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ICT FY23 net income down 17% to US $511-M
International Container Terminal Services, the multi-national port operator owned by Enrique Razon, posted FY23 net income of $511 million, which was down 17% from FY22’s $618 million due to a “non-recurring and non-cash impairment of goodwill” related to ICT’s acquisition of Pakistan International Container Terminal, and to various other increases in expenses and liabilities......»»
Institutionalize space allocation for ICT infrastructure in development projects – think tank
Legislators should adopt a no-lease policy in a pending legislation requiring real estate developers to allocate space for information and communication technology (ICT) infrastructure in all existing and new development projects, according to international think tank Stratbase Institute......»»
Converge ICT Solutions, Dito Telecommunity sign Master Facilities Provisioning DEAL to share assets
Converge ICT Solutions, Dito Telecommunity sign Master Facilities Provisioning DEAL to share assets.....»»
BSP: Digitizing microfinance services will boost financial inclusion
Digitizing microfinance institutions could promote further financial inclusion in the country as borrowers from the unserved and underserved segments of the population will be able to access a wider range of financial services......»»
BSP onboards 1st nonbank electronic money issuer
The Bangko Sentral ng Pilipinas (BSP) achieved a significant milestone by welcoming OmniPay, Inc. as the first nonbank electronic money issuer (EMI) participant in its Real Time Gross Settlement (RTGS) payment system, PhilPaSSplus. This move aligns with the National Payment Systems Act and signifies a more inclusive national payment system, allowing nonbank financial institutions to conduct efficient and low-risk funds transfers directly through the central bank. Assistant Governor Mary Anne P. Lim emphasized the BSP's commitment to safeguarding the entire Peso RTGS payment system amidst global trends of diversified participation. With 236 institutions, including various banks and nonbank entities, utilizing PhilPaSSplus for large value transactions and retail payment clearing, the BSP's initiative reflects a broader trend of central banks facilitating direct access for nonbank entities to settlement services. This development comes as international standard-setting bodies work on access guidelines to manage risks in evolving payment systems with new players and financial technologies......»»
Converge, Dito agree to share cable assets
Connectivity firms Converge ICT Solutions Inc. and Dito Telecommunity Corp. have decided to work together and have signed an agreement to share their cable assets to expand their coverage and improve services......»»
Keep an Eye on Your Subscriptions
Subscriptions have become an ingrained part of everyone’s lives as digitalization moves forward. From streaming services, fitness apps, to meal kits, and software that people use everyday, these recurring charges offer convenience and access to a variety of services. However, the ease of signing up often leads to a subscription creep, which no one wants. […].....»»
Private firms urged to tap EWA services
The private sector is urged to tap earned wage access services to reduce financial stress among Filipinos who often run low in cash as they await the next paycheck......»»
Philippines, IRRI ink MOU to boost rice output
MANILA, Feb. 19 (Xinhua) -- The Philippines' Department of Agriculture (DA) on Monday said it has signed a memorandum of understanding (MOU) with the International Rice Research Institute (IRRI) to help boost rice production in the Philippines. The DA said the five-year MOU seeks to boost the country's rice industry through sustainable practices that enhance yield, reduce production costs, minimize post-harvest.....»»
Philippines, IRRI ink MOU to boost rice output
MANILA, Feb. 19 (Xinhua) -- The Philippines' Department of Agriculture (DA) on Monday said it has signed a memorandum of understanding (MOU) with the International Rice Research Institute (IRRI) to help boost rice production in the Philippines. The DA said the five-year MOU seeks to boost the country's rice industry through sustainable practices that enhance yield, reduce production costs, minimize post-harvest.....»»
Converge goes Boost Mode, Paints the Nation Purple
Homegrown internet provider Converge further boosts the speed of their internet services via “Boost Mode” to all of their existing subscribers without additional charges on February 22, 2024. Fresh from bagging four recognitions in the 2023 Ookla Speedtest Awards as the Top Rated Internet Experience, Best Internet Gaming Experience, Best Internet Video Experience, and Fastest.....»»
Project S.O.S. seen to enhance services for seniors in Mandaue
MANDAUE CITY, Cebu – Mandaue City is implementing a One-Stop-Shop project to further enhance its services for senior citizens. Called “Project S.O.S” or “Solving Mandaue City’s Ageing Problem Tomorrow, Today,” this will focus on making sustainable services more accessible to the city’s elderly residents. “Targeted na atoang mga programa because we want to give more.....»»
Cebu City taxpayers can now avail services online
CEBU CITY, Philippines – Cebu City taxpayers can now avail of services of the Office of the City Assessors (OCCA) through an online portal according to OCCA’s computer division head. Nelyn P. Sanrojo, OCCA’s computer division head, said that clients could now avail of its services such as the issuance of a certified true copy.....»»
Converge to power up MCIA with free Internet access
Converge to power up MCIA with free Internet access.....»»
40 mln Filipinos have no access to potable water: gov t
MANILA, May 7 (Xinhua) -- At least 40 million people in the Philippines have no access to fresh or potable water, the Presidential Communications Office (PCO) said Tuesday. Responding to the dire situation, Philippine President Ferdinand Romualdez Marcos ordered the government agencies to come up with concrete solutions to provide sufficient water supply to Filipinos deprived of potable water on Tuesday......»»
BDO Life clients can now access their insurance policies online
BDO Life clients can now access their insurance policies online.....»»
Marcos sees internet access for all via fiber backbone project
The government is ramping up efforts to provide internet access for all Filipinos amid its importance in trade and communication, President Marcos said on Friday......»»
Cebu City Hall accuses CPA of privatizing port access road
Cebu City Hall accuses CPA of privatizing port access road.....»»
Philippines says it will not grant US access to more bases
The Philippines says it has no plans to give the United States more access to military bases in the Southeast Asian country, putting a cap on the current total number of nine sites.Philippine President Ferdinand Marcos Jr. told foreign correspondents in Manila Monday that the country's decision last year to increase the number of sites agreed upon under the Enhanced Defense Cooperation Agreement or EDCA was a re.....»»
Garcia: Excavation of mountain in Balamban for DPWH access road
Garcia: Excavation of mountain in Balamban for DPWH access road.....»»