Business - Newswav

HIGHER food prices along with elevated transport and fuel costs could have driven inflation higher in May, analysts said.The median forecast in a Manila Times poll was 7.8 percent, higher than the 7.2 percent recorded in April and within the Bangko Sentral ng Pilipinas’ (BSP) estimate of 7.1 percent to 7.9 percent for the month.If realized, in

THE local stock market is expected to remain under pressure this week after the benchmark index slipped below the key 5,800 level, with investors closely watching inflation data and developments in the Middle East for fresh direction.The benchmark Philippine Stock Exchange index (PSEi) fell 3.23 percent week-on-week as it closed at 5,768.12 la

ECONOMIC officials have concluded negotiations for the Asean Digital Economy Framework Agreement (DEFA) in a key step toward digital integration across the region.All outstanding negotiation issues were said to have been “successfully resolved” during a May 27 to 29 meeting in Manila by senior Association of Southeast Asian Nations (Asean) off

THE government’s gross borrowings plunged by two-thirds in April as domestic debt issuances were significantly lower compared to a year earlier.Bureau of the Treasury (BTr) data showed a 66.6-percent drop in gross borrowings to P130.19 billion from P390.06 billion.Domestic financing, which accounted for the bulk of government borrowings during

YANGON -- The oil shock from the Middle East crisis is hitting retailers and consumers in Myanmar, posing a challenge for the new government.

NEW YORK — Artificial intelligence is getting expensive — and companies are starting to rethink their embrace of the disruptive technology.Playing by a well-worn Silicon Valley playbook, AI companies charged rock-bottom prices to hook customers after ChatGPT burst onto the scene.Kevin Simback of startup incubator Delphi Labs calls it the era o

DIGIPLUS Interactive Corp. expects to post a stronger second-quarter performance as it moves to relaunch its Brazil operations and prepares for expansion into South Africa.Outgoing President Andy Tsui told stockholders last Friday that the company was seeing stable business conditions amid challenges faced by the industry earlier this year.“We

LISTED property developer Arthaland Corp. expects to generate about P12 billion in sales from Sondris, a luxury residential development in Makati City that is scheduled for groundbreaking this June.Located along Arnaiz Avenue in Legazpi Village, the 41-story residential tower with 252 units is being developed in partnership with Japan’s Mitsui