The Philippines dipped to 23rd in this year’s ranking that assesses how the world’s most promising logistics markets respond to emerging developments in global logistics. Based on the 2025 Agility Emerging Markets Logistics Index, the country fell five notches from the 18th spot it has secured...
The Commission on Human Rights (CHR) underscored the need for "safeguards" and "protection" of the rights of content creators in social media and other platforms as the House of Representatives conducts hearings on the proliferation of disinformation across the internet. "Addressing the persistent...
Interested players aiming to enter the Philippine digital banking sector must propose innovative business models and address specific market needs, according to a senior official from the Bangko Sentral ng Pilipinas (BSP). “The requirement from the governor and the Monetary Board [MB] is that...
A group advocating for digital technology has called for the review of Republic Act 11314, or the Student Fare Discount Act, to include mobile data loads in the 20 percent discount granted to students. (Unsplash photo) Digital lawyer Nick Conti from Click said that internet connectivity is a...
The digital lending market in the country is expected to surpass $1 billion, or P58 billion, in the second half of 2025, fueled by the increasing demand for online financial technologies. Online loan platform Digido said the market is poised for rapid expansion this year driven by the growing...
The Philippine government has made inroads towards greater digital transformation, as required by the newest loan it secured from the World Bank. The Washington-based multilateral lender disclosed on Nov. 26 that Finance Secretary Ralph G. Recto, on behalf of the government, signed the loan...
Mactan, Cebu — Digicentric financial institutions operating like digital banks should be regulated the same way to address market arbitrage, a Bangko Sentral ng Pilipinas (BSP) official said. "If you're already behaving like a digital bank, you should be regulated like a digital bank, not like a...
The World Bank has approved a $750 million loan to support the Philippines' digital transformation, aiming to boost economic growth and improve access to essential services. In a statement, the Washington-based multilateral institution, said the Second Digital Transformation Development Policy...
(Pexels) Navotas City lone district Rep. Toby Tiangco says the continued rise of digital economies in the country is a direct outcome of the Marcos administration’s strategic reforms on expanding the Information and Communication Technology (ICT)...
US-based tech giants are worried that the 12-percent value-added tax (VAT) to be collected from digital services providers (DSPs), plus more stringent rules on internet transactions under two new Philippine laws, could make it harder for global firms to operate here. "While this law imposing VAT on...
The Department of Trade and Industry (DTI) stated that the imposition of value-added tax (VAT) on digital service providers (DSPs) will promote healthy competition in the local market. In a statement on Wednesday, Oct. 16, DTI Secretary Cristina A. Roque said that this measure levels the playing...
Downward Philippine inflation in the near term would be slightly offset by the new law imposing 12-percent value added tax (VAT) on digital services, Singapore-based United Overseas Bank (UOB) said. In an Oct. 4 report, UOB senior economist Julia Goh and economist Loke Siew Ting noted that there is...
