Filinvest Development Corp. decided to close down pioneering crowdfunding unit Investree Philippines after its foreign partner failed to provide capital support, forcing the Gotianun family conglomerate to absorb over P100 million in losses in 2023.
Globe Telecom is urgently collaborating with the government to stop the importation of international mobile subscriber identity catchers, which are gaining popularity among fraudsters seeking to evade a telco industry-wide crackdown on text scams.