Philippines Business News

South Korea records its highest-ever temperature of 42.5C

SEOUL — South Korea registered on Sunday its highest temperature since records began more than a century ago, according to the state weather agency. The southeastern city of Yangsan saw the temperature reach 42.5C at 1:26 p.m. (0426 GMT), the Korea Meteorological Administration said on its website. Yangsan has been the epicenter of the ongoing heatwave, where temperatures exceeded 40C for a fifth consecutive day on Sunday. Much of South Korea has been placed under heat warnings, with many

Veteran entertainment columnist Jobert Sucaldito dies at 65

MANILA, Philippines — The Philippine entertainment industry is mourning the loss of veteran columnist, broadcaster and talent manager Jobert Sucaldito after his death was announced Sunday through the official Facebook page of the online program he co-hosted. He was 65. The announcement was made by OOTD Jobert and Chaps Channel, which shared the news in a statement addressed to its viewers and supporters. "Sa aming mga minamahal na manonood at tagasuporta, lubos po naming ipinapaalam na ang

ERC orders Meralco to refund customers P9.5 billion over 6 months

The refund adds to growing scrutiny of Meralco’s electricity charges following President Ferdinand Marcos Jr.’s push to remove system loss charges

Sidlak Bagani boosts record-breaking IRONKIDS Lapu-Lapu cast

MANILA, Philippines — The RLC Residences IRONKIDS Lapu-Lapu is set to make history as it opens the IRONMAN 70.3 Lapu-Lapu race weekend on Aug. 8 with a record field of more than 600 young participants, underscoring the sport's growing popularity among Filipino youth and the host city's commitment to grassroots triathlon development. Organized by Sunrise Events, Inc., the swim-run event for children aged 6 to 15 has attracted its biggest turnout yet, drawing aspiring triathletes from Lapu-L

ERC orders Meralco to return P9.5 billion to customers

Meralco customers set for six-month refund after overcollections.

Amit denies Centeno to stay unbeaten in Women’s 10-Ball World Championship

MANILA, Philippines — Rubilen Amit denied fellow Filipino world pool champion Chezka Centeno, 4-3, 2-4, 4-2, in the second round of the WPA Women’s 10-Ball World Championship in Rome, Italy Saturday. Getting back at Centeno who defeated her in the 8-ball worlds quarterfinals last week, Amit stayed on the winners side as she guns for a last 16 berth against Sofia Mast on Sunday. Centeno, who ruled the 8-ball world championships, got relegated to the losers bracket and needs three wins

Lopez, 4 others win gold in Vietnam

MANILA, Philippines — Filipina Yani Alexii Lopez made another sampling of her grappling prowess under the most challenging circumstances, powering the Philippine team to a second-place finish in the 2026 United World Wrestling (UWW) Asian & Oceania Grappling Championships that took place in Danang, Vietnam recently. The 16-year-old Lopez who was forced to fight three divisions higher than what she used to be, proved she can do it just the same. “I am thrilled to bring another contine

10th Aero Gymnastics Asian meet ready to go in Tagaytay

MANILA, Philippines — WITH two days to go, the Gymnastics of Association of the Philippines is primed and ready to step up for the 10th Aerobic Gymnastics Asian Championships presented by the Philippine Sports Commission starting Wednesday at the Tagaytay CT Veldrome in Tagaytay City “We set the bar high in staging last year’s world championships so we won’t be satisfied with nothing than matching if not surpassing that for this forthcoming competition,” stressed Gy

Trump says he will order halt to Iran strikes after parameters reached for deal to end war

CAIRO — US President Donald Trump said in a Saturday evening social media post he will order American forces to hold off on new strikes against Iran, claiming Mideast allies had reached the parameters of a deal to end the five-month old war. The emerging deal “would include the Immediate, Complete, and Total OPENING OF THE HORMUZ STRAIT, and an end to Iran’s nuclear threat,” Trump wrote on Truth Social. “Based on this request, I have agreed, for the future benefit o

ERC orders Meralco to refund P9.51 billion to customers

MANILA, Philippines — The Energy Regulatory Commission (ERC) has ordered Meralco to refund P9.51 billion to its customers for overrecoveries for the period of January 2025 to December 2025. In a decision released on Sunday, the ERC directed Meralco to refund the total amount of P9,506,566,556 or an equivalent average refund rate of P0.3448 per kilowatt-hour (kWh) for all customer classes. The refund scheme and implementation period shall be within 6 months, shorter than Meralco's proposed

Brazil's Lula launches fourth term bid as Trump looms over campaign

SAO PAULO — At 80, President Lula on Sunday launches his bid for re-election, casting himself as a defender of Brazil's "sovereignty" as pressure from Donald Trump's administration casts a shadow over the campaign. Luiz Inacio Lula da Silva, a leftist titan of Latin American politics who is loved and despised in near-equal measure in Brazil, will launch his seventh bid for the presidency at a convention of his Worker's Party (PT) in Sao Paulo. The former metalworker and unionist made a dra

'Sopranos' actor Vincent Pastore, known for playing mobsters and tough guys, dead at 80

NEW YORK — Vincent Pastore, a veteran actor who played mobsters and tough guys, and was best known for playing Salvatore “Big Pussy” Bonpensiero on “The Sopranos,” has died. He was 80. Bob McGowan, who had managed Pastore since his run on “The Sopranos,” told The Associated Press that he learned of his death Saturday from another client and actor on the show, Vincent Curatola. He said that he had been found in his home on New York’s City Island aft

The Warriors re-sign guards De'Anthony Melton and Gary Payton II

SAN FRANCISCO — The Golden State Warriors re-signed free agent guards De'Anthony Melton and Gary Payton II on Saturday. The moves to retain Melton and Payton mean that the Warriors will have 10 of the 12 players who had the most playing time last season back under contract for the 2026-27 season. Golden State went 37-45 last season and missed the playoffs after losing to Phoenix in a play-in game. The 28-year-old Melton appeared in 49 games last season, averaging a career-high 12.3 points,

Some areas in Metro Manila, Cavite and Rizal to have power interruptions due to maintenance works

MANILA, Philippines — Some areas in Metro Manila, Cavite, and Rizal will have power interruptions this week due to maintenance works, Manila Electric Company (Meralco) said on Sunday. In Parañaque City, some locations in Baclaran will have no power on August 3 between 12:01 a.m. and 12:30 a.m.; while some places in SM Central Business Park in Pasay City will have short power interruptions on August 4 between 6 p.m. and 6:30 p.m. because of the replacement of electricity facilities i

Agent GoBio? This CEO gets an offer to be ‘part of the NBI family’

Had it been a serious exchange, the investigative agency would have benefited from Robinsons Land Corp. CEO's skills in math

Signal No. 1 raised over parts of Bicol, Polillo Islands as Tropical Depression Luis intensifies

Tropical Depression (TD) Luis slightly intensified early Sunday over the sea east of the Bicol region while moving slowly, weather bureau Pagasa reported after raising Tropical Cyclone Wind Signal (TCWS) No. 1 over parts of Luzon. In its 5 a.m. tropical cyclone bulletin, Pagasa said the center of tropical depression Luis was spotted at 295 kilometers east of Daet, Camarines Norte. "Luis" was bearing maximum sustained winds of 55 kilometers per hour (kph) near the center, gusts up to 70 kph, whil

Alex Eala to reach WTA top 20 if she wins Washington title

MANILA, Philippines — Alex Eala will reach a new career-high of No. 20 in the WTA live rankings if she wins the 500 Mubadala D.C. Open title in Washington, which would be her first Tour-level title. Sitting at No. 28 in the official rankings, Eala will raise her total ranking points to 2,106 if she beats world No. 3 Jessica Pegula in the final Monday midnight. A 2-time 125-tier champ, Eala reset her career-best rank to No. 24 with 1,931 points in the live rankings after winning her semifin

Bomb kills three and wounds 21 at central Moscow restaurant

Ukrainian drone strikes kill two in Russia, hit Wildberries warehouse

Hungarian companies pivot after Orban’s allies lose political influence

Brazilian man stabs three to death at factory, kills self

RIO DE JANEIRO, Brazil — A Brazilian man stabbed three people to death Saturday at the factory where he worked in the greater Sao Paulo area and died by suicide after his arrest, police said. The 33-year-old man entered his workplace in the industrial city of Sao Bernardo do Campo "and stabbed the three victims, who died," police said in a statement. He was arrested and taken to a police station where he "committed suicide," police said, without giving further details. The victims were age

You Don't Have to Own a Single AI Stock to Get Hurt When This Bubble Pops.

Former Pentagon Advisor argues the AI boom is now woven into pensions, 401(k)s, and the broader economy, the same way subprime was in 2008 Baltimore, MD, Aug. 01, 2026 (GLOBE NEWSWIRE) -- Many Americans assume that if they steer clear of AI stocks, they are safe from an AI crash. Jim Rickards says that assumption is exactly what got people hurt last time. In a new presentation, the former advisor to the CIA and the Pentagon argues that the AI boom has become so deeply embedded in the financial s

Eala stuns Osaka to book Washington final against Pegula

WASHINGTON, United States — Alexandra Eala stunned former world number one Naomi Osaka 6-4, 6-2 on Saturday to reach the women's final of the WTA and ATP Washington Open, where she will face third-ranked Jessica Pegula. The 21-year-old Philippines left-hander delivered an impressive victory over the four-time Grand Slam winner from Japan to reach her second career WTA final, having dropped the first last year at Eastbourne. Giant killer Eala, ranked 28th, had previously ousted second seed

Today's Weather, 5 A.M. | Aug. 2, 2026