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BRICK-AND-MORTAR lenders are refocusing their branch banking strategies this year amid the coronavirus pandemic that has caused their customers to shift to using their digital services.
IN ORDER TO “build back better” from the impact of the coronavirus pandemic, the Philippines should focus on closing the digital gap, upgrading the education curricula, upskilling workers, and expanding investments in research and development, according to a new report by the World Economic Forum (WEF).
THE PHILIPPINES was ranked towards the lower half of a 90-country study on digital infrastructure quality, according to a study conducted by Tufts University in Massachusetts and Mastercard, Inc.
THE COUNTRY’S travel and trade sectors could benefit from fully digitizing processes in response to the coronavirus pandemic, Perlin.net Chief Executive Officer Dorjee Sun said.
THE MONETARY BOARD has approved a regulatory framework for digital banks, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said on Thursday.
ACCURATE information about Philippine art can now be accessed on one’s phone — and laptop, iPad, desktop… — as the Cultural Center of the Philippines (CCP) launched the digital version of its Encyclopedia of Philippine Art (EPA) in a webinar last week.
AGRO-DIGITALPH, a startup, hopes to organize a new “digital ecosystem” of farmers to encourage greater use of technology in the industry with the end goal of raising farmer incomes following the disruptions caused by the coronavirus disease 2019 (COVID-19) pandemic.
THE Philippine digital economy’s gross merchandise value (GMV) is seen to hit $28 billion in 2025, accelerating to a 30% compound annual growth rate (CAGR), driven by the growth in new digital consumers, the latest e-Conomy Southeast Asia report by Bain & Company, Google, and Temasek said.
MICROSOFT Philippines (PHL) is seeking to close the digital skills gap in the country by helping Filipinos increase their digital literacy, company officials said.
DIGITAL and workforce transformation in outsourcing, instead of cost cutting, will be the key to industry recovery, Accenture Senior Managing Director Ambe C. Tierro said.
ABS-CBN Corp. will further expand its digital presence after the Youtube channel of its entertainment show hit 30 million subscribers, the listed media company said.
BUSINESS LEADERS are calling for improvements in information technology infrastructure and workforce talent development after the Philippine ranking for digital competitiveness dropped two spots in a global digital competitiveness index.
SOUTHEAST ASIA is among the regions seen to gain the most in the expected surge in the digital space, the Asian Development Bank (ADB) said, but this would require huge investments and good management of risks.
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.
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.
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.
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.
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, said Shaina Tantuico, co-founder and executive director of TinyLabs, a virtual class platform for children up to seven years old.
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.
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.
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.
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.
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.
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.
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...
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.
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.
Digital financial services adoption is growing fast as mobile and internet penetrate all corners of the country. For most of the unbanked and underserved,...
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