AMD surges in OpenAI chip deal
Advanced Micro Devices Inc. (AMD) surged Monday, adding around USD64 billion in market value after announcing a landmark artificial intelligence infrastructure partnership with OpenAI, owner of ChatGPT.
Bridge in Alacala, Cagayan collapses
The Piggatan Bridge in Alcala, Cagayan collapsed on Monday, October 6, after three large trucks—two carrying heavy cargo— crossed simultaneously, sending at least seven people to hospitals with various injuries. Authorities are investigating the incident, marking it as the second bridge collapse in Region II this year, following the failure of several sections of the Cabagan-Santa Maria Bridge in February. The incident adds to growing concerns over infrastructure safety as the Department of Public Works and Highways faces criticism for substandard construction, incomplete projects, and alleged “ghost” flood-control initiatives.
Drones deliver high yields in rice, weed control trials
The Philippine Rice Research Institute (PhilRice) has reported promising results in using drones for weed control in wet direct-seeded rice fields.
SM Investments wins 17th Platinum Award for Sustainability Leadership
SM Investments Corporation has earned its 17th consecutive Platinum Award at The Asset Corporate Sustainability Leadership Awards, organized by Hong Kong-based The Asset Publishing and Research Ltd. Its banking subsidiary, BDO Unibank Inc., also received a Platinum Award for sustainability performance.
BSP pause could keep yield curve steady — Manulife
Manulife Investment Management (MIM) expects the yield curve in the fixed income market to remain stable should the Bangko Sentral ng Pilipinas (BSP) keep its key interest rate at 5 percent at its rate-setting meeting on Thursday.
