lending firm revoked for contacting debtor’s contact list

The Securities and Exchange Commission (SEC) has revoked the Certificate of Authority (CA) of Familyhan Credit Corporation to operate as a lending company after it engaged in unfair debt collection practices.

Smart inks MOU with US firm to provide space-based mobile coverage in PH

The deal would explore opportunities to extend SpaceMobile – which is building the first and only space-based cellular network accessible by standard mobile phones -- to Smart subscribers in the Philippines after the service is launched.

Converge ICT says it will deploy first 800G technology in PH

Fiber broadband Converge ICT has announced it is gearing up to double the data transmission capacity of its metro backbone from the existing 400 Gigabit per second to 800 Gbps over its fiber optic network.

With new $167-M funding, PayMaya readies expansion into digital banking

Voyager Innovations, the operator of digital wallet PayMaya, has announced that it raised $167 million to fast-track its digital financial services through PayMaya and its soon-to-be-established digital bank.

Lending firms warned of closure for failure to register online apps

The Securities and Exchange Commission (SEC) said it will revoke the licenses of lending and financing companies that continue to fail to register and disclose their online lending platforms (OLP).

Suspect nabbed for reselling of rebranded Globe At Home modems

Globe, together with the PNP, seized a unit of Globe At Home Tozed S10g modem rebranded with DITO stickers from a certain Marlou de Paz in a sting operation in Pala-Pala, Brgy. Sampaloc Dasmarinas Cavite.

BSP issues guidelines on Open Finance Framework for use of consumer data

The Open Finance Framework promotes consent-driven data portability, interoperability, and collaborative partnerships between financial institutions and fintech players, according to the BSP.

Globe taps PhilTower to build 500 common towers in Luzon this year

PhilTower will be introducing new solutions such as the Micro Cell Poles that have a low impact and small footprint with capability to load in radios and has battery backup within the pole for network densification.

PH firms can expand in EU via Estonia’s e-Residency program: exec

The Philippines and the rest of Southeast Asia can expand their footprint in the European Union market by incorporating in Estonia through the e-Residency program.

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