Fintech, decentralized assets, and fundraising seen as areas of convergence Africa and ASEAN signed a landmark partnership agreement to promote digital economies, identifying fintech, decentralized assets, and fundraising as a focus for convergence. The historic signing was done at the seminal inclusive Fintech Forum in Kigali, Rwanda witnessed by regulators, association heads, and leading fintech […]
Cryptocurrency owners and traders in the Philippines may have to wait longer before the Securities and Exchange Commission (SEC) can release proper cryptocurrency regulations. The news came after the country’s chief financial regulator announced the postponement of the much-awaited release of a legal framework for the industry. IMAGE CREDIT: www.shutterstock.com SEC wants to remain cautious […]
by Phil Rodrigues, Head of Security APJ Commercial at Amazon Web Services The economic opportunity for businesses of all shapes and sizes across Asia is starting to become much more significant. Since 1960, Asia, the largest and most populous of the continents, has become richer faster than any other region in the world. Of course, […]
Pouch.ph, a Bitcoin payment firm that was launched in 2021, has announced that it will soon be enabling over 400 small businesses in the Philippines to accept and process Bitcoin as a form of payment for goods and services. Paying with Bitcoin in the Philippines (IMAGE CREDIT: www.alamy.com) In a press release shared by the […]
Security Bank Corporation (PSE: SECB) posted a net profit of P2.4 billion in the first quarter of this year, driven by growth in its core businesses. On a sequential quarter-on-quarter basis, net profit increased 18 percent. Net interest margin increased to 4.06 percent, up by 14 basis points versus the previous quarter. Facade shot of […]
Home Credit could soon be expanding its consumer lending portfolio in the Philippines as it collaborates with its new shareholders — the Mitsubishi UFJ Financial Group (MUFG) of Japan and the Bank of Ayudhya (Krungsri) of Thailand. IMAGE CREDIT: www.homecredit.ph Krungsri (Bank of Ayudhya PCL), the fifth largest financial group in Thailand, and Mitsubishi UFJ […]
President Ferdinand R. Marcos, Jr. and Bangko Sentral ng Pilipinas (BSP) Governor Felipe M. Medalla led the recent launch of the commemorative coin set for the 125th Anniversary of Philippine Independence and Nationhood (APIN) held at the Malacañang Palace. The newly issued BSP Commemorative Coin Set (www.bsp.gov.ph) The BSP issued the coin set with 100-Piso, […]
Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, is partnering with Asia Pacific College (APC) to train and strengthen the cloud computing competencies of teachers and students as part of its efforts on local digital talent empowerment in the Philippines. Rhea-Luz Valbuena, Executive Director of School of Computing and Information Technologies (SoCIT) […]
The Bangko Sentral ng Pilipinas (BSP) will start offering 56-day BSP Bills on June 30, 2023, as part of its ongoing initiatives to enhance its monetary operations under the Interest Rate Corridor (IRC) framework. An IRC is a system for guiding short-term market interest rates toward the central bank’s target or policy rate. It consists […]
Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, announced today that its large language model (LLM), Tongyi Qianwen, has been integrated into its intelligent assistant named Tingwu. The assistant excels at converting speech and videos to text in real time, aiming to enhance both personal and workplace productivity. The recently launched LLM enables […]
