Tag: JG Summit Holdings Inc.

The Department of Information and Communications Technology (DICT) has signed a deal with Land Bank of the Philippines (LANDBANK) to develop AI-powered digital solutions for micro, small, and medium enterprises (MSMEs). This partnership supports the ASEAN Priority Economic Deliverable on AI-Powered MSME Growth, as the Philippines chairs this year’s ASEAN Summit. The two agencies will build on the DICT’s mobile-first AI Tech Stack, which helps businesses prepare business plans, meet requirements, and find funding, with support in Filipino, English, and other local languages. Officials said the initiative will make AI accessible to more small firms, improve their credit standing, and boost their competitiveness across the country and the region.

The Bureau of the Treasury raised P80 billion after fully awarding Treasury bills and cash management bills at the auction on Monday, with strong investor demand allowing the government to secure fresh funding despite mixed movements in short-term interest rates.

Port users are urging regulators to tighten proposed reforms on cargo handling and container yard operations, arguing that stronger safeguards are needed to ensure lower logistics costs as the government pushes to modernize Philippine ports.

The Bases Conversion and Development Authority (BCDA) and the Subic Bay Metropolitan Authority (SBMA) are positioning the Port of Subic Bay as a strategic logistics hub for the country's growing artificial intelligence and semiconductor ambitions, a move aimed at strengthening the Philippines' role in high-value global supply chains.