World Business Inquiries
Questioning business opportunities in a world that is currently in sharp decline due to the outbreak of the COVID-19 virus. The answer from entrepreneurs and business people is very simple. They answered, all will be beautiful in its time
The country’s economic planners are pushing reforms in the e-commerce sector amid the boom in digital services but the government warned that increased transactions on the internet may also result in an increase in cybercrimes.
But first, the Philippines has to catch up with neighboring countries in terms of broadband penetration and digital adoption because it still has one of the slowest internet speeds in Southeast Asia although it has the most expensive pricing.
Undersecretary Rosemarie G. Edillon of the National Economic Development Authority (Neda) said these reforms can be done by opening the telco sector through amendments in the foreign investment and public service laws as well as the pending open access in data transmission bill.
Edillon said the reforms would “reduce the digital divide by lowering barriers to market entry and increase available spectrum for internet connectivity” as well as “streamline permit requirements for network deployment to reduce
Clients of some of the country’s biggest banks will be able to use the services of two major digital payments channels for free until the end of the third quarter, while some financial institutions have decided to suspend these fees for the rest of the year. Thus said...
The government has abandoned its previous plan to privatize United Coconut Planters Bank (UCPB) and instead jacked up control over the state-run lender so it can assist farmers and help ensure food security amid the COVID-19 pandemic. In a statement on Friday, the...