Wednesday, October 4, 2023
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License of online lender revoked for unlawful debt collection practices

The Securities and Exchange Commission (SEC) has revoked with finality the license of Populus Lending Corporation to operate as a lending corporation for unlawful debt collection practices and failure to disclose its online lending platforms (OLPs) to the agency.

Japanese electronics firm to invest P4.4B in Batangas plant

Murata Manufacturing, which was founded in Kyoto, Japan in 1944, is engaged in the research & development, production, and sales of ceramic-based electronics used in Apple iPhones and other devices.

NPC warns firms, villages against indiscriminate taking photos of IDs

The National Privacy Commission (NPC) on Saturday, Aug. 5, warned against the “prevalent practices” by certain businesses and associations of taking photos of identification (ID) cards of customers or other persons using the electronic devices of their employees or agents without safeguards or privacy notice.

BIR: Senior citizens, PWD discounts mandatory for online transactions

The BIR also stated that the signature of the SC/PWD is not required if the qualified purchase was made online or through mobile applications. However, the SC/PWD identification card number should still be provided.

Cost of data breach in PH, Asean hits record high at $3.05M

The latest edition of the “Cost of a Data Breach Report” from IBM Security has revealed that the average cost of a data breach in Asean countries, including in Philippines, reached $3.05 million in 2023 – an all-time high for the report and a 6% increase year-to-year.

DICT to step up ICT infra as Marcos Jr. highlights faster Internet in SONA

Pres. Ferdinand Marcos Jr. promised in his SONA more improvements in terms of connectivity, stating that the National Fiber Backbone and Broadband ng Masa projects of the DICT will deliver high-connectivity and high-speed Internet.

Open RAN adoption in PH seen boosting telecoms, healthcare sectors

Experts assert that the adoption of Open RAN standards offers substantial advantages to telecommunications networks, including enhanced interoperability, cost reduction for 5G infrastructure, and extended Internet connectivity to underserved regions.

DICT, telcos sign pact to create Connectivity Index Rating

The rating system will produce an accessible measure of indoor Internet experience quality and aims to empower consumers by providing them with clear insight into the connectivity performance of different establishments.

First high-powered e-motorcycle assembly line in PH opens

The manufacturing collaboration between Integrated Micro-Electronics Inc. (IMI) and California-based electric motorcycles manufacturer Zero Motorcycles seeks to help address the global demand for high-powered motorcycles, whose demand is expected to increase to about 16,000 bikes per year by 2025.

SEC tells MSMEs, start-ups to tap crowdfunding to raise funds

Crowdfunding is a fundraising activity typically conducted by startups and SMEs, where the public can support or fund a business idea through an online platform.

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