<?xml encoding=”utf-8″ ?????????> OpenAI has responded to a lawsuit filed by Elon Musk, alleging that he disengaged from the ChatGPT creator after an unsuccessful attempt to seize control of the company. The artificial intelligence firm has released a collection of emails from the billionaire that purportedly demonstrate his support for […]
Gambling rule changes cost Entain £40m in lost earnings
<?xml encoding=”utf-8″ ?????????> Entain, the gambling group known for brands such as Ladbrokes and Sportingbet, has disclosed a £40 million impact on its 2024 earnings due to regulatory challenges in Britain and the Netherlands. Despite reporting robust overall revenue growth of 14% in 2023, including contributions from its American joint […]
Factory output picks up in January
THE Philippine Statistics Authority’s Monthly Integrated Survey of Selected Industries showed factory output, as measured by the volume of production index (VoPI), went up by 1.9% annually in January, faster than the revised 1.6% in December. — PHILIPPINE STAR/KJ ROSALES MANUFACTURING OUTPUT picked up in January to its fastest pace […]
BSP open to issuing more licenses to digital banks
MACROVECTOR/FREEPIK By Beatriz Marie D. Cruz, Reporter THE PHILIPPINE central bank is considering issuing more licenses to digital banks on top of the six operating now after receiving expressions of interest from several entities, its governor said. “Once we understand more, we’re happy to open it up so that we […]
All eyes on lack of storage, logistics costs as food drives Philippine inflation
Rice inflation quickened to 23.7% in February from 22.6% in January, the fastest since the 24.6% recorded in February 2009. — PHILIPPINE STAR/WALTER BOLLOZOS By Kyle Aristophere T. Atienza, Reporter THE MARCOS administration should work with the private sector in cutting logistics costs while building more storage facilities nationwide to […]
Higher power rate looms as Meralco, ACEN jointly seek to recover losses
Consumers may face higher electricity bills in the coming months. — PHILIPPINE STAR/RUSSELL PALMA By Ashley Erika O. Jose, Reporter MANILA ELECTRIC CO. (Meralco) and ACEN Corp. are jointly seeking relief from the energy regulator to recover P700 million in losses incurred by the Ayala-led energy company in relation to […]
Enhancing online experiences with fiber internet’s blazing speed
From simple tasks such as updating spreadsheets to seamless communication with clients and stakeholders, individuals and businesses heavily rely on their internet providers to support their daily operations. In today’s fast-paced business environment, a reliable internet connection is no longer a luxury but a necessity. Hailed by Ookla, the global […]
Google is updating its algorithm, here’s what you need to know
<?xml encoding=”utf-8″ ?????????> Google is currently in the process of rolling out one of its biggest updates in a long time and if you own a website, it’s likely to affect you. Google holds around 90% of the search engine market share, with the majority of online traffic coming from […]
Uncapping the Philippines’ renewable energy potential
Photo from Pixabay Renewable energy is quickly becoming integral to the future of economic development, not only because of concerns about mitigating the effects on climate change, but also as a sustainable and efficient means to meet the ever-increasing energy needs of a developing world. In fact, the International Energy […]
Moody’s: Economic growth, rate cuts to boost Philippine lenders
PHILIPPINE STAR/MIGUEL DE GUZMAN By Beatriz Marie D. Cruz, Reporter SOLID ECONOMIC GROWTH and the potential for interest rate cuts are expected to boost lenders in the Asia-Pacific region this year, Moody’s Investors Service said, as it kept a “stable” outlook for 13 banking systems in the region including the […]