THE BOARD of listed gaming technology company DFNN, Inc. has approved an increase in its authorized capital stock to P1 billion. In a stock exchange disclosure on Monday, DFNN said that its board approved on Feb. 2 an increase in its capital stock to P1 billion from P500 million. Following […]
DMCI Homes teams up with Marubeni for Pasig project
The Valeron Tower will soon rise along the C-5 Ortigas Corridor in Metro Manila. — COURTESY OF DMCI HOMES DMCI Homes and Japanese conglomerate Marubeni Corp. have unveiled a new residential condominium development in Pasig City. The Valeron Tower will soon rise along C-5 corner P.E. Antonio Street in Pasig […]
PHL likely achieved end-2023 payments digitalization target
The Bangko Sentral ng Pilipinas (BSP) is confident that the country has achieved its target to digitize 50% of retail transactions by end-2023 and is now ready for the next phase of its 2024-2026 Digital Payments Transformation Roadmap. “I believe we reached our 50% target by the end of 2023,” […]
Will AI mean the death of music, or herald a new era of creativity?
JONATHAN VELASQUEZ — UNSPLASH By Alessandro Parodi,Olivier Sorgho and Matt Stock GDANSK/LONDON — Inside a recording room at Queen Mary University of London, a group of researchers fiddle with novel artificial intelligence (AI) tools to develop what they call the “new virtual worlds” of music. Andrea Martonelli and Max Graf […]
Growth forecasts vs actual growth, and agriculture performance
Among the important reports published in BusinessWorld is the quarterly poll of economists and analysts on their GDP growth forecast, reported few days before the Philippine Statistics Authority (PSA) releases the official GDP data. This is on top of the monthly poll of the same group of economists and analysts […]
PPA awards P263.64-million Tacloban port upgrade contract
ICTSI THE Philippine Ports Authority (PPA) has awarded a P263.64-million contract to upgrade the Port of Tacloban in Leyte to Hi-Tone Construction and Development Corp. In a notice of award dated Jan. 29, Legazpi City-based Hi-Tone Construction was awarded the improvement project contract after submitting the lowest bid among five […]
Uneven path to finish Evergrande’s abandoned housing in Chinese city
REUTERS SHIJIAZHUANG, HEBEI — In the heart of the northern Chinese city of Shijiazhuang, a fence displaying the slogan “Happy Every Day” hides an unfinished apartment complex, a daily reminder of the unresolved costs of the collapse of China’s once-largest developer. Construction on the Central Plaza project that promised buyers […]
BSP to issue more P1,000 polymer bills
BANGKO SENTRAL NG PILIPINAS FB PAGE The Bangko Sentral ng Pilipinas (BSP) is looking to order and issue an additional one billion pieces of P1,000 polymer banknotes as these are more cost-efficient versus producing paper money, an official said. BSP Deputy Governor Mamerto E. Tangonan said the central bank is looking […]
A love that sparks ripples
HEIKE-MINTEL-UNSPLASH As I cradle our firstborn son and as my wife embraces me, we feel his tiny hands warmly grip our fingers. We shower him with all the love we can give; his giggles are enough to make our hearts flutter. As a father and educator, I hope that our […]
Argylle soundtrack mixes disco energy, secret Beatles song
HENRY CAVILL and Dua Lipa in a scene from Argylle. —IMDB.COM LONDON — Grammy-winning film composer Lorne Balfe says he was encouraged to step out of his comfort zone for the new spy movie Argylle, and the result is a disco-inspired score that includes an initially top-secret Beatles track. The […]