Shares of Advanced Micro Devices (AMD) and Nvidia climbed on Tuesday after both companies announced plans to resume sales of their artificial intelligence (AI)...
NVIDIA, a global leader in accelerated computing, on Wednesday reported revenue of USD44.1 billion in its first quarter ended April—up 12 percent from the previous quarter and 69 percent year-over-year — as global demand for artificial intelligence infrastructure continued to soar. The company reported a 31 percent jump in first quarter net income to USD19.9 billion.
The local currency the peso briefly sank to a record low this week, reflecting sustained weakness in the local currency as the Bangko Sentral ng Pilipinas (BSP) maintains a growth-focused stance. The peso fell to ₱59.13 per U.S. dollar on Tuesday before rebounding to ₱58.72 on Wednesday—its strongest in three months—after remarks from BSP Governor Eli Remolona tempered market concerns.
The Philippine Competition Commission (PCC) has approved Raslag Corp.’s joint venture with Singapore-based Verdant Philippines Alpha Pte. Ltd. for a renewable energy project in Mindoro.
The Asian Development Bank (ADB) confirmed it is in discussions with the Philippine government for a possible loan to enhance the country’s power transmission network.
Home Credit Philippines has teamed up with Puregold Price Club Inc. to launch the Aling Puring Credit Card, its first branded credit card designed for small business owners.