DEMAND for data protection and recovery products will boom in the Philippines as more businesses expand online, use social media and rely more on technology to grow, according to Malaysia-based Vanilla Applications Sdn Bhd and its Philippine partner INFOStorage Corp.
In the past, when marketers would like to advertise, ad agencies would readily say, “let’s make a TV commercial or a print ad or a radio ad” and that was it.
Many things have changed since San Miguel Corp., led by Ramon S. Ang, acquired a stake in flag carrier Philippine Airlines (PAL). Under new management, PAL—which at 70 years of age enjoys the distinction of being Asia’s first carrier—expects to post a profit for its current fiscal year that ends in March.
Online sales for “Cyber Monday,” the traditional debut for US holiday Web shopping, jumped to $1.465 billion this year, a research firm said Wednesday.
US shoppers spent heavily online on the crucial Black Friday shopping day, for the first time topping a billion dollars in online sales in a single day, analysts and retailers said.
Online US daily deals firm Groupon said Monday it had acquired the restaurant reservation company Savored for undisclosed terms.
Online retailer Lazada.com.ph has cut a significant part of its workforce less than six months after it started operations.
The government should further study the proposed move to tax online sellers considering the possible adverse impact on local e-commerce, which is still in its infancy.
Online retail titan Amazon said its profit in the past quarter plunged 96 percent, with the cost of buying a robotics firm hurting already weak results.
Debit and prepaid cards may surpass credit cards in the Philippines in the coming years due to the country’s demographics and the fact that a large portion of the local population remains “unbanked.”
Southeast Asia will be one of the most vulnerable regions in the world to “cyber-attacks,” with criminals taking advantage of rising incomes and growing online banking activities in countries like the Philippines.
Leading online stockbroker CitisecOnline.com Inc. (COL) grew its second-quarter net profit by 123 percent year on year to P100.3 million, benefiting from a much-improved domestic appetite for equities investing. Due to its robust performance during the second quarter, total profit for the first half surged 66 percent to P182.3 million compared to a year ago. [...]
