Philippines Business News

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

Zacatecas Silver Closes the First Tranche of Non-Brokered Private Placement

VANCOUVER, British Columbia, July 29, 2026 (GLOBE NEWSWIRE) -- Zacatecas Silver Corp. (TSXV: ZAC | OTCQB: ZCTSF | FRA: 7TV) ("Zacatecas Silver” or the "Company”) is pleased to announce that it has closed the first tranche (the "First Tranche”) of its previously announced non-brokered private placement (, the "Offering”, see news release dated July 14, 2026) by issuing 21,074,201 Units at $0.07 per Unit for gross proceeds of $1,475,194.07. Each Unit consists of one common share of the Company and

BOJ preview July: rates on hold, but yen weakness, inflation spell hawkish outlook

U.S. strikes dozens of targets in Iran after intercepting missile attacks

KPMG Australia says no decision made on workforce after media report of 1,000 job cuts

Tax relief plan to benefit 3M workers, but cost P66B in foregone revenues — DoF

TWO TAX RELIEF MEASURES proposed by President Ferdinand R. Marcos, Jr. would benefit at least 3.13 million workers and 78,000 small businesses but cost the government about P66 billion in annual foregone revenue, the Department of Finance (DoF) said.

PHL rolls out interoperable direct debit facility and Instapay for businesses

THE BANGKO SENTRAL ng Pilipinas (BSP) and the Philippine Payments Management, Inc. (PPMI) have rolled out the Philippines’ first interoperable direct debit facility and introduced a real-time fund transfer facility for businesses.

Five Metro Manila IT parks apply for PEZA ecozone status

FIVE information technology (IT) parks and centers in Metro Manila are applying to become Philippine Economic Zone Authority (PEZA)-registered economic zones (ecozones), the Department of Trade and Industry (DTI) said.

Inflation risks likely weighed on Q2 economic growth

PHILIPPINE ECONOMIC GROWTH likely slowed to 2.5% in the second quarter as elevated inflation and subdued business confidence weighed on recovery, economists at the University of Asia and the Pacific (UA&P) said. In the July issue of The Market Call, UA&P trimmed its second-quarter gross domestic product (GDP) growth estimate to 2.5% from 2.6% previously. […]

Meralco first-half core income up 3.8% on generation, retail supply

MANILA Electric Co. (Meralco) posted a 3.8% increase in its consolidated core net income (CCNI) for the first half, driven by stronger contributions from its power generation and retail electricity supply businesses.

AboitizPower Q2 net income rises 31% on higher power prices

POWER producer Aboitiz Power Corp. (AboitizPower) reported a 31% increase in its second-quarter (Q2) net income, driven by stronger electricity prices, higher generation from its hydropower facilities, and contributions from newly commissioned solar plants. In a disclosure to the stock exchange on Wednesday, AboitizPower said its net income for the April-to-June period rose to P10.5 […]

Rockwell Land secures P15-billion BPI term loan

ROCKWELL LAND Corp. has secured a P15-billion term loan facility from the Bank of the Philippine Islands (BPI) to partially finance its capital expenditures and other general corporate requirements. In a stock exchange disclosure on Wednesday, the property developer said the proceeds would be used to partially fund its capital expenditures and other general corporate […]

Philex Q2 profit more than doubles on Padcal recovery, metal prices

PHILEX MINING Corp. more than doubled its second-quarter (Q2) attributable net income as operations at its Padcal mine normalized following rehabilitation works and gold and copper prices remained elevated. In a statement on Wednesday, the Manuel V. Pangilinan-led miner said attributable net income for the April-to-June period rose to P392 million, more than double the […]