Source: Unsplash President Rodrigo Duterte formally signed into law Republic Act No. 11551 or the Labor Education Act on May 27, 2021. This law incorporates “labor education” in the curricula of all public and private higher education institutions and technical and vocational institutions across the country. This enactment is another step...

Source: Unsplash   The Philippine Supreme Court, through the recommendation of Associate Justice Marvic M.V.F. Leonen, sitting en banc, approved A.M. No. 21-06-08-SC or the ​​Rules on the Use of Body-Worn Cameras in the Execution of Warrants last June 29, 2021.    These rules are in response to “increasing reports of civilian deaths resulting...

(Photo Source: Unsplash)   It has been reported that the Taliban is believed to have seized the U.S. military’s biometric devices known as the Handheld Interagency Identity Detection Equipment (HIIDE). The technology stores iris scans, fingerprints and biographical data, and has been used as a means of tracking terrorists and other insurgents....

[Photo: Unsplash]   The Bangko Sentral ng Pilipinas (BSP) seeks to amend its rules and regulations on bank advertisements in order to prevent any financial institution from posing as a digital bank despite not meeting the requirements.   Under the proposed amendments, “universal and commercial banks which do not meet the criteria, as well...

Hackers breached the  cryptocurrency platform Poly Network and stole cryptocurrency with an aggregate value of $613 million on August 10.    Poly Network’s platform allows users to transfer or exchange cryptocurrency between different blockchains.   The stolen tokens include Ethereum (ETH), Binance Coins (BNB), and USD Coins (USDC). Poly Network found that the hackers...

Last July 30, 2021, the Securities and Exchange Commission of the Philippines, formally launched its PhiliFintech Innovation Office (PIO) whose focus will be on the regulation of the use of fintech, or financial technology, in the country. Among the PIO’s objectives is to regulate the nascent fintech industry in the...

Photo Source: Unsplash   Last July 30, 2021, the Securities and Exchange Commission of the Philippines, formally launched its PhiliFintech Innovation Office (PIO) whose focus will be on the regulation of the use of fintech, or financial technology, in the country. Among the PIO’s objectives is to regulate the nascent fintech industry...