by ev3v4hn | Jul 11, 2020 | Business News
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 […]
by ev3v4hn | Jul 11, 2020 | Business News
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...
by ev3v4hn | Jul 11, 2020 | Business News
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...
by ev3v4hn | Jul 11, 2020 | Business News
The Energy Regulatory Commission (ERC) said National Grid Corp. of the Philippines (NGCP) had unilaterally deferred the implementation of an interim scheme that would raise its maximum allowable revenue (MAR) to P47.1 billion in 2020 from P43 billion in 2019. At a...
by ev3v4hn | Jul 11, 2020 | Business News
The Philippines is bracing for a worse-than-expected drop in gross domestic product (GDP) in the second quarter as the country’s chief economist on Friday said the COVID-19 lockdown inflicted more pain to the economy than earlier projected. But as the economy...
