Philippines Business News

Multiverse Computing Announces Series C Fundraising Targeting up to $570M (€500M) to Power Efficient AI from Edge to Cloud

Forgepoint Capital International, BNPP Solar Impulse Venture Fund, and Bullhound Capital lead the round as a consortium of global technology firms, sovereign funds, and strategic investors converge on efficient AI SAN SEBASTIAN, Spain, July 27, 2026 (GLOBE NEWSWIRE) -- Multiverse Computing, the global leader in efficient AI, today announced a $570 million (€500M) Series C funding round at a $1.7 billion (€1.5B) pre-money valuation, a 5x step-up from its Series B. The round is co-led by Forgepoin

HIT co-hosts 2nd International Conference on Climate Leadership, launching the Climate Leadership Initiative

Harbin Institute of Technology HARBIN, China, July 27, 2026 (GLOBE NEWSWIRE) -- The 2nd International Conference on Climate Leadership was held in Harbin, the Summer Capital, from July 18 to 20, 2026. Co-hosted by the Business School, Harbin Institute of Technology, the Bartlett School of Sustainable Construction, UCL, and the Chinese Economic Association UK/Europe, the conference gathered over 300 experts and scholars from 111 universities and research institutions across 23 countries and regio

Watch : Imee Marcos, other minority bloc senators won't attend SONA

Sen. Imee Marcos says she and other members of the Senate minority bloc will not attend the fifth State of the Nation Address (SONA) of her brother, President Ferdinand Marcos Jr., on July 27, 2026. Speaking to reporters, the senator said she was disheartened over what she described as the treatment of her colleagues in the minority bloc. She said that Senators Alan Peter Cayetano, Robin Padilla and Loren Legarda also would not attend this year's SONA. VIDEO BY CATHERINE VALENTE Check out our St

BREAKING: President Marcos' sona will last for about 1 hour & 20 minutes — Palace

BREAKING: President Marcos' sona will last for about 1 hour & 20 minutes — Palace Check out our Streaming Channel: https://streaming.manilatimes.net/ Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribe Visit our website at https://www.manilatimes.net Follow us: Facebook - https://tmt.ph/facebook Instagram - https://tmt.ph/instagram Twitter - https://tmt.ph/twitter DailyMotion - https://tmt.ph/dailymotion Subscribe to our Digital Edition - https://tmt.ph/digital Check out our

High-tech Power Inspection Safeguards Scenic Spot in Jinchang

JINCHANG, China, July 27, 2026 /PRNewswire/ -- State Grid Jinchang Power Supply Company has launched a targeted safety inspection at Zijing Flower Sea Scenic Area, a 4A-level tourist attraction in Jinchang, Gansu, known as a stunning "purple secret land on the northwest Gobi". Against the backdrop of blooming lavender and verbena flowers, the scenic area welcomes its peak summer tourist season, with booming night tourism, catering and lighting operations driving a sharp rise in power load. Expos

BDO net income hits P40.7 billion in first half

BDO UNIBANK, Inc. booked a net profit of P40.7 billion in the first semester as strong core business growth offset higher credit costs. This was higher than the P40.6 billion posted in the same period last year, resulting in a return on equity of 12.7% as of end-June 2026. Net interest income rose by 11% […]

UnionBank’s first-semester net income jumps 113%

UNION BANK of the Philippines’ (UnionBank) net income surged 113% to P6.9 billion in the first half on the back of strong revenue growth and improved asset quality. Net revenues went up by 9% year on year to P43.1 billion, driven by consumer loans, low-cost deposits, and fee income. Net interest income went up by […]

Urban poor group presses Marcos on housing, evictions ahead of SONA

Urban poor group Kalipunan ng Damayang Mahihirap (KADAMAY) urged the Marcos administration to halt forced evictions and implement a comprehensive housing program ahead of President Ferdinand R. Marcos Jr.’s fourth State of the Nation Address (SONA), saying urban poor communities continue to bear the burden of rising living costs, displacement, and inadequate access to basic […]

3 deaths, nearly 300,000 persons affected due to Tropical Storm Noul

Fatalities reached three due to the effects of Tropical Storm Noul, locally named Kiyapo, while affected individuals climbed to nearly 300,000, according to the Office of Civil Defense (OCD) on Monday. Sarangani reported two deaths, both of which are under validation, while one fatality was reported in Davao, Diego Augustin Mariano, OCD deputy spokesperson told […]

Noul weakens into LPA; southwest monsoon to still drench Luzon – PAGASA

Tropical Cyclone Noul, locally known as Kiyapo, which caused widespread flooding in Mindanao, has weakened into a low pressure area, but the southwest monsoon is still expected to bring thunderstorms over Luzon, according to the state weather bureau on Monday. The remnants of Noul were last located 1,135 kilometers northwest of Extreme Northern Luzon, outside […]

Could oil at $120 finally push the Bank of England into a rate hike?

Crystal Bridges earmarks P6.7 billion for initial Primewater rehabilitation program

Crystal Bridges Holdings Corp., a holding firm owned by the family of retailer Lucio Co, has earmarked more than P6.7 billion for the initial phase of its rehabilitation and expansion program for Primewater Infrastructure Corp., following the completion of its acquisition of the water utility in May. The investment will fund infrastructure upgrades and service […]

As Santa Rosa grows, SMDC sees a new kind of residential opportunity emerging in the South

A good residential location in the Philippines was often defined by its proximity to Metro Manila.

AMRO sees Philippines posting third fastest inflation in ASEAN+3 this year

By Katherine K. Chan, Reporter Philippine inflation this year could be slower than earlier anticipated, but may still be the third fastest among the country’s regional peers, the ASEAN+3 Macroeconomic Research Office (AMRO) said. In its latest ASEAN+3 Regional Economic Outlook, the think tank cut its inflation forecast for 2026 to 5.7% from 6% in […]

Why Energy Secretary Garin says Pax Silica is ‘too dangerous’ to plug into grid

Energy Secretary Sharon Garin tells Rappler why Pax Silica will likely need its own power system if plugged into the Luzon grid

Red Sea shipping decelerates after Houthi attacks on Saudi ships - Reuters

U.S., Iran pause fighting; earnings parade this week - what’s moving markets

Ascentage Pharma Chairman and CEO Dr. Dajun Yang Named to The Medicine Maker Power List 2026

ROCKVILLE, Md. and SUZHOU, China, July 26, 2026 (GLOBE NEWSWIRE) -- Ascentage Pharma Group International (NASDAQ: AAPG; HKEX: 6855), a global, commercial-stage, integrated biopharmaceutical company engaged in the discovery, development and commercialization of novel therapies to address unmet medical needs in cancer, today announced that its Chairman and Chief Executive Officer, Dr. Dajun Yang, has been named to The Medicine Maker Power List 2026, ranking No. 3 among the Top 10 in the Small Mole

Monsoon rains to drench parts of Luzon, including Metro Manila – Pagasa

MANILA, Philippines – The prevailing southwest monsoon (habagat) will drench parts of Luzon, including Metro Manila, the weather bureau said on Monday. Metro Manila, Ilocos Region, Cagayan Valley, Cordillera Administrative Region, Mimaropa, Zambales, Bataan, Bulacan, Cavite, Laguna, and Batangas will experience scattered rains and thunderstorms. Moderate to heavy rains could result in flash floods or landslides, the Philippine Atmospheric, Geophysical and Astronomical Services Administrati

Seaweed extract shown to relieve prostate symptoms

In a breakthrough clinical trial undertaken by Australian biotechnology company Marinova, a unique seaweed extract has been shown to relieve the symptoms of benign prostatic hyperplasia (BPH). HOBART, Australia, July 27, 2026 /PRNewswire/ -- A randomised, double-blind, placebo-controlled clinical trial evaluated the effects of fucoidan, a naturally occurring compound found in brown seaweed, on men with BPH (prostate enlargement). Undaria pinnatifida seaweed - the source of Marinova's high purity

New Crypto Pepeto Advances DeFi Tools While Bitcoin Price Target $180,000 and Whales Load Next Dogecoin

Dubai, UAE, July 26, 2026 (GLOBE NEWSWIRE) -- Pepeto is preparing a revolution in DeFi trading with its zero-fee exchange, and the timing is making considering presales, the crypto side that hands most of returns during bull markets, urgent to look at: the boldest Bitcoin price on the table now Target $180,000. New Crypto Pepeto presale rounds are filling at record pace, the community is outgrowing every rival project, and the crypto news that matters most is on-chain: the wallets buying Pepeto

Osome Eyes the Next Wave of AI Companies Choosing Singapore

SINGAPORE, HONG KONG and LONDON, July 27, 2026 /PRNewswire/ -- Osome, the AI company management platform trusted by more than 50,000 tech founders and solopreneurs globally, is strengthening its support for the next wave of AI companies choosing Singapore as their regional base. Osome's business dashboard Singapore's appeal continues to grow as leading AI companies establish a stronger presence. OpenAI has committed S$300 million (US$234 million) to the country's AI ecosystem, while Cognition ha

Media OutReach Newswire Strengthens USA Distribution Network

The newswire guarantees online postings on USA Today and increases its guaranteed distribution on high-domain-rating local US news sites to empower AI visibility HONG KONG SAR - Media OutReach Newswire - 20 July 2026 - Media OutReach Newswire, the first global newswire founded in Asia Pacific, has expanded its USA distribution network with additional guaranteed news postings. Guaranteed news postings on USA Today Through new strategic agreements, Media OutReach Newswire now provides clients with

Aussie great McEvoy masters Commonwealth gold

GLASGOW — Australian swimming great Cameron McEvoy blew away the field to win his first individual Commonwealth Games gold in the 50 meters freestyle as England's Adam Ramsay-Peaty bounced back to reach the final of the 50m breaststroke. McEvoy smashed the Commonwealth Games record and led home an Aussie 1-2-3 from Flynn Southham and Jamie Jack. The 32-year-old had previously won silver and bronze in the 50m freestyle back in Glasgow in 2014 and an home soil in the Gold Coast four years la