THE PESO could trade sideways this week after the less dovish remarks from the US Federal Reserve chair’s speech last Friday. Last Friday, the peso ended at P52.27 against the dollar, down by 1.5 centavos from Thursday’s close of P52.255 versus the greenback ahead of US Federal Reserve Chairman Jerome Powell’s speech in Jackson Hole that day. On a week-on-week basis, the local unit went up 17 centavos from its Aug. 16 close of P52.44…"Peso to trade sideways"
THE Mindanao coffee industry is set to expand production through the Rural Agro-Industrial Partnership for Inclusive Development and Growth (RAPID Growth), a project that aims to boost agriculture-based processing and businesses to be more innovative, productive, and competitive. “This is a market-driven approach. It also focuses on a value-chain approach from production down to the market, so at the end of the day, syempre yung (of course) farmers, yung (the) processors would not produce if…"Mindanao coffee industry gearing up for expanded production"
PHILSTAR A US UNION called for improved workers’ rights and benefits in the Philippine Business Process Outsourcing (BPO) sector, saying that keeping Philippine compensation low affects work conditions of their US counterparts. Officials from the Communication Workers of America (CWA) traveled to the Philippines to discuss measures with Philippine authorities to address BPO workers’ concerns. CWA, which counts among its members about 700,000 workers from various industries across North America , said that working conditions…"US union seeking joint action with PHL’s BPO workers"
There’s a new king of telecom in India: Reliance Jio Infocomm, the wireless carrier created by multibillionaire Mukesh Ambani, which ranked No. 1 on last year’s Change the World list. The network had 331 million subscribers at the end of June, exceeding Vodafone Idea (320 million customers) for the first time. Owned by Ambani’s energy and retailing giant, Reliance Industries Ltd. (RIL), the telecom company could become the foundation of an online and e-commerce platform in India that…"How Reliance Jio Became India’s Wireless Wonder"
PHILSTAR METROPOLITAN Waterworks and Sewerage System (MWSS) expects to complete next month the required assemblies with indigenous communities of Quezon province, ahead of the other requirements for the construction of Kaliwa Dam. In a statement Sunday, the agency said it was about to complete through the National Commission of Indigenous Peoples (NCIP) the community assemblies that form part of the Free Prior and Informed Consent (FPIC) process for six clusters of IP communities in Quezon.…"MWSS expects to complete Quezon consultations next month for Kaliwa Dam"
Shortly after news of a data breach at Capital One came out, I received a call from Timothy Eades, chief executive of vArmour, a startup that helps companies manage security across so-called public and private clouds. He sounded exasperated. “Everyone has been deaf, dumb, and blind moving to the cloud. They think it’s safe, convenient, easy—that they’ve moved to the happy place,” Eades told me. The point he stressed: Even after a company taps into…"Even After Capital One’s Breach, Don’t Doubt the Cloud—Cyber Saturday"
The top 1% is pumping the brakes. Weak auction sales at this year’s Monterey Car Week is just the latest example of how spending at the top of the economic pyramid is shrinking. The total value of cars hammered last week came in at a paltry $245 million, a third less than last year, as many of the highest-priced cars went unsold. From high-end New York real estate, to fine art, to now, classic cars,…"Letter From Pebble Beach: What a Disappointing Classic Car Auction Tells us About the 1%—and the Economy"
Apple has had a relatively quiet summer so far in terms of product news, but in a few short weeks, you can expect plenty of action at Apple’s headquarters. This week, Bloomberg reported that Apple will introduce several new hardware updates this fall, including three new iPhones, at least two new iPads, and a 16-inch MacBook Pro. The news followed reports about Apple’s other planned products for the coming months, including how much its Apple…"Apple’s Quiet Summer Will Soon Give Way to New iPhones, Macs, and More"
You’d be hard-pressed to find a company more committed to using the so-called public cloud than Capital One. America’s seventh-biggest bank by revenue has spent years winding down its data centers—from eight in 2014 to zero planned by the end of 2020—and relying on the on-tap resources of <a href=”https://fortune.com/2019/08/22/amazon-bezos-silicon-valley-pentagon-defense/”>Amazon</a> Web Services for computing and data storage. But now, in the wake of a data breach affecting 106 million North Americans, people are questioning whether Capital…"After the Capital One Breach, Should Big Business Fear the Public Cloud?"
At the China Online Literature+ conference last week, Chinese search engine Sogou announced plans to create artificial intelligence-powered avatars that look and sound like two of the country’s most famous authors—taking the experience of listening to an audiobook to an entirely new level. The first authors to get the A.I. avatar treatment will be Yue Guan and Bu Xin Tian Shang Diao Xian Bing. But if the project is successful, it could be a jumping…"No Humans Needed: Chinese Company Uses AI to Read the News, Books"