The DTI asked e-commerce platforms to only sell products with ICC sticker or PS mark. Department of Trade and Industry — The DTI Consumer Protection Group (DTI-CPG), through the Bureau of Philippine Standards (DTI-BPS), reminded online shopping platforms to ensure that all the products they sell have Import Commodity Clearance (ICC) sticker or Philippine Standard … Read more
LYKA promoted cashless and paperless gift-giving LYKA — The social media app sought to push the promotion of a cashless and paperless form of gift-giving to Filipinos. According to LYKA Global CEO Ryan Baird, the social media app was currently promoting its Giftcard in Electronic Mode (GEMs) and also pointed out that GEMs will be … Read more
GCash has no plans of applying for a digital banking license, according to Mynt. MYNT – The head of Globe’s fintech arm said on Monday that GCash has no plans of applying for a digital banking license like the company’s main competitor. This, as it preferred to remain a platform for other financial institutions instead … Read more
Digital banks can help boost the economic recovery in the Philippines, according to BSP. BSP — The Bangko Sentral ng Pilipinas said on Wednesday that digital banks, along with traditional banks, can help boost the country’s economic recovery from the pandemic as it pushed for a “tech-savvy” economy. Digital banks were financial institutions without physical … Read more
Here’s the reaction of Ellen Adarna to Elon Musk’s offer to UN ELLEN ADARNA – The actress-model took to social media wherein she reacted to the offer made by Tesla CEO Elon Musk to United Nations (UN). Earlier, the richest man in the world announced that he will sell 2% of his Tesla stock (about … Read more
BSP welcomed LYKA’s plan to apply as a payment system operator. LYKA — The social media platform‘s plan to register as a payment system operator got a positive response from the Bangko Sentral ng Pilipinas (BSP). In a statement released over the weekend, the Bangko Sentral ng Pilipinas said that the BSP welcomed the reported … Read more
LYKA was set to “immediately” open its own office in the Philippines. LYKA – The social media platform has decided to “immediately” open its own office in the Philippines as the Bangko Sentral ng Pilipinas (BSP) upheld its cease and desist order against the company. LYKA’s decision, which will allow the company to “move closer” … Read more
DITO Telecommunity was expecting to reach 6 million subscribers by the end of the year 2021. Telecommunications duopoly challenger DITO Telecommunity was expecting to reach 6 million subscribers by the end of the year 2021. At a virtual press briefing last Thursday, DITO chief administrative officer Adel Tamano said that the telco recorded about 20,000 … Read more
Here are the Top 10 richest in the Philippines according to Forbes 2021 FORBES – A magazine well known for its lists and rankings has unveiled this year’s top 10 richest personalities/clans in the Philippines. #1 Sy Siblings Sy Siblings composed of Teresita, Elizabeth, Henry Jr., Hans, Herbert and Harley ranked number 1 with $16.6B … Read more
Jose Mari Chan on ABS-CBN stocks: ” I don’t want to say that it’s in a coma, it’s probably just hibernating.” For the first time, OPM icon and hitmaker Jose Mari Chan spoke about the delayed growth of his stocks in ABS-CBN Corporation. This is due to the closure of the former giant network after … Read more