Philippines Business News

AVITA Medical to Host Investor Webinar Briefing

VALENCIA, Calif., Aug. 09, 2026 (GLOBE NEWSWIRE) -- AVITA Medical, Inc. (NASDAQ: RCEL, ASX: AVH), a leading therapeutic acute wound care company delivering transformative solutions, invites shareholders and prospective investors to attend its investor webinar briefing and presentation by Cary Vance, President and Chief Executive Officer, and David O’Toole, Chief Financial Officer, on August 12, 2026, at 4:00 p.m. Pacific Time (August 13, 2026, at 9:00 a.m. Australian Eastern Standard Time). The

RBA preview Aug: hold expected as inflation cools, housing weakens

NBA champion player and historic coach Nelson dead at 86

SAN FRANCISCO, United States — Don Nelson, the second-winningest coach in NBA history and a five-time champion as a player with the Boston Celtics, died on Sunday, his family announced. He was 86. Nelson was a member of five NBA championship teams with Boston from 1966 to 1976 and the Celtics retired his jersey number 19. As a coach, Nelson finished with a record of 1,335-1,063 -- what had been an NBA record until Gregg Popovich passed him in 2022 -- in stints with Golden State, Milwaukee,

RadNet Reports Second Quarter Financial Results with Record Quarterly Revenue and Adjusted EBITDA(1) and Revises Upwards 2026 Financial Guidance Ranges

Total Company Revenue increased 25.0% to a quarterly record of $622.7 million in the second quarter of 2026 from $498.2 million in the second quarter of 2025Revenue from the Digital Health reportable segment (inclusive of intersegment revenue) increased 56.5% to a quarterly record of $32.4 million in the second quarter of 2026 from $20.7 million in the second quarter of 2025; Annual Recurring Revenue(4) (ARR) increased from $53.5 million at June 30, 2025 to $105.5 million at June 30, 2026 and se

Raul Fernandez wins British MotoGP Grand Prix

SILVERSTONE, United Kingdom — Aprilia-Track house's Spanish rider Raul Fernandez won the British MotoGP Grand Prix on Sunday, claiming just the second race victory of his career. Championship leader Jorge Martin started on pole but was outpaced from the flag by his 25-year-old compatriot. Martin finished second with Italian Marco Bezzecchi rounding off the podium. "I'm happy and this win is special because we got three consecutive podiums and this one was a victory," Fernandez said. "Now w

Lionel Messi bids farewell to father who guided his glittering career

ROSARIO — Argentina football icon Lionel Messi bid farewell Sunday to his father Jorge, the global star's emotional anchor and agent since childhood who passed away following a battle with cancer aged 68. The eight-time Ballon d'Or winner touched down on a private flight from Miami late on Saturday with his wife Antonela Roccuzzo and their children. A private ceremony with close family and a few Argentina teammates took place at a cemetery in the town of Perez, adjacent to Rosario, later S

'Spider-Man: Brand New Day' keeps record pace, ‘The Odyssey’ sets new high for Nolan

NEW YORK — “Spider-Man: Brand New Day” continued its blistering pace in theaters, collecting $144.5 million domestically over its second weekend, according to studio estimates Sunday, while Christopher Nolan’s “The Odyssey” set a new high for the director. The Sony-Marvel release has accrued $1.67 billion worldwide in just 10 days of release, putting it on a trajectory to be among the biggest blockbusters ever. Domestically, no movie has racked up a higher tot

Magnitude 4.9 quake jolts Eastern Samar

TACLOBAN CITY — A magnitude 4.9 earthquake rocked Eastern Samar early Monday, the Philippine Institute of Volcanology and Seismology (Phivolcs) said. The quake struck at 1:05 a.m. and its epicenter was located 2 kilometers southwest of Maydolong, Eastern Samar. The earthquake was tectonic in origin and had a depth of 34 kilometers, state seismologists said.

Actually Sleeping Surpasses 211 Families Served With Personalized Baby and Toddler Sleep Coaching

Founder Dr. Samantha Abramson pairs a pharmacy background with real-time sleep tracking and one-on-one coaching to help parents build routines that work for their household United States, Aug. 09, 2026 (GLOBE NEWSWIRE) -- Actually Sleeping, a personalized sleep-coaching company for babies and toddlers, has now supported more than 211 families through its structured, one-on-one coaching program. The milestone marks a growing base of parents seeking hands-on guidance rather than generic sleep advi

From Xuan Paper to Xidi Village: Diplomats in China Explore Anhui's Cultural Heritage

BEIJING, Aug. 10, 2026 /PRNewswire/ -- A news report from CRIOnline: On August 3, fifteen diplomats based in China - representing Ethiopia, Fiji, Latvia, Türkiye, Botswana, Guinea, Argentina, Kazakhstan, Vietnam, and Malaysia - took part in an exchange event with local businesses in Hefei, Anhui Province, kicking off a week-long tour of the province. On August 5, the group traveled to Xuancheng, where, after experiencing the traditional craft of Xuan papermaking firsthand, H.E. Mr. Karlis Eihenb

Rate hike seen despite growth slump

A THIRD STRAIGHT rate hike from the Bangko Sentral ng Pilipinas (BSP) is expected later this month as it seeks to steer inflation back to target even as economic growth slumped to a new post-pandemic low in the second quarter.

Proposed higher excise taxes likely to further stall consumer spending

THE PHILIPPINES’ already subdued consumer spending could come under further pressure if the government pushes through with plans to hike taxes on sugary drinks, e-cigarettes and alcohol, despite the expected income tax relief, analysts said.

Semiconductor exports could reach up to $54B this year — SEIPI

PHILIPPINE EXPORTS of semiconductor and electronic products could reach a new high of $54 billion this year amid surging demand for tech components needed to support artificial intelligence (AI) adoption and data centers, an industry group said.

NG debt service bill increases to P77.2 billion in June

THE NATIONAL Government’s (NG) debt service bill jumped in June on higher interest and amortization payments, the Bureau of the Treasury said.

Rebound headwinds tagged

THE Philippine economy remains under strain and a recovery is expected to face further pressure from inflation and other headwinds, analysts said after second-quarter growth came in at a lower-than-expected 2.3 percent. The result, which was well below the government’s downwardly revised 3.5- to 4.5-percent target for the year, was the slowest since a contraction during the pandemic. Officials said the lower end of the 2026 goal remained achievable, but growth will have to markedly improve

Financial consumer complaints up 72.6% in 2025

FINANCIAL consumer complaints surged by 72.6 percent last year amid wider use of digital financial services and awareness of avenues for redress, the Bangko Sentral ng Pilipinas (BSP) said. The central bank received and processed more than 120,000 new complaints through its Consumer Assistance Mechanism (CAM) last year, sharply higher than the 70,112 recorded in 2024 and the 19,181 posted in 2021. “The upward trend reflects greater public awareness of the BSP’s CAM channels, wider ad

Investors seen weighing ‘mixed clues’, war news

INVESTORS could trade cautiously this week as they digest the country’s weaker-than-expected economic growth and its impact on a Bangko Sentral ng Pilipinas (BSP) policy meeting near the end of the month. The benchmark Philippine Stock Exchange index (PSEi) ended last week at 6,290.35, up 0.86 percent from the previous week and snapping a two-week losing streak, but Philstocks Financial Inc. research manager Japhet Tantiangco said sentiment remained cautious following the latest growth dat

GOCC closures to free up funds for services - Go

CLOSING nonperforming government-owned and controlled corporations (GOCCs) will free up public resources that can be redirected to needed programs and services, a Cabinet official said. “We have over 100 GOCCs,” Finance Secretary Frederick Go said on Saturday. “I would say about 10 percent of them should be closed.” “As a matter of principle, GOCCs that can no longer effectively fulfill their mandate or unnecessarily drain public resources should be abolished, or th

Debt payments surge to P1.227T as of end-June

THE national government’s (NG) debt service bill jumped nearly 60 percent in the first half, Treasury data showed, reaching almost P1.23 trillion as principal repayments more than doubled from a year earlier. The government paid a total of P1.227 trillion, up 59.7 percent from the P768.11 billion recorded in January-June 25, as amortization more than doubled to P743.00 billion from P353.29 billion a year earlier. The largest amortization payments were recorded in February and April when pr

Of martyrdom and misinformation

CHINA has hailed as “martyrs” two Chinese coast guard sailors who were killed, presumably, during a confrontation with a Philippine vessel in the West Philippine Sea almost a year to the day. The sailors sacrificed their lives during a “rights defense operation” on Aug. 11, 2025, according to the China Martyrs Network, as quoted by Agence France-Presse. No details were divulged about the operation. But on the same day, a China Coast Guard cutter CCG 3104 collided with a C

Meralco to refund P0.59/kWh this month

MANILA ELECTRIC CO. (Meralco) will refund residential customers at a rate of P0.59 per kilowatt-hour (kWh) in their August electricity bills following approval by the Energy Regulatory Commission (ERC). The refund is part of a P9.5-billion amount approved by the regulator after Meralco over-recovered distribution charges due to delays in the rate-setting process. “We expect […]

T-bill, bond rates may go down

TREASURY BILLS (T-bills) and Treasury bonds (T-bonds) to be offered this week may fetch mostly lower yields as softer-than-expected Philippine economic data reduced the odds of more aggressive tightening by the central bank. The Bureau of the Treasury (BTr) will auction off up to P60 billion in T-bills on Monday, or P20-25 billion in 91-day […]

PAL expects up to five more aircraft this year

FLAG CARRIER Philippine Airlines (PAL) expects to receive up to five more aircraft this year to further expand its fleet as the company looks at strengthening its existing services amid higher fuel costs. “Well, we have an additional A350-1000 coming in August. Hopefully, based on the plan, we will receive two more additional this year, […]

SM seeks retail edge through service, convenience amid e-commerce competition

THE SM GROUP is banking on product assortment, customer service and convenience to attract shoppers as low-cost e-commerce platforms intensify competition, its executives said. Consumers increasingly expect convenience, engaging experiences, sustainability and authenticity but remain sensitive to prices, SM Investments Corp. Vice-Chairperson Teresita T. Sy-Coson said. “They want all of them, but they don’t want […]