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.
Six out of nine electronics exports groups reported positive growth for the first quarter despite the Covid-19 pandemic, according to data from the Philippine Statistics Authority (PSA).
The Contact Center Association of the Philippines (CCAP) said while it is undeniable the Covid-19 pandemic impacted the volume of calls from industries such as airlines and tourism, business volume continues to grow in online retail and logistics as there are more people now ordering online.
Globe Telecom said LGUs and homeowner associations are the major reasons why the Philippines suffers from having very low site density compared to other countries.
The SEC named the firms as CryptoInvestWith.Us (CIW.U), Won Project/ Won Network/ Won Foundation, and Captcha Philippines, which have neither registered securities such as investment contracts nor secured secondary licenses to solicit and take investments from the public.
The Bangko Sentral ng Pilipinas (BSP) has approved the suspension of licensing fees for mobile applications and digital channels that provide electronic payment and financial services (EPFS).
BPO firms were largely unprepared for a total work-from-home model, and had to overcome challenges related to Internet access, equipment transfers, and clearance requirements from clients.
The 168-year-old Bank of the Philippine Islands (BPI) said it is on an “inflection point” towards massive sea-change with digital transactions now far outstripping traditional branch transactions.
