AI and innovation: The dynamic duo powering today's profitable businesses

View in browser   |   Shop Inquirer August 7, 2023 AI and innovation: The dynamic duo powering today's profitable businesses The business world is rapidly transforming, driven by the winds of technological change. Foremost among these is artificial intelligence (AI), a powerful technology with significant implications for business operations, models, products and services. By Tom Oliver Analysts betting on key BSP rate staying at 6.25% in 2023 The Bangko Sentral ng Pilipinas is expected to keep its hands off the policy rate for the rest of the year, pegging it at the current 6.25 percent until at least the first quarter of next year even with inflation continuing to decelerate. The Philippine Statistics Authority reported last Friday that July inflation fell to a 15-month low of 4.7 percent. By Ronnel W. Domingo Converge to build more data centers as hyperscaler race heats up Converge ICT Solutions Inc. is spending at least $60 million to put up three data centers given the increasing demand for data storage in the advent of accelerated digitalization. Dennis Uy, the CEO and founder of the internet service provider, told reporters in Manila last week their goal of building data hubs in Pampanga, Quezon City and Cebu in the next 18 to 24 months. By Tyrone Jasper C. Piad Like this email? Forward it to your friends and let them know that they can sign up here. BIZ BUZZ Faster settlement for PSE trades​  The Philippine Stock Exchange is gearing for implementation of faster settlement of trades from the usual three days to two days on Aug. 24. This means stock payments and payouts will be settled within two days, aligning the Philippines with other large markets.  By Miguel R. Camus  INQUIRER PLUS-EXCLUSIVE How El Nino threatens emerging market economies Countries around the world are battling heatwaves and floods fueled by El Nino, a naturally occurring climate phenomenon that has a 90% probability of persisting in the second half of 2023, according to the World Meteorological Organization. By Reuters Try Inquirer Plus. Inquirer Plus is the digital version of the Philippine Daily Inquirer. Register for a 30-day trial for free to get access to Inquirer's fearless reporting, app-exclusive stories, and archives. REGISTER NOW Hi Edward. Have feedback? We're happy to hear it. Give Suggestions newsletter@inquirer.com.ph © 2023 PHILIPPINE DAILY INQUIRER, Barangay Tejeros, Makati City, Philippines You are receiving this email because you are subscribed to Inquirer Newsletters. Unsubscribe anytime