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ADB eyes completing pre-feasibility study for repurposed ports by October

Energy & Mining Context.ph Context.ph -
Ten of the country's ports are being repurposed as support assets for offshore wind (OSW) facilities under a plan supported by the Asian Development Bank (ADB).

Gold extends rally to record as Powell hints at rate cut in 2024

Markets Context.ph Context.ph -
Gold prices surged to a record high on Thursday, poised for their seventh consecutive daily rise, led by sluggish U.S. economic data and Federal Reserve Chair Jerome Powell's indications of potential rate cuts in the coming months should inflation alleviate.

Incentivized plastic bottle recycling program launched in Bacolod

Environment Context.ph Context.ph -
Coca-Cola Philippines in partnership with Basic Environmental Systems and Technologies Inc. (BEST) and the Philippine Association of Stores and Carinderia Owners (PASCO), have launched a program encouraging the recycling and proper disposal of plastic bottles in Bacolod City.

Foreign brokers dance around securities regulations offering Filipinos investment instruments sans SEC approval

Banking & Insurance Context.ph Context.ph -
Foreign brokers have subverted domestic securities regulations by offering investment products online without proper Securities and Exchange Commission (SEC), forcing government agencies in recent weeks to block certain websites and mobile phone applications.

Bautista rejects expropriation in acquiring ROW for the MMSP

Transport & Logistics Context.ph Context.ph -
The Department of Transportation (DOTr) under Secretary Jaime J. Bautista on Thursday committed to negotiate with property owners in acquiring right-of-way for the Metro Manila Subway Project (MMSP) as a matter of course.
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Special bus service to fill LRT-2 service gap

Transport & Logistics 0
Transport authorities are rolling out a plan to ease the squeeze from limited LRT-2 operations. Transportation Secretary Giovanni Lopez has ordered the LTFRB and LRTA to study issuing special permits for buses to run the full LRT-2 route—Antipolo to Recto and back—stopping at all stations.

A simple formula may predict when AI chatbots go rogue

Education, Health & Science 0
Artificial intelligence can sound like the smartest person in the room, until it starts giving advice that could do real harm. Now, two physicists at The George Washington University say they may have found a way to predict when that happens, using a surprisingly simple mathematical formula.

OceanaGold boosts Didipio mine safety monitoring

Energy & Mining 0
OceanaGold (Philippines), Inc. has improved how it monitors the tailings storage facility at its Didipio Mine, using new technology to track changes in the structure, especially during the rainy season when heavy rainfall can increase risks.

SEC raises capital requirements for stock brokers to boost market stability 

Corporate 0
The Securities and Exchange Commission is moving to increase the minimum capital requirement for stock brokers and dealers, aiming to strengthen financial safeguards and align the local market with international standards.
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