Latest news with #PhilippineGovernment
Bloomberg
2 hours ago
- Business
- Bloomberg
Philippines Plans to Borrow $47 Billion in 2026, Government Says
The Philippine government plans to borrow 2.68 trillion pesos ($47 billion) in 2026, slightly higher than this year's target, according to the Department of Budget and Management. That compares with an estimated gross borrowing of 2.6 trillion pesos for this year.
South China Morning Post
2 days ago
- South China Morning Post
Chinese ships collide during clash with Philippine vessel at contested Scarborough Shoal
China's coastguard said Monday that it took necessary measures to expel Philippine vessels from a contested feature in the South China Sea , while Manila claimed two Chinese vessels collided during the operation, leaving one vessel heavily damaged. Gan Yu, a Chinese coastguard spokesperson, said in a statement that the Chinese coastguard forced several Philippine coastguard and government vessels away after they 'ignored repeated warnings from the Chinese side and insistently intruded into the waterway' near Scarborough Shoal. Play The Chinese side said it had taken 'necessary' measures including tracking, monitoring, intercepting and blocking, describing them as 'professional, standardised, legitimate and legal'. 'Huangyan Island is an inherent part of China's territory,' Gan said, referring to the Chinese name for the shoal, adding that the coastguard would continue law enforcement activities 'to safeguard national territorial sovereignty and maritime rights and interests'. A Chinese coastguard vessel is pictured on Monday in the South China Sea after an apparent collision with another Chinese ship. Photo: Philippine Coast Guard In videos posted by the Philippine Coast Guard on Monday morning, a Chinese vessel was seen deploying a water cannon against smaller Philippine ships. The video showed a Chinese coastguard vessel with the hull number 3104 colliding with a larger vessel numbered 164, followed by a loud bang.
Business Upturn
2 days ago
- Business
- Business Upturn
Philippine Government and Sutherland Launch AI Academy to Equip Filipinos with Future-Ready Skills
Business Wire India Sutherland, a global leader in business and digital transformation, has partnered with the Philippine Government to launch a dedicated AI Academy. This strategic initiative supports the Philippine government's broader efforts to empower the Filipino workforce for an AI-driven future. The AI Academy will offer practical, industry-aligned training designed to equip Filipino professionals with skills to integrate artificial intelligence into their work. It aims to strengthen the country's talent pool by developing capabilities that are increasingly in demand across sectors, whether as AI specialists, prompt engineers, or cybersecurity professionals. The program will prepare participants to harness AI in driving productivity, advancing innovation, and pursuing high-value opportunities across industries. 'This initiative is a vital step toward our goal of building a digitally resilient and inclusive workforce, said President Ferdinand R. Marcos Jr. 'By expanding access to training in future-ready skills, we are empowering our countrymen to take part in – and benefit from – an economy increasingly shaped by AI.' Dilip Vellodi, Chairman & CEO, Sutherland, said, 'This initiative represents a powerful partnership rooted in a shared goal: getting the Philippines' workforce ready for the future of work. Sutherland and the Government of the Philippines are working together to build a lasting ecosystem for digital skills and innovation—one that will support industries, uplift communities, and boost the economy.' Department of Information and Communications Technology (DICT) Secretary Henry Rhoel Aguda likewise underscored the importance of the partnership, emphasizing its role in advancing the country's digital transformation agenda and ensuring that Filipinos are well-positioned to lead in an increasingly AI-driven global economy. 'AI and automation are going to transform jobs in every industry over the next decade. That's why our partnership with Sutherland is all about giving Filipinos the skills, knowledge, and confidence to stay competitive. Together, we're building a stronger foundation for a future where AI fluency isn't just an advantage—it's a necessity for 85% of jobs,' Secretary Aguda said. A National Blueprint for AI-Driven Growth Sutherland will offer hands-on training for critical sectors like fintech, healthcare, and emerging digital industries, leveraging Sutherland's deep expertise in AI, analytics, automation, and cloud technologies. The AI Academy is supported by the Philippine Government, local educational institutions, and provincial governments such as Camsur and Tarlac. Its mission is to make AI skills accessible to all, encourage strong public-private collaboration, and drive long-term economic growth by building a future-ready workforce. This partnership is envisioned to strengthen the Philippines' position as a leader in AI-driven workforce development, while reinforcing Sutherland's commitment to delivering Digital Outcomes that transform industries, strengthen economies, and improve lives. About Sutherland Artificial Intelligence. Automation. Cloud Engineering. Advanced Analytics. For Enterprises, these are key factors of success. For us, they're our core expertise. We work with global iconic brands. We bring them a unique value proposition through market-leading technologies and business process excellence. At the heart of it all is Digital Engineering – the foundation that powers rapid innovation and scalable business transformation. We've created over 200 unique inventions under several patents across AI and other emerging technologies. Leveraging our advanced products and platforms, we drive digital transformation at scale, optimize critical business operations, reinvent experiences, and pioneer new solutions, all provided through a seamless 'as-a-service' model. For each company, we provide new keys for their businesses, the people they work with, and the customers they serve. With proven strategies and agile execution, we don't just enable change – we engineer digital outcomes. Sutherland digital outcomes. View source version on Disclaimer: The above press release comes to you under an arrangement with Business Wire India. Business Upturn take no editorial responsibility for the same. Ahmedabad Plane Crash
Yahoo
2 days ago
- Politics
- Yahoo
Philippines' Marcos says China 'misinterpreted' his comments on Taiwan
MANILA (Reuters) -Philippine President Ferdinand Marcos Jr. said on Monday that Beijing has "misinterpreted" his comments saying Manila will be inevitably drawn in to a conflict between China and Taiwan should one erupt. China accused Marcos of "playing with fire" after the Philippine leader said during a visit to India that "there is no way that the Philippines can stay out of it" due to its proximity to the democratically governed island. "We are, I think for propaganda purposes, misinterpreted," Marcos told a press briefing. "I'm a little bit perplexed why it would be characterized as such, as playing with fire," he added. China's embassy in Manila did not immediately respond to a request for comment. Marcos said Filipinos working and living in Taiwan will have to be evacuated if a conflict does arise but maintained that he wishes to avoid confrontation and war. Over a hundred thousand Filipinos live and work in Taiwan, according to Philippine government data. "War over Taiwan will drag the Philippines kicking and screaming into the conflict. That is what I was trying to say," Marcos said. Marcos' comments come at a time of heightened tensions between Manila and Beijing over territorial disputes in the South China Sea. A 2016 ruling of an international arbitral tribunal voided Beijing's sweeping claims in the region, saying they had no basis under international law, a decision China rejects. Solve the daily Crossword
Montreal Gazette
5 days ago
- Business
- Montreal Gazette
Philippine Government and Sutherland Launch AI Academy to Equip Filipinos with Future-Ready Skills
By Philippine Government and Sutherland Launch AI Academy to Equip Filipinos with Future-Ready Skills For further queries: mediarelations@ Know more: Sutherland, a global leader in business and digital transformation, has partnered with the Philippine Government to launch a dedicated AI Academy. This strategic initiative supports the Philippine government's broader efforts to empower the Filipino workforce for an AI-driven future. The AI Academy will offer practical, industry-aligned training designed to equip Filipino professionals with skills to integrate artificial intelligence into their work. It aims to strengthen the country's talent pool by developing capabilities that are increasingly in demand across sectors, whether as AI specialists, prompt engineers, or cybersecurity professionals. The program will prepare participants to harness AI in driving productivity, advancing innovation, and pursuing high-value opportunities across industries. "This initiative is a vital step toward our goal of building a digitally resilient and inclusive workforce, said President Ferdinand R. Marcos Jr. "By expanding access to training in future-ready skills, we are empowering our countrymen to take part in – and benefit from – an economy increasingly shaped by AI." Dilip Vellodi, Chairman & CEO, Sutherland, said, "This initiative represents a powerful partnership rooted in a shared goal: getting the Philippines' workforce ready for the future of work. Sutherland and the Government of the Philippines are working together to build a lasting ecosystem for digital skills and innovation-one that will support industries, uplift communities, and boost the economy." Department of Information and Communications Technology (DICT) Secretary Henry Rhoel Aguda likewise underscored the importance of the partnership, emphasizing its role in advancing the country's digital transformation agenda and ensuring that Filipinos are well-positioned to lead in an increasingly AI-driven global economy. "AI and automation are going to transform jobs in every industry over the next decade. That's why our partnership with Sutherland is all about giving Filipinos the skills, knowledge, and confidence to stay competitive. Together, we're building a stronger foundation for a future where AI fluency isn't just an advantage-it's a necessity for 85% of jobs," Secretary Aguda said. A National Blueprint for AI-Driven Growth Sutherland will offer hands-on training for critical sectors like fintech, healthcare, and emerging digital industries, leveraging Sutherland's deep expertise in AI, analytics, automation, and cloud technologies. The AI Academy is supported by the Philippine Government, local educational institutions, and provincial governments such as Camsur and Tarlac. Its mission is to make AI skills accessible to all, encourage strong public-private collaboration, and drive long-term economic growth by building a future-ready workforce. This partnership is envisioned to strengthen the Philippines' position as a leader in AI-driven workforce development, while reinforcing Sutherland's commitment to delivering Digital Outcomes that transform industries, strengthen economies, and improve lives. About Sutherland Artificial Intelligence. Automation. Cloud Engineering. Advanced Analytics. For Enterprises, these are key factors of success. For us, they're our core expertise. We work with global iconic brands. We bring them a unique value proposition through market-leading technologies and business process excellence. At the heart of it all is Digital Engineering – the foundation that powers rapid innovation and scalable business transformation. We've created over 200 unique inventions under several patents across AI and other emerging technologies. Leveraging our advanced products and platforms, we drive digital transformation at scale, optimize critical business operations, reinvent experiences, and pioneer new solutions, all provided through a seamless "as-a-service" model. For each company, we provide new keys for their businesses, the people they work with, and the customers they serve. With proven strategies and agile execution, we don't just enable change – we engineer digital outcomes. Sutherland digital outcomes. This story was originally published August 8, 2025 at 9:54 AM.
