Philippines Business News

InspireSemi Provides Corporate and Financing Updates

VANCOUVER, British Columbia and AUSTIN, Texas, Sept. 01, 2026 (GLOBE NEWSWIRE) -- Inspire Semiconductor Holdings Inc. ("InspireSemi” or the "Company”) is a chip design company that provides revolutionary high-performance, energy-efficient accelerated computing solutions for High Performance Computing (HPC), AI, graph analytics, and other compute-intensive workloads. Today the Company is providing the following corporate and financing updates. Annual General Meeting The Company’s Annual General a

Knight Therapeutics Announces Regulatory Approval of TAVALISSE® in Colombia

MONTREAL, Sept. 01, 2026 (GLOBE NEWSWIRE) -- Knight Therapeutics Inc. ("Knight") (TSX: GUD), a pan-American (ex-US) pharmaceutical company, announced today that it has received regulatory approval from INVIMA, the Colombian health regulatory agency, for TAVALISSE® (fostamatinib disodium hexahydrate) for the treatment of adult patients with chronic immune thrombocytopenia (ITP) who have had an insufficient response, loss of response, or intolerance to prior treatment with corticosteroids and intr

Nepal flood survivors fear loss of culture and community

KATHMANDU, Nepal — In the days since Tsering Gelbu Lama’s wife was swept away by devastating floods along the Nepal-Tibet border, he hasn't managed to tell his 4-year-old daughter that her mother is dead. Lama wiped away tears as he sat on the floor of a Buddhist monastery turned makeshift shelter for hundreds of others evacuated from remote villages to the capital, Kathmandu. “I don’t know how I will pass on our culture to her,” he said as he coaxed a spoonful of r

U.S., Iran trade more strikes as Hormuz tensions simmer

Philippines’ August PMI grows at fastest pace in nearly 10 years

PHILIPPINE manufacturing activity expanded at its fastest pace in nearly a decade in August, driven by stronger new orders and improved production efficiency, S&P Global said.

Philippine peso hits fresh low P62.40 vs US dollar

THE PESO tumbled to a new low against the US dollar on Tuesday as hawkish signals from the US Federal Reserve and intensifying Middle East tensions lifted the greenback.

Pantheon says BSP tightening cycle likely over as inflation to further ease

UNITED KINGDOM-BASED think tank Pantheon Macroeconomics sees the Bangko Sentral ng Pilipinas (BSP) holding off on any further monetary policy tightening as it expects inflation to undershoot the central bank’s revised forecasts. Pantheon Macroeconomics Chief Emerging Asia Economist Miguel Chanco and Asia Economist Meekita Gupta said the BSP’s latest inflation outlook seems “overly pessimistic.” Following […]

Philippines’ foreign debt service bill climbs at end-May

THE Philippines’ debt service on foreign loans continued to rise as the government made higher principal payments as of May, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed.

BusinessWorld receives award from PIDS

BUSINESSWORLD received the “Daluyan ng Dunong: Outstanding Print/Online Media Partner” from the Philippine Institute for Development Studies (PIDS). This was part of the “Saliksik at Balita: PIDS Media Awards.” BusinessWorld was recognized as the “most supportive media organization whose work has consistently amplified evidence-based research and deepened public understanding of key development issues.” BusinessWorld Editor-in-Chief […]

Jollibee advances global unit spinoff with HK listing plan

JOLLIBEE Foods Corp. (JFC) has selected Hong Kong (HK) as the proposed listing venue for its international business, replacing its earlier plan to pursue a US listing as it moves ahead with the separation of its overseas operations. In a disclosure on Tuesday, JFC said it is contemplating a separate listing of shares in Jollibee […]

DICT sees 2026 telco spending reaching P153 billion

THE Department of Information and Communications Technology (DICT) expects capital spending by major Philippine telecommunications companies (telcos) to reach as much as $2.45 billion, or about P152.88 billion, this year.

Meralco set to evaluate lowest bids for 600-MW supply

MANILA Electric Co. (Meralco) is set to evaluate the three lowest bids for its 600-megawatt (MW) baseload supply requirement, with offers from generators under San Miguel Global Power Holdings Corp. (SMGP) and Aboitiz Power Corp. (AboitizPower) starting at P5.3573 per kilowatt-hour (kWh). In a statement on Tuesday, Meralco said six of the nine bidders that […]

Solar Philippines sells P3 billion worth of SPNEC shares

SOLAR PHILIPPINES Power Project Holdings, Inc. (SPPHI), founded by businessman-turned-politician Leandro L. Leviste, has sold P3 billion worth of shares in SP New Energy Corp. (SPNEC). SPPHI sold 2.4 billion SPNEC shares at P1.25 each, equivalent to a 4.79% stake, according to a regulatory filing on Tuesday. Following the sale, SPPHI’s ownership in SPNEC fell […]

Metro Pacific Water sets P23-B five-year investment plan

METRO PACIFIC Water (MPW), a wholly owned subsidiary of Pangilinan-led Metro Pacific Investments Corp. (MPIC), plans to invest about P23 billion over the next five years across its water businesses in the Philippines and Vietnam. “Water security is economic security, and this P23-billion investment is our commitment to building the infrastructure the next generation will […]

A lifetime of art shaped by love for the Philippines

IN MARCH of last year, the passing of master modernist painter Juvenal Sansó gave shape to an idea for an exhibition. To honor the man’s contributions to Philippine art, Fundacion Sansó director Ricky Francisco and National Museum director-general Jeremy Barns decided it was time for the museum to mount its very first solo exhibition centered on Mr. Sansó’s works.

Former Finance chief Dominguez joins Megaworld board

FORMER Finance Secretary Carlos “Sonny” G. Dominguez III has been appointed lead independent director of Megaworld Corp., the company said on Tuesday. Mr. Dominguez served as Finance secretary from 2016 to 2022. He previously headed the Department of Agriculture and the Department of Environment and Natural Resources in the late 1980s. He has also held […]

An extraordinary love story for Filipino audiences

THE latest production of Theater Group Asia (TGA) is a beloved Broadway title, The Notebook: The Musical, which will have New York-based Filipino-American theater director Nicholas Polonio at the helm.

MGEN taps US, local firms for small modular reactor study

MERALCO PowerGen Corp. (MGEN), a subsidiary of Manila Electric Co. (Meralco), has tapped US engineering firm Sargent & Lundy (S&L) and AMH Philippines, Inc. (AMH) to study the potential deployment of small modular reactors (SMRs) in the Philippines. In a statement on Tuesday, MGEN said the companies will undertake a comprehensive feasibility study under a […]

The impact of artificial intelligence on the youth: Liberal Arts

Pope Leo XIV rightly points out that the advance of information technologies and AI is rapidly rendering obsolete curricula that were designed for a different era.

Arts & Culture (09/02/26)

THE exhibit Homage to Manansala’s Manila, presented by Art Forward Manila in partnership with the University of the Philippines Manila – Museum of a History of Ideas (UPM-MHI), is running until Sept. 3.

Yuchengco firm’s Pangasinan solar farm gets ERC nod for commercial operations

YUCHENGCO-LED PetroGreen Energy Corp. (PGEC) is set to begin commercial operations of its 25-megawatt-peak (MWp) solar farm in Pangasinan after securing a permit from the Energy Regulatory Commission (ERC). In a statement on Tuesday, PGEC said the ERC issued a certificate of compliance (CoC) for the project, which the company described as the final approval […]

Striking a balance on the issue of corn

Corn may not be a common item on Filipino families’ plates, but it is present on their tables in ways not obviously seen. Corn makes up 50% to 60% of feed formulations, and accounts for 60% to 70% of production costs in the poultry and swine sectors. This means that the common diet of the […]

Short-term yields jump on US-Iran fears

THE GOVERNMENT made a partial award of the short-term debt it offered on Tuesday as yields climbed due to a global bond sell-off after the United States and Iran exchanged attacks again, reigniting inflation fears. The Bureau of the Treasury (BTr) raised a combined P49.582 billion from its offering of cash management bills (CMBs) and […]

SM Supermalls to expand key malls as tenant demand grows

SM SUPERMALLS is expanding key malls across the country, including a 30% increase in gross leasable area (GLA) at SM City Sto. Tomas in Batangas amid strong tenant demand. The mall operator is also adding 46,000 square meters (sq.m.) at SM City Iloilo and a two-story expansion at SM City Naga, SM Supermalls President Steven […]