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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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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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