Philippines Business News

Cardinal Point Highlights Tax Payment and Refund Considerations for Canada-U.S. Taxpayers

New article examines common payment errors, refund delays, and administrative challenges involving the IRS and CRA Toronto, ON, July 30, 2026 (GLOBE NEWSWIRE) -- For individuals and families with financial ties to both Canada and the United States, filing an accurate tax return is only one part of the annual tax process. Payments, refunds, banking requirements, and currency differences can create additional complications. Cardinal Point Wealth Management’s new article, "Tax Payments and Refunds:

Refreshed Alabang Town Center? What shoppers can expect now that Rockwell has near-full control.

Rockwell has commissioned Uruguayan architect Carlos Ott and Filipino architect Jun Rodriguez to draw up a master plan for the Southie icon's glow-up

Iran urges Bulgaria and Cyprus to reverse US aircraft deployment decision

Banolmi eyes expansion of indigenous coffee enterprise

Social enterprise Banolmi is looking to expand its rainforest coffee model to more indigenous communities in the Cordillera as it seeks to improve farmers’ incomes while promoting forest conservation and preserving indigenous heritage, its co-founder said. Banolmi was established as a marketing platform for sustainably grown products after its founders launched Barlig Rainforest Coffee in […]

UNIQLO spotlights Filipino artisans in 70th year of Japan-PHL ties

UNIQLO Philippines marked the 70th anniversary of diplomatic relations between the Philippines and Japan by launching new sustainability and cultural initiatives, including handcrafted artisan patches made by indigenous Filipino communities, and expanded partnerships supporting education, tourism, and community development. Speaking at the launch event, UNIQLO Philippines Chief Operating Officer Ikezoe Osamu said the company views […]

PhilSA warns ships, aircraft of potential China rocket debris in waters off Northern Luzon

The Philippine Space Agency (PhilSA) on Thursday said that debris from China’s rocket launch this morning may fall within identified drop zones (DZs) located in the waters off Northern Luzon, posing a danger to ships, aircraft, fishing boats, and other vessels traversing the area. The debris from the Long March 6A rocket, launched at around […]

Globe’s Hapag Movement bags two wins at PR Asia Awards

The program’s growing impact tests Globe’s ecosystem-driven approach to nation-building Globe’s Hapag Movement, an initiative to alleviate involuntary hunger across the country, continues to earn global recognition for its long-term, community-centered approach to end hunger. The program garnered two honors at the Marketing Interactive PR Asia Awards in Singapore. The Hapag Movement bagged a Silver […]

[Ask the Tax Whiz] What do the proposed tax reforms in Marcos’ 2026 SONA mean for you?

Government should recover revenues lost in tax reforms by plugging tax evasion and running after those with unexplained wealth

Hiraya Water, formerly PrimeWater, starts P600-million Cavite project

Hiraya Water, the former Primewater Infrastructure Corp., has invested P600 million in its water distribution system rehabilitation in Dasmariñas, Cavite.

Opening a bank account is now easier for National ID holders

As more banks connect to the National ID database, opening a bank account may soon be as easy as entering your name, birthday, and taking a live selfie

Utilities 'may not survive' if they pay system loss charges alone — MVP

Meralco chairman Manny Pangilinan said the removal of system loss charges may affect the country's entire power industry.

The new ‘My SM’: How the Filipino consumer is redefining the mall experience

Customers continue to be the transformation driver for SM Supermalls. Following undisrupted foot traffic and positive business performance in the first half of 2026, the mall operating arm of SM Prime Holdings, Inc. has noted three key factors that maintained market interest despite scaled consumption patterns earlier in the year. “Filipinos kept showing up for […]

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