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The Philippines central bank, Bangko Sentral ng Pilipinas (BSP), has given the green light for controlled trials of a national stablecoin that will be pegged 1:1 to the local peso.
Sen. Grace Poe amplified her call for clean and honest elections on the 20th year of the "Hello Garci" phone conversation that marred the May 10, 2004 elections and raised doubts on its integrity.
MANILA, Philippines — Superior medical imaging with greater clarity, sharpness and efficiency brought about by the revolutionary uMI 550 PET/CT (positron emission tomography/ computed tomography) system is coming to the Philippines.
MANILA, Philippines -- The Dallas Mavericks handed the Oklahoma City Thunder their first loss in the NBA playoffs, 119-110, to tie the best-of-seven Western Conference semifinals at one game apiece Friday (Manila time).
DigiPlus Interactive [PLUS 12.76, down 4.6%; 79% avgVol] [link] reported a Q1 net income of P2.0 billion, up 370% y/y from its Q1/23 net income of P0.4 billion. PLUS attributed its performance to revenue increases in all of its material business segments: retail games (+237%), casino rental income (+30%), hosting fees (+19%), and other leases (+12%). In the “FUTURE PLANS” portion of the Management’s Discussion and Analysis section, PLUS said that it “continues to execute on its... vision to be the number one digital entertainment group in the Philippines.” PLUS said that it is looking to boost customer retention through the use of “big data technologies” and plans to “embark on aggressive marketing efforts” to “enhance customer engagement.” The group’s Franchise Fees and Taxes expense grew 201% y/y to P6.8 billion, but this is the amount that PLUS pays PAGCOR and the government as a percentage of its gross gaming revenue.
MANILA, Philippines — Digital entertainment firm DigiPlus Interactive Corp. (DigiPlus) recorded a net income of P2 billion in the first three months of 2024.
MANILA, Philippines — Fans of K-pop girl group Twice can get a chance to meet the group when they join a digital promo.
When Ferdinand Marcos Jr became president, he laid out a policy of immediate digitalization of vital government services to boost the ease of doing business and combat corruption. This was an important policy as the Congressional Policy and Budget Research Department observed that digital transformation can be an important boost to the Philippines’ economic recovery in the post-pandemic period. Globally, digital transformation is nothing new as the ongoing process of digitalization has been shaping how countries do business and trade.