Philippines Business News

Evolve Royalties Announces Results of Annual and Special Meeting of Shareholders

VANCOUVER, British Columbia, Aug. 13, 2026 (GLOBE NEWSWIRE) -- Evolve Royalties Ltd. ("Evolve” or the "Company”) (CSE: EVR; OTCQX: EVRYF) is pleased to announce that at its annual and special meeting of shareholders held earlier today (the "Meeting”), Evolve’s shareholders elected Joseph de la Plante, Vincent Metcalfe, Elif Lévesque, Mathieu Gignac and Fraser Laschinger as directors of the Company. Following the Meeting, Evolve’s Board of Directors re-appointed Joseph de la Plante as President a

Silicon Motion Technology Corporation Announces Closing of Upsized Offering of $1,150,000,000 of 0.00% Convertible Senior Notes due 2031

Offering includes the exercise in full of the initial purchasers’ option to purchase an additional $150 million principal amount of Notes TAIPEI, Taiwan and MILPITAS, Calif., Aug. 14, 2026 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) ("Silicon Motion” or the "Company”), a global leader in designing and marketing NAND flash controllers for solid-state storage devices ("SSDs”), today announced the closing of $1,150,000,000 aggregate principal amount of its 0.00% Conve

Atlas Energy Corp Reports Second Quarter 2026 Financial Results

CALGARY, Alberta, Aug. 13, 2026 (GLOBE NEWSWIRE) -- Atlas Energy Corp. ("Atlas” or the "Company”) (TSXV: ATLE), a TSXV Sandbox issuer, is pleased to announce its financial and operating results for the three and six months ended June 30, 2026. Selected financial and operational information is outlined below and should be read with Atlas’ consolidated financial statements and management’s discussion and analysis ("MD&A”) as of June 30, 2026, which are available on the Company’s SEDAR+ profile at

Agora, Inc. Reports Second Quarter 2026 Financial Results

SANTA CLARA, Calif., Aug. 13, 2026 (GLOBE NEWSWIRE) -- Agora, Inc. (NASDAQ: API) (the "Company”), a pioneer and leader in conversational AI and real-time engagement technology, today announced its unaudited financial results for the second quarter ended June 30, 2026. "We are pleased to report another quarter of accelerating growth, driven by strength across both our real-time engagement and conversational AI businesses, and our seventh consecutive quarter of GAAP profitability,” said Tony Zhao,

Jackery Debuts Explorer 300D and Gives Attendees Exclusive Show Specials and a Chance to Win an Explorer 1500 Ultra and Antigravity A1 360 Drone System at National 4x4 Outdoors Show Melbourne

Bridging the gap between a standard power bank and a full-size power station, Jackery introduces the direct-DC Explorer 300D alongside its complete Australian ecosystem, plus show specials and a chance to win an Explorer 1500 Ultra and Antigravity A1 360 drone system, purpose-built for every stage of off-grid travel SYDNEY, Aug. 13, 2026 (GLOBE NEWSWIRE) -- Jackery, a global leader in solar generators and innovative portable power solutions, today announced its largest Australian showcase to dat

Jackery and Insta360-Incubated Antigravity Bring Off-Grid Drone Power Solutions to Australia at National 4x4 Outdoors Show Melbourne

Jackery x Antigravity showcases a portable off-grid charging setup designed to help adventurers, road-trippers and content creators keep drone batteries and essential creator gear powered while capturing Australia’s vast landscapes SYDNEY, Aug. 13, 2026 (GLOBE NEWSWIRE) -- Jackery, a global leader in solar generators and innovative portable power solutions, has announced a creator-focused collaboration with Antigravity, the Insta360-incubated drone brand behind the Antigravity A1, at the Nationa

Foods Connected Acquires HarvestMark Quality Insights Platform From iFoodDS

The acquisition demonstrates Foods Connected’s commitment to expanding quality and food safety capabilities in North America and Australia. DERRY/LONDONDERRY, Northern Ireland, Aug. 13, 2026 (GLOBE NEWSWIRE) -- Foods Connected, the global food supply chain software platform for supplier compliance and quality inspection, today announced it has acquired HarvestMark Quality Insights, a food quality inspection and insights solution, from iFoodDS, a leading provider of food traceability solutions. T

Today's Weather, 5 A.M. | Aug. 14, 2026

French Olympic gold medalist Florent Manaudou announces retirement

PARIS — French six-time Olympic medallist Florent Manaudou, who has not competed since 2024, announced on Thursday that he was retiring from swimming at the age of 35. "Two years on from the Paris Olympics, that's it -- I'm announcing my retirement. It will take place on Saturday" during a ceremony at the European swimming championships in Paris, said the London Games 50m freestyle gold medallist. After winning two bronze medals in the 50m freestyle and the 4x100m medley relay at the Paris

Diginex Grows Revenue 77%, Remains Debt-Free as Sustainability RegTech Platform Takes Shape Following Strategic Acquisitions

Accelerated global scaling through three strategic cross-border acquisitions, PlanA.earth GmbH ("Plan A”), Matter DK ApS ("Matter”), and The Remedy Project Limited ("The Remedy Project”), unifying regulatory compliance capabilities to serve corporate and institutional clients worldwide.Appointed Lorenzo Romano as Deputy Chairman, Lubomila Jordanova as Chief Executive Officer and integrated leadership from the Company’s strategic acquisitions, advancing platform unification and global scaling and

Verizon readies for Tropical Storm Lala; Offers tips for Hawai’i residents and businesses

At a glance Strengthened network infrastructure: Verizon has prepared its Hawai’i network with backup generators, satellite assets, and pre-staged equipment designed for reliability during severe weather.Proactive collaboration: Verizon is working directly with the Hawai’i Emergency Management Agency (HIEMA), local power providers, and public safety officials to support critical infrastructure.Customer resources: Verizon offers essential digital preparedness steps to help residents and businesse

BridgeBio Pharma Announces Launch of Secondary Offering of Common Stock on Behalf of an Existing Shareholder

PALO ALTO, Calif., Aug. 13, 2026 (GLOBE NEWSWIRE) -- BridgeBio Pharma, Inc. (Nasdaq: BBIO) ("BridgeBio”), a commercial-stage, multi-product biopharmaceutical company focused on developing medicines for genetic conditions, announced today the launch of a secondary public offering of 5,000,000 shares of its common stock by the selling stockholder KKR Genetic Disorder L.P. The Company is not selling any shares and will not receive any of the proceeds of the offering. William Blair, Goldman Sachs &

Q2 foreign investment pledges surge

FOREIGN INVESTMENT pledges in the Philippines in the second quarter rose to the highest level in nearly two years, despite muted economic growth and geopolitical uncertainties.

BSP policy rate seen at 5.25% by yearend despite weak growth outlook

THE Philippines’ high exposure to inflation risks could prompt the central bank to tighten its monetary policy further despite its weak growth prospects, Oxford Economics said. In a report dated Aug. 11, the United Kingdom-based think tank said the Bangko Sentral ng Pilipinas (BSP) could still deliver an additional 50 basis points (bps) in […]

Beverage industry urges DoF to review tax hike on sugary drinks

A BEVERAGE INDUSTRY group urged the Philippine government to review its proposed taxes on sugary drinks, warning that new levies could raise prices of everyday goods and offset the benefits of planned income tax relief.

Energy department identifies more potential nuclear power plant sites

THE DEPARTMENT of Energy (DoE) is identifying more potential sites for nuclear power facilities as the government targets 1.4 gigawatts of nuclear capacity by 2038. Energy Undersecretary Giovanni Carlo J. Bacordo said the government is studying seven areas as possible locations for future nuclear power plants. “There are two sites in Bataan, two sites in […]

KKR proposes First Gen delisting

GLOBAL investment firm Kohlberg Kravis Roberts & Co. (KKR) has proposed increasing its stake in Lopez-led First Gen Corp. and launching a tender offer for its remaining public shares, a transaction that could lead to the power producer’s voluntary delisting from the Philippine Stock Exchange (PSE).

Ayala Corp. Q2 profit edges up 1.4%

AYALA CORP. (AC) reported a 1.4% increase in second-quarter attributable net income to P10.91 billion from P10.76 billion a year earlier, as higher costs tempered revenue growth during the period. Total revenue rose 8.6% to P98.31 billion from P90.52 billion, while costs and expenses increased 10.2% to P75.06 billion from P68.09 billion, the company said […]

PLDT Q2 profit down 14%; Pangilinan upbeat on second half

PLDT Inc. saw its second-quarter attributable net income fall 14% to P7.58 billion from P8.81 billion a year earlier, as higher depreciation and amortization and other expenses weighed on earnings. Revenue for the three months ended June rose 2.1% to P55.49 billion from P54.35 billion, while total expenses increased 4% to P42.13 billion from P40.53 […]

Converge expects second-half rebound on fiber, enterprise growth

CONVERGE ICT Solutions, Inc. expects growth to rebound in the second half as it continues to add customers to its fiber platform and expand its enterprise business. “We are still adding on customers on our fiber platform, and we do expect that growth… But in addition to that, we have kept on investing in our […]

PAL Holdings swings to P6.12-B Q2 loss as flying costs surge

PAL HOLDINGS, Inc., operator of Philippine Airlines (PAL), swung to an attributable net loss of P6.12 billion in the second quarter from a P3.33-billion attributable net income a year earlier, as expenses rose faster than revenue amid a surge in flying operations costs. The company reported second-quarter revenue of P51.38 billion, up 10.8% from P46.39 […]

Rockwell Land Q2 earnings gain 24.7% as residential, leasing revenues rise

ROCKWELL LAND Corp. reported a 24.7% increase in second-quarter (Q2) attributable net income to P1.42 billion from P1.14 billion a year earlier, as revenue from real estate sales and leasing increased. Consolidated revenue rose 37.2% to P7.12 billion from P5.19 billion, the company said in its quarterly financial disclosure to the Philippine Stock Exchange on […]

FDC Q2 profit falls 9.7% as costs outpace revenue

FILINVEST Development Corp. (FDC) reported a 9.7% decline in second-quarter (Q2) attributable net income to P3.42 billion from P3.78 billion a year earlier, as expenses grew faster than revenue. Gross revenue rose 13.7% to P29.78 billion from P26.20 billion, while gross expenses increased 21.5% to P26.10 billion from P21.48 billion, the company said in its […]

FNI Q2 profit surges 71.3% on higher nickel prices, shipments

GLOBAL Ferronickel Holdings, Inc. (FNI) posted a 71.3% increase in second-quarter (Q2) attributable net income to P761.87 million from P444.80 million a year earlier, supported by higher nickel ore prices and stronger overall shipment volumes. Consolidated net income rose 71.9% to P759.71 million from P441.95 million, while revenue increased 52.9% to P3.18 billion from P2.08 […]