Philippines Business News

Today's Weather, 5 A.M. | Jul. 12, 2026

New LPA spotted outside PAR

MANILA, Philippines — The state-run weather agency revealed on Sunday that it was closely monitoring the movement of a new low pressure area (LPA) which was spotted still outside the Philippine Area of Responsibility (PAR). Weather specialist Robert Badrina of the Philippine Atmospheric, Geophysical and Astronomical Services Administration (Pagasa) said the LPA was estimated to be 1, 205 kilometers east of Eastern Visayas. “At present, the LPA has still a slim chance to intensify int

Meta scales back AI tool after backlash

Meta has pulled the plug on a feature of a recently launched AI tool following criticism that it made Instagram accounts fodder for use in creating AI-generated images. The move on Friday came less than a week after the parent of Instagram and Facebook rolled out Muse Image, its first image-generation model available through the company’s artificial intelligence assistant, Meta AI. “Our intent was to provide a useful creative tool and to give people control over whether their public

Crypto News: Pepeto DeFi Exchange Nears Launch Following Audit Completion and Final Testing Phase

DUBAI, United Arab Emirates, July 11, 2026 (GLOBE NEWSWIRE) -- Pepeto (PEPETO) has confirmed that its DeFi exchange is now in the final stretch before launch. The development team announced that both the exchange and its cross-chain bridge have been completed and are currently running through final testing. This update follows the successful completion of a full smart contract audit by SolidProof, marking a clear technical milestone as the platform prepares for public availability. Development R

HII Christens Guided Missile Destroyer George M. Neal (DDG 131)

PASCAGOULA, Miss., July 11, 2026 (GLOBE NEWSWIRE) -- HII (NYSE: HII) christened the future USS George M. Neal (DDG 131), the fourth Flight III Arleigh Burke-class destroyer to be built at the company’s Ingalls Shipbuilding division. The ship is named for Aviation Machinist’s Mate Third Class George M. Neal, a Korean War veteran and Navy Cross recipient. In 1951, Neal’s helicopter crashed during a rescue attempt in the North Korean mountains. He evaded enemy forces for nine days before being capt

Typhoon Bavi makes landfall in eastern China as more than 1M are evacuated

BEIJING — Typhoon Bavi made landfall in China’s eastern province of Zhejiang late on Saturday night and was expected to gradually weaken, according to China’s national weather center. Bavi previously brought strong winds and rain to Japan’s southern islands and Taiwan. It was the second typhoon to impact China in just over a week’s time. The first, Maysak, made landfall in southern China on July 3. Chinese authorities have evacuated more than 1.7 million people as o

Philippine youth squad begins bid in AVC U18 boys’ volleyball championship

MANILA, Philippines — THE Philippine youth volleyball team sets sights on the world stage as it competes in the Asian Volleyball Confederation (AVC) Boys’ Under-18 Volleyball Championship starting on Sunday in Haikou, China. The top four in the 16-nation meet advance to the 2027 FIVB Volleyball Boys’ U19 World Championship. The Philippines, which has wing spikers Al-Raquib Dais, Gary Ivan Dayrit, Terrence Marticion, Raphael Galapin, Elijah Yeuzef Guzman, John Daniel Dela Cruz a

Iran supreme leader vows revenge for father's killing

TEHRAN, Iran — Iran's supreme leader on Saturday vowed revenge for the US-Israeli killing of his father and predecessor, hours after President Donald Trump threatened severe reprisals in the event of any attempt on his own life. Both sides dialed up the rhetoric after exchanges of fire this week rocked an interim agreement aimed at ending the Middle East war, which broke out in late February with massive US-Israeli strikes that killed former supreme leader Ali Khamenei. Trump has declared

More than 200 evacuated by helicopter from Missouri summer camp

One person remains missing in Missouri after heavy rainfall battered parts of Missouri on Friday, forcing numerous emergency rescues and evacuations, including at a summer camp with more than 200 children. Several other states also face the potential for severe thunderstorms and flash flooding warning on Saturday as the slow moving storms move southward. The National Weather Service said the severe weather impacts a wide region stretching from the Ozark mountains in southern Missouri eastward in

Poland to create memorial to victims of Ukrainian nationalist 'genocide' — PM

WARSAW, Poland — Poland's Prime Minister Donald Tusk on Saturday announced the creation of a new monument to civilian victims of what he called a "genocide" by "Ukrainian nationalists" in World War II. "A Wall of Remembrance will be erected in Warsaw, with an eternal flame and the names of every victim who has been found and identified," he said on social media. Warsaw and Kyiv have been at loggerheads for decades over the massacre of civilians on both sides during World War II, souring re

LeBron’s Last Decision

Sixteen years after The Decision broke the internet, LeBron James is preparing for one final choice. This time, however, it isn't about money, fame, or even basketball fit. It's about history. The Lakers chapter is over. Luka Doncic is now the face of the franchise, and LeBron, at 41, isn't looking for a farewell tour. He's hunting one last championship. According to the latest reports, the teams strongly connected to him are the Cleveland Cavaliers, Miami Heat, Philadelphia 76ers, Golden State

Ethereum Based New Crypto Pepeto Reports Exchange Launch Progress as Funding Climbs Past $10.4M

DUBAI, United Arab Emirates, July 11, 2026 (GLOBE NEWSWIRE) -- Pepeto, the Ethereum-based project operating at the intersection of meme coin culture and DeFi utility, has reported meaningful progress on its exchange launch preparations as the Binance listing approaches. The zero-fee exchange and cross-chain bridge are now confirmed as built and tested. At the same time, community backing has pushed total contributions past $10.4 million, with hundreds of new participants joining daily even durin

MPBL: Quezon Huskers rout QC Black Bulls; Weavers unveil championship banners

MANILA, Philippines — The Quezon Huskers bared their defensive prowess in a 93-52 demolition of the Quezon City Black Bulls on Saturday in the SportsPlus MPBL (Maharlika Pilipinas Basketball League) 2026 Season at the Gov. Andres Bernos Memorial Gymnasium in Bangued, Abra. Applying constant pressure, the Huskers held the Black Bulls to 11 points in the second quarter and seven in the third to move beyond reach, 72-29, and notch their first win at the venue. With all 15 Huskers fielded scor

ThinkCareBelieve: Week 77 The Trump Administration Answers The Call

What Transpired during the 77th Week of the Trump 2.0 Administration Washington, DC, July 11, 2026 (GLOBE NEWSWIRE) -- ThinkCareBelieve announces a New Report on Eventsthat transpired during Week 77of the Second Term of the Trump Administration, part of a weekly series covering all the exciting achievements and events as they happened since President Trump took office in January 2025. The article can be accessed in full at https://thinkcarebelieve.blog/2026/07/11/week-77-the-trump-administration

'Inday' death toll climbs to 17, over 112,000 families affected

THE number of deaths related to Typhoon Inday climbed to 17 on Saturday, the Office of Civil Defense (OCD) said. The OCD also reported more than 112,000 families have been affected by the typhoon-enhanced southwest monsoon or "habagat." OCD Deputy Administrator Assistant Secretary Bernardo Rafaelito Alejandro IV said around 2,900 families, or 11,200 individuals, are staying in 77 evacuation centers. Alejandro said authorities were validating reports of the 17 deaths, four injuries and nine missi

Impeach trial's first week 'laid foundation' for grave threat charge

THE first week of Vice President Sara Duterte’s impeachment trial laid the foundation for its grave threat charge and transformed the allegations into evidence, the House prosecution team said. The team also said putting National Bureau of Investigation (NBI) Senior Agent John Mark Calilung on the witness stand achieved the first objective of the prosecution’s strategy of placing authenticated digital evidence on record. Calilung authenticated the video recording of the threat made b

Lacson questions confinement of Bonoan, Marcoleta at PNP hospital

SEN. Panfilo “Ping” Lacson on Saturday questioned the hospitalization of former Public Works secretary Manuel Bonoan and Sen. Rodante Marcoleta at the Philippine National Police (PNP) General Hospital following their arrest. Lacson said he will try to find out during the 2027 budget deliberations who pays for the confinement of non-PNP beneficiaries. Bonoan and Marcoleta faced plunder and graft charges before the Sandiganbayan. Lacson sees a recurring pattern in the hospitalization o

​​Maranao and forever

"Okir is very important to my art because it shows that I’m a Bangsamoro artist, I’m a Maranao, and also I’m a Filipino. I incorporate it because art styles should not be stagnant. It needs to keep up with the generation to survive.” IN Lanao del Sur, the intricate, curvilinear patterns of traditional Okir art are finding new life. The recently concluded second Okir Art Exhibit served as a vibrant crossroads where master artisans and a rising generation of Maranao artists

Philippines urged to anchor South China Sea code on arbitral ruling

THE Philippines should use its 2026 chairmanship of the Association of Southeast Asian Nations (Asean) to push for a legally binding South China Sea Code of Conduct (COC) that is anchored on the 2016 arbitral ruling, instead of allowing the landmark decision to become a subject of negotiation, a political expert said. Victor Andres Manhit, president of the think tank Stratbase Institute, made the suggestion ahead of the ruling’s 10th anniversary on July 12. Speaking at a Strabase forum on

PH still world’s top supplier of seafarers

THE Philippines remains the world’s leading supplier of seafarers, according to a report by the Baltic and International Maritime Council (Bimco) and the International Chamber of Shipping (ICS). On Saturday, the Maritime Industry Authority (Marina) cited the recently published 2026 Seafarer Workforce Report, issued by Bimco and ICS, that had the country topping the world’s five largest seafarer-supplying countries. These five countries represent 56.25 percent of the global seafarer w

Ateneo: Baldwin’s role under ‘independent contractor agreement’

The Ateneo de Manila University on Saturday said the employment of former Blue Eagles head coach Tab Baldwin was under an “independent contractor agreement” In a statement posted on its website and Facebook page, the university said he had been under the agreement since 2016. “This contractual arrangement predates the Aurora tragedy by nearly a decade and is reflected in written agreements. The existence of that contractual arrangement is a matter of proven record,” the u

Spanish firefighters battle deadly Almeria wildfire

Spanish Military Emergency Unit (UME) firefighters battle a deadly wildfire in Los Gallardos, Almeria province overnight on July 10 and into July 11, 2026. At least 12 people died attempting to flee and 23 were missing, in one of the country's deadliest blazes on record. VIDEO BY REUTERS

Waves pound Keelung harbor as Typhoon 'Bavi' causes minor damage across Taiwan

Typhoon 'Bavi' skirts Taiwan on July 11, 2026, bringing strong winds and rough seas that caused localized disruptions and minor damage across parts of the island. VIDEO BY REUTERS

Coast 4C raises $2.5M to expand seaweed farming network across Southeast Asia

Regenerative seaweed company Coast 4C has secured an oversubscribed $2.5 million seed funding round to expand its network of smallholder seaweed farmers across Southeast Asia as global demand for seaweed continues to grow for food, agriculture, biomaterials and climate-related industries. The company said the investment will be used to improve productivity among smallholder farmers through digital tools, financing, market access and technical support while expanding operations across one of the