The Philippines is expected to have the fastest growth rate in Southeast Asia, but the Asian Development Bank (ADB) has maintained its economic growth projections for both this year and next. The international lender stated in its December Asian Development Outlook reports that it anticipates the Philippine economy to grow by 5.7 per cent this […]
Philippine National Bank (PSE: PNB) registered a consolidated net income of P13.5 billion for the first nine months of 2023, 19 per cent higher compared to its earnings for the same period last year. The bank’s stronger performance year-on-year was attributed to the growth in its core lending and fee-based operations. IMAGE CREDIT: https://www.flickr.com/ The […]
The Monetary Board has approved the new set of 2023 and 2024 balance of payments (BOP) projections during its December 14 meeting. The new set of BOP projections incorporates the latest available data and developments. IMAGE CREDIT: https://www.thebalancemoney.com/ The emerging external outlook for 2023 and 2024 is primarily influenced by the same set of factors […]
Leading pharmaceutical company MSD in the Philippines and Healthway Medical Network (HMN), the hospital and clinics arm of Ayala Healthcare Holdings, Inc. (AC Health), recently inked an agreement to make cancer products and services more available, accessible, and affordable to Filipino patients in need. AC Health President and CEO Paolo Borromeo (2nd from left) shakes the hand of MSD Asia […]
PLDT, the largest integrated telecommunications company in the country today, has just won recognition for its “Madiskarte Moms PH (MMPH)” program during the 3rd United Nations Global Compact Network Philippines’ Sustainable Development Goals (SDG) Awards. The SDG Awards recognized businesses and initiatives that have made exceptional contributions to sustainable development, with a focus on the […]
Converge ICT Solutions Inc., a broadband provider, plans to construct one of the Philippines’ first generative artificial intelligence (AI)-powered call centers. Converge is working with the nation’s largest software company, Salesforce, to build a contact center that leverages generative AI to address customer issues. The facility — which will be the first of its kind […]
The Bangko Sentral ng Pilipinas (BSP) replaced P4 million worth of the public’s unfit banknotes and coins with fresh bills or digital cash under its “Piso Caravan” held in the Visayas region from January to October this year. Held at the sidelines of the “Paleng-QR Ph Plus” launch in key cities in the province, the “Piso […]
To settle its debt and finance expansion initiatives, Globe Telecom Inc. has recently obtained a P20 billion borrowing facility from BDO Unibank Inc. In a report filed before the Philippine Stock Exchange (PSE), the Ayala-led telco announced that it had inked a P20 billion term credit facility with the country’s biggest bank, which is owned […]
Iloilo City has just launched “Paleng-QR Ph Plus,” a program that promotes digital payments in public markets and local transportation, during a ceremony held last November 23 at the Iloilo Terminal Market. The event was led by City Mayor Jerry P. Treñas, Bangko Sentral ng Pilipinas (BSP) Visayas Regional Office (VRO) Director Anna Clara M. Oville, […]
AMD (NASDAQ: AMD) today announced the availability of the AMD Instinct MI300X accelerators – with industry-leading memory bandwidth for generative AI and leadership performance for large language model (LLM) training and inferencing – as well as the AMD Instinct MI300A accelerated processing unit (APU) – combining the latest AMD CDNA 3 architecture and -p; “Zen 4” CPUs […]
