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Digital banks urged to tap youth, small firms to boost presence

VIRTUAL BANKS in the Philippines looking for growth opportunities must target the young and unbanked as well as small businesses, S&P Global Ratings said.

Kadayawan spirit lives on with digital events, but tourism sector struggles...

DAVAO CITY — Video-sharing platform TikTok was this year’s stage for the Indak-Indak street dancing competition, one of the highlights of the annual Kadayawan Festival in August.

A digital dance-off spreads from Argentina to the world

BUENOS AIRES — With theaters closed around the world, three South American dancers have created a digital dance-off for aspiring twirlers, with Instagram the new stage where competitors from Argentina and Brazil to Israel and Italy post clips of their moves.

UN pushes sustainable shift to digital finance

THE UNITED NATIONS (UN) has encouraged countries to ramp up the use of technology in financial services while ensuring its sustainability to help them achieve their Sustainable Development Goals (SDGs) by 2030.

Linggo ng Musikang Pilipino goes digital

THESE ARE uncertain times with a pandemic wreaking havoc on people’s health and the country’s (and the world’s) economy, but uncertain times notwithstanding, Filipinos will do what they are best at doing: adapt and endure. The same goes for the music industry which at first was halted by one of the longest lockdowns in the world as it is an industry that thrives in front of a live audience, but it has since adapted and re-programmed to be visible digitally.

Expensive, slow internet pulls down Philippine digital ranking

THE Philippines ranked 66th out of 85 countries in the 2020 Digital Quality of Life Index, saddled with issues like expensive, low-quality internet and the need to upgrade its electronic infrastructure.

Digitized education levels the playing field for students with special needs...

Digitized education levels the playing field for students with special needs, said Shaina Tantuico, co-founder and executive director of TinyLabs, a virtual class platform for children up to seven years old. 

Pandemic to accelerate digitalization

THE digitalization that is expected to spur the country’s young workforce to drive consumption by 2030 will be accelerated by the pandemic, a report from the World Economic Forum and Bain & Company said.

Aboitiz power provider goes digital

A UNIT of Aboitiz Power Corp. has brought online its first digital substation in Davao City.

Digital tax bill hurdles House panel

THE House Ways and Means Committee on Wednesday approved a measure that would impose a 12% value-added tax (VAT) on digital services, particularly those offered by foreign technology companies such as Facebook, Netflix, Inc., Alibaba’s Lazada and Alphabet’s Google.

Pandemic forces Japan’s analog businesses to turn to digital solutions

THE CORONAVIRUS pandemic may be a drag on economies across the globe, but in Japan it’s bringing long-overdue change in work habits and tools.

Housing developers go digital amid pandemic

PROPERTY DEVELOPERS are turning to digital tools to boost home sales amid the coronavirus pandemic.

Supply chain for food, other goods challenged by overloaded shippers

DAVAO CITY — Cargo logistics operations are slowly improving with the easing of lockdown rules, but the industry says supply chains remain challenged due to the workload imposed on freight forwarders and the failure of government agencies in charge of approvals for the movement of goods to fully embrace digital processes.

Manila FAME 2020 trade show canceled in favor of digital

THE Department of Trade and Industry’s export promotion arm is cancelling the 71st Manila FAME trade show as it shifts to digital promotion activities.

Turning the digital divide to dividends

In a recent speech, President Rodrigo Duterte declared that face-to-face classes will be suspended until a vaccine for the coronavirus disease 2019 has been found. As a result, the country’s educational system, from basic to higher education, finds itself abruptly shifting to either blended or online modes of instruction.

Pandemic digital habits expected to stick around after public health crisis

NEW digital behaviors adopted by consumers and businesses during the coronavirus crisis are expected to linger after the pandemic, accelerating the long-term growth of the technology sector, the Franklin Equity Group said.

Digital is ‘new normal’ as businesses restart

THE “new normal” for businesses after the lockdown is lifted will likely include a major shift to digital services, including digital payments and telemedicine.

TONIK to launch the first digital-only bank in the Philippines

TONIK is powered by BPC The Philippines is about to welcome its first digital-only bank. TONIK Digital Bank Inc, founded in 2018, received its banking...

Agency banking transactions rose in 2019

THE COUNTRY’S digital agency banking in 2019 took a leap as transactions ballooned by more than fivefold, fueled by withdrawal transactions of conditional cash transfer beneficiaries.

Utility payments, remittance transactions still done manually despite digital platforms

UTILITY PAYMENTS and remittance transactions are still done manually by majority of Filipinos, according to a study by Better Than Cash Alliance which recommended an interoperable platform to streamline these inflows.

Volume, value of Filipinos’ digital transactions climb

THE COUNTRY has seen a leap in moving towards a more digital economy with a significant growth in the volume of e-payments, according to a study cited by the Bangko Sentral ng Pilipinas, with Filipinos also becoming more trustful of online payments as the value of the transactions made have also inched up.

IEMOP’s bright year as WESM operator

By Mark Louis F. Ferrolino, Special Features Writer With its assumption of the operations of the Wholesale Electricity Spot Market (WESM) on Sept. 28, 2018, the...

The future in focus

Winning together in the fourth industrial revolution By Bjorn Biel M. Beltran, Special Features Writer Professor Klaus Schwab, founder and executive chairman of the World Economic Forum,...

Providing world-class connectivity

Telecommunications has become one of the lifeblood of the modern world. It happened to be the driving force behind massive changes and multitudinous advances...

Smart Padala by PayMaya empowers communities with digital financial services

Digital financial services adoption is growing fast as mobile and internet penetrate all corners of the country. For most of the unbanked and underserved,...

A better health care experience

Advances in technology across retail, hospitality and finance, among others, have caused consumers to become more demanding. The exact same thing came to apply...

Expanded card use to push growth in digital transactions

THERE IS huge scope to raise digital transactions in the country by pushing more Filipinos to use their bank cards beyond cash withdrawals, payments provider Visa said.

Looking towards real estate in 2019

Bjorn Biel M. Beltran, Special Features Writer Recent years will show that the Philippine property market has become one of the most valuable in all of...

Refueling the oil industry through tech

Like many other industries, the oil industry is undergoing a digital shift. Oil companies are now seeing the profound impact of technology in improving...

2019: The year of the data-driven digital ecosystem

IT’S THAT time of year — our planet has made its trip around the sun and as we close out 2018, we look ahead and think about the possibilities for 2019.And we’re closing in on the next decade of innovation that takes us into 2030, where we at Dell Technologies predict we’ll realize the next era of Human-Machine Partnerships — where we will be immersed in smart living, intelligent work, and a frictionless economy.

Helping achieve the Filipinos’ life goals

PNB Savings Bank holds ARTspiration 2018, presents innovations inspired by you Last Saturday, the consumer lending arm of the financial giant Philippine National Bank (PNB),...

Security in a world of too much data

BusinessWorld holds Cybersecurity Forum By Bjorn Biel M. Beltran, Special Features Writer Cybersecurity starts from within. That is the clarion call expressed by the speakers at BusinessWorld’s first...

The drivers of change in global logistics

As an industry mostly concerned with speed, global logistics, which comprises of a wide range of business from container shipping, courier companies, port operators,...

The present and future of insurance brokerage

It only makes sense that as an economy grows, the need for insurance also increases. For instance, consider non-life insurance. As the average household...

TAITRA holds Discover Advanced Trends in E-commerce Expo 2018 in Taiwan

With the Asia-Pacific having the largest population of Internet users and its e-commerce market achieving the highest growth rate in 2017 compared to other...

Four tips for keeping safe online as a career freelancer

Cybersecurity insights from Kaspersky Lab.

Five disruptive global retail trends

KPMG, one of the world’s biggest professional services firms, argues that disruption — which is often portrayed as something “that is coming” — is...

UnionBank eyeing to make more branches ‘fully digital’ within the year

UNIONBANK of the Philippines is set to convert more branches into “fully digital” offices this year amid its push to digitize its processes and services.

BusinessWorld Economic Forum 2018 tackles realities of disruption

Last May 18, BusinessWorld, the most read and most respected business newspaper in the Philippines, triumphantly staged the third edition of its annual BusinessWorld...

MediCard Philippines, Inc.: Providing adequate health care access to more people

By Bjorn Biel M. Beltran, Special Features Writer When the concept of health maintenance organization (HMO) became popular in the United States in the early 1970s,...

After blockchain, Pacquiao invests in tech startup

The boxing superstar-turned-legislator recently led the seed funding of a local car rental platform.

ABS-CBN launches its first digital series

ABS-CBN News and Current Affairs is experimenting with a purely digital series, Lakwatsero, which follows television host Robi Domingo as he travels the lesser-known tourist spots...

BAP looks to develop digital identity technology for banks

THE Bankers Association of the Philippines (BAP) has partnered with a technology and consulting company to develop an industry-wide facility to enhance the country’s...

Most businesses believe digital payments improve financial standing

NEARLY all businesses in the Philippines believe the inclusion of digital payments in their business models improve their financial health, according to a survey...