Philippines Business News

Seaspan Becomes First International Ship Owner and Operator to Access China's Panda Bond Market

SINGAPORE, Aug. 7, 2026 /PRNewswire/ -- Seaspan Corporation Pte. Ltd. ("Seaspan"), a leading independent maritime asset owner and operator, is pleased to announce the successful issuance of a RMB 1.5 billion Panda Bond in China's domestic bond market. The three-year private placement note was issued on July 15, 2026, with a coupon rate of 2.50% per annum. The offering was oversubscribed by Chinese onshore and international investors with a book coverage ratio of 2.3 times. The transaction is a s

Early Warning Report Filed by Matachewan Consolidated Mines, Limited

TORONTO, Aug. 06, 2026 (GLOBE NEWSWIRE) -- Matachewan Consolidated Mines, Limited (TSXV: MCM-A) ("Matachewan”), an Ontario corporation, triggered certain reporting thresholds in McChip Resources Inc. (the "Issuer”) that require the filing of an early warning report under National Instrument 62- 103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. On August 6, 2026, Matachewan acquired 1,149,300 common shares of the Issuer (the "CommonShares”) in a private transa

AGF Reports July 2026 Assets Under Management and Fee-Earning Assets

TORONTO, Aug. 06, 2026 (GLOBE NEWSWIRE) -- AGF Management Limited reported total assets under management (AUM) and fee-earning assets of $75.1 billion as at July 31, 2026. AUM ($ billions) July 31, 2026 June 30, 2026 % Change Month- Over-Month July 31, 2025 % Change Year-Over- Year Total Mutual Fund$37.3 $39.0 $32.7 Exchange-traded funds + Separately managed accounts$5.8 $5.3 $3.2 Segregated accounts and Sub-advisory$6.4 $6.7 $6.7 AGF Private Wealth$9.8 $9.9 $8.8 Subtotal (before AGF Capital Par

Maxim Power Corp. Announces 2026 Second Quarter Financial and Operating Results

CALGARY, Alberta, Aug. 06, 2026 (GLOBE NEWSWIRE) -- Maxim Power Corp. ("MAXIM" or the "Corporation") (TSX: MXG) announced today the release of financial and operating results for the second quarter ended June 30, 2026. The unaudited condensed consolidated interim financial statements, accompanying notes and Management’s Discussion and Analysis ("MD&A”) will be available on SEDAR+ and on MAXIM's website on August 6, 2026. All figures reported herein are Canadian dollars unless otherwise stated. F

Grupo Aeroportuario Del Pacifico Announces Changes to Its Management Team

GUADALAJARA, Mexico, Aug. 06, 2026 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) ("the Company” or "GAP”) announces that Alejandra Soto will step down from her position as Investor Relations and Social Responsibility Officer, effective August 7, 2026. GAP thanks Alejandra for her commitment, professionalism and significant contributions throughout her more than 18-year career with the Company and wishes her every success in her future endeavors. As a

Philippine farm output growth slows in Q2

THE PHILIPPINES’ agricultural sector posted slower growth of 2.9% in the second quarter, down from 6% a year earlier, despite improved output across all subsectors, the Philippine Statistics Authority (PSA) said.

Jobless rate hits 3-month high in June as more Filipinos join workforce

PHILIPPINE jobless rate hit a three-month high in June, signaling weaker labor market conditions that could weigh on household spending and complicate the government’s efforts to sustain economic growth. The unemployment rate rose to 4.9% from 3.7% a year earlier, with 2.59 million Filipinos out of work, the Philippine Statistics Authority (PSA) reported on Thursday. […]

More BSP rate hikes likely on sticky core inflation

HEADLINE INFLATION may have peaked but core inflation still shows signs of persistent underlying pressures, which could keep the Bangko Sentral ng Pilipinas (BSP) on its tightening path, analysts said.

MTRCB does not support ban on violent movies, TV

IN LIGHT of suggestions to ban violent movies and television shows because of several recent incidents involving minors, the Movie and Television Review and Classification Board (MTRCB) has said that it does not support that option. Instead, it is encouraging increased supervision of children by their parents and schools. The MTRCB “believes that banning movies […]

Navotas music festival shines a light on new hub

IT HAS BEEN the dream of homegrown entrepreneurs of Navotas for their city to be known for something more than their fish ports — and a music festival to be held at their commercial hub is set to kick that off. Under the banner of OPM, prominent artists like Cup of Joe, Maki, Mayonnaise, and […]

Chinabank’s net income climbs 11% to P14.5 billion in first half

CHINA BANKING CORP.’S (Chinabank) net income climbed 11% to P14.5 billion in the first six months of the year, backed by strong loan growth. “Bottom-line expansion was driven by the surge in core lending, strong balance sheet growth, and the optimization of risk cushions given the health of the bank’s loan book,” the bank said […]

PDIC eyes return of P107-B remittance to augment its deposit insurance fund

THE PHILIPPINE Deposit Insurance Corp. (PDIC) is working to recover the P107.23 billion in funds it remitted to the government in 2025 under a special provision under the 2024 budget that was already struck down by the Supreme Court to expand its deposit insurance fund. “We’re working with the pertinent agencies to try to recover […]

BSP wants banks to use National ID authentication in KYC processes

THE BANGKO SENTRAL ng Pilipinas (BSP) wants its supervised financial institutions to integrate the National ID Authentication Services (NIDAS) into their customer due diligence (CDD) protocols. According to a draft memorandum, the regulator plans to require banks and other BSP-supervised institutions (BSIs) to use the Philippine Statistics Authority’s (PSA) NIDAS for verifying clients to enhance […]

Peso weakens before Q2 GDP data

THE PESO weakened anew against the dollar on Thursday as sentiment turned cautious before the release of second-quarter Philippine gross domestic product (GDP) and US labor data. The currency dropped by 6.4 centavos to close at P60.815 versus the greenback from its P60.751 finish on Wednesday, data from the Bankers Association of the Philippines’ website […]

Trump orders leak probe over reports on depleted munitions, WSJ reports

EastWest Bank partners with Luna, DragonFi to expand PERA access

EAST WEST Banking Corp. (EastWest Bank) has partnered with DragonFi Securities, Inc. and Luna Securities, Inc. to expand access to its Personal Equity and Retirement Account (PERA) products. Under the partnership, customers of DragonFi Securities and Luna Securities can access EastWest PERA products directly via their digital channels. EastWest PERA products are available to both […]

The Pax Silica gamble

The Pax Silica debate has rapidly become one of the most divisive conversations in the country. Supporters view it as a rare chance for the Philippines to enter the global race for artificial intelligence (AI), semiconductors and advanced manufacturing. Critics warn of foreign influence, environmental costs, resource depletion and the prospect of the country once […]

Banks, e-wallets to be required to link to national ID, says BSP

The Bangko Sentral ng Pilipinas is proposing to require banks, digital lenders and other regulated financial institutions to connect their customer verification systems to the government’s National ID database.

Chinabank profit rises 11% to P14.5 billion in H1

China Banking Corp. booked an 11-percent increase in net income in the first half as robust lending activity, a wider interest margin and continued balance sheet expansion strengthened its core banking operations.

Doing it the Gokong-way: RLC execs build on the Gokongwei legacy

They are no Gokongweis, but they are leading property giant Robinsons Land Corp. the Gokong-way.

Farm sector posts 2.9% growth in Q2

The country’s agricultural output grew by 2.9 percent in the second quarter, driven by broader gains from the crops, livestock, poultry and fisheries sectors, according to the Philippine Statistics Authority.

Further rate tightening seen as inflation stays elevated

Inflation is expected to remain elevated in the coming months despite easing for a third straight month in July, keeping pressure on the Bangko Sentral ng Pilipinas (BSP) to further raise interest rates, economists said.

Hotel101-Madrid gears up for higher occupancy levels

DoubleDragon Corp. is gearing up for an even higher occupancy level at its first operational international property in the coming months after reaching a new milestone.

Is ERC up to the job?

The incompetence of our government in regulating the power industry is a significant cause of our woes. While the current leadership of the Energy Regulatory Commission (ERC) has been trying hard to clean up the inherited mess, sins of the past will hurt us for some time.