Thursday, June 11, 2026
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Business IT

SEC stops operation of 2 more online lending firms

After revoking the registration and license of online lending operator Digido, the Securities and Exchange Commission (SEC) has ordered Hupan Lending Technology and Hi-Fin Lending to stop their operations.

Lending app firm Digido denies operating ‘unauthorized’ branches

In a statement, Digido said these unauthorized branches were merely “exhibit booths” that were not permanent and therefore “cannot be treated as branches under existing laws and regulations”.

SEC revokes registration, financing license of lending app firm Digido

The SEC also previously cancelled in 2019 the lending license of Robocash Finance Corp., the former name of Digido.

Converge reports strong start to 2025, touts P3-B net income in Q1

Converge’s revenue spike was triggered by an expanding subscriber base in both its residential and enterprise segments.

Maya, Home fiber lift PLDT revenues in Q1

Telecom giant PLDT has announced a robust performance for the first quarter of 2025, with consolidated gross service revenues reaching P53.4 billion. 

BPI rolls out revamped website, mobile app for stock trading

BPI Securities, the stock brokerage subsidiary of the Bank of the Philippine Islands (BPI), has officially launched the upgraded BPI Trade website and a new mobile app designed to cater to both seasoned and beginner traders.

Semicon firm Xinyx links with Colegio De Muntinlupa to develop IC professionals

Integrated circuit (IC) design house Xinyx Design has announced a collaboration with Colegio De Muntinlupa (CDM) to launch Labs by Xinyx, which is reputedly the first flexible learning platform focused exclusively on IC design and microelectronics.

Data center firm says PH needs to boost capacity to handle AI

Data center operator ST Telemedia Global Data Centres (STT GDC) Philippines recently held its annual Practical Insights event last May 8, which focused on the evolving digital economy driven by expanding data center capacity, infrastructure enhancements, and AI-powered solutions.

PH online betting firm expands to Singapore, Brazil

DigiPlus Interactive, the leading operator of online betting in the country, has taken a step in its international growth strategy with its expansion in Singapore and Brazil.

Gov’t opens PH Innovation Hub to give end-to-end support for startups, MSMEs

Located within the Marikina Enterprise Center and operated by the Department of Trade and Industry’s National Development Company (NDC), the five-story facility will leverage the expertise of iHub and its knowledge partners to deliver incubation and acceleration programs.

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