PHILIPPINE STAR/RYAN BALDEMOR By Beatriz Marie D. Cruz, Reporter INFLATION SLOWED, as expected, to a seven-month low in August due to a moderate rise in food and a decline in transport costs, making the case for the Philippine central bank to deliver more interest rate cuts next quarter to boost economic growth. Consumer prices rose […]
By Justine Irish D. Tabile, Reporter INFORMATION TECHNOLOGY and business process management (IT-BPM) companies in the Philippines face a shortage in artificial intelligence (AI)-equipped talent despite the industry’s AI adoption rate of more than 60%, according to an industry group. While six of 10 members of the IT and Business Process Association of the Philippines […]
THE ASIAN Development Bank (ADB) on Thursday said it would boost investments in human development, infrastructure and disaster resilience in the next six years to help the Philippines achieve inclusive growth. Under its Country Partnership Strategy 2024-2029, the multilateral lender committed to leverage partnerships, increase co-financing and help tailor-fit solutions based on the country’s needs. […]
Cloud still hovers over Dear Satan. ONE of two recent films which were slapped with an X rating by the Movie and Television Review and Classification Board (MTRCB) — which prevents a film from being shown in movie theaters — has received a reprieve. Following a second review of the documentary Alipato at Muog, after […]
BW FILE PHOTO By Sheldeen Joy Talavera, Reporter PHILIPPINE energy companies are expected to report mixed financial results for the second half of the year due to lower demand during the rainy season and the introduction of new capacity from energy projects, according to analysts. “For the second half of the year, Philippine energy firms […]
By Revin Mikhael D. Ochave, Reporter MANILA Electric Co. (Meralco) extended a one-year convertible loan worth P6.7 billion to Leviste-led Solar Philippines Power Project Holdings, Inc. (Solar Philippines), the power distributor said on Thursday. Meralco issued this clarification after the Leviste-led company said in its Facebook page on Wednesday that the Pangilinan-led company was buying […]
1 of 7 Talk traces Pinoy pop’s jazz roots FOR the next Jeepney Jazz Talk, the topic will be “May Riffs Na, May Grooves Pa: Calling Up Jazz from Pinoy Pop.” Musician and jazz professor Ronaldo Tomas will discuss the essentials of jazz and how today’s pop hits get a jazz makeover. The free talk […]
Synergy Grid & Development Phils., Inc. announces Annual Meeting of Stockholders on Oct. 17 – BusinessWorld Online Spotlight is BusinessWorld’s sponsored section that allows advertisers to amplify their brand and connect with BusinessWorld’s audience by publishing their stories on the BusinessWorld Web site. For more […]
CONVERGE ICT Solutions, Inc. is further boosting its intra-Asia data capacity after its Southeast Asia Hainan-Hong Kong Express Cable System (SEA-H2X) landed in La Union. “Building up the Converge international cabling capacity has always been a long-term investment and today, we see a major development on that front,” Converge Chief Executive Officer Dennis Anthony H. […]
A few days ago, no less than the Bureau of the Treasury in a press release reported that the total outstanding debt of the National Government (NG) reached P15.69 trillion, rising by some P206.5 billion in one month. The NG incurred loans with a mix of 69% domestic and 31% external. The NG borrows from […]