In an order issued February 3, the SEC directed Tacoloan, VCash, 365 Cash, SwipeCash, and BootCash to immediately cease and desist from operating their lending businesses and related activities until they have incorporated and secured from the SEC their respective certificates of authority to operate as a lending or financing company (CA).
The proposed SEC guidelines, released on January 27 for public comment, will operationalize BSP’s Circular No. 1133 Series of 2021, which prescribes the maximum interest rates and other fees charged by lending and financing companies, and their online lending platforms (OLPs).
Converge said it is planning to use its micro-trenching technology to put key connectivity elements underground, doing away with the need to rely on poles which are prone to damage during typhoons.
The Semiconductor and Electronics Industries in the Philippines, Foundation Inc. (SEIPI) and Information Technology and Business Process Association of the Philippines (IBPAP) have urged the Senate to immediately ratify the Regional Comprehensive Economic Partnership (RCEP) agreement.
E-commerce dominated over other businesses during the entire pandemic period that began in March 2020, a top executive in the credit card industry said.
The SEC issued the order after finding that Goodpocket and Easymoney have been conducting lending activities despite not being registered as a corporation.
The Bureau of Internal Revenue (BIR) said it has a total of 49 projects in the first phase of its 10-year Digital Transformation (DX) Roadmap, of which 14 have already been launched or implemented as of the last quarter of 2021.
Investree Philippines, a joint venture between Filinvest Development Corporation and Investree Singapore, is the first crowdfunding intermediary and funding portal registered with the SEC.
