Philippines Business News

U.S. expects Strait of Hormuz deal soon as Sunni powers sign defense pact

Canceled, postponed and now suddenly urgent

There is a unique humility in having engagements canceled by a finance department rather than public opinion.

Debt-to-GDP ratio hits 22-year high in June

The share of national government debt to gross domestic product (GDP) breached a 22-year high of 66 percent as of end-June, raising concerns that weak growth and sluggish investment could complicate efforts to pare down the country’s debt stock.

DMCI Holdings profit climbs 26 percent in 1st half

Record-high contribution from nickel mining and significantly narrower losses from the cement business bolstered first-half earnings of the Consunji family’s DMCI Holdings Inc.

Dollar reserves slip to 18-month low

The country’s dollar reserves fell to their lowest level in 18 months as the Bangko Sentral ng Pilipinas (BSP)’s foreign exchange operations and government withdrawals outweighed gains from higher gold valuations.

GDP slows to 2.3 percent, weakest in 5 years

The Philippine economy grew at its slowest pace in five years to 2.3 percent in the second quarter as the Middle East conflict kept household consumption subdued while an infrastructure scandal curbed investments and public construction, the Philippine Statistics Authority (PSA) said.

Institutional neutrality

The public’s trust in the election process relies, whether we like or not, on the perception that the process is fair.

PSEi advances as investors shrug off weak Q2 GDP

The local stock market managed to finish in the positive territory despite the country’s disappointing economic growth in the second quarter.

SMX visitor traffic hits 4.3 million in six months

SMX Convention Centers, the conferences and exhibitions arm of SM Prime Holdings Inc., saw a double-digit jump in visitor traffic in the first half amid robust demand for business events.

URC delivers strong Q2 performance

Gokongwei-led food and beverage company Universal Robina Corp. (URC) delivered a strong second quarter performance, with core net income attributable to parent rising by 10 percent to P2.9 billion on the back of disciplined financing cost management and better sales.

CREDIT AGRICOLE SA: Availability of the 2026 interim financial report

Press release Montrouge, August 7th, 2026 Availability of the 2026 interim financial report Crédit Agricole S.A. informs the public that the Amendment A02 to the 2025 Universal Registration Document has been filed with the French Financial Markets Authority (AMF) on August 7th, 2026, under number D.26-0155-A02. This document is made available to the public, in accordance with the conditions provided for by the regulations and may be consulted in the "URD and Amendments” section of the Company’s

Quality, safety and sustainability: the three key factors in the berry supply chain

Berry Swing’s survey on consumer perceptions highlights that responsibility is the competitive advantage of European berries: 90% of respondents associate them with quality and reliability. FERRARA, Italy, Aug. 07, 2026 (GLOBE NEWSWIRE) -- The ability of supply chain operators to offer safe, sustainable and high-quality products is the key factor on which value creation in the berry supply chain now depends. This is the finding of a recent study conducted by the European Berry Swing Project on a

Sentosa GrillFest 2026 Returns with Its Largest Line-Up Yet: 42 Food Vendors, First-Ever Omakase-Inspired Beachfront Dining and Returning Crowd Favourites

Debut of Chef's Grill, an air-conditioned omakase-inspired eight-course dining experience co-curated with the Singapore Chefs' Association Longstanding fan favourites Craft' B, Slurp Your Oysters, Jett BBQ and DAMN return alongside 18 new vendors across five zonesMarketplace by Indoguna and Sunset Lounge by Asahi introduces premium grilling, golden hour gatherings and new ways to experience the beachfrontBeach-front seating and increased sheltered capacity, new ways to settle in and enjoy the fe

ADW Capital Management Sends Letter to Driven Brands Board and Controlling Shareholder Roark Capital Demanding Immediate Public Sale Process for Driven Brands

Calls on Company to Launch Public Strategic Review Process Exploring Sale of Company as a Whole or in Segments Urges Board to Announce Establishment of Independent Special Committee to Run Process and Engagement of Independent Financial Advisor Encourages Minority Shareholders to Make Their Voices Heard and Demand that Board Take Immediate Action MIAMI BEACH, Fla., Aug. 07, 2026 (GLOBE NEWSWIRE) -- ADW Capital Management, LLC, which beneficially owns approximately 4.8% of the Common Stock of Dri

Ninepoint Partners Announces First Semi-Monthly Distribution for its HighShares ETFs and CoreShares ETF

TORONTO, Aug. 07, 2026 (GLOBE NEWSWIRE) -- Ninepoint Partners LP ("Ninepoint Partners”) today announced the first semi-monthly cash distribution for its suite of Ninepoint HighShares ETFs and Ninepoint CoreShares ETF, following the transition to twice-monthly distributions previously announced on July 21, 2026. The record date for this distribution is August 14, 2026. All distributions are payable on August 20, 2026. Going forward, Ninepoint Partners intends to announce both semi-monthly distrib

General Holdings Launches GH Insights, an Institutional Essay Platform Examining Capital and Global Markets

General Holdings General Holdings DUBAI, United Arab Emirates, Aug. 07, 2026 (GLOBE NEWSWIRE) -- General Holdings Limited today announced the public launch of GH Insights, a long-form institutional essay platform examining the intersection of capital, geography, and sovereign structure, following an initial series of essays published from the Dubai International Financial Centre (DIFC). The platform offers original analysis for executives, investors, policymakers, and business leaders navigating

B2Gold Granted Fekola Regional Exploitation Permit by the State of Mali

VANCOUVER, British Columbia, Aug. 07, 2026 (GLOBE NEWSWIRE) -- B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) ("B2Gold” or the "Company”) is pleased to announce that the State of Mali has granted the Menankoto exploitation permit to B2Gold’s Malian subsidiary (the "Menankoto Exploitation Permit”). The Menankoto Exploitation Permit together with the Dandoko exploration permit make up Fekola Regional, which is a key near-term production growth driver for B2Gold. The issuance of the Menankot

red violet Announces Closing of $115 Million Underwritten Public Offering of Common Stock, Including Full Exercise of Underwriters’ Option

BOCA RATON, Fla., Aug. 07, 2026 (GLOBE NEWSWIRE) -- Red Violet, Inc. (NASDAQ: RDVT) ("red violet”), a leading analytics and information solutions provider, announced today the closing of its underwritten public offering of 1,916,667 shares of its common stock, including 250,000 shares of common stock sold pursuant to the exercise in full by the underwriters of their option. red violet estimates net proceeds from the Offering to be approximately $108.6 million, after deducting underwriting discou

Bending Spoons to announce Q2 2026 results

MILAN, Italy, Aug. 07, 2026 (GLOBE NEWSWIRE) -- Bending Spoons S.p.A. (Nasdaq: BSP) today announced it will release financial results for Q2 2026 on August 13, 2026, before the U.S. market opens. On the same day, Bending Spoons will host a conference call and webcast at 8:00 am ET (5:00 am PT) to discuss the results. The webcast will be accessible at investors.bendingspoons.com, and following the call, a replay will be available at the same website. About Bending Spoons Bending Spoons is built o

Rokid Launches Thousand Creator Program and Updates its U.S. AI Ecosystem

Rokid's Happy Hour Event in Mountain View Rokid launched its global AI agent development platform, AIUI MOUNTAIN VIEW, CALIFORNIA, Aug. 07, 2026 (GLOBE NEWSWIRE) -- Rokid, a global pioneer in AI-powered smart eyewear and human-computer interaction, today announced its Thousand Creator Program at its Happy Hour event. Under this program, Rokid will be providing 1,000 Ai Glasses Style Packs at complimentary or exclusive creator pricing to creators of all stages. All Creators are Invited to Share T

FMS 2026 | Longsys Chief Scientist Jian Chen Highlights the Storage Foundry Model for Edge AI

SAN JOSE, Calif., Aug. 7, 2026 /PRNewswire/ -- At FMS 2026 on August 5, Longsys (301308.SZ) Chief Scientist Dr. Jian Chen delivered a keynote speech titled "Intelligence at the Edge: Powered by the Storage Foundry Model," addressing the new storage demands created as AI shifts from the cloud to the edge. Intelligence at the Edge: Powered by the Storage Foundry Model During the keynote, Dr. Chen introduced Longsys' Storage Foundry Model and presented three edge AI storage innovations - HLCache™,

NutriPQQ® Publishes New PQQ Sourcing Guide for Supplement Brands and Manufacturers

The new B2B resource helps procurement, formulation, and quality teams evaluate PQQ production methods, ingredient identity, testing, stability, packaging, and supply continuity. Key Highlights Provides a practical framework for comparing PQQ suppliers beyond quoted price and assay percentage.Covers production method, ingredient identity, analytical testing, batch consistency, formulation characteristics, packaging, storage, and supply continuity.Supports procurement, quality, R&D, regulatory, a

Wizstar Launches Seedance 2.5 and MiniMax H3, Further Expanding Its AI Video Capabilities

NEW YORK, Aug. 7, 2026 /PRNewswire/ -- Wizstar, an enterprise AI content creation platform, announced the launch of Seedance 2.5 and MiniMax H3, further expanding its AI video capabilities and providing creators and enterprises with more powerful options for high-quality video production. Wizstar Launches Seedance 2.5 and MiniMax H3 As an all-in-one AI content creation platform, Wizstar continues to integrate industry-leading AI models and technologies into a unified workflow that combines AI vi

Angelica Lopez crowned Reina Filipinas Grand International 2026

MANILA, Philippines — Angelica Lopez of Palawan was crowned Reina Filipinas Grand International 2026 on Friday night, earning the right to represent the Philippines at the Miss Grand International 2026 pageant. Lopez emerged victorious over 20 other candidates during the inaugural Reina Filipinas grand coronation night at the Newport Performing Arts Theater, succeeding Emma Mary Tiglao as the country's representative to the international competition. Rounding out the finalists were Cleopat