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Dec 08 2020 NTC: Internet service now 100% faster due to efforts to cut red tape
Local Internet service is now at least 100 percent faster than previous years amid the government’s efforts to cut red tape in the telecommunication sector.
The National Telecommunication Commission (NTC) hopes to continue this momentum by pushing for stiffer penalties erring telecommunication companies (telcos) and more government spending in infrastructures networks as the country’s internet speed…
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Dec 08 2020 Sustainable online livelihood awaits unemployed Filipinos as RCBC, Resellee join hand
Rizal Commercial Banking Corporation’s (RCBC) DiskarTech together with social ecommerce platform Resellee join forces in providing sustainable online livelihood to over 18 million unemployed Filipinos, and micro Small Medium Enterprises (mSMEs) affected by the COVID-19 pandemic.
In a recent Social Weather Survey (SWS), it was revealed that 36% of adult Filipinos believe their quality of lives…
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Dec 08 2020 Banks need to boost cybersecurity protocols to guard vs threats, attacks as clients shift online
FINANCIAL INSTITUTIONS need to continue boosting their guard against fraud and crimes as consumers shift towards online transactions amid the coronavirus pandemic, stakeholders said.
“With that surge of transactions, it is paramount to implement cybersecurity protocols to protect the institutions and most importantly, the customers,” Spark Perreras, chief executive officer and co-founder of financial technology firm…
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Dec 07 2020 PH remains one of the key players of FinTech in the region
As Fintech leadership moves to Asia, the Philippines has strong potential to emerge among its central players. This was one major analysis that surfaced at the first panel of the day entitled “Fintech Growth: Powering Up Cities, Communities, and The Entire Country.” Various industry leaders who spoke in the panel were Bangko Sentral ng Pilipinas (BSP)…
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Dec 07 2020 More Philippine firms now find it ‘easy’ to innovate, study says
MORE THAN HALF of Philippine organizations now find innovation in the country “easy,” after they increased their abilities to innovate amid a pandemic crisis, the latest study by Microsoft Corp. and International Data Corp. (IDC) Asia/Pacific showed.
“Since the COVID-19 (coronavirus disease 2019) pandemic, Philippine organizations have matured in the culture of innovation by 4%, increasing…
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Dec 07 2020 MSMEs back in business present many silver linings
With the calibrated opening of the business, the Filipino entrepreneurs find silver linings after getting a big blow from the slowdown of economic activity due to the COVID-19 pandemic.
According to Director Jerry Clavesillas from the Bureau of MSME Development under the Department of Trade and Industry, “As we started to ease up the situation or…
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Dec 07 2020 UnionBank and StanChart Pilots Blockchain Bond Issuance of PHP 9 Billion
UnionBank has partnered Standard Chartered Bank (SCB) to successfully complete a proof of concept (POC) for the issuance of a retail bond on a digital platform leveraging blockchain technology for bond tokenisation.
The 3 and 5.25-year dual tranche issuance totaling PHP 9 billion by UnionBank was successfully mirrored on the platform co-created by UnionBank and SC Ventures, the…
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Dec 07 2020 Mastercard Partners PayMongo to Enable SMEs to Set up Digital Payment Systems
Mastercard has announced a five-year partnership with PayMongo, a Filipino online payment platform, that allows businesses to quickly set up payment systems and accept multiple modes of payment such as cards, e-wallets and other alternative payment options.
The strategic partnership with Mastercard will strengthen PayMongo’s business offerings by enabling the latter to be a Mastercard issuer to small and…
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Dec 06 2020 PH executives continue investing in digital transformation
An IBM study showed top executives of Philippine-based firms will continue investing in digital technology in the next two years, accelerating their digital transformation amid the pandemic.
In a virtual media roundtable Friday, IBM Philippines president and country general manager Aileen Judan Jiao said companies will continue to roll out digital transformation initiatives even if coronavirus…
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Dec 06 2020 PLDT, Smart reaffirm support for MSMEs at UNGC-led sustainability summit
The country’s largest integrated telco PLDT and its wireless arm Smart Communications, Inc (Smart) continue to recognize the hard work of local entrepreneurs in helping keep the economy afloat amid the global COVID-19 crisis.
At the invitation of the United Nations Industrial Development Organization (UNIDO) and the UN Global Compact Network Philippines (GCNP), PLDT and Smart…