Friday, March 29, 2024
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In November last year, a Binance spokesperson based in South Korea told Newsbytes.PH that it has stopped its marketing activities in the Philippines while it seeks to comply with local regulations. It appears, however, that it did file any paper works to legalize its presence in the country.

LATEST STORIES

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BUSINESS IT

PLDT forms VITRO Inc. as subsidiary to manage data center biz

ePLDT, the ICT subsidiary of PLDT, has officially established VITRO Inc. to serve as its dedicated data center operations company to the address the demands of hyperscalers and enterprises.

Blinken says CHIPS Act to bolster PH-US ties in semicon industry

Under the CHIPS Act, the Philippines stands to benefit from the $500-million International Technology, Security, and Innovation Fund for a five-year period.

Converge outperforms rivals with new 284,000 fiber users in 2023

onverge ICT trumped its broadband rivals Globe and PLDT as it registered net additional residential subscribers of 284,000 for its fiber plans last year, the biggest fiber net adds in the industry during the period.

PH taps Czech firms to invest in PH electronics, BPO sectors

The Philippine delegation also met representatives from Czech tech giant ERA to explore the company's interest in expanding its presence in the Philippines.
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DATA PRIVACY

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Technology giant IBM warned that the widespread adoption of generative artificial intelligence (GenAI) may be limited by distrust and the developing complexity of the regulatory landscape.

IT NEWS

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E-SECURITY

Hacktivist defaces websites of firms owned by Martin Romualdez

On Sunday, March 24, a hacktivist known as "ph1ns" breached the websites of three companies owned by RYM Business Management Corporation, a business holding firm owned by the family of House speaker Martin Romualdez, who is the first cousin of Pres. Ferdinand Marcos Jr.

Report: China-backed cyber spy group infiltrated PH gov’t in 2023

A potentially damning report from Israel-based cybersecurity firm Cyberint has revealed that Chinese state-sponsored advanced persistent threat (APT) group “Mustang Panda” conducted three cyber espionage campaigns against entities in the South Pacific, including the Philippine government, in August 2023.

PH posted highest financial phishing attacks in SE Asia in 2023: Kaspersky

The Philippines logged the highest number of financial phishing at 163,279 attempts in 2023, followed by Malaysia with 124,105.

Cybercrime agency warns against scams this Holy Week break

The Cybercrime Investigation and Coordinating Center (CICC) has identified several scams that the public should be vigilant about, including fake accommodations, where villas, apartments, or seemingly legitimate hotel rooms that are advertised at “unbelievably low rates” but are non-existent.

E-LEARNING

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Herman T. Gamboa, one of the four founders of computer school STI, died last March 10, 2024.

FEATURES

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STARTUPS | APPS

IdeaSpace stages demo day for Cohort 11 of accelerator program

Showcasing six startups, the event provided a platform for techpreneurs to pitch their ventures and showcase their journey towards reaching their growth targets and milestones to investors, partners, and key ecosystem stakeholders.

Venture firm releases updated 2023 report on PH startup ecosystem

The report from Gobi-Core Philippine Fund noted that while there was a discernible downturn in funding compared to 2022, there was also a surge in startup deals.

Coins.ph’s TradeDesk crosses P8-B trading volume in Jan. 2024

Coins TradeDesk provides foreign exchange (FX) and cryptocurrency services for businesses, financial institutions and high-net-worth individuals.

WB Group’s IFC investing $7M in PH fintech firm Salmon

Fintech Holdings Ltd. -- more popularly known as Salmon -- has secured an up to $7-million (about P391-million) equity investment from the World Bank Group's International Finance Corporation (IFC) to expand its data- and tech-driven consumer financial services in the Philippines.

GAMING

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The IPOPHL noted that the elements of each fair use act must be carefully analyzed to accurately identify circumstances where fair use principles apply. Otherwise, the public should be proactive in obtaining permission and crediting the creators of original works.

FIRST ON NEWSBYTES.PH

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NETWORKED CAR

Vietnamese ride-hailing firm eyes PH, will use VinFast electric cars

Vietnamese ride-hailing firm Green and Smart Mobility Joint Stock Company (GSM) aims to provide eco-friendly taxi services utilizing VinFast electric cars exclusively in 2024.

Ford PH marks first year of Territory with heritage road trip

Ford Philippines celebrated the first launch anniversary of the next-generation Ford Territory with an experiential drive around Metro Manila’s heritage sites and cultural destinations.

All-new GAC M6 Pro 7-seater MPV debuts in PH

Astara-led GAC Motor Philippines recently hosted the public launch of the All-New GAC M6 Pro, a seven-seater multi-purpose vehicle (MPV) well-suited for the Filipino family.

PH gov’t to deploy UN-backed Electric Mobility project

The e-Mobility ASAP Project, which will last until June 2027, will focus on deploying e-mobility infrastructure, mostly targeting locations with large transport flows.

RESEARCH REPORTS

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Gaming brand RedMagic has launched its latest flagship device, the RedMagic 9 Pro, "The Chill That Never Quits", which is equipped with the Snapdragon 8 Gen 3 processor with a flat back with no camera bump and an upgraded ICE 13 cooling system.

GADGETS

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LIFESTYLE

Pinoy tech firm taps Indian partner to bring AI into PH healthcare

Advanced Abilities, a Filipino technology company and solutions aggregator, introduced on Wednesday, March 13, its Smart Health Solutions consisting of AI-enabled devices that...

Study: For every P1 spent on Grab, P3.42 is injected into PH economy

With a total output multiplier of 3.42, Grab ranks third among seven transport sectors next to railway and air transport.

Klook PH reports massive growth, says bookings tripled in 2023

Domestic tourism is more popular among Filipinos with 92% of the survey respondents already having plans to travel domestically in 2024.

Grab PH rolls out program for women to become driver-partners

Based on surveys and discussions done with Grab’s existing women driver-partners, it is found that women are usually deterred from joining the platform due to a mindset that driving is not suitable for women, that they have sociocultural roles at home they need to fulfill, and a general lack of confidence.

BULLETIN

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SMEs are increasingly storing more valuable customer and financial data, creating a new playing field for cybercriminals to attack them almost as frequently as larger companies.

BLOGS

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