Gov’t eyes support for e-commerce boom

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 […]

Banks extend fee waivers for digital transactions

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...

Gov’t hikes UCPB stake, abandons privatization

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...