Largest Philippine data center on track to early 2025 completion
ST Telemedia Global Data Centres Philippines’ (STT GDC Philippines) expects to complete the construction of the country's largest data center in Fairview, Quezon City by early 2025.
GCash links up with insurer versus online scams
GCash, a leading finance supper app, has partnered with Chubb Insurance to offer "online shopping protect (OSP) to protect Filipinos against fraudulent sellers.
“While we continue...
Proposed wage hikes impose 30% added costs for employers
A top official of a national employers’ group warned that a P150 legislated daily wage increase will inflict “incalculable damage” on the economy and urged instead for more sustainable alternatives to help workers cope with the rising cost of living.
BSP Islamic banking team receives Presidential Lingkod Bayan Award
The Islamic banking and finance (IBF) core team of the Bangko Sentral ng Pilipinas was named regional winner of the Presidential Lingkod Bayan Group Award for their work in developing Islamic finance in the country. The group's efforts have boosted stakeholder engagement and inter-agency cooperation, implemented key regulations and built capacities to support the Islamic Banking Law.
Technology adoption raises services firms’ productivity
The adoption of digital technologies increases services firms’ productivity and structural reforms that open the services sector to greater competition can spur productivity growth, a World Bank report said.
