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Telco redoubles effort targeting online fraud

Globe Telecom on Friday intensified efforts against online fraud and blocked six times more SIMs registered in 2023 compared to the previous year.

Malacañang welcomes new finance chief, investment adviser to ‘dynamic’ economic team

President Ferdinand Marcos Jr. on Friday welcomes two new members to his economic team and administers the oath of office of Batangas Rep. Ralph Recto as new finance secretary and businessman Frederick Go as special assistant to the president for investment and economic affairs.

Xurpas confident XAIL unit can help Philippines catch up in AI revolution

Listed technology firm Xurpas Inc. said Friday its  aritificial intelligence and data science unit Xurpas AI Lab, or XAIL which was launched last year, is ready to help Philippine business catch up with their counterparts in the Asia-Pacific region through AI.

PHINMA in deal to manufacture, sell cement in Northern Mindanao

PHINMA Corp., a diversified investment holding company, said Friday its unit Philcement Corp. has signed a deal that will enable its 60 percent-owned subsidiary to operate the cement plant of Petra Cement Inc.

FMIC projects PSEi 7,500 points higher by year’s end

The equities market this year as measured by the Philippine Stock Exchange index (PSEi) could rise as high as 7,500 points, especially if the country's growth path falls within target range, the First Metro Investment Corp. said on Thursday. 

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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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