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

Top News Context.ph Context.ph -
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

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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

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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

Agriculture Jun Vallecera Jun Vallecera -
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

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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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UP study backs Maharlika fund for chip industry

Trade & Investments 0
A University of the Philippines study is urging the government to consider using the Maharlika Investment Fund (MIF) to finance a dedicated semiconductor development fund that could help the Philippines move into higher-value segments of the global chip industry.

DTI targets CARS arrears settlement before EVIS rollout

Transport & Logistics 0
The Department of Trade and Industry (DTI) is targeting the settlement of outstanding incentives under the Comprehensive Automotive Resurgence Strategy (CARS) program within the year before fully rolling out a new generation of automotive incentives, including the Electric Vehicle Incentive Strategy (EVIS).

CREBA urges housing reforms without hurting supply

Property 0
The Chamber of Real Estate and Builders’ Associations (CREBA) is pushing for housing reforms that protect buyers while keeping homebuilding commercially viable, warning that excessive regulation and tax uncertainty could ultimately squeeze housing supply.

CHERRY strengthens IP protection as electronics business expands

Transport & Logistics 0
CHERRY is tightening the protection of its intellectual property as the homegrown electronics brand expands beyond mobile phones into smart home devices and other consumer technologies sold increasingly through e-commerce.

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