Posted inBusiness, Tech News

India seized $725 million of Xiaomi assets over “illegal” remittances

Indian authorities seized $725 million from popular Chinese smartphone maker Xiaomi. The accusation is that Xiaomi’s sent illegal remittances abroad, breaking India’s foreign exchange laws. The financial investigation agency of India, The Enforcement Directorate, stated in a tweet that the agency had seized $725 million from the local unit of Xiaomi. This was after the […]

Posted inBusiness, Tech News

Maya launches digital banking service

After going beyond its e-wallet and payments services, PayMaya has officially rebranded itself to “Maya.” Its expansion includes the integration of digital banking and crypto trading. PayMaya CEO and founder Orlando Vea stated that the company aims to unleash the power of financial technology (Fintech), believing that this will benefit many Filipinos. In addition, Maya […]

Posted inGovernment, Tech News

Php52 billion Philippine Space Agency office to rise in New Clark City

The Philippine Space Agency (PhilSA) has clinched a deal to build its official site at the Clark Special Economic Zone (CSEZ). Per the space agency’s master development plan, their official site called PhilSA National Space Center is a 30-hectare land that consists of two areas: one measuring 2 hectares where the main office building will […]