Mastercard has announced a significant leadership transition in its Asia Pacific operations, with Ari Sarker stepping down as president, Asia Pacific, at the end of 2025. After over a decade in the role, Sarker will assume an advisory position, focusing on strategic initiatives and mentoring to ensure a smooth handover.
Malayan Insurance Co., Inc. again secured its position as one of the country's most stable insurers, with AM Best reaffirming its Financial Strength Rating (FSR) of B++ (Good) and a National Scale Rating (NSR) of aa+.PH (Superior) for the 21st consecutive year.
X Corp. and xAI, two companies of billionaire Elon Musk, have filed a lawsuit in the Texas federal court that accuses Apple Inc. and OpenAI of engaging in anticompetitive practices that allegedly violate U.S. antitrust laws and stifle innovation in the artificial intelligence and mobile app markets.
The Securities and Exchange Commission (SEC) has raised the alarm over a growing number of unregistered cryptocurrency platforms actively targeting Filipino users.