Business IT

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 BSP issued the statement amid reports that some bank ATMs have allegedly dispensed fake bills.

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.

By making payments and transactions more convenient, digitalization reduces the costs of production and distribution for businesses, the BSP said.

The SEC has cancelled the license of Fynamics, which operates online lending platform Pondo Peso for its repeated failure to comply with reportorial requirements.

Electronic products had total earnings of $3.71 billion, which accounted for 59.2 percent of the total exports during the period.

By adapting to the new work environments required in the Covid-19 era, business process outsourcing company iQor said it has continued to recruit employees in Iloilo to provide customer service for global clients.