Senate Bill 1846 seeks to ensure that all goods and services transacted digitally will be as advertised. It will also pave the way for the creation of an e-commerce bureau under the Department of Trade and Industry (DTI), which will oversee Internet-based activities that presently lack regulation.
The MOU's primary objective is to establish a voluntary site-blocking practice against the unauthorized distribution and sale of pirated content over the Internet and set an example for other stakeholders who are not yet signatories to the agreement.
Out of the index’s 5 pillars, the Philippines performed best in Internet quality, claiming 21st place, while facing challenges in Internet affordability, ranking 104th.
Sen. Aquilino “Koko” Pimentel III grilled the NTC during a budget hearing on Tuesday, Sept. 19, how it intends to prevent unscrupulous individuals from using fictitious information to register their SIM cards.
Called the Consumer Application Monitoring Systems (CAMS), it is an initiative of the Cybercrime Investigation and Coordinating Center (CICC), an attached agency of the DICT.
By being listed as an authorized registrar, crowdfunding intermediaries and funding portals will no longer be reliant on third-party institutions to assist potential investors with their application as qualified buyers.
The investments came from manufacturers of high-technology products such as TDK Corp., which plans to invest P7.2 billion; Taiyo Yuden, P1.6 billion; Terumo Corp., P1 billion; and Almex Technologies, P1 billion.
The Bangko Sentral ng Pilipinas (BSP) said it has selected Hyperledger Fabric as its distributed ledger technology (DLT) for its Central Bank Digital Currency (CBDC) pilot project: Project Agila, formerly known as Project CBDCPh.
The Department of Information and Communications Technology (DICT) said it has signed a Public-Private Partnership (PPP) agreement worth $150 million (or approximately P8.5 billion) with Japanese telecommunications firm IPS and its local affiliate InfiniVAN to expand the country’s fiber cable infrastructure.
