THE PESO surged to a seven-month high against the dollar on Thursday, returning to the P53 level, as a smaller rate hike and dovish statements from the US Federal Reserve caused the greenback to tumble. The local currency closed at P53.845 versus the greenback on Thursday, appreciating by 63 centavos from Wednesday’s P54.475 finish, data […]
Tag: data
Fujitsu delivers digital transformation with AI demand forecast service for TORIDOLL noodle shops throughout Japan
TOKYO, Feb 2, 2023 – (JCN Newswire via SEAPRWire.com) – Fujitsu and TORIDOLL Holdings Corporation (hereinafter TORIDOLL Holdings) today announced the deployment of Fujitsu’s AI demand forecast service at 823 Marugame Udon noodle shops in Japan(1), operated by TORIDOLL Holdings. The service will enable TORIDOLL Holdings to accurately forecast the customer numbers and sales by […]
Peso rebounds vs dollar as US data support bets of less hawkish FOMC
THE PESO rebounded against the dollar on Wednesday as slower US employment and housing data supported expectations of a less hawkish policy stance by the Federal Reserve. The local currency closed at P54.475 versus the greenback on Wednesday, appreciating by 16.5 centavos from Tuesday’s P54.64 finish, data from the Bankers Association of the Philippines’ website […]
Toyota Tsusho, IIJ, NEC, and NTT Com Sign Contract with Uzbektelecom for Telecommunications Infrastructure Development Project
TOKYO, Jan 27, 2023 – (JCN Newswire via SEAPRWire.com) – Toyota Tsusho Corporation (“Toyota Tsusho”), Internet Initiative Japan Inc. (“IIJ”), NEC Corporation (“NEC”), and NTT Communications Corporation (“NTT Com”) announced today the conclusion of a contract with JSC Uzbektelecom (“Uzbektelecom”), a state-owned telecommunications operator in Uzbekistan, for a telecommunications infrastructure development project (“the Project”) to […]
Plato Hits 10M Visitors, Lays Out Web3 Vision at Quantum Miami
MIAMI, FL, Jan 25, 2023 – (ACN Newswire via SEAPRWire.com) – Plato Technologies Inc. (Plato) announced today that it has passed the 10 millionth visitor mark on its Open Beta. “This represents a significant milestone for the company, and we want to thank everyone involved in this project for their contribution over the course of […]
Peso weakens vs the dollar as UK, euro zone data spark recession fears
THE PESO weakened against the dollar on Wednesday amid weaker manufacturing data in Europe that roused fears of a global recession. The local currency closed at P54.63 versus the greenback on Wednesday, dropping by 19.5 centavos from Tuesday’s P54.435 finish, data from the Bankers Association of the Philippines showed. The peso opened Wednesday’s trading session […]
Peso slips on weak US data
THE PESO slipped against the dollar on Thursday as weaker economic data from the United States fueled recession fears. The local unit closed at P54.63 per dollar on Thursday, inching down by a centavo from Wednesday’s P54.62 finish, data from the Bankers Association of the Philippines’ website showed. The peso opened Thursday’s session at P54.70 […]
Foreign chambers press for Senate action on Open Access in Data Transmission measure
THE members of the Joint Foreign Chambers (JFC) have called on the Senate to act on an open-access bill for data transmission, saying it would improve internet service quality. In a joint statement on Thursday, the JFC said the Senate should begin deliberations on the proposed Open Access in Data Transmission Act when it resumes […]
Peso weakens on China GDP data
THE PESO declined against the dollar on Tuesday as economic growth in China was stronger than expected in the fourth quarter, boosting the greenback and global oil prices. The local currency closed at P54.82 versus the greenback on Tuesday, declining by 24.50 centavos from Monday’s P54.575 finish, data from the Bankers Association of the Philippines […]
GlobalLogic to Open New Digital Engineering Centers in Spain
SAN JOSE, CA, Jan 17, 2023 – (JCN Newswire via SEAPRWire.com) – GlobalLogic Inc., a Hitachi Group company and Digital Engineering leader, today announced plans to open new engineering centers across Spain. The announcement was made by Nitesh Banga, President and CEO of GlobalLogic, during a meeting with the Spanish Prime Minister Pedro Sanchez. The […]
Peso rises to new six-month high vs dollar
THE PESO posted a fresh six-month high against the dollar on Monday as easing US inflation in December 2022 fanned hopes of smaller rate hikes from the US Federal Reserve as early as this month. The local currency closed at P54.575 versus the greenback on Monday, climbing by 31.50 centavos from Friday’s P54.89 finish, data […]
Fujitsu and Sapporo Medical University launch joint project to realize data portability in the healthcare field
TOKYO, Jan 16, 2023 – (JCN Newswire via SEAPRWire.com) – Fujitsu and Sapporo Medical University today announced the launch of a joint project starting in April 2023 to realize data portability (1) for patients’ healthcare data including electronic health records (EHRs) (2) and personal health records (PHRs) (3). Image 1: Overview of the initiative Image […]
Peso may rise vs dollar on US CPI data
THE PESO is expected to continue rising against the dollar this week as investors price in US consumer inflation data that bolstered hopes of smaller rate hikes from the US Federal Reserve. The local unit closed at P54.89 per dollar on Friday, strengthening by 40 centavos from its P55.29 finish on Thursday, Bankers Association of […]
Peso weakens vs dollar ahead of US inflation data
THE PESO weakened against the dollar ahead of the release of December US consumer price index (CPI) data and after the Bangko Sentral ng Pilipinas (BSP) chief said they could cut banks’ reserve requirement ratio (RRR) this year. The local currency closed at P55.29 versus the greenback on Thursday, dropping by 49 centavos from Wednesday’s […]
DIF Capital Partners acquires US-based data center provider Tonaquint
ST. GEORGE, Utah, Jan 11, 2023 – (ACN Newswire via SEAPRWire.com) – DIF Capital Partners is pleased to announce that it has signed an agreement to acquire Tonaquint Data Centers, a leading data center provider in the Mountain West region in the United States, headquartered in St. George, Utah. Tonaquint’s management continues to hold a […]
Peso climbs to over six-month high vs dollar
THE PESO strengthened to an over six-month high against the dollar on Tuesday as weak services activity data and expectations of easing inflation out of the United States fueled hopes of smaller rate hikes from the US Federal Reserve. The local currency closed at P54.87 versus the greenback on Tuesday, climbing by 24 centavos from […]
PHL data center prospects deemed promising due to digitalization push
THE PHILIPPINES is viewed as a promising market for data centers due to its digitalization efforts and surging use of e-commerce, according to firms providing real estate and legal services to potential locators. Monica Gonzales, lead data center officer for real estate consultancy Santos Knight Frank, said in a recent forum organized by the European […]
Peso may move sideways amid data releases
THE PESO may move sideways against the dollar this week, with the market to monitor data at home and in the United States for leads. The local unit closed at P55.64 per dollar on Friday, strengthening by 11 centavos from its P55.75 finish on Thursday, Bankers Association of the Philippines data showed. Week on week, […]
GlobalLogic Acquires Hexacta, an Innovative Digital Engineering Firm in Latin America
SAN JOSE, CA, Jan 6, 2023 – (JCN Newswire via SEAPRWire.com) – GlobalLogic Inc., a Hitachi Group Company and Digital Engineering Leader, today announced the acquisition of Hexacta, a Pan-Latin-America digital and data engineering company. The acquisition is part of GlobalLogic’s continued strategy to expand its offerings, and its roster of exceptional engineering talent to […]
Peso rebounds on Dec. inflation data, Fed minutes
THE PESO rebounded against the dollar on Thursday on slower-than-expected December inflation and following the release of the minutes of the US central bank’s meeting last month. The local currency closed at P55.75 versus the greenback, up by 16 centavos from Wednesday’s finish of P55.91, data from the Bankers Association of the Philippines showed. The […]