The Philippines recorded the second-largest increase in 10-year government bond yields among selected Asia-Pacific economies since the war in the Middle East began, raising the government’s borrowing costs at a time when the Marcos Jr. administration is relying heavily on domestic debt to finance...
Fears that artificial intelligence (AI) could lead to massive job losses in the Philippines’ information technology and business process management (IT-BPM) industry may be overstated as the sector continues to grow despite the rapid adoption of the technology, the country’s chief economist...
The Philippines risks falling behind the artificial intelligence (AI) boom as it benefits less from the surge in AI-related electronics exports while its massive business process outsourcing (BPO) industry faces growing exposure to automation, according to think tank Capital Economics. In a report...
NEW CLARK CITY — State-run Bases Conversion and Development Authority (BCDA) has dispelled assumptions that hyperscale data centers, whose energy requirements are enough to power as many as 100,000 households, would be constructed under the proposed Pax Silica artificial intelligence (AI)...
The Private Sector Advisory Council (PSAC) has proposed the creation of a National Artificial Intelligence (AI) Implementation Taskforce to accelerate the country’s adoption of AI, saying stronger coordination is needed to prepare workers, businesses, and government for the technology’s growing...
Artificial intelligence (AI) could help developing economies such as the Philippines accelerate development, raise productivity, and create new opportunities, but the country must move quickly to adapt as one of its largest industries—the business process outsourcing (BPO) sector—faces mounting...
Philippine enterprises are among Asia’s most optimistic about artificial intelligence (AI), with 91 percent holding a positive attitude toward its adoption, according to a survey commissioned by Alibaba Cloud, the cloud computing and AI arm of China ’s Alibaba Group. Results of Alibaba...
The Private Sector Advisory Council’s Digital Infrastructure Sector (PSAC-Digital Infra) has urged President Ferdinand R. Marcos Jr. to accelerate reforms on cybersecurity, artificial intelligence (AI), fiber deployment, and rural connectivity to strengthen the country’s digital infrastructure...
The Philippines is among the few Asian economies where workers have posted relatively strong wage gains during the artificial intelligence (AI)-driven export boom, but those gains are unlikely to be sustained without a broader manufacturing recovery, according to think tank Oxford Economics. In a...
Nearly three in four consumers worldwide trust personal artificial intelligence (AI) agents to make purchases on their behalf, according to a report by global professional services company Accenture. Based on Accenture’s 2026 Consumer Pulse Survey, around 74 percent of consumers would rather let...
The Philippines aims to complete negotiations with the United States (US) on the long-term framework governing the artificial intelligence (AI) industrial hub at New Clark City in Tarlac province under the Pax Silica partnership within two to three months, according to state-run Bases Conversion...
We are addicted to instant. Instant coffee. Instant noodles. Instant messages. Instant loans. Instant delivery. Instant answers. Instant fame. Instant outrage. We want everything now. Watch people waiting for an elevator. The button is already lit, but someone will press it again. And again. As if...
