BPI leads in digital SME banking
The Bank of the Philippine Islands (BPI) has been recognized as the Best Small Business Banking Service at The Asian Banker Philippines Excellence in Retail Finance and Financial Technology Awards 2025.
September inflation accelerates, still below BSP target
Headline inflation in the Philippines quickened to 1.7 percent in September, the fastest pace since March, as rising transport, food, and restaurant costs drove up consumer prices, the Philippine Statistics Authority (PSA) reported on Tuesday.
AMD surges in OpenAI chip deal
Advanced Micro Devices Inc. (AMD) surged Monday, adding around USD64 billion in market value after announcing a landmark artificial intelligence infrastructure partnership with OpenAI, owner of ChatGPT.
Bridge in Alacala, Cagayan collapses
The Piggatan Bridge in Alcala, Cagayan collapsed on Monday, October 6, after three large trucks—two carrying heavy cargo— crossed simultaneously, sending at least seven people to hospitals with various injuries. Authorities are investigating the incident, marking it as the second bridge collapse in Region II this year, following the failure of several sections of the Cabagan-Santa Maria Bridge in February. The incident adds to growing concerns over infrastructure safety as the Department of Public Works and Highways faces criticism for substandard construction, incomplete projects, and alleged “ghost” flood-control initiatives.
Drones deliver high yields in rice, weed control trials
The Philippine Rice Research Institute (PhilRice) has reported promising results in using drones for weed control in wet direct-seeded rice fields.
