The Philippine Competition Commission (PCC) has published its 2017 Rules of Procedure (Rules), which shall guide the PCC in the handling of complaints, referrals from regulatory agencies, and motu proprio inquiries, as well as in the conduct of its investigations. Under the Rules, the PCC, through the Enforcement Office, shall conduct...
“Fintech”, short for financial technology, has become a major buzzword in recent years, especially in the most developed countries of the world. It is, however, still a relatively murky concept in some areas of the Asia-Pacific, even though it has already brought significant change to the economic landscape in the...
In the most recent Asialaw list, Disini Law Offices was recognized as a top Philippine firm in several key industries. After a rigorous research process, Disini Law Offices was recognized by Asialaw as one of the country’s outstanding firms in the field of technology and communications. The firm was also recognized...
During the second day of the ASEAN Justice Innovation 2023 conference, Supreme Court Associate Justice Jose Midas P. Marquez spoke on the emerging justice needs in the digital era as he emphasized that “people everywhere, not just in the ASEAN, need judiciaries and justice systems that can keep up with...
On August 11, 2023 the Securities and Exchange Commission (SEC) released Memorandum Circular (MC) No. 11, series of 2023 which amends certain provisions of the 2015 Implementing Rules and Regulations of the Securities Regulation Code (“The 2015 SRC Rules”) and SEC MC No. 16, s. 2004. The amendments to the 2015...
The Philippine Economic Zone Authority (PEZA) entered into a Memorandum of Agreement with NetGlobal Solutions Inc. (NGSI) on the PEZA Digital Marketplace, a business-to-business (B2B) e-commerce unified platform for PEZA locators. PEZA and NGSI aim to capacitate PEZA’s registered business enterprises (RBEs), particularly, the exporters, to increase their online presence and...
On July 18, 2023, President Marcos, Jr. approved Republic Act No. 11954 or the Maharlika Investment Fund Act of 2023. The Maharlika Investment Fund (MIF) shall be established by investing national funds, and coordinating and strengthening the investment activities of the country’s top-performing government financial institutions to promote economic growth and...
The Department of Information and Communications Technology (DICT), as the Lead Agency for the Emergency Telecommunications Cluster of the National Disaster Risk Reduction and Management Council, committed to President Ferdinand R. Marcos, Jr.'s directive to deploy satellite internet technology in areas severely affected by Typhoon 'Egay'. President Marcos Jr. made...
Department of Information and Communications Technology (DICT) Secretary Ivan John E. Uy reaffirmed the Philippine government's commitment to ensuring equitable access to emerging technologies at the International Telecommunication Union (ITU) Council 2023 High-Level Segment. He highlighted the DICT's focus on key initiatives for digital inclusion, such as accelerating national connectivity,...
On July 28, 2023, the Department of Information and Communications Technology (DICT) deployed its mobile emergency telecommunications unit, known as the Government Emergency Communications System – Mobile Operations Vehicle for Emergencies (GECS-MOVE), along with seven members of the Government Emergency Telecommunications Team (GETT) to Bangued, Abra to ensure uninterrupted emergency...
The Insurance Commission released guidelines on the electronic Submission of the Enhanced Performance Indicators and Standards for Microinsurance (SEGURO) last July 31, 2023 in Circular Letter No. 2023-20. This is in relation to Circular Letter No. 2016-63 which set the Microinsurance industry benchmarks in assessing and evaluating the operations of...
The Department of Information and Communications Technology (DICT), through Secretary Ivan John E. Uy, signed a Memorandum of Understanding (MOU) with major telecommunications companies to establish a standardized Connectivity Index Rating in the Philippines. The MOU seeks to provide a nationwide benchmark for internet quality. will assess a range of parameters...