IBM soar on quantum computing breakthroughs
Shares of International Business Machines (IBM) surged to a record high Wednesday after the tech giant unveiled major quantum computing breakthroughs at its Quantum Developer Conference, signaling a leap toward commercial quantum advantage by 2026 and fault-tolerant quantum systems by 2029.
Repower Energy reports 33% revenue growth, doubles net income in nine months
Local renewable energy developer Repower Energy Development Corp. (REDC) reported a strong financial performance for the first nine months of the year, posting a 33 percent increase in revenues to ₱526.7 million from ₱396.6 million in the same period last year.
Marcos names Charlito Mendoza as new BIR chief
President Ferdinand R. Marcos Jr. has appointed Finance Undersecretary Charlito Martin Mendoza as the new commissioner of the Bureau of Internal Revenue (BIR), replacing Romeo Lumagui Jr., who led the agency for three years.
DMCI Power plans to double coal plant capacity in Palawan
DMCI Power Corp. is planning to expand its coal-biomass power plant in Narra, Palawan, doubling its current 15-megawatt (MW) capacity by adding 15 MW.
FMR construction costs seen dropping 20% under DA auspices
Agriculture Secretary Francisco Tiu Laurel Jr. said the Department of Agriculture (DA) expects to cut construction costs by up to 20 percent when it assumes responsibility for building farm-to-market roads (FMRs) from the Department of Public Works and Highways (DPWH) starting next year.
