Tag: Oracle

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Oracle soars on AI, multi-Cloud boom

Oracle Corp., the internationally-recognized information technology company, delivered strong fiscal first-quarter results and a bullish outlook, driven by accelerating demand for its multi-cloud infrastructure amid a global artificial intelligence (AI) boom.

Oracle earnings propel stocks, Ellison to world’s 2nd richest

Strong earnings—and an even stronger outlook—sent Oracle Corp. shares soaring to an all-time high on Thursday, adding an estimated USD26 billion to the net worth of co-founder Larry Ellison, enough to make him the world second wealthiest man, at least on paper.

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Remittances rise to $3.03 billion, giving households a modest lift

Cash remittances rose 1.9 percent to US$3.03 billion in August 2026 from US$2.98 billion a year earlier, showing that money sent home by overseas Filipinos continued to grow, though at a moderate pace. The United States remained the largest recorded source, followed by Singapore and Saudi Arabia.

Tala expands partnerships to reach underserved Filipinos

Tala Philippines is expanding partnerships with financial institutions, payment networks and businesses to widen credit access, as the fintech company looks beyond traditional lending channels to reach borrowers underserved by banks.

Visayas tourism alliance taps Cebu to drive island-hopping

Tourism groups and industry players are positioning Cebu as a gateway to multi-island travel across the Visayas, aiming to extend visitor stays and channel more tourism spending to smaller island economies.

NTC tests flag mobile network failures across Metro Manila

Nearly one in five mobile broadband tests in Metro Manila failed to meet the National Telecommunications Commission’s (NTC) 50 Mbps minimum speed standard, exposing persistent network gaps despite peak download speeds exceeding 400 Mbps.

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