Philippines Business News

Trump says armed bystander who killed US school shooter a 'great hero'

US President Donald Trump on Friday praised the armed bystander who shot dead a teenage gunman at an Oregon elementary school as a "great hero," saying the situation could have been "much worse." The 16-year-old attacker killed three children and a teacher Thursday at Silver Rail Elementary School in the city of Bend. Another child and teacher were critically wounded. "As bad as it was, we had a great hero that went in and did the business," Trump told journalists, adding: "It's a terrible thing

IOC disbands 12 Olympic committees, shifts to smaller expert advisory groups

LAUSANNE, Switzerland — The International Olympic Committee is shutting down 12 permanent committees focusing on issues like human rights and gender issues, saying Friday it will instead create expert panels when needed. The streamlining and cost-cutting move leaves 19 committees in place. IOC President Kirsty Coventry, who is in her second year in the role, has already relied on appointing smaller working groups for key issues. A review in March of “protection of the female category

Brian Kesseler Named CEO of TekniPlex

Veteran industrial leader and former Tenneco CEO to lead global materials science company. Brian Kesseler, CEO, TekniPlex Brian Kesseler, CEO, TekniPlex Wayne, PA, Oct. 16, 2026 (GLOBE NEWSWIRE) -- TekniPlex, a global leader in materials science serving customers in the healthcare and consumer products markets, announced that its Board of Directors has appointed Brian Kesseler as Chief Executive Officer, effective October 13, 2026. Kesseler succeeds Brenda Chamulak, who has stepped down. Kessele

Crypto News: Remittix Confirms Its Four-Product PayFi Ecosystem Ahead of Launch as Dogecoin Price Prediction Targets $0.50 and Shiba Inu Bulls Chase $0.00005

Remittix brings PayFi, Markets, Wallet and Earn together ahead of the November RTX launch as Dogecoin and Shiba Inu traders target major memecoin recoveries. MAJURO, Marshall Islands, Oct. 16, 2026 (GLOBE NEWSWIRE) -- Remittix has confirmed a connected four-product ecosystem built around PayFi, Remittix Markets, its mobile wallet and the forthcoming Remittix Earn service ahead of the November 24, 2026 RTX launch. The ecosystem gives Remittix several routes to attract users and generate recurring

North Korea tests AI-assisted torpedo system — KCNA

SEOUL — North Korea has tested a "new-type" precision-guided torpedo system that uses artificial intelligence for target detection and guidance, state news agency KCNA reported early Saturday. The underwater test-fire of the "super-speed" Zam-2.0 system took place on Thursday "to confirm the successful technical updating" of the weapon, the Korean Central News Agency said. "AI technology was applied to the target detection and the guidance function of the new-type super-speed precisely gui

Today's Weather, 5 A.M. | Oct. 17, 2026

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DOF, World Bank seek faster project financing

The Department of Finance (DOF) and the World Bank have agreed to work together to speed up the processing of financing for development projects in the Philippines.

Finance veteran Victor Limlingan is new SSS chief

President Marcos has appointed finance and investment veteran Victor Alfonso Limlingan as the new president and chief executive officer of the Social Security System (SSS), with priorities including expanding member loan programs, improving investment returns and relaunching the Pension Booster Program.

Gokongwei, Salazar named Management Persons of the Year

Tycoon Lance Gokongwei and Phinma Corp. president and COO Chito Salazar have been selected as recipients of the prestigious MAP Management Persons of the Year 2026 award.

Index jumps as investors pick up cheap stocks

Bargain-hunting activities continued yesterday, lifting the local stock market for a second straight session.

Rivals by day, partners by night: JAZA on competition and collaboration

While they may be fierce rivals in their respective industries, businesses joining forces when it matters most is what makes being part of an organization like the Makati Business Club (MBC) truly special for tycoon Jaime Augusto Zobel de Ayala.

Interact Software named a Leader in the 2026 Gartner® Magic Quadrant™ for Intranet Packaged Solutions for the fourth consecutive year

Recognition follows the launch of Cue and Conductor, connecting personalized employee experiences with agentic AI for communications, HR and IT teams Interact named a Leader in 2026 Gartner® Magic Quadrant™ Interact Software named a Leader in the 2026 Gartner® Magic Quadrant™ for Intranet Packaged Solutions for the fourth consecutive year. NEW YORK and MANCHESTER, United Kingdom, Oct. 16, 2026 (GLOBE NEWSWIRE) -- Interact Software, an AI-native employee experience and enterprise intranet platfor

AiMOGA to Launch Home Companion Robot Mobo and Open Global Pre-Orders at 2026 Chery International User Summit

WUHU, China, Oct. 16, 2026 (GLOBE NEWSWIRE) -- AiMOGA Robotics, Chery’s robotics brand, will officially showcase Mobo, its first consumer-grade humanoid robot designed for home companionship, and open global pre-orders at the 2026 Chery International User Summit in Wuhu, October 19-23. Under the theme "ECO-TECH FOR OUR FUTURE LIFE” the event will feature AiMOGA’s wider robot portfolio and illustrate how Chery is extending automotive engineering, manufacturing and supply-chain expertise into embo

Christie's International Real Estate New York Welcomes Nicole Palermo

Manhattan townhouse specialist joins the firm with more than $700 million in career sales and a focus on luxury properties above $10 million NEW YORK, Oct. 16, 2026 (GLOBE NEWSWIRE) -- Christie's International Real Estate New York, a New York City-based top-ten residential brokerage, announced that Nicole Palermo has joined the firm from SERHANT. Palermo has closed more than $700 million in Manhattan townhouse, condo, co-op, and new development sales over her more than 13 years in the business.

Monk Named Best AR Automation Software of 2026

The AI-native accounts receivable platform took the top position in a new comparison of the best AR automation software of 2026, which ranked ten platforms on collections automation, cash application accuracy, ERP and CRM integrations, AP portal coverage, implementation time and DSO reporting. New York, NY, Oct. 16, 2026 (GLOBE NEWSWIRE) -- Monk, a leading AR automation software platform, announced today that it has been named the best AR automation software of 2026 by Tech Funding News in its a

Janney Opens Houston Office with Four Financial Advisors as Firm Continues Growth in Texas

The additions establish a significant new presence for Janney in a key market. PHILADELPHIA, Oct. 16, 2026 (GLOBE NEWSWIRE) -- Janney Montgomery Scott LLC has expanded its presence in Texas with the opening of a new office in Houston and the addition of four Financial Advisors collectively managing nearly $3.5 billion in client assets. The additions bring highly experienced wealth management practices to Janney and build on the firm’s continued recruiting momentum in an important growth market.

DKG TranXact Announces Institutional Pilot Readiness Ahead of Hong Kong and Singapore FinTech Events

Company to attend Hong Kong FinTech Week x StartmeupHK 2026 and Singapore FinTech Festival 2026, inviting financial institutions to evaluate its capital markets operations platform. TORONTO, Oct. 16, 2026 /PRNewswire/ -- DKG TranXact today announced that it is ready to begin structured institutional pilots of its capital markets operations platform. The company is inviting banks, asset managers, broker-dealers and other financial institutions to evaluate TranXact against defined operational work

CLASSIC FUSION TRIBUTO: A GOLDEN RETURN TO THE 1980 ORIGIN

MILAN, Oct. 16, 2026 /PRNewswire/ -- Forty-six years later, Hublot pays tribute to the watch that built Hublot with the Classic Fusion Tributo in yellow or white gold. This is not merely a reinterpretation, but a return to the origin crafted with all the expertise the Manufacture has acquired and integrated since its creation in 1980. Gold and rubber, black and contrast: the same defining codes of the original watch are now elevated through 46 years of watchmaking expertise in movements, finishi

2026 World Vocational and Technical Education Development Conference kicks off in Tianjin

TIANJIN, China, Oct. 16, 2026 /PRNewswire/ -- A report from GLOBAL TIMES: The 2026 World Vocational and Technical Education Development Conference opened in North China's Tianjin Municipality on Friday and is being attended by guests from government officials, diplomatic envoys, and personnel from international organizations and educational institutes from all round the world. Under the theme "TVET (Technical and Vocational Education and Training): Co-Embracing Change, Co- Forging Standards, Co-

CELEBRATING EXCELLENCE AT THE 2026 HKMA QUALITY AWARD DINNER

PROF AYESHA MACPHERSON LAU BBS JP, CHAIRMAN OF THE MANDATORY PROVIDENT FUND SCHEMES AUTHORITY AND EMPF PLATFORM COMPANY LIMITED, SERVED AS GUEST OF HONOUR HONG KONG, Oct. 16, 2026 /PRNewswire/ -- Introduced by The Hong Kong Management Association (HKMA) in 1991, the HKMA annual Quality Award aims to give recognition to companies in Hong Kong which have made a lasting commitment to quality management and also to provide an opportunity for companies to share with one another their best practices.