The Philippines’ rise as a digital economy standout is entering a new phase as artificial intelligence accelerates both innovation and cyber risk, pushing businesses to rethink how they protect data and develop talent.
As the May 2025 midterm elections approach, the proliferation of deepfakes and cyberattacks is expected to escalate, posing a significant threat to democratic processes and national security.
Smart Communications, Inc. (Smart), at a recent telco forum hosted by the Anti-Red Tape Authority (ARTA), underscored the importance of collaboration within the telecommunications industry to combat the growing cybersecurity threats facing the Philippines. Lawyer Roy D. Ibay, Smart vice president and head of regulatory affairs, highlighted the critical need for real-time exchange of best practices and threat intelligence to protect consumers from malicious activities such as phishing attempts and scam links.
In light of recent online banking theft attempts made against some of its members and pensioners, the Government Service Insurance System (GSIS) warns the...
Electronic money issuers (EMIs) are now required to comply with minimum capital and liquidity requirements amid the rising incidence of information technology-related risks and to better protect the interests of account holders, according to the Bangko Sentral ng Pilipinas (BSP).
OceanaGold Philippines Inc. (OGPI) has allocated P768.43 million under its Final Mine Rehabilitation and Decommissioning Plan (FMRDP) for the Didipio gold and copper mine that spans Nueva Vizcaya and Quirino provinces. In a statement released Sunday, the listed mining firm confirmed that P551.4 million has already been placed in a trust fund. The company said the fund will keep growing in line with required annual contributions as it moves forward with rehabilitation and closure preparations while the mine remains active.
The Energy Regulatory Commission (ERC) has granted the National Transmission Corporation (TransCo) provisional authority to collect a higher Feed-in Tariff Allowance (FIT-All) rate starting this month. The rate will rise to P0.3359 per kilowatt-hour (kWh) from the existing P0.2011 per kWh, marking an increase of P0.1348 per kWh. This adjustment covers the approved working capital allowance (WCA) rate update.
Listed Manila Electric Co., the country’s largest power distributor and better known as Meralco, on Sunday said it will immediately comply with the Energy Regulatory Commission's (ERC) directive to refund about P9.5 billion to customers, backing the government's push to deliver quicker and more transparent electricity bill relief.
The Philippine Chamber of Commerce and Industry (PCCI) said the government's plan to scrap systems loss charges and the value-added tax (VAT) on electricity bills should serve as a springboard for broader reforms aimed at lowering power costs and improving the country's investment competitiveness.