Philippines Business News

SC fast-tracks forfeiture of POGO assets

MANILA, Philippines — The Supreme Court (SC) has approved a fast-track legal mechanism allowing the government to seize and forfeit properties tied to illegal Philippine Offshore Gaming Operator (POGO) activities even without waiting for related criminal cases to be resolved. The Court En Banc approved the Rule on the Civil Forfeiture of POGO-Related Assets pursuant to Republic Act (RA) 12312, or the Anti-POGO Act of 2025, giving authorities a direct route to strip illegal operators of ass

"Boundless Creativity, Connecting Youth" China-Indonesia Youth Cultural Exchange Series Held in Jakarta

JAKARTA, INDONESIA - Media OutReach Newswire - 10 August 2026 - On August 6, the "Boundless Creativity, Connecting Youth" China-Indonesia Youth Cultural Exchange Series was held in Jakarta, Indonesia. The event was jointly hosted by the China Intercontinental Communication Center (CICC) and Indonesia's GARUDA TV, with co-organized by Luoyang Radio and Television Media Group Co., Ltd. and Coocaa, a brand under Skyworth Group. More than 800 people attended the opening ceremony. Among them were rep

NCCA opens Asean Cultural Center in Manila

MANILA, Philippines — The National Commission for Culture and the Arts (NCCA) opened the Association of Southeast Asian Nations (Asean) Cultural Center in Manila on Sunday. First Lady Liza Araneta-Marcos attended the event and joined NCCA Chairman Eric Zerrudo in the ribbon-cutting ceremony at the historic Metropolitan Theater. “Through creation myths, horizons, textiles, boat-building traditions, and architecture, this exhibition celebrates the different expressions of who we are, y

SWAMPED

NeuShield Expands Data Sentinel with New Exfiltration Protection to Help Stop Data Theft and Ransomware

New capability protects how sensitive data is accessed, helping organizations prevent unauthorized file access before attackers can steal or encrypt critical information FREMONT, Calif., Aug. 10, 2026 (GLOBE NEWSWIRE) -- NeuShield, creators of the industry's first Mirror Shielding™ technology, today announced Exfiltration Protection, a major enhancement to NeuShield Data Sentinel that helps organizations prevent cybercriminals from accessing sensitive files, even when attackers compromise legiti

New Consumer Research Released Ahead of The Hospitality Show Reveals Hotels Are Leaving Loyalty Revenue on the Table

Questex's 2026 Consumer Hotel Habits Report, powered by Datassential, finds travelers will pay more for upgrades, flexibility, and breakfast while exposing untapped loyalty opportunities. NEW YORK, Aug. 10, 2026 (GLOBE NEWSWIRE) -- Hotel stays remain a near-universal habit, with 80% of U.S. adults staying in a hotel at least once a year, but what keeps guests coming back has sharpened around a few clear priorities, according to the newly released Questex "2026 Consumer Hotel Habits Report” power

Zealand Pharma - Transactions related to share buy-back program (week 32, 2026)

Company announcement No. 37 / 2026 Zealand Pharma - Transactions related to share buy-back program (week 32, 2026) Copenhagen, Denmark, August 10, 2026 - Zealand Pharma A/S ("the Company" or "Zealand Pharma”) (Nasdaq: ZEAL) (CVR-no. 20045078), a biotechnology company transforming the future of metabolic health, today reports transactions related to its share buy-back program (the "Program”) for week 32 (August 3 - August 7, 2026). The Program is carried out in accordance with Article 5 of Regula

Tyson Foods, Inc. Announces Debt Tender Offers

SPRINGDALE, Ark., Aug. 10, 2026 (GLOBE NEWSWIRE) -- Tyson Foods, Inc. (the "Company” or "we”) (NYSE: TSN) announced today that it is offering to purchase for cash each series (each, a "Series”) of the notes issued by the Company listed in the following table (the "Notes”) (i) in accordance with, and in the order of, the corresponding Acceptance Priority Levels (as defined below) and (ii) subject to the Maximum Tender Cap (as defined below), the 2027 Tender Sub-Cap (as defined below), the 5.400%

Flood projects to return in next year’s budget amid rains; full audit sought

GOVERNMENT flood management and mitigation projects will return to the national budget in 2027 as the Philippines grapples with widespread flooding caused by the southwest monsoon and tropical cyclones Luis and Maymay, officials said on Monday.

Analysts say flood probe turnover to Ombudsman practical but risks scrutiny

THE Senate’s decision to defer its investigation into the multibillion-peso flood control scandal to the Office of the Ombudsman is a practical move that could allow lawmakers to focus on legislation, but the probe remains vulnerable to political pressure and public scrutiny, analysts said.

PHL, US reaffirm alliance as treaty marks 75 years; America vows deterrence

THE Philippines and the US reaffirmed their commitment to boosting defense cooperation as they marked the 75th anniversary of their Mutual Defense Treaty (MDT), with both sides approving expanded military engagements for the coming year. US Pacific Command Commander Adm. Samuel J. Paparo and Armed Forces of the Philippines Chief of Staff Gen. Antonio G. […]

Pump prices set to fall by up to P4.88/L

MOTORISTS are expected to get relief at the pumps this week as fuel prices are set to decline by more than P4 per liter (L), according to the Department of Energy (DoE). In an advisory on Monday, the DoE said gasoline prices would fall by P4.70 per liter, diesel by P4.30 per liter and kerosene […]

Mindanao grid sees first red alert

THE Mindanao grid has recorded its first red alert this year, triggered by high forecasted demand, while the Visayas grid continued to suffer from low power supply, according to the National Grid Corp. of the Philippines (NGCP). In an advisory on Monday, NGCP raised both red and yellow alerts over the Visayas and Mindanao. The […]

2027 budget turnover set for Tuesday

THE Executive branch is set to turn over the proposed P7.2-trillion 2027 national spending plan to Congress on Tuesday, after President Ferdinand R. Marcos, Jr. received the proposal prepared by the Department of Budget and Management (DBM) on Monday. Budget Secretary Kim Robert C. de Leon formally submitted the 2027 National Expenditure Program (NEP) to […]

PhilHealth chief named DoH sec.

PRESIDENT Ferdinand R. Marcos, Jr. on Monday appointed Philippine Health Insurance Corp. (PhilHealth) chief Edwin M. Mercado as secretary of the Department of Health (DoH), replacing Jose Brittanio “Brix” S. Pujalte, Jr. “He stood as the president and CEO (chief executive officer) of PhilHealth, so Dr. Mercado knows what the President wants for our countrymen,” […]

Agri damage from monsoon tops P135M

THE enhanced southwest monsoon caused more than P135 million in agricultural losses, Agriculture Secretary Francisco P. Tiu Laurel, Jr. said on Monday. Speaking on One News’ Money Talks with Cathy Yang, Mr. Laurel said that over 6,000 families were affected and more than 4,500 hectares of farmland were damaged, with production losses exceeding 4,500 metric […]

PHL envoy backs Pax Silica, says neighboring countries want project

PHILIPPINE Ambassador to the US Jose Manuel “Babe” G. Romualdez on Monday backed the Pax Silica initiative amid criticisms on the proposed hub, saying that neighboring countries are prepared to take on the US-led project should the Philippines refuse it. At a media briefing after the Fireside Chat hosted by the Stratbase Institute, Mr. Romualdez […]

Semirara trims 400 jobs amid shift from coal

A TOTAL of 462 employees lost their jobs, the Semirara Mining and Power Corp. (SMPC) said, as uncertainty over securing a new contract to continue operations forced the company to cut its workforce. In a statement on Monday, SMPC said it filed a notice of redundancy with the Department of Labor and Employment, which affected […]

Marcos still reviewing US extradition request vs Quiboloy

PHILIPPINE President Ferdinand R. Marcos, Jr.’s decision whether to grant Washington’s request to extradite embattled preacher Apollo S. Quiboloy can be expected in a “couple of weeks” from now, the Palace said on Monday. “We spoke with the President himself earlier, and he said that this really needs to be studied carefully. But, in a […]

Co-op group opposes share voting as revised code clears House

A COOPERATIVE sector group on Monday called for the protection of democratic voting in cooperatives after the House of Representatives approved a measure revising the country’s Cooperative Code. In a statement, the Philippine Chamber of Cooperatives, Inc. described the passing of House Bill No. 9584, or the Revised Cooperative Code of the Philippines, on third […]

Part-time workers protection sought

A SENATOR has filed a bill amending the Labor Code of the Philippines to protect part-time workers and provide them benefits, including social security, security of tenure, and an income not lower than the basic minimum wage. Under the Senate Bill No. 2375 or the Part-Time Employment Act, Senate Committee on Labor, Employment and Human […]

More Cordillera residents hit as torrential rains persist

BAGUIO CITY — The number of people affected by torrential rains brought by the enhanced southwest monsoon and other weather systems continued to rise across the highland Cordillera region, with disaster response teams stepping up relief and rescue operations in several areas. The Cordillera Regional Disaster Risk Reduction and Management Council (RDRRMC), in its Monday […]

PSE index slips as weak GDP data dent sentiment

THE MAIN INDEX ended lower on Monday as cautious sentiment reigned following the Philippines’ weak second-quarter economic growth and continued uncertainty over the situation in the Strait of Hormuz. The Philippine Stock Exchange index (PSEi) slipped by 0.02% or 1.14 points to close at 6,289.21. Meanwhile, the broader all shares index edged up by 0.07% […]

Mitsubishi could export hybrids from Laguna plant

MITSUBISHI MOTORS Philippines Corp. (MMPC) said it is positioning its upcoming hybrid electric vehicle (HEV) production facility in Sta. Rosa, Laguna as a possible regional export hub. “We’d like to commit to this nation for a long time,” MMPC Chairman Noriaki Hirakata said at a briefing on Monday. “We could expand our business here because […]