The Bangko Sentral ng Pilipinas (BSP) has instructed GCash to immediately resolve the reported unauthorized deductions on account balances of affected GCash users and swiftly complete the process of refunds.
Before GCash came out with the statement that the issue was caused by “system reconciliation”, Manila Bulletin columnist Arturo Samaniego Jr., who was implicated recently by the National Bureau of Investigation (NBI) as a hacking mastermind, again tried to muddle the issue by claiming in his Facebook post that the losses experienced by GCash users was due to a phishing attack.
DICT secretary Ivan Uy emphasized the urgency for the initiative, as he noted that more than 12,000 complaints related to online transactions were reported in 2022 alone.
The Supreme Court said pilot testing of artificial intelligence (AI) software for voice-to-text transcription for court stenographers is underway in select first-and second-level courts. It is also developing new rules on e-notarization.
The project will invest in the government's national fiber optic backbone, middle-mile, and last-mile connectivity infrastructure, while ensuring the facilities are secure against cybersecurity threats and climate risks.
SC chief justice Alexander G. Gesmundo emphasized the transformative role of technology, particularly artificial intelligence (AI), in reshaping the judicial landscape.
The new legislation aims to level the playing field between local and foreign digital service providers (DSPs) by mandating a 12% value-added tax on all digital services consumed in the Philippines. At present, only local DSPs are subject to paying the 12% value-added tax.
