The Opinion from SEC Philippines that confirms that Sony Computer Entertainment Hong Kong (SCEHK) would be 'doing business' with the Sony Entertainment Network in the Philippines, and thus SCEHK would require a license.
Note that at the time of this release, 2017, SEN was already shut down. However, the conclusion still applies to the PlayStation Network (PSN), the successor of SEN. Also, Section 133 of The Corporation Code of the Philippines cited in the document can be found in Section 150 of the Revised Corporation Code of the Philippines.