Philippines Business News

Angat Dam on track to return to normal levels by year’s end

THE Metropolitan Waterworks and Sewerage System (MWSS) said Angat Dam is on track to return to normal water levels by the end of this year, adding that it is hoping the refilling of the reservoir will help cushion the impact of El Niño. In a statement on Thursday, MWSS said the dam’s water level has […]

PHL fuel stockpiling plan attracts potential Middle Eastern partners

POTENTIAL PARTNERS from the Middle East have expressed interest in participating in the Philippine plan to build a strategic fuel reserve, the Department of Energy (DoE) said. Energy Secretary Sharon S. Garin said: “When we met with Japan for regional stockpiling, some Middle Eastern countries were there and they were interested in joining the project […]

Gov’t counting on GOCC subsidies to fall 27.6% to P191.8 billion in 2027

BUDGETARY SUPPORT for government-owned and -controlled corporations (GOCC) is expected to decline 27.6% to P191.8 billion in 2027, according to the Department of Budget and Management. According to the 2027 Budget of Expenditures and Sources of Financing (BESF) funding for government corporations and entities is projected to fall by about P73.1 billion from P264.9 billion […]

BIR eases early-withdrawal PERA rules

THE Bureau of Internal Revenue (BIR) said it eased the rules on premature withdrawals from Personal Equity and Retirement Accounts (PERA), limiting the 20% penalty to income attributable to the portion actually withdrawn. In Revenue Memorandum Circular (RMC) No. 91-2026, the BIR clarified that only the gross income earned attributable to PERA assets that are […]

Strong PHL demand for US dairy seen continuing

THE US Dairy Export Council (USDEC) said on Thursday that it expects strong Philippine demand for US dairy products to continue. Speaking on the sidelines of a trade seminar organized by the USDEC in Makati, Dali Ghazalay, USDEC regional director for Southeast Asia, told reporters that the US exported nearly 143,000 metric tons of dairy […]

France provides 200-M euro blue-economy package

THE PHILIPPINES has obtained 200 million euros in financing from the French Development Agency (AFD) for the Marine Ecosystems for Blue Economy Development Program, Subprogram 1, the Department of Finance (DoF) said. In a statement on Thursday, the DoF said the financing will help protect marine ecosystems and resources while expanding opportunities in the blue […]

Graduates’ skills still misaligned with employer needs, economist says

EMPLOYERS continue to encounter mismatches between their requirements and the qualifications and skills of job applicants, an economist said. “There is a persistent skills mismatch where fresh graduates’ qualifications do not align well with what employers are hiring for,” Jose Ramon G. Albert, senior research fellow at the Philippine Institute for Development Studies, said. The […]

BCDA expects Double 11 estate in New Clark City completed by 2027

THE Bases Conversion and Development Authority (BCDA) said Filipino-owned developer Double 11 Properties Corp. expects to complete its mixed-use estate in New Clark City by 2027. Last month, ground was broken on the first phase of construction of D11 Super Station, a two-hectare mixed-use development in the Tarlac economic zone, the BCDA said in a […]

Six potential bidders for NCR could join waste-to-energy auction in October

THE Waste-to-Energy (WTE) Green Energy Auction (GEA) has attracted six potential bidders for Metro Manila, the Department of Energy (DoE)said, providing possible relief from the capital’s solid waste disposal problems. Energy Secretary Sharon S. Garin told reporters: “I think for Metro Manila alone, there are six (potential contractors) that are trying to be part of […]

Luzon Economic Corridor investment forum scheduled for September in Manila

THE PHILIPPINES, US and Japan will stage the inaugural Luzon Economic Corridor (LEC) Investment Forum between Sept. 10 and 11 in Manila, the US Trade and Development Agency (USTDA) said. In a statement on Thursday, the USTDA said the forum is expected to gather 600 international investors, industry leaders, project developers, and government officials to […]

FINEX urges gov’t to improve efficiency of public spending

THE Financial Executives Institute of the Philippines (FINEX) said government officials need to engage in well-targeted public spending to help stimulate the economy, noting that the misuse of public funds could weaken the economic recovery over the long term. “FINEX recognizes the important role of government spending in supporting economic activity, creating jobs, and encouraging […]

The human touch in the AI Age: SuperStaff’s people-first mission to solve the global talent crisis

Forward-thinking business leaders like SuperStaff are using AI as a catalyst to elevate the standard of work. In this new model, the human worker isn't answering the basic query—they are managing, correcting, and governing what AI does not.

Special Dividend Announcement

13 August 2026 HARGREAVE HALE AIM VCT PLC (the "Company”) Special Dividend Announcement The Board of the Company is pleased to announce a special dividend payment of 0.75 pence per Ordinary Share. The distribution will return to shareholders profits arising from the realisation of the Company’s investment into AnimalCare Group plc following its sale to CCP Paw 2 Limited, a wholly-owned subsidiary of funds managed or advised by Charterhouse Capital Partners LLP, earlier in the financial year. The

Bayport Management Ltd Unaudited Financial Statements June 2026

Bayport Management Ltd Unaudited Financial Statements June 2026 Attachments Group Quarterly report_June 2026 Group Quarterly report_June 2026

Bayport Intermediate Holdco PLC Financial Statements June 2026

Bayport Intermediate Holdco PLC Financial Statements June 2026 Attachment Quarterly report IH PLC_June 2026

USS George Washington heads to Middle East after record 265-day Lincoln deployment

Matthew McConaughey on his sweet return to the big screen

LOS ANGELES — Matthew McConaughey had plenty of reasons to select "The Rivals of Amziah King," a honey-themed thriller set in the American Southwest, for his return to the big screen after more than five years away. "The joy, the soul, the humor, the music, the poetry, the mythology, original time, place, and space," the Oscar-winning actor told Agence France-Presse when asked why he had chosen the indie film for his comeback. Written and directed by Andrew Patterson, "The Rivals of Amziah

KAIYI X7 Hybrid: Efficient Power for Every Journey

YIBIN, China, Aug. 13, 2026 (GLOBE NEWSWIRE) -- Launched globally in the first half of 2026, the KAIYI X7 Hybrid answers families' mobility needs. Combining efficient hybrid performance and extended range, it supports daily commuting and long-distance travel through KAIYI Super Hybrid technology. Five Intelligent Modes for Diverse Scenarios The system pairs a dedicated 1.5T hybrid engine with two electric motors. The engine delivers maximum power of 115 kW and maximum torque of 220 N·m; the driv

Nykredit Bank A/S to redeem Additional Tier 1 Capital Notes - Nykredit Bank A/S

To Nasdaq Copenhagen Euronext Dublin 13 August 2026 Nykredit Bank A/S to redeem Additional Tier 1 Capital Notes Nykredit Bank A/S has obtained approval from the Danish Financial Supervisory Authority to redeem its DKK 600,000,000 Perpetual Non-cumulative Fixed to Floating Rate Additional Tier 1 Capital Notes (ISIN DK0030484464) in accordance with the terms of the Prospectus. The notes will be redeemed on the First Call Date on 8 September 2026 at the Outstanding Principal Amounts together with a

Aurora Intents Powers Cross-Chain Funding, Bridging, and Trading for Million-User Crypto Bank COCA

GIBRALTAR, Aug. 13, 2026 (GLOBE NEWSWIRE) -- Aurora Intents, the cross-chain execution solution built by Aurora Labs, today announced a new integration inside COCA, a self-custodial banking app used by more than one million people across 75 countries. COCA brings crypto spending, saving, and rewards into a familiar financial experience, with card and banking infrastructure provided by Wirex. The app's users can now fund their accounts with supported assets they already hold across multiple block

Anthony Hopkins on his debut album: 'My first love is music'

NEW YORK — It may be hard to believe, but even Sir Anthony Hopkins doubts himself sometimes. “There’s a part of me which says, ‘you didn’t write that,’” he recalls of composing his debut album, “Life Is a Dream.” “What’s it called? Impostor syndrome.” Thankfully, it did not stop him from finishing the collection of 12 compositions he crafted over six decades. Conducted by Gustavo Dudamel, performed by the Philharmonia Orches

Chulalongkorn University Revives Rare Piphat Dukdamban Tradition to Preserve Thailand's Musical Heritage

BANGKOK, Aug. 13, 2026 /PRNewswire/ -- For nearly four decades, Chulalongkorn University has led efforts to preserve piphat dukdamban, a rare Thai classical music ensemble known for its soft, mellow sound, ensuring that this unique musical tradition continues to be passed on to future generations through education, research, and public performance. Chulalongkorn University Revives Rare Piphat Dukdamban Tradition to Preserve Thailand’s Musical Heritage Presented annually on March 26 as part of th

HTX Ventures Examines Open USD: How Stablecoin Revenue and Rule-Setting Are Being Redistributed

APIA, Samoa, Aug. 13, 2026 /PRNewswire/ -- HTX Ventures, the global investment arm of HTX, has released a new report titled Open Infrastructure, Closed Financial Rails: Open USD, Revenue Redistribution, and Participant Governance, examining the shifts underway in stablecoin revenue distribution, channel relationships, and governance following the June 30, 2026 unveiling of Open USD (OUSD). The report finds that while blockchain technology has established open, global, and programmable technical

Interview With Bifu CEO: From Exchange to Trading Network, With Financial Equality at Its Core

HONG KONG, Aug. 13, 2026 /PRNewswire/ -- In an industry where exchanges compete on derivatives depth, listing speed and platform tokens, Bifu has chosen a different path. With financial equality as its foundation, the platform is upgrading from a single exchange into a trading network that connects multiple markets, asset classes and communities. In a recent interview, the CEO of Bifu explained the beliefs behind the move, the dual-engine architecture powering it, the brand renewal now underway,