Archives: Business

Goodnews! PLDT will upgrade old copper wires to fiber for faster internet for FREE

September 23, 2020 by onlineph | Comments Off on Goodnews! PLDT will upgrade old copper wires to fiber for faster internet for FREE | Filed in Business, Internet

A modernizing PLDT Inc. will redesign all clients actually utilizing its old, normal, copper phone wires to fiber in the following year and a half, boosting web speeds for nothing.

“We will grow our business by helping our customers – and the country – rebuild their lives and livelihoods with powerful connectivity like fiber, 4G and now 5G,” PLDT Chairman, President and CEO Manuel Pangilinan Readmore

Lazada considers banning small sellers

September 4, 2020 by onlineph | Comments Off on Lazada considers banning small sellers | Filed in Business, Government, Internet, Technology

As one of the country’s biggest online shopping platform, Lazada is pondering to forbid small sellers along with food and drug vendors following the Senate Panel’s hearing about the sales of fake goods on the app.

On a statement by Lazada Chief Executive Officer Ray Alimurung, he stated that they will probably consider not to allow small retailers and the pharmaceutical category will be removed. Readmore

Commission on Audit flags ‘overpriced’ PhilHealth IT project

August 5, 2020 by onlineph | Comments Off on Commission on Audit flags ‘overpriced’ PhilHealth IT project | Filed in Business, Government, Health, Internet, Tax, Technology
philhealth-laptop

An officer of the Philippine Health Insurance Corporation has revealed that the head of the state-run agency and its high-ranking officials had an authorization on the approval of purchasing overpriced IT equipment and software.

During the Senate’s investigation yesterday, Philhealth board member Alejandro Cabading said on his testimony that the firms’ President and CEO Ricardo Morales had a hand on endorsing the questionable budget even though the Department of Information and Communications Technology (DICT) did not give consent since most of the items were redundant and the amount they approve reach up to 400%. Readmore

BIR now requires digital businesses and online sellers to pay their taxes

June 11, 2020 by onlineph | Comments Off on BIR now requires digital businesses and online sellers to pay their taxes | Filed in Business, Government, Internet, Public Service, Tax
bir tax online

The Bureau of Internal Revenue (BIR) has instructed the online sellers and other electronic-trading businesses to record their past operations, declare previous activities, and liquidate their corresponding taxes before the end of July to guarantee tax compliance and for taxation purposes.

This is the government’s effort to raise more funds as the Philippines is suffering from an economic downturn since the novel coronavirus occurred. Readmore

DOTr reveals new lane system in EDSA

June 2, 2020 by onlineph | Comments Off on DOTr reveals new lane system in EDSA | Filed in Business, Government, Public Service, Travel
edsa new lanes

Days after the implementation of General Community Quarantine (GCQ) in Metro Manila, the Department of Transportation unveiled its road plans in EDSA.

According to DOTr Secretary Arthur Tugade, they have to balance in providing transit and avoid the spreading of the novel coronavirus. Each seat, queue lines, and alleys are all marked as a preparation this Monday. Readmore

Facebook to Launch ‘Libra’ Cryptocurrency in next year

June 23, 2019 by onlineph | Comments Off on Facebook to Launch ‘Libra’ Cryptocurrency in next year | Filed in Business, Social Network, Technology

Mark Zuckerberg is planning to launch a cryptocurrency in 2020 hoping to change the global economy. Facebook is currently developing Libra currency with the help of various international organizations. This includes credit card companies, venture capital firms, and other tech giants.

Once launched, Libra will be integrated inside of Facebook Messenger and WhatsApp. Eventually, Zuckerberg hopes to make Libra accepted as a form of payment. This will lead the financial services to be built on top of its blockchain network. Readmore

Google bans Huawei effective immediately

May 27, 2019 by onlineph | Comments Off on Google bans Huawei effective immediately | Filed in Business, Featured, Google, Internet, SmartPhones, Technology
Huawei may no longer have access to Android updates and device certifications. This has been apparent after an executive order and the U.S. Commerce Department blacklist has been set in motion.

Huawei, including other companies, is now facing difficulties to pursue business with U.S. entities. Google has to comply with the new trade blacklist which includes Huawei and 68 of its subsidiaries. The said bar was enacted since last week after the Chinese tech giant was place on the Entity List. This bars the company from purchasing equipment from U.S. companies unless it gets approval from the government. However, Commerce Department is unlikely to give the permission as of the moment. Readmore