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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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Jobless rate jumps in January as labor participation slips

More Filipinos joined the ranks of the unemployed in January, with fresh labor data pointing to a softer job market after the Christmas season surge despite pockets of hiring across several industries.

Globe, GCash bring free Wi-Fi and cashless payments to Lucena Public Market

Globe Telecom and GCash have launched a pilot program providing free public Wi-Fi at Lucena Public Market to support cashless transactions among vendors and shoppers.

US expands forced-labor probe worldwide, Philippines included

Washington has launched a sweeping trade investigation that now places the Philippines and 59 other economies under scrutiny over their enforcement of bans on goods made with forced labor.

IFC backs OnePuhunan to expand loans for rural women-led businesses

The International Finance Corporation (IFC) and CreditAccess Philippines Financing Company Inc. (OnePuhunan) have formed a partnership aimed at expanding access to finance for micro and small businesses in rural areas of the Philippines, with a focus on women-led enterprises.

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