Philippines Business News

PH urged to anchor South China Sea code of conduct on 2016 arbitral ruling

MANILA, Philippines — The Philippines should use its chairmanship of the Association of Southeast Asian Nations (Asean) in 2026 to push for a legally binding South China Sea Code of Conduct (COC) anchored on the 2016 arbitral ruling, instead of allowing the landmark decision to become a subject of negotiation, Stratbase Institute President Victor Andres Manhit said as the country marks the 10th anniversary of the landmark ruling on July 12. Manhit said any future COC must reinforce, rather

Rethinking Urban Development: Vietnamese Developers Shaping Future Cities

HO CHI MINH CITY, VIETNAM - Media OutReach Newswire - 11 July 2026 - As global urban challenges evolve, Vietnamese Developers offer valuable insights into alternative development models. Vinhomes' strategic response is crystallized in its ESG For much of the past century, urban development followed a relatively straightforward equation: build housing, expand infrastructure and accommodate population growth. This formula is now showing its limitations. As climate risk intensifies, biodiversity de

Ukraine's Y-Park Gains Global Recognition as First Dedicated Legal AI Innovation Hub

KHARKIV, Ukraine, July 11, 2026 (GLOBE NEWSWIRE) -- Y-Park, a science and technology park at Yaroslav the Wise National Law University, has officially launched as continental Europe's first dedicated LegalTech and AI innovation hub. The initiative combines the digitization of 25,000 rare legal volumes with development of AI-powered legal infrastructure, positioning Ukraine to capture opportunity in the global $27.6 billion LegalTech market, projected to reach $35.6 billion by 2027. The hub is di

Data Center Youngbloods Expands Global Talent Pipeline as Demand for Digital Infrastructure Accelerates

NEW YORK, July 11, 2026 (GLOBE NEWSWIRE) -- Data Center Youngbloods (DCYB) announced an expansion of its global talent pipeline and community programming designed to connect emerging professionals with career pathways across the digital infrastructure sector. Data Center Youngbloods, operating under the acronym DCYB, described the initiative as a deliberate response to increasing demand for personnel to plan, build, operate, and maintain new digital infrastructure projects worldwide. The expansi

Mayon logs highest sulfur dioxide emissions in 16 years

LEGAZPI CITY – The Philippine Institute of Volcanology and Seismology (Phivolcs) has reported a significant increase in sulfur dioxide (SO₂) emissions from Mayon Volcano, reaching the highest level recorded in the past 16 years, signaling intensified volcanic activity despite a decline in lava effusion. In an advisory issued Friday night, the agency said campaign spectrometry measurements showed SO₂ emissions averaged 4,569 tonnes per day on July 9, 2026 before surging to 7,475 tonnes per

Philippine Airlines cancels several international flights due to 'Inday'

MANILA, Philippines — Philippine Airlines (PAL) grounded several of its international flights as Typhoon "Inday" (Bavi) churned through the western Philippine Sea and out of the country on Saturday, the Civil Aviation Authority of the Philippines (CAAP) said. CAAP sai PAL canceled 18 flights across several routes: PR336/PR337 Manila-Shanghai (Pudong)-Manila PR890/PR891 Manila-Taipei-Manila PR896/PR897 Manila-Taipei-Manila PR462/PR463 Manila-Busan-Manila PR438/PR437 Manila-Nagoya-Manila PR4

Typhoon-enhanced monsoon affects over 112,000 families, leaves 17 dead — OCD

MANILA, Philippines — At least 17 people were reported to have died, and more than 112,000 families were affected across the country due to the southwest monsoon enhanced by Typhoon "Inday," the Office of Civil Defense (OCD) said on Saturday. OCD Deputy Administrator Assistant Secretary Bernardo Rafaelito Alejandro IV said 112,500 families, or about 514,700 individuals from 404 villages (barangay), have been affected by the weather disturbance. Of the total, around 2,900 families, equivale

Trump threatens Iran after Ayatollah Ali Khamenei's funeral saw open calls for his killing

DUBAI, United Arab Emirates — US President Donald Trump threatened Iran on Saturday after the funeral of Supreme Leader Ayatollah Ali Khamenei saw open calls for his killing, further underlining the tensions gripping the Mideast as an interim deal to end the war buckles under repeated crossfire in the region. Trump made the comments on his Truth Social after senior US officials demanded that Iran make a public statement saying the Strait of Hormuz is open and that ships crossing the vital

Mikel Merino stars again as Spain edges Belgium 2-1 in the World Cup quarterfinals

INGLEWOOD, California — Mikel Merino is Spain's World Cup hero once again, and even he finds it hard to believe. A mere four days after Merino scored a clutch goal as a substitute in injury time to beat Portugal, he found himself in the right spot again in the quarterfinals when Belgium's backup goalkeeper spilled the ball into his path. Merino booted it home in the 88th minute, sending Spain to a 2-1 victory Friday and into a titanic semifinal showdown with tournament favorite France. &ld

Platner formally withdraws from Maine Senate race and Democrats announce process to name new nominee

PORTLAND, Maine — Graham Platner on Friday submitted his paperwork to formally withdraw from Maine’s US Senate race, officially ending an upstart yet troubled campaign whose dissolution threatens Democrats’ pursuit of chamber control. The Maine Democratic Party announced later Friday that it will hold a nominating convention on July 25 to choose Platner's replacement for the November ballot. Platner’s paperwork was received by the Maine secretary of state's office Friday

PrimeBOT Brings Personal Robotics to the UN's AI for Good Summit in Geneva

GENEVA, July 11, 2026 /PRNewswire/ -- PrimeBOT, a robotics brand, appeared at the United Nations' AI for Good Global Summit. The summit, organized by the International Telecommunication Union (ITU) with over 50 UN agencies including UNESCO, explores how AI can serve human welfare. PrimeBOT defines a new category: the Personal Robot - robots designed for homes and daily life, not production lines, that anyone can own, program, and create with. PrimeBOT came not to showcase technical specs, but to

Pepeto Passes $10.4 Million While the BNB Price Prediction Target $2,000 As Best Crypto To Buy

DUBAI, United Arab Emirates, July 10, 2026 (GLOBE NEWSWIRE) -- Crypto presale Pepeto moved past $10.431 million, and traction like that in a red market raises one question. Why would anyone enter a presale in conditions like these? Because the largest returns come from buying tokens before they reach exchanges during down markets, the exact strategy smart money has repeated every single cycle. The reason Pepeto and the BNB price prediction share this article is the exchange token parallel. Pepet

Holtec Nuclear Corporation Announces Public Filing of Registration Statement for Proposed Initial Public Offering

CAMDEN, N.J., July 10, 2026 (GLOBE NEWSWIRE) -- Holtec Nuclear Corporation ("Holtec” or the "Company”) today announced that it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the "SEC”) relating to the proposed initial public offering of its Class A common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The proposed offering is subject to market and other conditions, an

FOBI AI Inc. Announces Revocation of Failure to File Cease Trade Order

Vancouver, BC, July 10, 2026 (GLOBE NEWSWIRE) -- FOBI AI Inc. (FOBI:TSXV) (Pink:FOBIF) ("Fobi” or the "Company”), a company that harnesses AI and data intelligence to enable digital transformation, is pleased to announce that the British Columbia Securities Commission, as principal regulator of the Company, has issued a full revocation (the "Revocation”) of the failure-to-file cease trade order previously issued against the Company on November 1, 2024 (the "FFCTO”). The FFCTO was issued against

Canadian Red Cross opens appeal to support people impacted by flooding in Manitoba

WINNIPEG, Manitoba, July 10, 2026 (GLOBE NEWSWIRE) -- The Canadian Red Cross has launched the 2026 Manitoba Floods Appeal to provide support for those impacted by flooding in Manitoba. Donations to the Canadian Red Cross will be used to provide assistance to those impacted by the flooding in Manitoba with immediate and ongoing relief, recovery, and resilience efforts in response to the floods, as well as community preparedness and risk reduction for future all-hazard disaster events within Manit

General Shopping Announces Settlement Results of Exchange Offer; No Valid Tenders Received

São Paulo, Brazil, July 10, 2026 (GLOBE NEWSWIRE) -- General Shopping e Outlets do Brasil S.A. (the "Company”) (B3: GSHP3) today announced the settlement results of the exchange offer (the "Exchange Offer”) by its subsidiary General Shopping Investments Limited ("GS Investments” or the "Issuer”), a Cayman Islands exempted company, in respect of any and all of the Issuer’s outstanding 10%/12% Regulation S Senior Secured PIK Toggle Notes due 2026 (CUSIP No. G3812T AB7; ISIN No. USG3812TAB73) (the

Today's Weather, 5 A.M. | Jul. 11, 2026

Parasite causing 'explosive diarrhea' sickening Americans

NEW YORK, United States — Americans across dozens of states have fallen victim to a microscopic foodborne parasite that can cause "explosive diarrhea," US health authorities said. The Midwestern state of Michigan has been at the center of the cyclosporiasis outbreak, with state authorities reporting 1,562 cases as of Friday. The US Centers for Disease Control and Prevention said that as of Thursday 31 states had reported cases of the gastrointestinal illness, with dozens of hospitalization

Burtech Acquisition Corp II Announces the Separate Trading of its Class A Ordinary Shares and Warrants Commencing July 14, 2026

NEW YORK, July 10, 2026 (GLOBE NEWSWIRE) -- Burtech Acquisition Corp II (the "Company”), a special purpose acquisition company formed as a Cayman Islands exempted company, today announced that commencing July 14, 2026, holders of the units sold in the Company’s initial public offering completed on May 21, 2026, may elect to separately trade the Class A ordinary shares of the Company and the warrants included in such units on the Nasdaq Global Market tier of The Nasdaq Stock Market LLC ("Nasdaq”)

Taylor Swift paid $160,000 for New York wedding permit

NEW YORK, United States — Taylor Swift paid $160,000 for a New York City permit to hold her blockbuster wedding with NFL star Travis Kelce at Madison Square Garden this month, Mayor Zohran Mamdani said Friday. Mamdani told reporters that the billionaire pop singer covered the bill for this month's star-studded extravaganza, when asked if Swift would pay back the city for police overtime related to the ceremony. "Taylor Swift has paid already the cost of the permit that was lodged, which wa

Apple sues OpenAI for trade secrets violations

SAN FRANCISCO, United States — Apple on Friday sued OpenAI, accusing the AI company of orchestrating a campaign to steal the iPhone maker's trade secrets as it tries to develop its own consumer hardware device. The lawsuit, filed in a federal court in California, paints a picture of an aggressive effort by OpenAI to poach Apple employees and extract confidential information to build its own device. "At every level, from members of its Technical Staff to its Chief Hardware Officer, and in c

Solar-powered tricycles help Cubans navigate fuel shortages and blackouts

HAVANA — Cuba’s iconic vintage cars have all but disappeared and in their place, small electric tricycles — most of them made in China — have become the primary means of transportation for hundreds of thousands of Cubans grappling with a prolonged fuel crisis. These are no ordinary electric tricycles — many Cubans have outfitted them with solar panels, allowing the vehicles to recharge without relying on the island nation's strained power grid. The three-wheelers ar

Shockwave Centers of America Provides Mark V Rolling Cart for Shockwave Therapy Equipment Mobility

MARIETTA, GA, July 10, 2026 (GLOBE NEWSWIRE) -- MARIETTA, GA - July 10, 2026 - Shockwave Centers of America provides the Mark V Rolling Cart to support mobility of shockwave therapy systems in clinical settings. The Mark V Rolling Cart enables practitioners to move, treat and operate equipment seamlessly across different rooms with minimal disruption. This facilitates delivery of non-invasive shockwave therapy for patients experiencing chronic pain and musculoskeletal conditions. The company mai

Picton Mahoney Asset Management Appoints New Sub-Advisor for PICTON Market Neutral Equity Alternative Fund and PICTON Multi-Strategy Alpha Alternative Fund

Not for Distribution to U.S. Newswire Services or for Dissemination in the United States of America. TORONTO, July 10, 2026 (GLOBE NEWSWIRE) -- Picton Mahoney Asset Management ("PICTON Investments”) today announced that SMA Capital LLC ("SMA Capital”) has been appointed as sub-advisor for the PICTON Market Neutral Equity Alternative Fund and the PICTON Multi-Strategy Alpha Alternative Fund (collectively, the "Funds”), effective July 10, 2026. SMA Capital is an alternative asset management firm t