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69% of PH firms tech up for remote work-study | Inquirer Business

MANILA -Local companies are fortifying their cyber defenses to support remote working, which has become a preference for many employees since the onset of the pandemic that barred mobility, according to an enterprise cloud provider. Trend Micro Philippines country manager Ian Felipe, in an interview with the Inquirer, said that organizations “showed improvement in their cyber preparedness levels” as “robust cybersecurity enables Filipino employees to work from anywhere securely and efficiently.” ...

ECB can aim for soft landing for economy – Villeroy

MARRAKECH, Morocco -The European Central Bank should aim to engineer a “soft landing” for the euro zone’s economy, as long as it is confident that inflation will keep falling towards its 2 percent goal, ECB policymaker Francois Villeroy de Galhau said on Thursday. The French central bank governor repeated his view that the ECB should keep its key interest rate at its current level – the highest in its 25-year history – for as long as necessary. But he also opened the door to taking growth into consideration as a “secondary mandate ...

Who may file an action for quieting of title? | Inquirer Business

“… [I]F you do not drive out the inhabitants of the land, those you allow to remain will become barbs in your eyes and thorns in your sides,” states Numbers 33:55 of the Bible. “They will give you trouble in the land where you will live.” · This may be the case in some properties, which individuals continue to occupy despite not being authorized or tolerated as such. Filing an action for quieting of title against these individuals may remedy this situation, though who can do so has been elaborated upon by the Supreme Court in the rec ...

Japan service activity posts slowest growth this year – PMI

TOKYO – Japan’s services activity expanded at the slowest pace this year in October, a business survey showed on Monday, reinforcing concerns that the key sector propelling economic growth is continuing to soften. The final au Jibun Bank Service purchasing managers’ index (PMI) fell to 51.6 in October from 53.8 in September, beset by weak demand. The index was slightly above the flash reading of 51.1 and remained over the 50.0 threshold separating expansion from contraction, according to the survey compiled by S&P Global Intelligence. ...

Aboitiz InfraCapital to build first data center this year

MANILA, Philippines — Aboitiz InfraCapital Inc. (AIC) is targeting to finally start the construction of a data center soon, fleshing out the partnership inked with United States-based technology firm EdgeConneX (ECX) less than two years ago. Cosette Canilao, AIC president and CEO, told the Inquirer they were hoping to begin building their first data center within the year. The companies are still finalizing the location and the data capacity of the hub, which is designed to cater to critical servers and information technology networks, she sa ...

Converge sets expansion for boom in data centers | Inquirer Business

MANILA -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. These will accompany existing facilities in Clark and Pasig. Each data center will be built with 600 racks, which can be expanded to 1,000. A rack houses servers, net ...

Legacy Stories | Inquirer Business

Better alternative sources of protein; why you dont need so much of it ; Yellow alert risks raised but enough power supply assured for Oct polls ; BIZ BUZZ: From ban to bust?

South Korea think-tank raises inflation forecast on higher energy prices | Inquirer Business

A transmission tower is silhouetted against the setting sun near Kori Nuclear Power Plant in Busan, South Korea, Aug 18, 2022. REUTERS/Kim Hong-Ji

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Microsoft and Amazon to invest billions in French tech

PARIS, France — Microsoft on Sunday announced four billion euros in investment for developing data centres in France, joining fellow US giant Amazon in committing to the country’s tech infrastructure. The announcements came on the eve of the seventh Choose France Summit, the aim of which is to attract foreign investors to the country. Macron will host it at the Chateau of Versailles near Paris. Microsoft’s president Brad Smith told AFP the move to strengthen its artificial intelligence and cloud computing infrastructure was the tech giant ...

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