Philippines Business News

Monsoon, cyclones hit 382,000 people in Philippines

ABOUT 382,000 people from 110,000 families have been affected by the combined effects of the enhanced southwest monsoon and tropical cyclones Luis and Maymay, the National Disaster Risk Reduction and Management Council (NDRRMC) said on Sunday. In a 6 a.m. report, the agency said at least six people had died and seven were injured. Two […]

SC adopts rules to forfeit illegal POGO assets

THE Supreme Court (SC) has adopted rules allowing the government to seek the civil forfeiture of properties and other assets linked to illegal Philippine offshore gaming operations (POGOs), independently of criminal proceedings. In a resolution dated April 15 and made public on Sunday, the SC en banc adopted the Rule on the Civil Forfeiture of […]

DoLE permit to shield children

THE Department of Labor and Employment (DoLE) said its requirement for work permits for minors under 15 appearing in monetized social media content is intended to prevent exploitation and ensure their work does not interfere with their education, health and welfare. Labor Secretary Francis N. Tolentino said on Sunday that Labor Advisory No. 12, Series […]

Unified law to curb obesity pushed

CONGRESS should consolidate pending measures on unhealthy food marketing, nutrition labeling, and food regulation into a single national law as overweight and obesity among Filipino children continue to rise, according to the Congressional Policy and Budget Research Department (CPBRD) of the House of Representatives. “Rather than pursuing these measures separately, Congress should consider consolidating the […]

Bad weather hits 185,000 in Ilocos

BAGUIO CITY — The combined effects of Tropical Depression Luis, Tropical Storm Maymay and the enhanced southwest monsoon have affected at least 185,512 villagers (52,037 families) in the Ilocos Region, the Department of Social Welfare and Development (DSWD) said on Sunday. Pangasinan bore the brunt, with 154,702 people or 42,443 families affected in 144 barangays. […]

2 dead, 5 hurt in Cotabato road mishap

COTABATO CITY — A tricycle driver and one of his passengers died while five others were injured in a road mishap in Barangay New Rizal in Mlang town in Cotabato province on Saturday night. Officials of the Mlang Municipal Police Station said on Sunday that the tricycle driver Jovito D. Autillo, Sr. and his passenger, […]

International Equity Group Announces Expansion of Its Global Advisory and Wealth Management Services

LONDON, Aug. 09, 2026 (GLOBE NEWSWIRE) -- International Equity Group, a London-based wealth management and investment advisory firm, today announced the expansion of its global advisory and client service capabilities, supporting investors seeking diversified access to international financial markets while maintaining a relationship-led approach to wealth management. Headquartered in Canary Wharf, the firm has broadened its market coverage across Europe, the United States, and Asia, with additio

Iran Guards say won't reopen Hormuz without US meeting all Tehran's conditions

TEHRAN — Iran's Revolutionary Guards said on Sunday they would not reopen the Strait of Hormuz, vital to the world economy, until the United States met Tehran's conditions set out the day before, including compensation for war damages. Iran has imposed an effective blockade of the strait since the United States and Israel attacked in late February, and wants to charge tolls for passage, striking ships it accuses of attempting to circumvent its preferred route. Continued attacks in the wate

Meralco: 98,000 customers lose power amid 'habagat' rains

Heavy rains and severe flooding brought by the Southwest Monsoon, locally known as “habagat,” have disrupted electricity service for approximately 98,000 customers across Luzon, power distributor Manila Electric Company (Meralco) said on Sunday, August 9.

Eala faces Tokyo Olympics champ Bencic in NBO Round 3 in Toronto

ANOTHER Olympic champion separates Alexandra “Alex” Eala from a second straight WTA Tour quarterfinal berth. Battered and all though, Ms. Eala assured her readiness in standing her ground to shore up her drive for a second straight WTA Tour title as well. “I am as tired as one can be at this stage. You can […]

All eyes on Louie Alas to steady the ADMU basketball program

IT IS all eyes now on interim head coach Louie Alas with a tall order to steady the ship for the sunken Ateneo de Manila University (ADMU) men’s basketball program on the heels of one of the biggest sports tragedies in history following the tragic drowning of its players Rene Baterbonia and Divine Adili in […]

Cuadrat sees the Asean-Hyundai Cup as learning experience for the national booters

COACH Carles Cuadrat considered the Philippines’ campaign in Asean Championship-Hyundai Cup a “learning experience” despite the booters’ failure to advance to the semifinals. Mr. Cuadrat’s youth-laden squad managed only one win in Group B at the expense of Laos, 4-1, versus a 1-4 heartbreaker at the hands of Myanmar at home and back-to-back 0-1 losses […]

Experience matters

For much of the match, the Fever looked like they had figured out how to beat the Aces at the latter’s own game. They played with pace, built a substantial lead, and forced the defending champions to spend most of the night chasing them. Unfortunately for them, basketball has a way of making a seemingly […]

Warsh wants a Fed that plays a smaller role in markets

Marcos names new DOH undersecretary

MANILA, Philippines — President Ferdinand Marcos Jr. recently appointed Department of Health Assistant Secretary Christian Lel Saquilabon as undersecretary, replacing Emmie Liza Chiong. The President signed Saquilabon’s appointment letter on August 4. "Pursuant to the provisions of existing laws, you are hereby appointed undersecretary, co-terminus with the appointing authority, vice Emmie Liza P. Chiong," the appointment letter read. Saquilabon, who has a law degree, has been the ch

WATCH: 1,400 athletes join IRONMAN in Cebu

Around 1,400 athletes from 48 countries took part in the 12th IRONMAN 70.3 Lapu-Lapu Cebu, which Lapu-Lapu City Mayor Ma. Cynthia “Cindi” King-Chan described as a successful hosting for the city. King-Chan said the race proceeded without recorded untoward incidents despite the challenging current during the swim. The athletes completed a 1.9-kilometer swim, 90-kilometer bike course and 21.1-kilometer run. The mayor said the city is excited to host the event again next year. VIDEO BY

McNally grateful for Filipino support despite Eala defeat

MANILA, Philippines — American tennis player Caty McNally may have fallen to Filipina star Alexandra “Alex” Eala, but she left Toronto with a lasting appreciation for the Filipino fans who filled the stands and cheered throughout their clash. The world No. 70 McNally bowed to No. 20 Eala, 6-1, 4-6, 6-2, in a grueling three-set battle in the Round of 32 of the National Bank Open at Sobeys Stadium Centre Court in Toronto, Canada. Despite the defeat, McNally said the experience of

International Rights Groups Raise Alarm Over Freedom of Religion and Expression in South Korea

SEOUL, South Korea, Aug. 08, 2026 (GLOBE NEWSWIRE) -- Human Rights Without Frontiers (HRWF), together with CAP Liberté de Conscience (CAP LC), which has accredited ECOSOC status at the United Nations, FOREF, CESNUR and Bitter Winter, held a press conference today at the Seoul Foreign Correspondents’ Club on Freedom of Religion or Belief and Freedom of Expression in South Korea. The issues addressed included concerns about the treatment of elderly religious leaders in pretrial detention, includin

Filipinos new breed of ‘high energy’ tennis fans

It’s high time tennis gets a “high energy” crowd. And Filipinos are setting the trend on what a “high energy” crowd in tennis is, every time they cheer and almost put on a pedestal Alex Eala. Well, let me say it again – it’s high time tennis gets its own “high energy” crowd, because, if not, tennis might as well be played like chess – or in a venue where silence is the norm. In my view, the real sports superstars don’t wilt or get

PH embassy seeks Filipino community’s help in finding missing Filipino in Vietnam

MANILA, Philippines — The Philippine Embassy in Vietnam has sought the help of the Filipino community to determine the whereabouts of a 20-year-old Filipina who had been missing since August 2025. The embassy in Hanoi on Saturday posted a "missing person advisory" concerning the disappearance of Charmaine Portes Huraño who was born in 2005. "The embassy requests the assistance of the Filipino community in determining the whereabouts and of the condition of Ms. Huraño, who has

Inclement weather disrupts nine flights

MANILA, Philippines — Nine domestic and international flights were disrupted on Sunday due to bad weather caused by the enhanced southwest monsoon, the Civil Aviation Authority of the Philippines (CAAP) said. CAAP announced the cancellation of Cebgo flights DG171 and DG172 (Clark-Masbate-Clark) due to adverse wind and strong tailwind conditions in Masbate. Two flights were diverted to Clark International Airport — Cebu Pacific flight 5J472 (Bacolod-Manila) and Malaysia Airlines fligh

Messi missing after father's death as Miami lose in Leagues Cup

MIAMI — Lionel Messi was missing following the death of his father as Inter Miami lost 2-1 to visiting Monterrey on Saturday in a Leagues Cup match. Teams observed a minute of silence before the match for Jorge Messi, who died at age 68 in Argentina, where the Inter Miami captain Lionel Messi arrived on Saturday night. "Our hearts are with our captain, Leo, and the entire Messi family," Inter Miami said in a statement. Argentine midfielder Rodrigo De Paul scored in the 32nd minute to give

Lake Mead hits historic low water level as Colorado River struggles

BOULDER CITY, Nevada — Lake Mead, the largest reservoir in the United States, has plummeted to its lowest water level since it was filled some 90 years ago, another sign of the crisis plaguing the Colorado River system. Water levels at the reservoir, which straddles the Arizona-Nevada border outside Las Vegas, hit 1,040.4 feet (317.1 meters) above sea level on Friday, according to federal data. That's just below the record set on July 28, 2022, according to the U.S. Bureau of Reclamation.

Which economies and sectors are most exposed to AI earnings bust?