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    DICT assess impact of Microsoft global software outage on local business, economy

    The Department of Information and Communications Technology said Friday it is assessing the impact on local companies and the broader economy of the global software outage caused by an alleged faulty update at Microsoft by its cybersecurity provider.

    Philippines wins Best Ports of Call 2024 at Asia Cruise Awards

    The Philippines clinched the prestigious Best Ports of Call 2024 award at the 10th Asia Cruise Awards in Jeju Island, South Korea, affirming its status as a top cruise tourism destination.

    Rice, sugar prices eased in early July; chicken, galunggong rise—PSA survey

    Prices of rice and sugar ease in early July from their levels in June but cost of chicken and galunggong rose, results of the regular price monitoring of the Philippine Statistics Authority showed.

    Bank lending to agri sector, treated as problematic, forecast significantly improved in joint BSP-DA survey

    Bank lending to the agricultural sector, historically low and problematic, showed promise in latest survey jointly conducted by the Bangko Sentral ng Pilipinas (BSP) and the Agricultural Credit Policy Council (ACPC), which works under the Department of Agriculture (DA).

    Five-month remittances rise 3% to $14.89 billion

    The personal remittances of overseas Filipinos in the first five months this year rose 3.0 percent to USD 14.89 billion from only USD14.46 billion in the year-ago period, the Bangko Sentral ng Pilipinas said on Monday.

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    FIRB grants ₱20.9-B tax subsidy to boost public services

    The Fiscal Incentives Review Board (FIRB), chaired by Finance Secretary Ralph G. Recto, has approved ₱20.9 billion in tax subsidies for government institutions for fiscal years 2024 and 2025. The move aims to enhance public service delivery by allowing agencies to redirect resources from tax obligations to operational efficiency.

    Hotel101 Madrid mamed official F1 partner

    Hotel101 Global, a subsidiary of DoubleDragon Corporation, has secured a 10-year partnership with MATCH Hospitality, naming Hotel101 Madrid as the official hotel accommodation partner for the Formula 1 Spanish Grand Prix in Madrid from 2026 to 2035.

    Satellite tech powers new PH crop insurance system

    The government, in partnership with the International Rice Research Institute (IRRI) and allied organizations, has launched a pilot project for satellite-based crop insurance and agro-advisory services aimed at strengthening climate resilience in the agriculture sector.

    EastWest champions legacy planning for family enterprises

    EastWest Bank has convened a high-level forum focused on family enterprise strategy and succession planning. The event gathered clients from EastWest’s priority, retail, and corporate banking segments, offering a structured platform to address leadership transitions and intergenerational governance.

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