Philippines Business News

Brazil recalls ambassador to Argentina over Milei's Bolsonaro rally speech

SAO PAULO, Brazil — recalled its ambassador to Argentina for consultations Sunday following "insults" leveled by President Javier Milei against his Brazilian counterpart Luiz Inacio Lula da Silva and others at a Sao Paulo political event, the foreign ministry said. The libertarian leader of Argentina referred to Brazil's leftist incumbent president as a "convict" and a "thief," without naming him explicitly, during an event on Saturday formally nominating right-wing presidential candidate

Bank Indonesia governor Perry Warjiyo resigns unexpectedly; rupiah slips

UK's Burnham to welcome Zelensky in first foreign leader visit

LONDON, United Kingdom — British Prime Minister Andy Burnham will on Monday host Ukrainian President Volodymyr Zelensky as his first foreign leader since taking office a week ago, to underline London's "unwavering support" for Kyiv. The pair were set to visit a British naval base and hear from both countries' armed forces personnel involved in training Ukrainian service members for battle, Burnham's Downing Street office announced late Sunday. It said he would vow "to continue the unbreaka

Jenny Shin claims her first LPGA win in more than a decade at Women's Scottish Open

TROON, Scotland — South Korean golfer Jenny Shin secured a two-shot victory at the Women’s Scottish Open on Sunday to end a wait of more than 10 years for her second LPGA win. The 33-year-old Shin, who won the Texas Shootout in May 2016, carded a 3-over 75 on the Dundonald Links to finish at 9 under. “My first one didn’t really feel like a win at the time,” Shin said. “I didn’t feel like I deserved it. It felt very accidental. But this one definitely fee

Proud Antonelli salvages third as Mercedes limit damage

BUDAPEST, Hungary — World championship leader Kimi Antonelli said he was proud of his and Mercedes’ damage limitation efforts on Sunday after he finished third to extend his advantage in the Hungarian Grand Prix. The 19-year-old Italian battled for a podium finish having been hit with a grid penalty to seventh place after a yellow flag infringement in qualifying. "I think it’s a good result," he said. "It was damage limitation after yesterday and we really had to fight for it b

Baker Hughes Announces Second-Quarter 2026 Results

Second-quarter highlights Orders of $10.5 billion, including $7.1 billion of IET orders. RPO of $40.1 billion, including record IET RPO of $37.1 billion.Revenue of $6.7 billion.Attributable net income of $681 million.GAAP diluted EPS of $0.68 and adjusted diluted EPS* of $0.64.Adjusted EBITDA* of $1,231 million.Cash flows from operating activities of $1,345 million and free cash flow* of $1,109 million. HOUSTON and LONDON, July 26, 2026 (GLOBE NEWSWIRE) -- Baker Hughes Company (Nasdaq: BKR) ("Ba

Lucas Museum to display unseen 'Star Wars' pieces, curator says

SAN DIEGO, United States — The Lucas Museum of Narrative Art -- founded by legendary "Star Wars" creator George Lucas and his wife -- will see previously undisplay items from the hit sci-fi series after it opens later this year, its curator told AFP. "We are the home of the Lucas Archives, the Lucasfilm production materials," Ryan Linkof said. "So we'll have an exhibition on 'Star Wars' that includes some really special pieces that have never been exhibited before." More than 1,300 objects

Ariana Grande’s foundation shows how celebrity giving is evolving

SANTA MONICA, California — For years, pop star Ariana Grande gave away money, mostly quietly and without much structure. There were annual gifts to England’s Royal Manchester Children’s Hospital. Sometimes a night’s performance proceeds were handed to nonprofit groups. She anonymously funded a holiday gift drive for transgender young people in addition to launching a $3 million fundraising event for transgender youths in 2022. Now those scattered acts of giving have a nam

A fatal attack on Berlin's Pride festival leaves locals wondering how their city will recover

BERLIN — For Ali Darwich, the deadly attack on the Berlin Pride Festival was an attack on the city of Berlin and everything it stands for: its diversity, its tolerance and its belief in freedom. On a personal level, it also was an attack on everything the Berliner embodies. “Born a Muslim, living as a gay man, working as a police officer," Darwich said, as he tried holding back the tears, “this terror attack touches so many aspects of who I am.” Saturday night's van rammi

Tadej Pogacar confirms status as a cycling great with record-equaling fifth Tour de France title

PARIS — Tadej Pogacar confirmed his status as one of cycling's all-time greats after winning a record-equaling fifth Tour de France title in emphatic style. Daring mountain attacks from deep, multiple stage wins and an ice-cool temperament all helped the 27-year-old Slovenian seal his victory on Sunday. He joined Belgian Eddy Merckx, Spaniard Miguel Indurain and Frenchmen Jacques Anquetil and Bernard Hinault as the only riders to win five Tours. “I’m speechless. It’s an i

TOESCOIN Announces Engagement with Crypto-Focused Investment Firm

Solana memecoin community says traditional VC firm has expressed interest in supporting the project with up to $250,000 over time DUBAI, United Arab Emirates, July 26, 2026 (GLOBE NEWSWIRE) -- TOESCOIN ($TOES), the premium toe-tapping memecoin on Solana, today announced that it is in discussions with a major Japanese VC firm with roots in traditional venture capital that has been expanding into digital assets. According to TOESCOIN's community, the engagement includes a proposed contribution of

Baker Hughes Declares Quarterly Dividend

HOUSTON and LONDON, July 26, 2026 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR) announced today that the Baker Hughes Board of Directors declared a quarterly cash dividend of $0.23 per share of Class A common stock payable on Aug. 17, 2026, to holders of record on Aug. 7, 2026. Baker Hughes expects to fund its quarterly cash dividend from cash generated from operations. About Baker Hughes: Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industria

RxSight Reports Inducement Grants as Permitted by the Nasdaq Listing Rules

ALISO VIEJO, Calif., July 26, 2026 (GLOBE NEWSWIRE) -- RxSight, Inc. (NASDAQ: RXST) today announced that on July 24, 2026, RxSight granted inducement stock options to purchase a total of 571,286 shares of RxSight’s common stock and inducement restricted stock units (RSUs) covering a total of 2,312,138 shares of RxSight’s common stock to Aziz Mottiwala, RxSight’s new President and Chief Executive Officer in connection with his commencement of employment with RxSight. The inducement stock options

After Arrest Controversy, "Empire State Building Couple" Angela Nikolau and Ivan Beerkus to Address Recent Incident on Gosh Live

The couple said on social media that they will soon go live on Gosh Live to talk about life after the Empire State Building incident and the questions they want to answer directly. Safety note:Gosh does not encourage or endorse dangerous, illegal or unauthorised activities. The livestream is intended solely as an entertainment and community interaction session. NEW YORK, July 27, 2026 /PRNewswire/ -- Angela Nikolau and Ivan Beerkus, the creator couple known for rooftopping and high-altitude visu

Singapore central bank surprises with second straight policy tightening

RCBC's 7th straight Euromoney win proves digital banking delivers

Digital banking has entered a new phase. Technology remains essential, but leadership belongs to institutions that use innovation to solve real-world problems and deliver meaningful value to customers.

Infrastructure spending falls in May

INFRASTRUCTURE SPENDING plunged by an annual 35% in May amid strengthened review and validation processes, according to the Department of Budget and Management (DBM).

Philippine exports worth $6.25 billion exposed to 12.5% US tariff — DTI

THE UNITED STATES’ new 12.5% tariff on imports from the Philippines could affect about $6.25 billion worth of Philippine-made goods, according to the Department of Trade and Industry (DTI).

PHL banks’ NPL ratio slips to 6-month low

THE PHILIPPINE BANKING sector’s bad loan ratio slipped to a six-month low in June as easing inflation made repayments more manageable, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed.

Investors seek achievable SONA agenda — analysts

INVESTORS will look beyond new policy promises in President Ferdinand R. Marcos, Jr.’s State of the Nation Address (SONA) on Monday, with analysts saying the stock market’s longer-term direction will hinge on whether the administration can deliver concrete, time-bound reforms during the remainder of its term.

Globe, Japan’s KDDI partner to explore mobile, digital services

GLOBE TELECOM, Inc. has partnered with Japan’s telecommunications and digital services company KDDI Corp. to explore new mobile, retail, and digital services in the Philippines. “This strategic partnership with KDDI gives us the opportunity to learn from one of the world’s most advanced telco and digital ecosystems, while bringing Globe’s deep understanding of the Filipino […]

Atlas Mining stock jumps on earnings, redevelopment

SHARES of Atlas Consolidated Mining and Development Corp. climbed last week after the company reported a turnaround in first-half earnings amid higher commodity prices and as its mining pit redevelopment program nears completion, analysts said.

A year of reactive measures, proactive reforms

Entering the second half of his presidential term, President Ferdinand “Bongbong” R. Marcos, Jr. was confronted by challenges on several fronts. Headlined by local political tensions, geopolitical confrontations, and a slumping economy, the President had to navigate a year in which his administration pursued structural reforms while balancing immediate economic pressures with longer-term efforts to […]

DTI holds Kapihan with MSMEs to bring support closer to Filipino businesses

Department of Trade and Industry (DTI) Secretary Ma. Cristina A. Roque opened the Kapihan with MSMEs: Connecting MSMEs with Government Support at the DTI MSME Hub in Makati City, reaffirming the government’s commitment to making business support programs more visible, accessible, and responsive to the needs of Filipino entrepreneurs. In her message, Ms. Roque emphasized […]