Philippines Business News

SC asked to reconsider vessel monitoring ruling

THE Bureau of Fisheries and Aquatic Resources (BFAR) said on Monday that it will ask the Supreme Court (SC) to reconsider its vessel monitoring system ruling, which the court had declared unconstitutional. The BFAR said it is “confident a review will uphold the BFAR, a technical and specialized agency duty-bound to carry out its mandate […]

BCDA ready for Senate Pax Silica inquiry

THE Bases Conversion and Development Authority (BCDA) said it is open to answering questions in a Senate inquiry into the artificial intelligence (AI)-native hub to be built in Tarlac under the US-led Pax Silica initiative. “The BCDA welcomes the Senate’s oversight and stands ready to provide the facts needed for a fair and transparent discussion,” […]

IPOPHL seeking to raise IP rights awareness among students

THE Intellectual Property Office of the Philippines (IPOPHL) said it wants to collaborate with the Department of Education (DepEd) and Commission on Higher Education (CHED) to increase student awareness of intellectual property (IP) rights. “We’re looking forward to sitting down with DepEd and CHED to see how we could be able to increase the understanding […]

STT GDC investment expected to support domestic supply chains, elevate job quality

THE Department of Trade and Industry (DTI) said investment by Singapore data center company ST Telemedia Global Data Centres (STT GDC) is expected to support domestic supply chains and create high-paying technical jobs. “Beyond building essential digital infrastructure, STT GDC’s expansion — strengthened by its local partnership with Ayala Corp. and Globe — directly stimulates […]

AF Precision Components, Inc. registers as PEZA logistics firm

THE Philippine Economic Zone Authority (PEZA) said it approved AF Precision Components, Inc.’s (APCI) registration as an ecozone logistics service enterprise. In a social media post on Monday, PEZA formalized its registration agreement with APCI, which will operate within the Cavite Economic Zone. The facility has an estimated project cost of P7.65 million, and is […]

BoC July collections hit record P95.85 billion

THE Bureau of Customs (BoC) said July collections hit a record posted P95.85 billion, exceeding its target by 4.7%. In a statement on Monday, the BoC said the July haul was also 12.5% higher than the P85.18 billion collected a year earlier. This brought collections in the seven months to July to a record P587.71 […]

Making enhanced deductions regime work for registered business enterprises

In investment decisions, tax incentives should not be treated as an afterthought. They influence pricing, capital allocation, financing assumptions, workforce planning, supply chain strategy, and ultimately, the expected return on a registered project. For registered business enterprises (RBEs), the Enhanced Deductions Regime (EDR) under the CREATE MORE Act is therefore more than a compliance provision. […]

World Bank sees promise in Pax Silica. Can PH build more than another assembly hub?

Pax Silica wants to become the Philippines’ Silicon Valley, but tycoon Manny Pangilinan warns the government to choose its place in the technology value chain carefully lest it remain stuck in the 'basement'

Fuel prices to roll back after 2 weeks of increases

Pump prices dip, but LPG and fare tensions rise.

Warsh’s policy framework creates investor uncertainty, Citadel Securities says

'Legal snatching': Labor groups ask court to lift halt order on NCR wage hike

The halt order kept the daily minimum wage at P695 instead of P755.

Flood control corruption cleanup spooks investors, drags PH growth – World Bank

Scrutiny triggered by corruption in flood control projects spoils investor confidence and is a key factor why the World Bank cut its 2026 Philippine growth forecast to 3.7% from 5.3%

MediSun Energy and JA Sign Ecosystem MoU at DRT SHOW Chengdu to Build Zero-Carbon Water Systems for Island and Coastal Environments

CHENGDU, China, Aug. 3, 2026 /PRNewswire/ -- MediSun Planet Pte Ltd ("MediSun Energy"), a leader in integrated water technology, signed an Ecosystem Partnership Memorandum of Understanding (MoU) today with JA at the DRT SHOW Chengdu International Diving & Resort Travel Expo ("DRT"). The collaboration aims to pioneer a zero-carbon water ecosystem using VASAR-MediSun's miniaturised seawater desalination solution-to address the dual challenges of water scarcity and low-carbon development in island

Delta Air Lines expands CES 2027 service with special nonstop flights from Asia to Las Vegas

HONG KONG, Aug. 3, 2026 /PRNewswire/ -- Delta Air Lines is ramping up service to Las Vegas for CES® 2027 with more than 120 peak-day flights connecting the city to key business hubs across the U.S. and around the world. Special Asia-Pacific services from Hong Kong, Shanghai, Taipei, and Seoul-Incheon give customers more convenient access to the world's premier technology event. For CES 2027, Delta will operate additional flights between Hong Kong International Airport (HKG) and Las Vegas Harry R

Detained Suu Kyi meets Red Cross official in Myanmar— president office

YANGON, Myanmar — Myanmar's detained democratic leader Aung San Suu Kyi met with the Red Cross representative to the country on Monday, the president's office said, the first publicised meeting between her and a foreign official since she was ousted in a 2021 coup. The military deposed Suu Kyi in February 2021, jailing the Nobel Peace Prize laureate and triggering an ongoing civil war that has killed more than 100,000 people, according to monitor ACLED. The coup leader and former junta chi

IS32FL3761: Configurable 33×12 Matrix LED Driver for High Pixel Count Automotive Intelligent Signaling Displays

Up to 16 devices on one I2C bus for over 6,300 individually addressable LEDs MILPITAS, Calif., Aug. 03, 2026 (GLOBE NEWSWIRE) -- Lumissil Microsystems today announced the IS32FL3761, a 33×12 (n=2~12) dot-matrix LED driver designed for automotive ISD applications, where hundreds of small-current LEDs must be driven, dimmed, and diagnosed with pixel-level precision. These systems use dense arrays of low-current LEDs to render symbols, text, welcome animations, charge-status indicators, driver-assi

Klow Peptide Stack Introduced by Kylo Peptides for Laboratory Research in 2026

Each vial in the stack is released after ISO/IEC 17025 testing. A lot-matched Certificate of Analysis is published on the website. Sheridan, WY, Aug. 03, 2026 (GLOBE NEWSWIRE) -- Kylo Peptides today introduced the KLOW Peptide Stack, a four-component research peptide stack in its catalog, primarily supplied for laboratory research applications. The stack pairs GHK-Cu, BPC-157, TB-500, and KPV as four separately sealed lyophilized vials, each carrying its own lot identifier and Certificate of Ana

BREAKING: OVP records failed to show how P125m was used in 11 days — COA auditor

The Office of the Vice President, or OVP, has failed to show how P125M was spent in confidential activities. That’s according to former Commission on Audit state auditor Roderick Wamil. Testifying at the impeachment trial of Vice President Sara Duterte, Wamil said this prevented auditors from determining whether the disbursements complied with government guidelines. He said the amount was only disbursed from December 21 to 31, 2022, or around eleven days. Check out our Streaming Channel: h

Where new chapters thrive: Nava at Greenfield Alabang

In a world that often feels fast‑paced and crowded, thoughtfully planned communities offer a sense of balance within the metro — creating a perfect setting for families beginning a new chapter in their lives. This is the guiding principle on which Nava by Greenfield Deluxe, the newest residential enclave in Alabang, is built on. As the metro continues to evolve, communities that prioritize wellbeing have become increasingly rare in Alabang. In a district long known for its established neig

Trump attorney general pick says has reached deal with senators after standoff

WASHINGTON, United States — The US acting attorney general said Sunday he had reached an agreement with lawmakers and issued an order officially scrapping a $1.8-billion compensation fund that has led to a standoff over his Senate confirmation. Todd Blanche's announcement came after the Senate Judiciary Committee pushed back a vote on advancing his nomination owing to his weekslong dispute with Republican Senators John Cornyn of Texas and Thom Tillis of North Carolina. Cornyn and Tillis ha

Share buybacks in Ericsson during the period July 27 - July 31, 2026

STOCKHOLM, Aug. 3, 2026 /PRNewswire/ -- During the period July 27 - July 31, 2026, Telefonaktiebolaget LM Ericsson (publ) ("Ericsson") (LEI code 549300W9JLPW15XIFM52) repurchased own Class B shares (ISIN: SE0000108656) as follows: Date Aggregated daily volume (number of shares)Weighted average share price per day (SEK)Total daily transaction value (SEK)27/07/2026750,00093.443470,082,550.0028/07/2026500,00094.220847,110,400.0029/07/20261,000,00096.191096,191,000.0030/07/2026500,00094.487647,243,8

JustMarkets reveals why traders monitor upcoming CPI releases as inflation returns

KUALA LUMPUR, Malaysia, Aug. 3, 2026 /PRNewswire/ -- On 27 July, JustMarkets released a comprehensive market analysis detailing the resurgence of inflation as a central theme in global financial markets. Following a prolonged period of relative calm, rising pressures from commodity prices have prompted the firm to highlight how traders should once again closely monitor inflation prospects, central bank policy shifts, and evolving market conditions. Why Energy Prices Matter for Inflation Energy i

Flutter Announces Completion of Cancellation of Secondary Listing on London Stock Exchange; Primary Listing on NYSE Maintained

Flutter Entertainment plc (the "Company") Effective Date Announcement NEW YORK and DUBLIN, Aug. 03, 2026 (GLOBE NEWSWIRE) -- Further to the announcement made on June 12, 2026, Flutter Entertainment plc ("Flutter" or the "Company") (NYSE: FLUT) today announces that: (i) the listing of the Company's shares on the Official List of the U.K. Financial Conduct Authority; and (ii) the admission to trading of those shares on the main market for listed securities of the London Stock Exchange, have now be

45/2026・Trifork Group: Weekly report on share buyback

Schindellegi, Switzerland - 3 August 2026 Trifork Group AG Company announcement no. 45/2026 Weekly report on share buyback On 27 February 2026, Trifork initiated a share buyback program in accordance with Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) and Commission Delegated Regulation (EU) 2016/1052, (Safe Harbour regulation). The share buyback program runs from 2 March 2026 up to and including no later than 31 December 2026. For details, please see compa