European telcos may soon enter the Philippine market, thanks to Congress for passing a measure that allows full foreign ownership in the industry. The proposed measure has made several European companies eye the Philippines. According to Lars Wittig, President of the European Chamber of Commerce of the Philippines (ECCP), the ratification of the bill amending […]
The Philippine Government is offering Hyundai tax incentives if they build their Ioniq EV in the Philippines. This is part of DTI’s effort to boost the Philippine industry by asking foreign companies to do business in the Philippines. Department of Trade and Industry (DTI) has been meeting with Korean establishments that are specifically involved in […]
Results of Dito Telecommunity technical audit reports that the third telco provider in the company has passed the required minimum average broadband speed that’s set at 27 Mbps, the National Telecommunications Commission (NTC) said on Monday, February 22. Dito’s certificate of public convenience set the coverage at 37% for its first year of operations while […]
It is not just SpaceX that has plans to invest in the Philippines: new reports confirm that Japan’s KDDI Group and Softbank also expressed interest as well. As reported by GMA News, DFNN Inc. chairman Raymon Garcia confirmed in a disclosure that both KDDI and Softbank–the latter owned by Masayoshi Son–are interested in investing in […]
If there is one thing that this COVID-19 pandemic has taught us,it’s the importance of eWallet platforms like GCash. With cashless and contact-free transactions, a number of us manage to pay bills and shop for various things without bringing out physical cash. We’ve been GCash users since the pandemic started, and we’ve picked up a […]
It is part of the non-bank financial services provider’s digital transportation As part of its digital transformation, Cebuana Lhuillier acquired a stake at fintech company Satoshi Citadel Industries (SCI) Ventures. The Filipino-led blockchain and digital asset platform is backed by Korean instant messaging app Kakao Talk, which has its own virtual currency arm called Kakao […]
The options are now on the table China Telecom has two options available to it if it ever wants to push through with its investment in the Philippines: become the third telco player or partner up with the two current telcos Globe or PLDT. This is what Department of Information and Communications Technology Eliseo Rio […]
What will it take to fix this mess? Everybody knows that the internet in the Philippines sucks. It’s an oft repeated adage that our internet is slow, expensive and ridiculously unreliable. While I’m one of the few people that enjoy relatively fast, first world internet at home, the minute I step out of the door, all […]
The Philippine government is the most practical option, a study says. According to Globe Telecom, given the current circumstances in the country, the Philippine government is the only “realistic” and “viable” third major telco operator that can possibly keep up with the financial cost of the business, as well as effectively compete with the two established […]
The age of self-driving cars in the Philippines is on its way to becoming reality, thanks to the Ayala Corporation. The conglomerate is apparently prepping up $100 million to make the Philippines a manufacturing center of self-driving vehicles in the Southeast Asian region. Regional business journal Nikkei Asian Review reported the news last Tuesday, in […]
Will we finally be getting fast internet? Days after incoming President Rodrigo Duterte said that he’s planning to deal a blow to cartels in both energy and telecommunications because of bad service, both Globe and PLDT have pledged to support his drive for faster internet in the PH. “We support the call for faster internet. […]