Insurance firm estimates CrowdStrike glitch affected quarter of Fortune 500 firms, losses at USD5.4 billion
The global outage caused by a software update of cybersecurity company CrowdStrike affected a quarter of Fortune 500 companies and likely resulted in losses, excluding Microsoft, of around USD5.4 billion, insurance firm Parametrix had estimated.
Topline expands in Cebu amid robust demand, rosy economic prospects
Encouraged by Cebu City's vibrant economic prospects and its own rapid expansion, Topline Business Development Corp., led by the Lim siblings, is set to enhance its footprint in the downstream oil industry. The company is doubling down on its bet on Cebu’s petroleum retail market, potentially a prelude to an even more aggressive growth strategy in the coming years.
US, Sweden, Japan jointly evaluate feasibility of a Subic-Clark-Manila-Batangas rail line
The Department of Transportation (DOTr) is looking into the feasibility of a Subic-Clark-Manila-Batangas Railway, a key component of the government plan to establish a logistics corridor in Luzon.
Changing of the guards at Robinsons Retail: Lance to step down, Robina to become chairwoman
Robinsons Retail Holdings Inc., the retail arm of the Gokongwei Group, will soon see a changing of the guard as Lance Gokongwei relinquishes his seat as director and chairman of the board at the end of the year.
Philex earning hurt by interest expense, forex losses
Philex Mining Corp., the country’s largest gold producer, said Friday net income in the second quarter dropped 32 percent year-on-year to P214.7 million, weighed down by other charges such as foreign exchange losses and interest expense.
