BSP hikes interest rate to 2.25%

THE Monetary Board (MB) decided to raise the interest rate on the Bangko Sentral ng Pilipinas’ (BSP) overnight reverse repurchase facility by 25 basis points (bps) from two percent to 2.25 percent, effective Friday, May 20, 2022.Accordingly, the interest rates on the overnight deposit and lending facilities were raised to 1.75 percent and 2.75 percent, […]

Winerz Announces Platform Launch

Tallinn, Estonia, May 18, 2022 – (NovationWire) – Winerz, a play-to-earn [P2E] gaming platform that enables competitive 1v1 head-to-head games powered by a token economy, has announced the launch of its platform. Released in early 2021, Winerz currently supports FIFA. And it is working to incorporate the novel blockchain ecosystem as it seeks to strengthen its international […]

Converge gets tax incentives

FIBER broadband provider Converge ICT Solutions Inc. told the local bourse Wednesday, May 18, 2022, that it has secured the approval of the Fiscal Incentives Review Board (FIRB) to avail of tax incentives for its multi-phased establishment of connectivity facilities for high-speed broadband services targeting undeveloped and underdeveloped areas nationwide until 2026.The project will see […]

NovationWire: Predictions on XR, VR, AR Applications 2022

Hong Kong, May 17, 2022 – (NovationWire) – Tailor Insight, the Asia based market research institute, has released a report on ‘Predictions on XR, VR, AR Applications 2022’. In 2022, people expect the reskilling process via VR training to become more widespread as content becomes more scalable and accessible for businesses. As such, VR will be increasingly used for high […]

Frasco: Sara will bring solution-oriented leadership to DepEd

OUTGOING Davao City Mayor and presumptive vice president Sara Duterte-Carpio is “more than qualified” to assume the post of Department of Education (DepEd) secretary.This was what Liloan, Cebu Mayor Christina Garcia-Frasco said in response to the comment of Sen. Risa Hontiveros that DepEd should be led by an “education expert.”“Vice President-elect Sara Duterte possesses vast […]

Mandaue set to build P20B Waterfront city

THE soon-to-rise Global City Mandaue will be Mandaue City’s “economy booster” that will attract both local and international investors.It will be the first-ever waterfront city in Cebu that will increase opportunities for labor and tourism, particularly in Mandaue City.This is what Mayor Jonas Cortes said during Global City’s groundbreaking ceremony held at the Radisson Blu […]

NovationWire: Predictions of How Blockchain Will Influence Other Industries in 2022

Hong Kong, May 13, 2022 – (NovationWire) – Tailor Insight, the Asia based market research institute, has released a report on ‘Predictions of How Blockchain Will Influence Other Industries in 2022’. During 2022, spending on blockchain solutions by businesses is forecast to hit $11.7 billion. Here are some of the trends that will be driving this and some […]

Stuff to do (05/13/22)

1 of 3 A night of satire with Jon Santos MASTER satirist, Jon Santos, is vaccinated and ready to flex his acting chops again with Jon Santos: LiveScreaming. Mr. Santos and his plethora of characters are finally coming out of lockdown to perform in from of a live audience at Resorts World Manila’s Newport Performing […]

Banking groups hope incoming administration can address economic risks, industry concerns

BANKING INDUSTRY GROUPS hope the next administration headed by former Senator Ferdinand R. Marcos, Jr. can ensure the financial system will remain stable by addressing key economic concerns, including inflation and the impact of the coronavirus pandemic. “We have a generally peaceful and orderly election that is positive for the economy,” Bankers Association of the […]

Dining In/Out (05/12/22)

1 of 2 FINA Restaurant ITALIAN steakhouse Il Primo 2 restaurants open at Cebu resort casino THE NUSTAR Resort and Casino in Cebu has opened two new restaurants. These are Fina Restaurant which specializes in Filipino cuisine, and the Italian steakhouse Il Primo. With a name derived from the word “Filipiniana,” Fina features some of […]