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PAL acknowledges global headwinds but mostly sanguine of 2024 prospects

The Philippine Airlines (PAL) on Monday bared a sanguine view on growth this year no matter the economic headwinds in global markets and their impact on travel and leisure activities.

Gatchalian rues slowpoke implementation of EVOSS program 

Senator Sherwin Gatchalian on Monday called on the Department of Energy to pursue to the fullest extent the terms of the Energy Virtual One-Stop Shop (EVOSS) program to attract as much renewable energy (RE) investors as may be interested in the Philippines.

NAIA rehab program on track to concession award by September

The Department of Transportation (DOTr) announced on Monday that all four qualified bidders have submitted their complete technical proposal documents, paving the way for the evaluation stage of the effort to upgrade and rehabilitate the facilities of the Ninoy Aquino International Airport (NAIA).

Treasury bill yields rise at auction; P15 billion offer awarded in full

The Bureau of the Treasury allowed treasury bill yields to move higher as it awarded the entire P15 billion it offered at Monday’s auction

DA Chief eyes FTI cold storage to address post-harvest losses, oversupply

Agriculture Secretary Francisco Tiu Laurel, Jr. plans to build more cold storage facilities at the Food Terminal complex in Taguig City as part of measures addressing overproduction and minimizing post-harvest losses of agricultural products, particularly vegetables and other high-value crops.

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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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