MANILA -Local companies are fortifying their cyber defenses to support remote working, which has become a preference for many employees since the onset of the pandemic that barred mobility, according to an enterprise cloud provider. Trend Micro Philippines country manager Ian Felipe, in an interview with the Inquirer, said that organizations “showed improvement in their cyber preparedness levels” as “robust cybersecurity enables Filipino employees to work from anywhere securely and efficiently.” ...
The introduction of the spot market for foreign exchange trades between the Philippine peso and the Chinese renminbi during the previous administration had many doubters and, to a large degree, it still does to this day. But at least one financial institution decided to forge ahead and build a thriving business based on it despite these doubts. Or maybe because of it, since other players remain cool to the idea. We’re talking about Asia United Bank (AUB) whose leadership recently decided to further increase its foreign exchange trading of the ...
Union Bank of the Philippines (UnionBank) embarked on a digital transformation journey in 2016, long before the COVID-19 pandemic underscored the importance of digital readiness. This forward-thinking approach has enabled UnionBank to position itself as a digital trailblazer in the financial sector, allowing them to scale their operations efficiently and stay ahead of the curve. One of the most striking aspects of UnionBank’s digital transformation is the overhaul of their customer touchpoints. The bank has gone the extra mile to provide a se ...
MANILA, Philippines–IP E-Game Ventures Inc. (E-Games) and Level Up! Inc. (LUI) have completed the merger of their Philippine online game publishing operations, creating the largest business of its kind in the country with over 37 million registered users and over five million active users per month. In a disclosure to the Philippine Stock Exchange on Monday, the publicly listed E-Games announced the completion of its transfer of select game titles and assets to LUI. In exchange, it will receiv...
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MANILA, Philippines — Bank of the Philippine Islands (BPI) said it already resolved on Wednesday the erroneous duplicate transactions that affected clients’ bank accounts. “We are pleased
MANILA -Manuel V. Pangilinan-led Metro Pacific Investments Corp. (MPIC), the Philippine-listed infrastructure giant that controls some of the country’s largest utilities, is planning to go private as its owners and a new Japanese investor group prepare to launch a P48.6-billion tender offer as early as next month. Metro Pacific is principally owned by Indonesian billionaire Anthoni Salim and the Ty family conglomerate GT Capital Holdings. Also joining the tender offer are the Japanese venture that includes industrial giant Mitsui and a privat ...
—the World Bank’s private sector investment arm—and state-run Development Bank of the Philippines (DBP) as its advisers for the transaction. The existing line from Baclaran to...