House Bill 7327 mandates the creation of the Philippine Infostructure Corp. to manage government ICT assets, including infrastructure, platform, and software. The corporation shall have an authorized capital of P5 billion.
The House Committee on Banks and Financial Intermediaries chaired by Manila representative Irwin Tieng approved on Tuesday, Feb. 14, two bills seeking to promote the adoption of digital payments for financial transactions.
The House Committee on Women and Gender Equality also held initial deliberations on bills seeking to amend Republic Act 9262 or the "Anti-Violence Against Women and Their Children Act of 2004" that would address the problem of electronic violence against women and children or minors (E-VAWC).
The Department of Finance said the proposed law will level the playing field between digital and traditional businesses, especially those that cannot shift to the digital platform.
Fans of online shopping and Netflix may soon find themselves shelling out more than the usual after the House of Representatives on Monday, Nov. 14, approved on third reading House Bill 4122 which imposes tax on digital transactions and subscriptions.
House ICT committee chair and Navotas City representative Tobias Reynald Tiangco said the country's large number of prepaid mobile subscriptions provides opportunities for nefarious individuals, as well as criminal acts for terrorists and insurgents.
In a big boost to motorcycle ride-hailing apps, the House of Representatives has approved on second reading a proposed law that would allow companies like Angkas to formally operate in the country.
The House Committee on Banks and Financial Intermediaries approved on Thursday, Jan. 13, in principle the substitute bill that would regulate the use of bank accounts and e-wallets, as well as prohibit its use for unusual and suspicious financial activity.
