Category: economy
Recto: Corruption probe stalls Philippines trek to ‘A’ rating
MANILA, Philippines – The high-profile corruption scandal over state-funded flood control projects has upended the Philippines’ bid for an “A” credit rating this year, Finance Secretary Ralph Recto said, warning that the fallout could hurt economic growth and weigh on the government’s fiscal position. Recto told reporters on Tuesday that, based on recent discussions with
Filinvest to merge hospitality units
MANILA, Philippines – Filinvest Development Corp. (FDC) will merge eight of its hospitality units into a single company to streamline its operations. This, amid expectations that domestic tourism will continue to improve and drive economic growth. The Gotianun-led conglomerate on Tuesday disclosed that its board of directors had approved the move. Filinvest Hospitality Corp. (FHC)
CMIC lifts suspension on Globalinks
MANILA, Philippines – Now with enough capital to continue operating, broker-dealer Globalinks Securities and Stocks Inc. may resume operations. This, after the market regulation arm of the Philippine Stock Exchange lifted Globalinks’ involuntary suspension. In a memorandum on Tuesday, Capital Markets Integrity Corp. (CMIC) said it had received documents from Globalinks. These showed proof of
Tessie Musalia leads drive to bridge digital divide in Rural Schools
The foundation in collaboration with Ushiriki Wema, an economic empowerment programme, aims at advancing technology in schools through the provision of computers and other digital learning materials.
European Commission cancels €45M Horizon Europe call for generative AI projects
Photo credits: BigStock An abruptly cancelled €45 million Horizon Europe call for generative AI projects has already been added to the newest draft Horizon Europe work programme for next year. The postponed call, with the reference Horizon-CL4-2025-03-Digital-Emerging.
The New York Times
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