Philippines Business News

SEMIFIVE Accelerates Growth with 97% YoY Revenue Surge in H1 2026, Powered by ASIC Turnkey, Mass Production, and IP

H1 bookings reach KRW 118.9 billion with revenue at KRW 94.7 billion, achieving 78% of full-year 2025 revenue in just six months Expanding ASIC turnkey bookings, accelerating mass production, and recurring IP revenue drive SEMIFIVE's scalable growthSEOUL, South Korea, Aug. 14, 2026 /PRNewswire/ -- SEMIFIVE, a leading global provider of custom AI semiconductor (ASIC) solutions, announced bookings of KRW 118.9 billion and consolidated revenue of KRW 94.7 billion for the first half of 2026. In just

Consumer groups wary of vape tax loophole

Consumer groups have urged Congress to scrap what they described as a “glaring loophole” in the country’s vape excise tax system.

Philip Morris Philippines earns ‘Great Place To Work’ certification

Philip Morris Philippines has earned its first Great Place To Work certification, recognizing its efforts to build a workplace focused on trust, inclusivity, teamwork and employee growth.

Remolona: Weak growth may temper tightening

By Katherine K. Chan The Philippines’ weak economic growth gives the Bangko Sentral ng Pilipinas (BSP) room to take a less aggressive approach to monetary tightening, but Governor Eli M. Remolona, Jr. said the central bank still needs clearer evidence that inflation is moving sustainably lower before it could relax. “Weaker growth that we’re seeing […]

DBM eyes further cuts to unprogrammed funds

By Justine Irish DP. Tabile, Senior Reporter The Department of Budget and Management plans to further reduce unprogrammed appropriations in future national budgets as it seeks to tighten spending discipline, although eliminating the allocation will depend on the government’s fiscal space and project pipeline. Acting Budget Secretary Kim Robert C. de Leon said the government […]

CREATE MORE draws P932B in investments

The Philippines approved 895 projects with P932 billion in committed investments under the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy, or CREATE MORE Act, from November 2024 to June 2026. “These figures are proof that our reforms are attracting investments, creating opportunities, and delivering tangible results for the […]

Fed likely to hold rates in September after fresh inflation data, Citi says

AI boom is starting to show in UK economy’s performance

MANCHESTER, England — Britain’s economy is showing the clearest signs yet that it is benefitting from the global artificial intelligence boom, with data on Thursday showing rapid growth in related industries and a surge in computer hardware investment. While the Office for National Statistics said Britain’s economy grew by 0.4% in the second quarter, the […]

Pasig court extends suspension of P85 Metro Manila wage hike

The Pasig local court further suspends the wage hike in Metro Manila.

Meralco’s MVP: Nuclear may bring energy security, but it won’t come cheap

In the energy tycoon’s own words, nuclear isn’t quite the 'slam dunk' its proponents make it out to be

Eurozone economy estimated to have grown by 0.4% in second quarter - Eurostat

Double bottom line: Edgar Saavedra’s blueprint for Megawide’s sustainable growth

For the general public, Megawide builds essential transit hubs, clean communal facilities, and affordable housing. For institutional investors, it offers a diversified, highly transparent, and well-capitalized company optimized for long-term growth.

Lopez Holdings Corp.: Notice of Annual Stockholders' Meeting on September 14

The annual stockholders’ meeting of Lopez Holdings Corporation (the “Corporation”) has been postponed to September 14.

Ship attempting to exit Strait of Hormuz struck by drone, UKMTO says

Applied Materials reports; SMIC rallies - what’s moving markets

Moka AI Reports 75% Reduction in Per-Store Time-to-Hire with Moka Eva Across 20,000-Location Network

One evaluation standard, applied the same way across more than 20,000 locations. SINGAPORE, Aug. 14, 2026 /PRNewswire/ -- Moka AI (formerly MokaHR), an AI-powered applicant tracking system (ATS) and recruiting platform, has released deployment results for Moka Eva, its AI recruiting agent. At a leading international coffee and tea chain with more than 20,000 locations, Moka Eva cut per-store time-to-hire from 15.4 to 3.8 days. The results come as HR leaders are increasingly looking for hard numb

Zoomcar Announces Voting Results from 2026 Annual Meeting of Stockholders

Bengaluru, India, Aug. 13, 2026 (GLOBE NEWSWIRE) -- Zoomcar Holdings, Inc. (OTCQB: ZCAR) (the "Company”), the leading peer-to-peer self-drive car-sharing marketplace in India, today announced the voting results from its 2026 Annual Meeting of Stockholders (the "Annual Meeting”), held virtually on August 11, 2026. As of the record date of June 26, 2026, 8,488,485 shares of the Company's common stock, par value $0.0001 per share ("Common Stock”), and 1,630 shares of the Company's Series A Converti

Former Better.com CEO Vishal Garg Retains Alex Spiro, Secures Majority Shareholder Support to Take Back Company He Founded

Garg proposes $1 salary until profitabilityInvesting $5M personally as part of 10b5-1 plan$30M stock buyback and independent search for long-term CEO as part of plan to restore shareholder value NEW YORK, Aug. 13, 2026 (GLOBE NEWSWIRE) -- Vishal Garg, founder and former Chief Executive Officer of Better Home & Finance Holding Company, today announced that he has secured support from shareholders representing a majority of the Company’s voting power for a plan to reconstitute Better’s Board of Di

Building a ‘Silicon Valley in Tarlac’? Manny Pangilinan wants in.

Power, connectivity, data centers – MVP has all three, and now he’s looking into how his group can pitch in on Tarlac’s emerging tech hub

Elliott Management Statement on Northern Star Resources Ltd

WEST PALM BEACH, Fla., Aug. 14, 2026 /PRNewswire/ -- Elliott Investment Management L.P. ("Elliott"), which manages funds that together hold an investment of approximately 5.6% in Northern Star Resources Ltd ("Northern Star" or the "Company"), today issued the following statement in response to the Company's announcements on August 13: Northern Star's August 13 letter asks investors to trust the very directors who presided over years of profound underperformance to oversee a Board "renewal" proce

James Altucher Says the Next Few Years of AI Could Decide Whose Retirement Savings Keep Up

Tech expert explains the AI shift underway is too big to ignore, and that understanding it now matters more than reacting later Baltimore, MD, Aug. 13, 2026 (GLOBE NEWSWIRE) -- James Altucher has a message for the millions of Americans watching the AI boom from a distance: this isn't happening to someone else. In a new presentation, the former hedge fund manager argues that the changes now reshaping technology are large enough to touch ordinary people's long-term savings, and that understanding

Madison Pacific Properties Inc. announces the results for the six months ended June 30, 2026 and declares dividend

VANCOUVER, British Columbia, Aug. 13, 2026 (GLOBE NEWSWIRE) -- Madison Pacific Properties Inc. (the Company) (TSX: MPC and MPC.C), a Vancouver-based real estate company announces the results of operations for the six months ended June 30, 2026. The results reported are pursuant to International Financial Reporting Standards (IFRS) for public companies. For the six months ended June 30, 2026, the Company is reporting a net income of $16.0 million (six months ended June 30, 2025: $22.4 million); c

Osisko Gold Reports Second Quarter 2026 Results

(All dollar amounts are expressed in Canadian dollars, unless stated otherwise) HIGHLIGHTS Q2 2026 (at June 30, 2026) Financial: ~$837.3 million in cash and cash equivalents; sold 5,547 ounces of gold from small-scale mining activities at the Tintic ProjectFinancing: Completed convertible senior notes offering for US$300.0 million in gross proceedsCariboo Gold Project: Continued pre-construction activities including at the Mine Site Complex, excavation of the Valley Portal, and underground devel

Entrepreneur Universe Bright Group Reports Second Quarter 2026 Financial Results

XI'AN, China, Aug. 14, 2026 /PRNewswire/ -- Entrepreneur Universe Bright Group ("EUBG" or the "Company"), a Nevada corporation, reported its unaudited financial results for the period ended June 30, 2026. Second Quarter 2026 Financial Highlights Revenue: $746,113 for the three months ended June 30, 2026, compared to $1,143,106 during the same period of 2025.Net Loss: $34,495 for the three months ended June 30, 2026, compared to net income of $422,852 during the same period of 2025.Total Comprehe