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Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
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PhilStar Business
Hot money swings to $4 billion net outflow in H1
Foreign investors pulled more money out of the Philippines than they brought in during the first half as global uncertainty, elevated oil prices and geopolitical risks drove investors toward safer dollar assets.
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ICTSI profit jumps to $590 million in H1
Port giant International Container Terminal Services Inc. sailed past the first half with a $590-million profit, shrugging off shipping disruptions caused by the geopolitical conflict in the Middle East.
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Maharlika to achieve P3.3 billion core profit goal this year
Maharlika Investment Corp. is banking on dividend inflows, interest income and equitized earnings from investees to deliver its P3.3-billion core net income goal for 2026, while eyeing up to P35 billion in capital deployment for investments.
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Manila Water gets ready for El Niño
Manila Water Co. Inc. is looking to boost its backwash recovery system to improve water supply in the coming months in preparation for the upcoming El Niño.
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Maynilad earnings up 14% in 6 months
West Zone concessionaire Maynilad Water Services, Inc. recorded a 14 percent increase in earnings in the first half of 2026, driven by improvements in its water services.
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OceanaGold allots P768 million for mine rehab
Australian-Canadian mining firm OceanaGold Philippines Inc. has allocated more than P700 million for the rehabilitation of its Didipio mine in Nueva Vizcaya.
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PCA, Mitsui set farm trial to boost coconut yield
The Philippine Coconut Authority has signed an agreement with Japan’s Mitsui Group to test nanotechnology for coconut farms, boosting productivity for the country’s largest agricultural export.
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Petron income down to P3.8 billion on high oil prices
Elevated crude oil prices and freight costs triggered by the ongoing Middle East war dragged down Petron Corp.’s earnings in the first six months.
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Philippines, Canada to hold next FTA talks in September
The Philippines and Canada, which are set to hold the next round of free trade agreement talks next month, are on track to conclude negotiations within the year.
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‘Philippines most vulnerable in ASEAN to El Niño’
The Philippines is likely to be the Southeast Asian economy hardest hit by an emerging strong El Niño, with Bank of America (BofA) expecting inflation to average 6.7 percent this year, the highest among major economies in the region.
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Stocks succumb to profit taking
Investors yesterday returned to selling off their shares for quick gains, as they wanted no part in the uncertainties clouding peace negotiations between the United States and Iran.
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Sun Life pays out P2 billion in claims as of end-May
Sun Life of Canada (Philippines) Inc. has released more than P2 billion in claims in the first five months of 2026, as well as P1.4 billion in policy maturities, keeping its commitment to its clients.
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Sweat and tears
Due to time zone differences, many of us have been losing sleep trying to catch the tennis matches of Alex Eala.
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The Yellow Basket Theory: How one book is changing the way Filipinos think about affiliate marketing
Every day, millions of Filipinos scroll through TikTok.
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FixMold Miami Named South Florida's #1 Mold Assessment and Mold Remediation Company After Surpassing 6,500 Annual Mold Assessments and 2,000 Remediation Projects
Backed by the Katz family's three-decade legacy, 1,000+ five-star reviews, and a 100% organic Zero-VOC remediation platform, the family-owned firm now serves Miami-Dade, Broward, Palm Beach, and Monroe Counties across residential, commercial, and marine properties. FixMold combines more than three decades of the Katz family's mold remediation expertise with proprietary technology, eco-friendly solutions, and a proven 12-step process to deliver safe, effective mold removal for homes and businesse
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7th Avenue Opens its First Northern Virginia Showroom at Tysons Corner Center
The Los Angeles-based modern furniture brand brings its modular sofas to the Washington, D.C. metro market, expanding its national partnership with Macerich 7th Avenue Tysons Corner Center Showroom Exterior 7th Avenue’s new 1,215-square-foot showroom at Tysons Corner Center. Opening in August 2026, the location marks the modern furniture brand’s first showroom in Northern Virginia and the greater Washington, D.C. metro area. 7th Avenue Snow White Performance Fabric Spill Test The brand's famous
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Netskope Named a Leader in the Gartner® Magic Quadrant™ for Security Service Edge for 5th Year in a Row
Underscoring its vision and execution, Netskope is again recognized as a Leader in Security Service Edge SANTA CLARA, Calif., Aug. 04, 2026 (GLOBE NEWSWIRE) -- Netskope (NASDAQ: NTSK), a leader in modern security and networking for the cloud and AI era, today announced that Gartner, Inc. has recognized the company for the fifth consecutive year as a Leader in the Gartner Magic Quadrant for Security Service Edge (SSE). Netskope has been named a Leader in every year this report has been published
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Danske Bank A/S, transactions by persons discharging managerial responsibilities
4 August 2026 Notification no. 61/2026 Transactions made by persons obliged to report transactions to the Danish FSA and Nasdaq Copenhagen, cf. the EU Market Abuse Regulation. In connection with the share buy-back program in Danske Bank A/S, APMH Invest A/S continuously sells shares pro rata. For further details, please find the attached templates for notifications and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them. C
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Zscaler Recognized as a Leader in Both the 2026 Gartner® Magic Quadrant™ for SASE Platforms and 2026 Magic Quadrant™ for Security Service Edge
Named a Leader in the Gartner® Magic Quadrant™ for SSE for Five Years in a Row SAN JOSE, Calif., Aug. 04, 2026 (GLOBE NEWSWIRE) -- Zscaler, Inc. (NASDAQ: ZS), the leader in cloud security, today announced it has been recognized by Gartner, Inc. as a Leader in both the 2026 Gartner® Magic Quadrant™ for SASE Platforms and the 2026 Gartner® Magic Quadrant™ for Security Service Edge (SSE). This year marks the fifth consecutive year that Zscaler has been recognized as a Leader in the SSE Magic Quadra
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‘Retail Unplugged': AI personalization, shoppertainment and the state of today’s consumer take center stage as Shoptalk Fall debuts in Nashville
TikTok Shop, Tractor Supply, Anthropic, Amazon, StockX, Ulta Beauty, Kenneth Cole, Anthropologie, Crocs and 150+ other senior leaders discuss AI-driven customer experience, modernized tech and the intersection of commerce, content and community Shoptalk 2026 Shoptalk 2026 NASHVILLE, Tenn., Aug. 04, 2026 (GLOBE NEWSWIRE) -- Shoptalk today announced the full agenda for Shoptalk Fall 2026, featuring the "Retail Unplugged" theme that promises candid conversations, unfiltered perspectives, and action
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Guggenheim Abu Dhabi Appoints Inaugural Museum Director
ABU DHABI, UAE, Aug. 4, 2026 /PRNewswire/ -- The Department of Culture and Tourism - Abu Dhabi today announced the appointment of Dr. Valerie Hillings as the inaugural Director of Guggenheim Abu Dhabi. Guggenheim Abu Dhabi Appoints Inaugural Museum Director Guggenheim Abu Dhabi is a cornerstone of Saadiyat Cultural District, one of the world's greatest concentrations of cultural institutions. Alongside Louvre Abu Dhabi, Zayed National Museum, Natural History Museum Abu Dhabi and teamLab Phenomen
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NLEX downs TNT, stretches streak to 6
MANILA, Philippines — NLEX stretched its perfect winning start at six after holding off TNT, 88-83 in their PBA Season 50 Governors’ Cup match on Wednesday at the Ninoy Aquino Stadium. The Road Warriors led by as many as 17 points, early in the third canto, before the Tropang 5G, which welcomed back big man Brandon Ganuelas-Rosser, came charging back. Rey Nambatac stood at the forefront of TNT’s strong second half fightback after scoring nine of his 13 points in that stretch. B
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Ombudsman junks graft complaint vs. GSIS officials over P1.45-B Alternergy deal
The Office of the Ombudsman has dismissed the criminal complaint against Government Service Insurance System (GSIS) President and General Manager Jose Arnulfo Veloso and six other officials over the state pension fund's P1.45-billion investment in Alternergy Holdings Corp. (AHC), ruling there was no probable cause to charge them with violations of the Anti-Graft and Corrupt Practices Act. In a 27-page resolution dated May 29, 2026, but released only on Tuesday, the Ombudsman's Special Panel of P
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