Tag: AI

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Tech skills will make 2026 careers click

The Philippine job market is about to get a digital jolt. 

AI data center spending fears hurts Oracle

Oracle Corp. shares tumbled 11 percent on Thursday after the company reported earnings that intensified investor worries about the rising debt behind the industry’s race to build AI data centers. 

AI boom sends Nvidia shares higher

Nvidia shares ticked up Tuesday after the world’s leading accelerated-computing powerhouse posted record third-quarter revenue of USD57.0 billion, a 22 percent jump from the previous quarter and a 62 percent surge from a year earlier, extending a scorching run fueled by relentless global demand for artificial-intelligence infrastructure.

Seagate shares soar after debt deal

Shares of Seagate Technology climbed 10 percent on Wednesday after the data storage company announced a USD500 million debt exchange agreement, a move seen by investors as easing its near-term financing pressure.

AI powers Amazon profit growth

Amazon.com Inc. posted a surge in third-quarter profit, lifted by accelerating cloud demand and investment gains, even as hefty legal and restructuring costs weighed on operations.

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Foreign currency reserves drop to $97.4B

The Bangko Sentral ng Pilipinas (BSP) reported that the country’s gross international reserves (GIR) stood at $97.4 billion as of end-October 2026. This dip in foreign currency reserves was primarily driven by the central bank’s active foreign exchange interventions, downward adjustments in the value of gold assets amid shifting global prices, and the national government withdrawing funds from its central bank deposits to cover foreign debt service obligations alongside other international funding needs.

Motorcycle sales rebound 8.1% in Q3 to 524,860 units

Motorcycle sales among the country’s four major manufacturers rebounded in the third quarter of 2026, rising 8.1 percent year-on-year to 524,860 units as stronger monthly volumes in August and September reversed the previous quarter’s contraction.

ASEAN growth summit brings business leaders, Angelina Jolie to Manila

The Philippines will bring some of the world’s biggest business names, regional policymakers and Hollywood actress Angelina Jolie to Manila on November 11 for a summit focused on how Southeast Asia can protect economic resilience, accelerate digital transformation and ensure growth reaches smaller businesses and underserved communities.

Japan-Philippines friendship highlighted at 82nd Battle of Surigao Strait commemoration

The enduring friendship and diplomatic ties between Japan and the Philippines took center stage during the 82nd commemoration of the historic Battle of Surigao Strait, jointly organized by the City of Surigao and the Province of Dinagat Islands.

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