Philippines Business News

Manila cruise port to break ground soon

The P5-billion Manila terminal for cruise vessels is close to breaking ground, with the Philippine Ports Authority (PPA) eyeing to firm up a lease agreement before the year ends.

Meralco sees electricity demand to pick up in H2

Power utility giant Manila Electric Co. (Meralco) expects energy sales to pick up in the remaining months of 2026, driven by strong electricity demand amid the El Niño weather phenomenon.

PAL mulls fuel hedging

Flag carrier Philippine Airlines (PAL) is exploring the possibility of hedging fuel in light of the abrupt spike in petroleum prices that lead to elevated airfares.

Pension hike drags down SSS earnings in H1

State-run pension fund Social Security System (SSS) reported a 27.8-percent drop in net income in the first half, as benefit payouts outpaced contributions and investment earnings.

Sand problems hound Bulacan airport

While SMC Infrastructure has greatly improved the facilities of the Ninoy Aquino International Airport, the timetable for the more modern Bulacan International Airport continues to face delays due to challenges in sourcing adequate sand for landfilling the new airport facility.

SEC, BIR join forces to support ease of doing business initiatives

The Securities and Exchange Commission (SEC) and the Bureau of Internal Revenue (BIR) have forged an alliance to support ease of doing business and deepen the capital market.

SEIPI turns bullish on electronics exports

The umbrella group of electronics and semiconductor firms in the country now expects electronics exports to grow by 10 percent this year, driven by artificial intelligence (AI) and data centers.

Stocks on edge as GDP slows

Trading is seen staying range bound this week as investors are expected to continue digesting the country’s gross domestic product (GDP) slowdown in the second quarter.

We’re in deep doo doo

Last Friday, the Philippine Statistics Authority (PSA) reported some grim statistics showing that our GDP grew by only 2.3 percent year-on-year for Q2 2026, marking the weakest quarterly performance in 17 years outside the pandemic.

As the world rediscovers 'The Odyssey,' disabled actors in Greece explore the pain of war

EPIDAURUS, Greece — As Christopher Nolan’s “The Odyssey” renews global fascination with Homer, a cast of disabled and non-disabled performers in Greece is staging the war’s other story. It’s not about the triumph of returning heroes, but the suffering they left behind. “The Trojan Women,” with a cast of 22, was staged at Epidaurus, the ancient open-air stone arena in southern Greece. It marked what organizers called the first fully accessible perfo

Diplomats' Perspective on Anhui: From Agricultural Province to Regional Economic "Growth Pole"

HEFEI, China, Aug. 9, 2026 /PRNewswire/ -- A news report from CRI Online: "This is a rare opportunity - we have come to the new engine of China's economic growth, Anhui." So said H.E. Mr. Robert Lee, Fiji's Ambassador to China, at an exchange event in Hefei on the 3rd, which brought together 15 diplomats from Ethiopia, Fiji, Latvia, Türkiye, Botswana and other countries for an in-depth dialogue with the province. Diplomats engage in dialogue with representatives of Anhui enterprises at the launc

FLOODS AGAIN

MARIKINA RIVER

Marcos orders heightened alert as rains persist

MANILA, Philippines — President Ferdinand Marcos Jr. has directed concerned agencies to remain on heightened alert amid continued heavy rains over the weekend that submerged some parts of Metro Manila and nearby provinces, Malacanang said. Presidential Communications Office (PCO) Undersecretary Claire Castro said the President closely monitored "the impact of the habagat (southwest monsoon), particularly the situation in flood-prone areas and the rising water levels in dams and reservoirs.

Manila mayor suspends classes on Monday

MANILA, Philippines — Manila Mayor Francisco "Isko" Moreno Domagoso ordered the suspension of classes in all levels in public and private schools on Monday, August 10. The mayor cited "inclement weather brought about the southwest monsoon enhanced by Tropical Cyclone Dolphin" as the reason for the suspension of classes upon the recommendation of the Manila City Disaster Risk Reduction and Management Department.

Sinolook Highlights the Growing Importance of High-Quality Base Oil in the Philippines' Lubricant and Automotive Sector

XIAMEN, China, August 9, 2026 /MarketersMEDIA/ -- The Philippines' automotive and industrial sectors are expanding at a pace that reflects the country's broader economic momentum. With vehicle sales consistently among the strongest in Southeast Asia, a growing motorcycle fleet that numbers in the tens of millions, and an industrial base that spans manufacturing, mining, shipping, and construction, the demand for high-performance lubricants is rising steadily across every segment of the Philippin

PCSO Lotto Results | August 9, 2026

Action Energy Company Reports H1 2026 Financial Results

KUWAIT CITY, Aug. 9, 2026 /PRNewswire/ -- Action Energy Company K.S.C.P. (AEC), listed on Premier Market of Boursa Kuwait (Bloomberg: ALFTAQA KK) (Reuters: ALFTAQA.KW), Kuwait's leading local partner for integrated upstream services, owner and operator of one of the youngest rig fleets in the region, announced its financial results for the first half ended 30 June 2026. Action Energy Company Rig Sheikh Mubarak Abdullah Al-Mubarak Al-Sabah, AEC Chairman, said: "H1 2026 reflects the resilience of

How to spot the Perseid meteor shower, a summer light show that promises to dazzle

NEW YORK — The Perseid summer light show is back — and viewing conditions are especially promising for the Northern Hemisphere. The meteor shower's peak Wednesday night into Thursday morning coincides with a total solar eclipse across Spain, Iceland and Greenland and a six-planet parade — though the best time to view the fireballs will come after totality. As many as 50 to 100 meteors per hour may be visible under ideal conditions, according to NASA. The American Meteor Society

GearUP and Escape from Tarkov Partner to Enhance Online Gaming Experience for the New Season

SINGAPORE, Aug. 9, 2026 /PRNewswire/ -- GearUP, a global game network optimization platform, and Escape from Tarkov, the acclaimed multiplayer tactical shooter, announced on August 4 a collaboration to help players enjoy a smoother and more reliable online experience as the game enters its new season. With players connecting from different regions around the world, maintaining stable and responsive online gameplay has become increasingly important. Through this collaboration, GearUP will provide

Many immigrants face deportation without a lawyer at their side in court

SACRAMENTO, California — Lawyer Kamalpreet Chohan ran her finger down a list of 57 names of people scheduled to appear during a morning of hearings at the immigration court in California's capital and pointed out one glaring absence. “None of these folks are represented,” she said. Chohan is the coordinator of a program that sends volunteer lawyers to immigration courts to assist people without representation and help them navigate the complicated legal system where the stakes

Mixed data, Mideast news to keep market wary

PHILIPPINE SHARES may move sideways this week as investors stay cautious amid lingering geopolitical tensions and mixed domestic economic data, with slower-than-expected growth clouding the outlook. On Friday, the Philippine Stock Exchange index (PSEi) rose by 0.2% or 12.40 points to close at 6,290.35, while the broader all shares index went up by 0.15% or […]

Ruvi AI Surpasses 60% of Phase 4 as AI Crypto Presale Continues Rapid Momentum Following Record-Breaking Phase 3

AI Blockchain Project Crosses Another Major Presale Milestone as Community Turns Its Attention Toward the Final Stretch of Phase 4 DUBAI, United Arab Emirates, Aug. 09, 2026 (GLOBE NEWSWIRE) -- Ruvi AIhas now surpassed 60% completion inPhase 4 of its token presale, marking another significant milestone for the AI-powered blockchain ecosystem following the rapid sellout of Phase 3 in less than a month. The latest announcement highlights the continued momentum behind the project as participation s

‘Govt reforms led to completion of infra projects’

MANILA, Philippines — Presidential Legislative Officer Joey Sarte Salceda on Sunday said the reforms that President Ferdinand Marcos Jr. had instituted led to faster completion of key infrastructure projects. He said the latest Department of Public Works and Highways (DPWH) reports indicated "improvements in several important categories." Based on DPWH’s quarterly physical report of operations, the fourth-quarter rate of bridge projects completed in accordance with plans and specific