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SEC pushes forward with reforms to safeguard PH from FATF grey list

The Securities and Exchange Commission (SEC) on Thursday announced a new round of reforms further strengthening the country’s anti-money laundering (AML) and counter-terrorist financing (CFT) efforts.

PLDT posts strong 2024 results, announces dividends

PLDT Inc., the Philippines’ largest telecommunications provider, has posted a solid financial performance for 2024, demonstrating growth and resilience amid a rapidly evolving industry. Net income for the year rose significantly to P32.33 billion, up from P26.61 billion in 2023.

IMI projects turning a profit this year following strategic restructuring

Integrated Micro-Electronics Inc. (IMI), a subsidiary of the Ayala Group struggling to make a profit, may be on the cusp of a profitable year after a period of restructuring and streamlining its operations. The company, which has faced considerable financial difficulties, has scaled down its operations, refocusing on its core strength to improve profitability.

Converge ICT offers tips to strengthen online security amid rising cyber threats

Converge ICT Solutions Inc. recently shared vital insights on how consumers and businesses can protect themselves from the growing threat of cybercrime. Eugene Yeo, the Converge's chief executive advisor, highlighted the increasing vulnerability of internet users, particularly with cybercriminals using advanced tools like artificial intelligence (AI) to make attacks more efficient and widespread.

Maya Bank attracts over 125,000 credit cardholders in only six months

Fintech company Maya Philippines Inc. said on Thursday that it has issued more than 125,000 credit cards in just six months that further solidifies its position as a key player in the digital banking space. The company also revealed that it is on track to achieve group-wide profitability by December 2024.

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DOJ cracks down on procurement bid-rigging schemes 

The Department of Justice–Office for Competition (DOJ-OFC) intensified its push for transparency and accountability in government procurement, convening a two-day online workshop to help government personnel and procurement practitioners detect bid rigging and other anti-competitive practices.

AboitizPower, MOELCI-I sign emergency power deal for Misamis Occidental

Therma South, Inc. (TSI), a subsidiary of Aboitiz Power Corporation, has signed a two-megawatt Emergency Power Supply Agreement (EPSA) with Misamis Occidental I Electric Cooperative, Inc. (MOELCI-I) to help ensure stable electricity supply in Oroquieta City and seven municipalities in the province.

PLDT Enterprise, SKYGO expand partnership to boost digital transformation

PLDT Enterprise is strengthening its partnership with SKYGO Marketing Corporation to support the company’s digital transformation and nationwide operations through improved connectivity, cloud-ready infrastructure, and network security.

DA plans setting P53/kilo SRP for local rice

Agriculture Secretary Francisco P. Tiu Laurel Jr. announced Tuesday that the Department of Agriculture (DA) has reached an agreement with rice industry stakeholders to set a suggested retail price (SRP) of P53 per kilo for local rice, striking a balance between farmers’ profits and consumers’ budgets.
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