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House debates on P5.768-trillion 2024 budget begins Tuesday; eyes approval before break

Speaker Ferdinand Martin G. Romualdez on Sunday said the House is on track to expeditiously approve the budget submitted by President Ferdinand “Bongbong” Romualdez Marcos Jr. before Congress goes on recess later this month.

Global debt trends up anew

The global debt burden retreated for the second year in a row, even though it remains above its already-high pre-pandemic level, according to the latest update of the International Monetary Fund's Global Debt Database. 

OFW remittance rise 2.5% in July as more Filipinos seek jobs abroad

Filipinos living and working overseas, including those working on passenger and cargo ships, sent home $3.32 billion in July, up 2.5 percent from the $3.24 billion they remitted in the same month last year, the Bangko Sentral ng Pilipinas said.

Expanded accounting helped push foreign debt $10.2B higher in June

The country stock of foreign debt stood $10.2 billion higher as at end-June this year to $117.9 billion, driven higher by loans contracted by...

BOC forfeits P42M smuggled rice in Zamboanga City

The Bureau of Customs-Port of Zamboanga (BOC-POZ) forfeited 42,180 sacks of rice worth P42 million following a raid of a warehouse in Brgy. San Jose Gusu, Zamboanga City.

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Cisco and NVIDIA make AI infrastructure practical 

If artificial intelligence has spent the last two years as corporate theater with lavish pilots and cautious applause, then Cisco and NVIDIA are now selling the stage itself.

The Days Ahead

Several things have changed over the past month. The global economy is now poised to face another severe slowdown and rising inflation as a result of the Middle East conflict. While the impact on countries may differ in magnitude, the oil supply shock will squeeze economic activity and raise prices significantly.

Grab expands electric taxi rollout nationwide push

Grab Philippines is accelerating its shift to eco-mobility, expanding the rollout of its GrabTaxi Electric service as electric vehicle (EV) adoption gains momentum across the country.

Shopee expands MSME roadshow to regions

Shopee is expanding its Tatak Pinoy MSME Roadshow across more provinces in the Visayas and Mindanao, scaling up a nationwide push to deliver digital skills training to underserved entrepreneurs.

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