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China, Indonesia face deeper output cuts to tackle nickel price slide

Markets Context.ph Context.ph -
China and Indonesia are set to reduce nickel output by at least 100,000 metric tons this year as producers seek to limit losses following a slump in the price of the metal used in stainless steel manufacture and for EVs, traders and analysts said.

Cisco launches Motific to enable groups to navigate Generative AI

Communications & Technology Context.ph Context.ph -
NASDAQ-listed Cisco on Monday announced the deployment of Motific, Cisco’s first software-as-a-service, or SaaS, product that allows for trustworthy and compliant generative artificial intelligence, or GenAI, in organizations. 

IMF urges BOJ to end bond yield control, huge asset buying

Banking & Insurance Reuters Reuters -
The Bank of Japan should consider ending its yield curve control and massive asset purchases now, then gradually raise short-term interest rates, the IMF said on Friday, as markets ramp up bets on a near-term turn in the central bank's ultra-easy policy.

Thin supply propels rates in India to fresh record high

Agriculture Context.ph Context.ph -
Prices of parboiled rice exported from top hub India extended their rally this week, rising for a fourth consecutive week to a record high as supplies remained limited.

DICT secures two-year cybersecurity enhancement pact with JICA

Transport & Logistics Context.ph Context.ph -
The Department of Information and Communications Technology (DICT) has signed a two-year agreement with the Japan International Cooperation Agency (JICA) to improve cyber security in the Philippines. 
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Nine power gencos vie to supply Meralco 600 MW

Energy & Mining 0
At least nine power generation firms have signalled their interest in joining the competitive selection process to supply 600 megawatts of baseload power to the Manila Electric Company.

DOE sets December date for offshore wind auction; fuel supply levels updated

Energy & Mining 0
The Department of Energy announced Tuesday that the suspension of the fifth Green Energy Auction Program will end in September, with the actual bidding for up to 3,300 megawatts of offshore wind capacity targeted for December 1, 2026.

DOE: Inter-agency talks key to system loss charge removal 

Energy & Mining 0
The Department of Energy (DOE) says it will hold a series of meetings with other government bodies to carry out President Marcos’ order to scrap systems loss charges and their corresponding value added tax, a move meant to bring down electricity costs for all consumers.

GSIS eyes zero-interest HMO financing for gov’t workers, launches G-HEALTH program 

Banking & Insurance 0
The Government Service Insurance System (GSIS) has formally launched its G-HEALTH initiative, signing its first agreement with Maxicare Healthcare Corporation to support President Ferdinand R. Marcos Jr.’s goal of improving healthcare benefits for state employees.

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