Smart Communications and US-based satellite firm Lynk Global have conducted another round of field tests for direct-to-device (D2D) satellite connectivity, this time in the northern towns of Burgos, Bangui, and Pagudpud in Ilocos Norte, areas that face the West Philippine Sea and have limited terrestrial mobile coverage.
The Securities and Exchange Commission (SEC) has ordered digital lending firm Digido Finance Corp. to permanently cease its financing operations, after finding that the company continued extending loans despite the revocation of its corporate registration and financing license last year.
The company said its Wireless Consumer segment generated ₱85 billion in revenues for the year, supported largely by increased data usage and the rollout of 5G services nationwide.
E-wallet provider Maya reported its first full year of profitability in 2025, posting ₱1.7 billion in net income as growth in deposits, lending, and merchant services continued to expand its footprint in the country’s digital-finance market.
Sen. Bam Aquino highlighted the industry’s economic weight, noting that IT-BPM employs around 1.9 million Filipinos and contributes about 8.2% to the country’s gross domestic product.
The Securities and Exchange Commission (SEC) has fined Global Dominion Financing P50,000 for abusive debt collection practices, including the use of aggressive digital communications, as regulators tighten oversight of how financing firms deploy technology in dealing with borrowers.
A ₱1.75-billion credit facility aimed at expanding access to financing for micro, small, and medium enterprises (MSMEs) was formally launched on Feb. 6 through a partnership involving Fuse Financing, the credit unit of Mynt, operator of GCash, the Asian Development Bank, and the Mastercard Impact Fund.
IBPAP has emphasized the need for closer collaboration among companies, government agencies, and academic institutions to strengthen the country’s digital workforce and prepare Filipino professionals for higher-value roles.
Starting Jan. 30, corporations required to submit beneficial ownership information will do so through the Hierarchical and Applicable Relations and Beneficial Ownership Registry (Harbor), a digital system integrated with the SEC’s Electronic Filing and Submission Tool (eFAST).
The 2,600-square-meter facility, located at Golden Mile Business Park, represents an initial investment of nearly $1.2 million and is designed to produce high-performance air filtration products for international markets, primarily the United States.
