The “Konektadong Pinoy” Act, a landmark measure aimed at revolutionizing Internet access across the Philippines, appears to have officially lapsed into law after Pres. Ferdinand R. Marcos Jr. took no action within the 30-day constitutional deadline.
Department of Information and Communications Technology (DICT) secretary Henry Aguda also revealed that the agency is preparing a department order extending tower operators’ licenses to 15 years, in a bid to attract more investment.
The Bangko Sentral ng Pilipinas (BSP) has ordered mobile payment platforms, including GCash and Maya, to cut access to in-app gaming within 48 hours, amid mounting concerns in the Senate over the social costs of online gambling.
Emerging revenue streams tied to technology — such as synchronization rights for online content and video games — surged 52.9%, while performance rights revenue, boosted by digital distribution and licensing systems, more than doubled.
The Department of Trade and Industry (DTI), through the Board of Investments (BOI), has approved the registration of Asian Hospital Inc.’s (AHI) CyberKnife Radiotherapy Service — the country’s first facility to offer an advanced, AI-driven cancer treatment technology.
Following a public consultation, the Bangko Sentral ng Pilipinas (BSP) is finalizing rules that will require banks, e-wallet operators, and other financial service providers to strengthen measures against online gambling-related harm.
The enrolled copy of the “Konektadong Pinoy” bill was officially transmitted to Malacañang on July 24, starting the 30-day countdown for presidential action.
The Securities and Exchange Commission (SEC) has intensified its campaign against erring online lending companies, filing criminal charges, issuing cease and desist orders, imposing hefty penalties, and revoking licenses in a string of enforcement actions throughout July.
Despite the absence of any mention in Pres. Ferdinand Marcos Jr.’s State of the Nation Address (SONA) on Monday, July 28, supporters of the proposed “Konektadong Pinoy” bill remain optimistic that the measure will soon be enacted into law.
The 2024 National Information and Communications Technology Household Survey (NICTHS) indicated that nearly half of all households now have Internet access at home, while two out of three individuals aged 10 years and over are active Internet users.
