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DA chief bares 3-year plan to boost food production, make farming, fishery viable investment option

Agriculture Secretary Francisco Tiu Laurel, Jr. on Tuesday unveiled before Cabinet members his plan to increase agricultural productivity, lower food cost, ensure food security, and make farming and fisheries a more bankable investment alternative.

Former Finance Sec. Diokno seventh man at MB

Former Finance Secretary Benjamin E. Diokno has been appointed as a full-time member of the Monetary Board for a six-year term effective 15 January 2024, after having served as chief of the Department of Finance.   

Migrant Filipino workers’ cash remittance in Nov at $2.7B, up 2.8%

Filipinos working overseas sent back to the Philippines in November USD2.7 billion in cash, up 2.8 percent from the USD2.6 billion remitted in the year-earlier period, data from the Bangko Sentral ng Pilipinas said Tuesday.

Stockbrokers rule out SM unit, Prime Infra IPO this year

Investors can reasonably expect capital-raising activities from five or six companies going public this year but none of them present the kind of excitement seen generated by the planned initial public offering of SM Group’s real estate investment trust (REIT) unit and Enrique Razon’s Prime Infrastructure Inc., stockbroker Abacus Securities Corp. said. 

‘Government has forgotten agrarian reform strictures in leasing large tracts of government land’

The Federation of Free Farmers (FFF) reminded government on Monday to apply the principles of agrarian reform and commit to their just distribution when disposing of government-held or owned lands for development by private sector parties.

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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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