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Initial 6.2-km LRT-1 extension line only months away from completion

The Light Rail Manila Corp. (LRMC) on Wednesday said the LRT-1 Cavite Extension Phase 1 is 97 percent complete, boosting optimism of a fourth-quarter opening this year as scheduled.

Atlas Mining net profit drops 65% on lower copper prices in 2023

Atlas Consolidated Mining and Development Corp. said Wednesday it ended 2023 with a consolidated net income of P1.1 billion, down 65 percent from the previous year due mainly to lower copper prices.

DMCI Holdings earnings drop in 2023 on weaker energy, nickel, construction units

Diversified engineering conglomerate DMCI Holdings Inc. said Wednesday net income last year dropped 20 percent to P24.9 billion, weighed down by lower contributions from its integrated energy, nickel and construction subsidiaries.

Meta’s Facebook, Instagram back up after global outage

Meta-owned Facebook and Instagram were back up on Tuesday after a more than two-hour outage that was caused by a technical issue and impacted hundreds of thousands of users globally.

Cebu Pacific welcomes first of 12 Airbus A320neo aircraft fueled by SAF

Cebu Pacific (CEB) on Tuesday boosted its flight operations with the receipt of a second brand-new A330 neo aircraft to its fleet.

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Special bus service to fill LRT-2 service gap

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

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

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 

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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