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Digital lender CIMB Philippines targets 1.5 million new depositors

CIMB Bank, a digital-only lender with a commercial banking license, anticipates attracting as much as 1.5 million new depositors before the year is over.

DA temporarily bans poultry products from Japan

The Department of Agriculture (DA)has has imposed a temporary ban on poultry and poultry products from Japan due to an outbreak of avian influenza in that country.

ERC orders resumption of FIT-All collection

The Energy Regulatory Commission (ERC) has ordered the reimposition of the feed-in tariff allowance (FIT-All) starting February this year.

Cebu Landmasters seeks to raise P5 billion via preferred shares follow-on offer

Cebu Landmasters Inc., a listed property developer whose home market is the Visayas and Mindanao, said Thursday it is seeking regulatory approval for a plan to raise as much as P5 billion through the sale of series A preferred shares.

Pagcor set to launch its own internet gaming platform

State-owned Philippine Amusement and Gaming Corp. (PAGCOR) targets to launch its own internet gaming platform in the latter part of the year in a move to be at pace with the fast-growing revenue source.

Just in

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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