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…
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…
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…
NEW CLARK CITY – All roads led to this brand-new economic zone and sports hub for the closing ceremony of the 2019 Southeast Asian (SEA) Games on Wednesday. What a fitting finale – with the Philippines winning the overall championship after tallying 149 golds, 117 silvers, and 120 bronze medals. Athletes from the 11 participating…
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…
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…
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…
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…
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…
Philippines-listed DFNN Inc. has incorporated a new entity to expand its offshore gaming operations, according to a filing from DFNN to the stock exchange on Wednesday. The company in question, Nico Bayan, will have an authorized capital stock of P15 million (US$293,437). Out of the subscription of DFNN, it will own 100 percent of the…