Philippines Business News

DTI, ADVANCE.CBP to establish MSME credit information registry

THE Department of Trade and Industry (DTI) and ADVANCE.CBP (Advintel, Inc.) signed a memorandum of understanding last week to establish a credit information registry for micro, small and medium enterprises (MSMEs). SME Trust will carry MSMEs’ verified business profiles, which lenders and other firms may use for assessment prior to approving loans or entering business […]

Bidding launched for P1.24-billion Tacloban, Busuanga airport deals

THE Department of Transportation (DoTr) said it opened the bidding for the P1.24 billion worth of contracts for the development and rehabilitation of Tacloban and Busuanga airports. In separate bid notices issued on Tuesday, the DoTr said P695.25 million was allotted for the civil works and rehabilitation contract for Tacloban Airport. The project covers airside […]

NGO urges BFAR to stand firm on vessel monitoring after SC ruling

OCEANA PHILIPPINES urged the Bureau of Fisheries and Aquatic Resources (BFAR) to defend the vessel monitoring measures (VMM) components of fisheries law struck down by the Supreme Court (SC), which has been asked to reconsider.

DTI, Converge open new hub to help startups integrate AI

THE Department of Trade and Industry (DTI) said it is leveraging specialized training and pitching opportunities to help startups integrate artificial intelligence (AI) and digital tools directly into their operations. On Tuesday, the DTI and Converge ICT Solutions, Inc., launched the DTI AI and Scale-Up Center, which seeks to provide visitors and participating enterprises access […]

Japanese chamber, ARTA sign partnership to reduce red tape

THE Japanese Chamber of Commerce and Industry of the Philippines, Inc. (JCCIPI) has partnered with the Anti-Red Tape Authority (ARTA) to help Japanese firms’ issues on ease of doing business. In a statement, ARTA said the two parties signed a memorandum of understanding (MoU) on Aug. 5, which designates the JCCIPI and its nationwide members […]

Infrastructure capital outlays to decline this year

NATIONAL GOVERNMENT infrastructure and other capital outlays are projected to decline 15.1% to P931.54 billion this year before recovering slightly in 2027, although they will remain below the P1-trillion level. According to the 2027 Budget of Expenditures and Sources of Financing, this year’s infrastructure and other capital outlays are expected to decline from P1.1 trillion […]

Meralco may absorb system loss, but ERC says its rates may need adjusting

'We’re looking at the impact of removal of system loss, whether total or phased in, whether just the nontechnical, whether there’s a lowering of the cap,' says ERC chair Francis Juan

US sees oil disruptions from Iran conflict reaching 600,000 bpd

BTr upsizes T-bill award as rates drop on tempered BSP hike bets

THE GOVERNMENT upsized its award of the Treasury bills (T-bills) it auctioned off on Monday as rates dropped across all tenors, driven by robust demand and dwindling expectations of aggressive hikes from the Bangko Sentral ng Pilipinas (BSP). The Bureau of the Treasury (BTr) raised P58.8 billion from the T–bills, above the P42 billion it […]

LANDBANK looks to expand lending to spur income rebound

LAND BANK of the Philippines (LANDBANK) is hoping to still post a higher net income for this year after it recorded a decline in the first half as it is targeting sustained loan expansion while managing potential credit risks. The state-run lender’s net income dropped by 4.04% year on year to P24.21 billion in the […]

Peso jumps as weak US jobs data hit greenback

THE PESO appreciated on Monday as the dollar stayed under pressure, with weak US jobs data leading markets to recalibrate the US Federal Reserve rate hike calls. The currency jumped by 19.5 centavos to close at P60.705 versus the greenback from its P60.90 finish on Friday, based on data from the Bankers Association of the […]

BankCom net profit up 14% in Q2

BANK of Commerce (BankCom) recorded a 14% growth in its net income in the second quarter, driven by its core business and foreign exchange gains. The San Miguel Corp. affiliate booked a net income of P1.13 billion in the three months through June, up from P993.91 million in the same period in 2025, it said […]

Responsible AI use key to managing potential risks, says BSP chief

THE Philippine banking industry must ensure proper safeguards are in place to manage risks arising from artificial intelligence (AI) and promote its efficient use, the Bangko Sentral ng Pilipinas (BSP) chief said. Speaking at the BSP AI Summit 2026 held late in July, BSP Governor Eli M. Remolona, Jr. said AI has allowed the financial […]

Zuckerberg pushes open-source AI approach as Meta unveils latest model

Meta Platforms on Monday announced the release of a new artificial intelligence model that's open for other software developers to use as CEO Mark Zuckerberg warned of the risks if control of advanced AI is concentrated under a select few companies, institutions or governments. The tech company included a “permissive” open source license for Muse Glimmer, a lightweight AI model that can run on a personal computer. Zuckerberg said the company would also would provide a way for develop

Size of RIKB 26 1015

The size of the RIKB 26 1015 series after the exchange auction on August 7, 2026, is 56,117,588,711 nominal value.

ARIA Cybersecurity Announces OpenAI’s attack on Hugging Face could have been prevented by AZT PROTECT

ARIA’s AZT PROTECT™ patented approach - protects against dawning AI Assault attacks that threaten critical infrastructure applications LOWELL, Mass., Aug. 10, 2026 (GLOBE NEWSWIRE) -- ARIA Cybersecurity, a CSPi business (NASDAQ: CSPi) announced it is the first security vendor to offer a solution to stop the next generation of AI attacks that now threaten our economy. On Friday, July 31, 2026, OpenAI and Hugging Face began disclosing the details of the attack. In what industry experts are calling

Veyrion Laxentum Capital Launches VEYRONEX, Advancing Intelligent Asset Management Through an AI-Native Cognitive System

From historical data analysis to market structure cognition, VEYRONEX explores a next-generation intelligent investment framework for complex market environments through adaptive learning, dynamic risk identification, and multi-asset probability modeling DENVER, Aug. 10, 2026 (GLOBE NEWSWIRE) -- As artificial intelligence, algorithmic technologies, and the digital financial landscape continue to evolve, global financial markets are entering a new stage characterized by greater complexity and int

Fleet Advantage Surpasses $4.3 Billion in Total Lease Originations, Sets Records Across Remarketing and Portfolio Growth in Fiscal Year 2026

FORT LAUDERDALE, Fla., Aug. 10, 2026 (GLOBE NEWSWIRE) -- Fleet Advantage, a leading innovator in specialty financing, fleet data analytics, asset performance services, and life cycle cost management, today announced the conclusion of one of its most successful fiscal years in company history for the year ending June 2026. Despite continued economic headwinds and market uncertainty, the company achieved record lease originations, unprecedented used truck remarketing volume, and meaningful portfol

Metabio Advances Global Preventive Healthcare with Integrated AI-Powered Bioresonance Ecosystem

HONG KONG, Aug. 10, 2026 (GLOBE NEWSWIRE) -- As global healthcare priorities increasingly shift from reactive treatment to proactive wellness management, health technology enterprise Metabio today announced the expansion of its integrated preventive healthcare ecosystem. Powered by bioresonance technology and artificial intelligence, the Hong Kong-based company is scaling its personalized health system to bridge the gap between advanced bio-data analytics and ways to optimize daily health for in

SPP Credit Advisors and Circle8 Group Eliminate $35 Million Convertible Seller's Note in Global Settlement Agreement

Settlement Resolves Litigation and Legacy Financing Matters, Simplifies Capital Structure and Enhances Financial Flexibility ENGLEWOOD CLIFFS, N.J., Aug. 10, 2026 (GLOBE NEWSWIRE) -- Circle8 Group, Inc. (Nasdaq: CIRC) ("Circle8" or the "Company") today announced that it has executed a definitive settlement agreement with SPP Credit Advisors, LLC ("SPP"), resolving all outstanding litigation between the parties, releasing, cancelling and discharging the Company's $35 million Convertible Seller's

GIGABYTE Announces the Availability of AORUS GeForce RTX™ 50 INFINITY Series Graphics Cards

TAIPEI, Aug. 10, 2026 /PRNewswire/ -- GIGABYTE, the world's leading computer brand, announces the availability of the AORUS GeForce RTX™ 5080, RTX™ 5070 Ti, and RTX™ 5070 INFINITY graphics cards. Designed for enthusiasts seeking uncompromised performance and refined aesthetics, the new lineup combines the WINDFORCE HYPERBURST cooling system with a double flow through design, patented Hawk fans, and an intelligent Overdrive Fan to maximize cooling efficiency. These models also feature a STEALTH-c

Greystone Provides $25.5 Million in Fannie Mae Acquisition Financing for Chicago Multifamily Property

NEW YORK, Aug. 10, 2026 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, has provided a $25,500,000 Fannie Mae loan to finance the acquisition of 422 & 424 W. Melrose Ave., a 169-unit multifamily property in Chicago, Illinois. The financing was originated by Clint Darby and Andrew Remenschneider of Greystone. Christopher Sackley and William Montana of Global Real Estate Advisors brokered the sale. The Fannie Mae acquisition financing enables the borrower

HyOrc Advances Commercial Deployment with €6.7 Million STEP Grant Approval and $7.5 Million Equity Facility

HOUSTON, Aug. 10, 2026 (GLOBE NEWSWIRE) -- HyOrc Corporation (OTCQB: HYOR), an integrated clean energy infrastructure and technology company, today announced significant progress across its Portuguese commercial deployment and corporate capital strategy. HyOrc has completed the restructuring of its Portuguese partnership with MO.RE.DA., establishing HYORC GREEN FUELS, LDA as a 50/50 joint venture focused on the development and scale-up of RDF-to-green-methanol production in Portugal. Manufacturi

NTG Nordic Transport Group publishes interim report for H1 2026

Company announcement no. 29 - 26 10 August 2026 NTG Nordic Transport Group publishes interim report for H1 2026 The interim report for H1 2026 is enclosed. In connection with publication of the results for H1 2026, a conference call will be hosted on 11 August 2026 at 10:00 AM CEST. The conference call will be held in English and can be followed live via NTG’s website; investor.ntg.com. Additional information For additional information, please contact: Investor relations and press: Sebastian Ros