Philippines Business News

Philippines’ trade deficit widens to $4.94 billion in June

By Beatriz Marie D. Cruz, Senior Reporter THE PHILIPPINES’ trade deficit in goods ballooned to $4.94 billion in June as exports and imports posted double-digit growth, the Philippine Statistics Authority (PSA) said. Preliminary data from the PSA showed the trade-in-goods balance — the difference between exports and imports — stood at a $4.94-billion deficit in […]

DA-BFAR to boost aquaculture potential of samaral

The Department of Agriculture-Bureau of Fisheries and Aquatic Resources (DA-BFAR) is promoting the culture of siganids, or rabbitfish (Siganus spp.), locally known as samaral, as part of its efforts to diversify Philippine aquaculture and create more livelihood opportunities for Filipino fisherfolk and fish farmers. The DA and the BFAR see samaral as a promising species for aquaculture diversification, building […]

Casino Plus hits new milestone with P100-million Color Game Ultimate Jackpot

Casino Plus, one of the country’s leading responsible digital entertainment platforms licensed by the Philippine Amusement and Gaming Corporation (PAGCOR), announced today that its iconic live-streamed title, Color Game, has reached a monumental nine-figure threshold, with its Ultimate Jackpot officially crossing P100,730,456.94. This latest milestone builds on Color Game’s strong track record of generating PAGCOR-verified […]

A divided Fed chose to keep rates unchanged. Here’s how Wall Street reacted.

InstaPay raises transfer limit to P500,000 for real-time business payments

InstaPay for Business is available through PNB, GoTyme, RCBC, Wise, and DCPay, though industry officials say all major banks have already signified interest to participate

Fed decision, major tech earnings in focus - what’s moving markets

Defiance's JEDI ETF Expands Mandate to Include Private Company Investments

MIAMI, July 29, 2026 (GLOBE NEWSWIRE) -- Defiance ETFs today announced that a supplement dated July 27, 2026 has been filed to the prospectus for the Defiance Drone & Modern Warfare ETF (NYSE: JEDI). The supplement, recommended by Defiance ETFs, LLC, the Fund’s investment adviser (the "Adviser”), and approved by the Board of Trustees of ETF Series Solutions, revises the Fund’s investment objective and principal investment strategies to permit the Fund to invest in privately issued securities. Th

Sprott Physical Copper Trust Updates Its "At-The-Market” Equity Program

TORONTO, July 29, 2026 (GLOBE NEWSWIRE) -- Sprott Asset Management LP ("Sprott Asset Management”), a wholly-owned subsidiary of Sprott Inc. ("Sprott”) (NYSE/TSX: SII), on behalf of the Sprott Physical Copper Trust (NYSE: SCOP) (TSX: COP.UN) (TSX: COP.U) (the "Trust”), a closed-ended mutual fund trust created to invest and hold substantially all of its assets in physical copper metal, today announced that it has updated its at-the-market equity program to issue up to U.S.$250 million of Units of

MGM China Reports 2026 Interim Financial Data

Revenue Rose to Record High Solid Market Share of 15.9% HONG KONG, July 30, 2026 /PRNewswire/ -- MGM China Holdings Limited ("MGM China" or the "Company"; SEHK Stock Code: 2282) today announced the selected unaudited financial data of the Company and its subsidiaries (the "Group") for the six months ended June 30, 2026 (the "Period"). The Group is encouraged by Macau's continued growth during the Period. Average daily visitation in the first half of 2026 reached 115,715, representing a 9% increa

Fortis Inc. Announces Third Quarter Dividends - 2026

This news release constitutes a "Designated News Release" incorporated by reference in the prospectus supplement dated December 9, 2024 to Fortis' short form base shelf prospectus dated December 9, 2024. ST. JOHN'S, Newfoundland and Labrador, July 29, 2026 (GLOBE NEWSWIRE) -- The Board of Directors of Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) has declared the following dividends payable on September 1, 2026 to the Shareholders of Record of the following Shares of the Corporatio

OpenAI says rogue AI agent attack hit other companies

SAN FRANCISCO — ChatGPT maker OpenAI has revealed that an autonomous artificial intelligence agent which hacked a popular platform for computer programmers also attempted to breach four other companies during the incident. In an update late Tuesday to a blog post detailing its probe into the incident, OpenAI said its AI agent affected these "publicly-available services," though it did not name the companies. The revelation broadens a cyber incident that OpenAI described as unprecedented an

Notice of Results

Diversified Energy Announces Timing of Second Quarter 2026 Results BIRMINGHAM, Ala., July 29, 2026 (GLOBE NEWSWIRE) -- Diversified Energy Company (NYSE: DEC, LSE: DEC) ("Diversified” or the "Company") is pleased to announce that the Company plans to publish its operational and financial results for the quarter ended June 30, 2026 (the "second quarter results”) on Wednesday, August 5th, 2026, after the U.S. market close. The Company will host a conference call at 8:30 AM EST (1:30 PM GMT) on Thur

The Bahamas Ministry of Tourism Launches 2nd Annual Bonefishing Tournament Series

Premier competition to showcase Andros, Long Island and Exuma as world-class angling destinations Bonefishing in The Bahamas From expansive flats to exceptional fishing experiences, The Bahamas continues to showcase the strength and appeal of its world-class sport fishing sector. Bonefishing in The Bahamas The Bahamas’ world-class sport fishing sector offers anglers unforgettable opportunities to experience the country’s pristine waters and renowned fishing grounds. Nassau, The Bahamas, July 29,

Wetour Robotics Announces Share Consolidation

AUSTIN, Texas, July 29, 2026 (GLOBE NEWSWIRE) -- Wetour Robotics Limited (Nasdaq: WETO) ("Wetour Robotics" or the "Company"), a Physical AI infrastructure and wearable robotics company, today announced that it will effect a share consolidation of its ordinary shares of par value US$0.0001 each at a ratio of 1-for-100, effective on August 3, 2026 (the "Share Consolidation”). The Company’s ordinary shares are expected to begin trading on a post-consolidation basis at the open of the market session

PRU June 2026 Quarter Report

Perth, Western Australia, July 30, 2026 (GLOBE NEWSWIRE) -- JUNE 2026 QUARTER REPORT Perseus delivers strong operational performance with cash & bullion increased to US$1 billion PERTH, Western Australia/ July 30, 2026/ Perseus Mining Limited ("Perseus” or the "Company”) (TSX & ASX: PRU) reports on its activities for the three months’ period ended on June 30, 2026 (the "Quarter”). Below is a summary of the release. The full report is available at www.perseusmining.com, www.sedarplus.ca and www.a

Hypercharge Reports Full Year Fiscal 2026 Results, Record Service and Subscription Revenue and Gross Profit

Hypercharge delivered record revenue, gross profit and record service and subscription revenue while expanding margins and reducing comprehensive loss. Record Revenue of $10.9 Million, +9% Year-over-YearRecord Gross Profit of $3.0 Million, +34% Year-over-YearRecord Service and Subscription Revenue of $2.8 Million, +292% Year-over-YearGross Margin of 28%, +5pp Year-over-YearNet and Comprehensive Loss Reduced by 38% Year-over-Year▶ WATCH - Hypercharge Fiscal 2026 Results Presentation: https://www.

Trinasolar's Modules Power New South Wales' (Australia) First Green Hydrogen & Ammonia Facility

SYDNEY, July 30, 2026 /PRNewswire/ -- Trinasolar, a global leader in smart PV and energy storage solutions, has been selected to supply solar modules for the Good Earth Green Hydrogen and Ammonia (GEGHA) project near Moree, New South Wales (NSW), Australia. GEGHA is the state's first green hydrogen and ammonia facility. Aerial view of the Good Earth Green Hydrogen and Ammonia (GEGHA) project near Moree, New South Wales, Australia, featuring a 27MW solar farm with Trinasolar's Vertex S+ modules T

Silicon Motion Announces Results for the Quarterly Period Ended June 30, 2026

Business Highlights Second quarter of 2026 sales increased 32% Q/Q and increased 127% Y/Y SSD controller sales: 2Q of 2026 increased 5% to 10% Q/Q and increased 50% to 55% Y/YeMMC+UFS controller sales: 2Q of 2026 increased 15% to 20% Q/Q and increased 95% to 100% Y/YFerri & Boot Drive solutions sales: 2Q of 2026 increased 110% to 115% Q/Q and increased 1,690% to 1,695% Y/YFinancial Highlights 2Q 2026 GAAP2Q 2026 Non-GAAP• Net sales$451.0 million (+32% Q/Q, +127% Y/Y) $451.0 million (+32% Q/Q, +1

Canfor reports results for the second quarter of 2026

VANCOUVER, British Columbia, July 29, 2026 (GLOBE NEWSWIRE) -- Canfor Corporation (the "Company” or "Canfor”) (TSX: CFP) today reported its second quarter of 2026 results: Overview. Reported operating income of $5 million and a shareholder net loss of $19 million, which is equivalent to $0.16 per share.After taking into consideration adjusting and one-time items1 of $19 million, adjusted operating income for Q2 2026 was $24 million, compared to an adjusted operating loss of $93 million in Q1 202

Li Bang International Announces 1-for-200 Share Consolidation

JIANGYIN, China, July 29, 2026 (GLOBE NEWSWIRE) -- Li Bang International Corporation Inc. ("Li Bang International”) and its subsidiaries (collectively, the "Company,” "we,” "us,” "our company,” or "Li Bang”) (Nasdaq: LBGJ), a company engaged in designing, developing, producing, and selling stainless steel commercial kitchen equipment in China, today announced that it intends to effect a reverse share split of its ordinary shares on a 1-for-200 basis (the "Share Consolidation”). The Company’s Cla

Escape to China’s Mysterious Guizhou and enjoy a cool 23°C summer retreat.

GUIZHOU, CHINA - Media OutReach Newswire - 17 July 2026 - Direct flights now connect Malaysia and Guizhou, complemented by visa-free policies between China and Malaysia. Travelers can easily reach Guiyang from Kuala Lumpur in four hours and stay for up to 30 days per visit. With its cool climate, convenient transport, and favorable policies, Guizhou is becoming a preferred summer holiday destination for more Malaysian tourists. Guizhou is also building an international tourism product system cen

Vanguard Announces Change to Risk Rating of Certain Vanguard ETFs

TORONTO, July 29, 2026 (GLOBE NEWSWIRE) -- Vanguard Investments Canada Inc. today announced the following changes to the risk ratings of the Vanguard ETFs, as set out below, effective as of July 30, 2026: Vanguard ETFsTickerPrevious Risk RatingUpdated Risk Rating Vanguard FTSE Canadian Capped REIT Index ETFVREMediumMedium to HighVanguard Global Value Factor ETFVVLMediumMedium to HighVanguard Conservative ETF PortfolioVCNSLowLow to MediumVanguard Retirement Income ETF PortfolioVRIFLowLow to Mediu

HII is Awarded Contracts for Construction of Block VI Virginia-class and Build II Columbia-class Submarines

NEWPORT NEWS, Va., July 29, 2026 (GLOBE NEWSWIRE) -- HII (NYSE: HII) announced today that the U.S. nuclear submarine shipbuilding team, which includes the company’s Newport News Shipbuilding (NNS) division, has been awarded contracts for construction of Block VI Virginia-class and Build II Columbia-class submarines. The combined total of approximately $76.6 billion in contract modifications from the U.S. Navy to HII’s Newport News Shipbuilding and General Dynamics Electric Boat (GDEB) is to supp

Algoma Steel Group Inc. Reports Financial Results for the Three Months Ended June 30, 2026

Adjusted EBITDA of $13.8 Million, In-Line with Previously Announced Expectations Second Consecutive Quarter of Record Plate Sales as Plate-First Strategy Scales EAF Unit Two Construction Nearing Completion, with First Steel Production Expected in the Third Quarter of 2026 SAULT STE. MARIE, Ontario, July 29, 2026 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) ("Algoma” or "the Company”), a leading Canadian producer of steel plate and hot-rolled sheet products, today announc