DFNN incorporates acquisition unit

GAMING COMPANY DFNN, Inc. is incorporating a new subsidiary that will function as a holding firm for future acquisitions. In a disclosure to the stock exchange yesterday, the listed firm said its board of directors had approved forming a company with an authorized capital stock of P100 million and a subscription of P25 million. The…

DFNN eyes R&D investments

Listed gaming technology provider DFNN Inc. is allotting hundreds of millions of pesos as research and development (R&D) expenses this year in a bid to support the company’s long-term sustainability. DFNN president and chief executive officer Calvin Lim said the company’s nine-digit R&D budget, the same as last year’s, comes as it seeks to focus…

POGOs not in DFNN’s priority

DESPITE the boom in the Philippine Offshore Gaming Operations (POGO) industry in recent years, listed technology firm DFNN, Inc. is holding off on investments in the sector in the near term. DFNN President and Chief Executive Officer Calvin Lim said last week the company is instead focusing on capacity building for online gaming and finding…

DFNN cited by British publication for its innovative solutions

INFORMATION-TECHNOLOGY firm DFNN Inc. was cited by the UK-based International Finance Publications Ltd. (IFP) when it received the International Finance Technology Awards for the Most Innovative IT Solutions Provider for 2019. IFP’s magazine, International Finance Magazine, covers stories on banking, asset management, hedge funds, wealth management, pension funds, currencies, sovereign wealth funds, real estate and…

DFNN Wins 2019 International Fintech Award

LONDON – Information technology firm DFNN Inc. received the International Finance Technology Award as the Most Innovative IT Solutions Provider for 2019 from UK-based international Finance Publications Ltd. (IFP). The Philippine Stock Exchange (PSE) listed company was bestowed the award by IFP’s premium business magazine, International Finance, which covers stories on banking, asset management, hedge…

Reclaim

  In 1906, architect and urban planner Daniel H. Burnham drew up a plan that would have made Manila and the cities south of it immensely more livable than what they turned out to be. At the core of his plan was the reclamation of Manila Bay and the construction of public parks along the…

Winners Galore

Kudos to the Filipino athletes who achieved podium finishes in the ongoing Southeast Asian (SEA) Games. At the rate they’re winning medals, it is almost certain that Team Philippines will become the overall champion of the 30th SEA Games just like when we last hosted the biennial event in 2005. Credit should also go to members…

Safeguarding the integrity of contracts

The principles of due process and non-impairment of contractual obligations are enshrined in the Philippine Constitution, particularly under the Bill of Rights or Article III Section 10 of the country’s fundamental charter. According to a ruling of the Supreme Court, the purpose of this non-impairment clause is to safeguard the integrity of contracts against unwarranted…

Court upholds DFNN award ruling against PCSO

The Court of Appeals has again affirmed a claim by DFNN for damages from the Philippine Charity Sweepstake Office (PCSO) for unilaterally pulling out of an equipment lease agreement. In a ruling dated Sept. 27, but provided by DFNN on Thursday, the court said PCSO had failed to raise “new and substantial matters” to warrant…