Cumulative investments recorded by the Board of Investments (BOI) reached P84.1 billion in the first four months of 2020, reflecting a 71-percent slowdown from last year’s P286.7 billion in the same period.
The Securities and Exchange Commission (SEC) has ordered CROWD1 Asia Pacific to immediately stop soliciting and accepting investments from the public under a scheme disguised as a digital marketing business.
Globe Telecom has been given the go-signal by the government to install cell sites in LRT2 stations while Metro Manila is under the Modified Enhanced Community Quarantine (MECQ) due to the Covid-19 pandemic.
The PLDT-owned operator is referring to the “stress test” that its LTE network was able to withstand from the massive demand for connectivity as a result of the Covid-19 contagion.
FRL Trading, a Cebu-based retailer selling agri-based products, has diversified to producing washable face masks and running a grocery delivery service online.
The Voice Over LTE (VoLTE) service along with Voice Over WiFi (VoWiFi) will initially be available in NCR and to selected customers starting Thursday, May 14.
Currently, the sector is dealing with the global economic fallout caused by the Covid-19 pandemic. Domestically speaking, this will have an impact on 2020 headcount and revenue projections and will also modify prevailing work and service models within the industry.
Acting NEDA chief Karl Kendrick Chua pointed out that a number of structural reforms should be put in place as he noted that the academe and the technology industry have helped government by providing technological and ICT solutions to address a number of issues related to the government’s Covid-19 response.
Crypro-currency firm Won Project made the decision to shut down after the SEC advised the public to stop purchasing the company’s Woncoin or investing on any of its schemes, effectively tagging its operations as unauthorized.
