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Business IT

BSP to close application for digital bank licenses by Dec. 2025

The Bangko Sentral ng Pilipinas (BSP) announced on Thursday, Sept. 25, that it will stop accepting new applications for digital banking licenses beginning Dec. 1, 2025, effectively closing the application window just 11 months after it was reopened.

ACC 2025 | AI, satellite Internet, and cybersecurity seen as telecom’s next frontiers

The Asian Carriers Conference (ACC) 2025, hosted by PLDT Global from Sept. 15 to 19, zeroed in on the technologies set to transform the telecom sector: from artificial intelligence (AI) and satellite broadband to advanced cybersecurity frameworks.

PH offshoring industry seen to hit $61B by 2030, add nearly 1-M jobs

The projection marks a 69% jump from the industry’s current estimated contribution of $36 billion and would raise its share of gross domestic product (GDP) from 8.23% to 10.14% over the next five years.

Trustmark registration deadline for online firms extended to Dec. 31

Registered businesses will be listed in an Online Business Database that consumers can use to verify the legitimacy of sellers.

Home Credit posts ₱500-B sales, 12-M users in 12 years in PH

Consumer finance firm Home Credit Philippines (HCPH) celebrated its 12th anniversary this year by highlighting its rapid growth and impact on Filipino households since...

UK fintech firm expands services in PH to support MSMEs with global payments

English fintech company Wise has introduced its "Wise Business" account in the Philippines to serve micro, small, and medium enterprises (MSMEs).

DTI sets Sept. 30 deadline for mandatory Trustmark registration for e-commerce firms

The Department of Trade and Industry (DTI) has set Sept. 30 as the deadline for online merchants, e-retailers, e-marketplaces, and digital platforms to register for the E-Commerce Philippine Trustmark (Trustmark), a digital badge aimed at strengthening consumer confidence in online transactions.

Major telcos shift stance, back ‘Konektadong Pinoy Act’

The development marks a significant turnaround for major players, particularly PLDT and Globe, which had previously opposed the measure. At one point, PLDT even threatened to challenge the law’s constitutionality before the courts.

Electronics drive PH export growth in July

Philippine exports continued their upward trajectory in July, climbing 17.3% year-on-year to $ 7.34 billion, fueled largely by the strong performance of the electronics sector, data from the Philippine Statistics Authority (PSA) showed.

First Circle is first SME financing firm to get ‘E-Commerce PH Trustmark’

The Department of Trade and Industry (DTI), through its E-Commerce Bureau (ECB), has awarded the E-Commerce Philippine Trustmark to First Circle, making it the first SME financing company to receive this government-issued digital badge.

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