A top official of the Development Bank of the Philippines (DBP) announced recently that the state-owned bank was able to generate P4.42-billion net income for the first six months of this year, a 60% increase in profit compared to the P2.76-billion that the bank posted in the same period last year. IMAGE CREDIT: https://www.dbp.ph According […]
Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, today announced its latest contribution to the open-source community by open-sourcing its 7-billion-parameter Large Language Models (LLM), Qwen-7B and Qwen-7B-Chat, through its AI model community ModelScope, and the collaborative AI platform Hugging Face. IMAGE CREDIT: www.wisecube.ai Alibaba Cloud introduced its proprietary LLM, Tongyi Qianwen, earlier this year in […]
Leading global financial services provider XM has recently announced its strategic partnership with Manny Pacquiao, an 8-division world champion and considered one of the greatest boxers of all time. This collaboration marks an exciting milestone as XM embarks on a journey with the legendary boxer to inspire traders in the Philippines and across the world. 8-division […]
10-week program to provide technical guidance to early-stage startups in successfully launching their applications in the AWS cloud Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), today announced the launch of AWS Build, a new global program designed to support entrepreneurs early in their cloud journey to build, refine, and launch their innovative […]
PH becomes the second country after Malaysia to adopt Ztrade, a cross-border trade application Blockchain MY E.G. Services Berhad (MYEG or “The Group”) has recently secured regulatory approval with the Bureau of Customs (BOC) to deploy its blockchain-based customs clearance and processing services for trade flows between the Philippines and China. Photo shows (clockwise) – Enrique Y. […]
by Jan Michael Carpo, Reporter According to a survey entitled “The Next-Generation Cloud Strategy in Asia,” a large majority (85%) of Philippine businesses plan a full-scale cloud migration in two years. More than nine in ten (91%) of them, meanwhile, will increase their investment in the cloud in 2023. The survey, which was commissioned by […]
Mocasa, the Philippines’ first virtual credit wallet, recently announced its partnership with AF Payments Inc. (AFPI), an automated fare collection service provider that offers cashless payment solutions to the Filipino public through its beep™ card — a platform developed by AFPI to unify payment collections on all the three rail transport lines in Metro Manila. […]
The Internet Society, a global, charitable non-profit organization that works to keep the Internet open, globally-connected, and secure, has just released the result of its Pulse Internet Resilience Index (IRI), a first-of-its-kind tool that offers insight into the Internet resilience of 170 countries worldwide. A resilient Internet connection is one that maintains an acceptable level […]
UnionDigital Bank Inc., a division of the Aboitiz-led Union Bank of the Philippines, has recently signed a strategic collaboration agreement with AirAsia as well as BigPay Malaysia Sdn Bhd and airasia Superapp Sdn Bhd, two of Capital A Berhad’s most important subsidiaries. AirAsia is the airline business of Capital A Berhad, while airasia Superapp is […]
Rating and Investment Information, Inc. (R&I), a Japan-based credit rating agency, has affirmed the Philippines’ credit rating of “BBB+” and revised its outlook from “stable” to “positive.” In a report released last August 7, 2023, R&I cited the country’s robust macroeconomic fundamentals, improving fiscal position, sound banking system, comfortable external payments position, and stable […]
