Philippines Business News

Bad weather pushes PHL jobless rate to 4.8%

By Erika Mae P. Sinaking, Reporter The Philippines’ unemployment rate rose to 4.8% in May as job losses in agriculture, driven by bad weather, outweighed employment gains in services and other industries, the Philippine Statistics Authority (PSA) said on Wednesday. The unemployment rate increased from 3.9% a year earlier and 4.7% in April, while the […]

Philippine banks’ loan growth hits 15-month high in May

By Katherine K. Chan, Reporter Philippine banks’ loan growth posted its fastest pace in over a year in May amid faster lending for residents’ business activities, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed. Universal and commercial banks’ total outstanding loans, net of reverse repurchase agreements, grew by 12.1% year on year in […]

Super Typhoon Bavi enters PAR, prompts Storm Signal No. 1 in Luzon

Super Typhoon Bavi (international name), which has been monitored since last week, has entered the Philippine Area of Responsibility (PAR), prompting the hoisting of Storm Wind Signal No. 1 in several areas in Luzon, according to the state weather bureau on Wednesday. Bavi entered the PAR at around 3 a.m. and was formally assigned the […]

[Puso at diwa] Beyond the World Bank’s reclassification of PH as upper-middle income

The real challenge facing the Philippines is no longer simply to become wealthier, but to become better governed

IperionX Announces Pricing of Public Offering of American Depositary Shares

SOUTH BOSTON, Va., July 07, 2026 (GLOBE NEWSWIRE) -- IperionX Limited ("IperionX” or the "Company”) (Nasdaq:IPX; ASX:IPX) today announced the pricing of an underwritten public offering of 2,275,000 of its American Depositary Shares ("ADSs”), with each ADS representing 10 of its ordinary shares ("Public Offering”), at a price per ADS to the public of $21.98, for aggregate gross proceeds of approximately $50 million, before deducting underwriting discounts, commission and estimated offering expens

Eavor Advances Next-Generation Geothermal Technology with Support from the Government of Alberta

CALGARY, Alberta, July 07, 2026 (GLOBE NEWSWIRE) -- Eavor Technologies Inc. (Eavor), the geothermal technology company leveraging Alberta's drilling expertise to deliver scalable clean energy, has been awarded $8 million from the Government of Alberta's industry-supported Technology Innovation and Emissions Reduction (TIER) fund through Emissions Reduction Alberta (ERA)'s Drilling Technology Challenge. The funding will support Eavor-Jules™, an approximately $83 million project to advance the com

Production in Top Half of FY2026 Guidance

Quarterly Production of 42,491 oz AuEq1, Full Year2 168,337 oz AuEq Closing cash of $432 million - a $104 million increase from March 2026 Quarterly gold production of 42,491 AuEq1 oz, comprised of:MineGroup Q4 (1 Apr - 30 Jun 2026) Group YTD2 (1 Jul - 30 June 2026) ProductionTomingley20,896 Au oz 82,973 Au oz Costerfield10,117 Au oz 456 Sb t 11,659 AuEq oz 40,103 Au oz 1,298 Sb t 44,527 AuEq oz Björkdal9,935 Au oz 40,837 Au oz Consolidated40,949 Au oz 456 Sb t 42,491 AuEq oz 163,912 Au oz 1,298

U.S., Iran exchange strikes in Gulf; Fed minutes ahead - what’s moving markets

TEN YEARS IN THE MAKING. FXTRADING.COM IS JUST GETTING STARTED.

SYDNEY, July 8, 2026 /PRNewswire/ -- FXTRADING.com today marks ten years of operation, a milestone the CFD trading platform is using to set out what the next phase of its business will be built on: a trading and investment ecosystem engineered, built and owned end-to-end, in-house. A commitment they have labelled "engineered trust". 10 Years of Engineering Excellence Over the past decade, FXTrading.com has built its execution, risk systems, client portal and trading platforms internally rather t

Stuck on the Sidelines: Carlsberg reveals Three-Quarters of Adults Will Watch Football This Summer, but a Third Haven't Played a Game in Six Months or More

COPENHAGEN, Denmark, July 8, 2026 /PRNewswire/ -- A third of adults (31%) admit that they've not had a kickabout in six months or more*, compared to the whopping 73% who will watch a game this summer. Carlsberg unveils Goal Posters (across the UK) to encourage everyone to pick up a ball and have experience the joy of a kickabout this summer. With the summer of football now in full swing, Carlsberg has sought to change this and get people back out and experiencing the joy of playing football. Acc

Tiger Research Report: Institutional RWA Adoption Moves Beyond Tokenization to Capital Market Infrastructure Overhaul

SEOUL, South Korea, July 8, 2026 /PRNewswire/ -- Tiger Research, a Seoul-based blockchain research firm, reports that institutional RWA tokenization has entered a new phase. The real transformation is not in placing assets onchain, but in reconstructing the clearing systems, settlement layers, and liquidity networks underpinning every institutional transaction. According to rwa.xyz, onchain-issued assets reached approximately USD 34 billion as of May 2026, more than 20 times the USD 1.5 billion

NLCS (Singapore)'s Class of 2026 Delivers Outstanding IB Diploma Results

SINGAPORE, July 8, 2026 /PRNewswire/ -- A Proud Moment for the NLCS (Singapore) Community North London Collegiate School (Singapore) has announced one of its strongest International Baccalaureate Diploma Programme results to date, with the Class of 2026 achieving the highest outcomes in the school's history across several key measures. With caps in the air and futures ahead of them, the Class of 2026 celebrates the end of one remarkable chapter and the beginning of another, embodying the spirit

OTR Therapeutics Enters Strategic Collaboration with LG Chem to Accelerate Development of Novel Oncology Therapies

SHANGHAI, July 8, 2026 /PRNewswire/ -- OTR Therapeutics, a clinical-stage biotechnology company dedicated to transforming early-stage innovations into globally impactful therapies, today announced that it has entered into a strategic collaboration agreement with LG Chem, a leading global company that specializes in life sciences as one of its core businesses. The strategic alliance is structured to accelerate joint efforts to identify, evaluate and develop novel oncology assets from China. The c

Quantum BioPharma Provides Corporate Update

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. TORONTO, July 07, 2026 (GLOBE NEWSWIRE) -- Quantum BioPharma Ltd. (NASDAQ: QNTM) (CSE: QNTM) (FRA: 0K91) ("Quantum BioPharma” or the "Company”), a biopharmaceutical company dedicated to building a portfolio of innovative assets and biotech solutions, is pleased to announce the following corporate updates. Quantum Biopharma ha

TaiMed Biologics (4147) Receives TFDA Drug License Collection Notice for Trogarzo, Marking the Final Step Toward Commercial Launch in Taiwan

TAIPEI, July 07, 2026 (GLOBE NEWSWIRE) -- TaiMed Biologics (TPEX: 4147) announced today that its HIV therapy Trogarzo (ibalizumab; English name: Trogarzo Injection; Chinese name: 佐加洛注射劑) has officially received a Drug License Collection Notice from the Taiwan Food and Drug Administration (TFDA). Its commercialization partner, Orient EuroPharma Co., Ltd. ("Orient EuroPharma"; TPEX: 4120), will complete the required procedures to obtain the drug license in accordance with TFDA regulations, marking

TermPlus Fixed-Term Accounts Target 7.35% to 8.50% Per Annum for SMSF Investors as RBA Holds at 4.35% and Inflation Remains Above Target

TermPlus High-Yield Fixed-Term Accounts for SMSF Investors TermPlus Targets Up To 8.50%* Per Annum on a Five Year Term Sydney, Australia, July 07, 2026 (GLOBE NEWSWIRE) -- Australia's self-managed superannuation sector continues to grow. The latest Australian Taxation Office data shows 672,805 self-managed super funds as at March 2026. Those funds hold an estimated A$1.06 trillion in assets across 1,239,977 members. Cash and term deposits make up 16% of that total. That is around the lower end o

Signal No. 1 hoisted over six Luzon areas as super typhoon enters PAR

MANILA, Philippines – The state-run weather agency on Wednesday raised Signal No. 1 over six Luzon provinces as the super typhoon now called ‘Inday’ entered the Philippine Area of Responsibility (PAR). Affected areas include Batanes, Cagayan, including Babuyan Islands, the northern and central portions of Isabela, Apayao, the eastern portion of Kalinga, the northern portion of Aurora, and the northern and central portions of Catanduanes, the Philippine Atmospheric, Geophysical

J&T Express Average Daily Parcel Volume Exceeds 100 Million in the Second Quarter of 2026

Southeast Asia Parcel Volume Up 63.2% YoY and Other Markets Parcel Volume Up 136.5% YoY HONG KONG, July 8, 2026 /PRNewswire/ -- J&T Global Express Limited ("J&T Express" or "J&T" or the "Company", stock code: 1519.HK), a global logistics service provider, today announced its business update and operating metrics for the second quarter ended June 30, 2026. During the reporting period, the Company's total parcel volume reached 9.177 billion, up 24.2% year-on-year ("YoY"), with average daily parcel

68% of Americans Want to ‘Earn’ Their Way Out of Phone Bill, Survey Finds

National consumer survey reveals eroding loyalty to traditional telecoms, new gamification economy around phone bills Singapore, July 7, 2026 /MarketersMEDIA/ -- A new survey from Circles, the global technology company powering digital telco operators, reveals a powerful “gamification” opportunity around the monthly phone bill, a trust gap between traditional mobile carriers and financial institutions and growing consumer openness to mobile plans offered by banks and retailers. For the full surv

Next Leadership Development Launches Next Rise Summer Program

Empowering Boston's Youth with AI, Storytelling, and Resilience Building Boston, MA, July 07, 2026 (GLOBE NEWSWIRE) -- Monday marked the official launch of the 2026 six-week NextRise Summer program session, an initiative pioneered by the nonprofit Next Leadership Development. In strategic alliance with Icanpreneur, the Museum of African American History, New Generation Consultants & Associates, Tayla Made, Boston EMS, and All Aces, Inc. Twelve (12) youth and two (2) young adults ages 14-24 who r

Crypto News: Pepeto Presale Crossed $10.41M fast While XRP Price Prediction Targets $6 In 2026

DUBAI, United Arab Emirates, July 07, 2026 (GLOBE NEWSWIRE) -- Crypto news around Pepeto got impossible to ignore this week: the presale blew past $10.41 million with new wallets entering at double last month's pace, the name is spreading across every platform faster than any token this year, and growing in a red market prove it is the smart money pick for 2026. In this article, we will try to understand why they chose it. Here is the detail that makes it interesting. Among the wallets flowing i

Enerpac Tool Group Reports Third Quarter Fiscal 2026 Results*

Announces Definitive Agreement to Acquire SFE Group Net sales were $168 million, a 6% increase compared to the prior year, with a 3% increase in organic sales1.IT&S Product sales increased 5% organically year over year.Net earnings were $29.8 million, or $0.58 per diluted share. Adjusted net earnings were $31.0 million, or $0.60 per diluted share. Reported and adjusted EPS include a $0.08 benefit related to the expected refund of tariffs imposed under the International Emergency Economic Powers

ZETRIX TO POWER PUBLIC BLOCKCHAIN FOR THE PHILIPPINES GOVERNMENT

Partnership Marks Another Key Milestone for Expansion of Ecosystem Across ASEAN PETALING JAYA, Malaysia, July 8, 2026 /PRNewswire/ -- The Zetrix Layer-1 public blockchain platform is set to serve as the underlying protocol for the public blockchain of the Philippines, following the signing of a landmark Memorandum of Understanding ("MOU") between Malaysia's Zetrix AI Berhad group and the Philippines government. (L-R) Datuk Mohd Jimmy Wong Abdullah, Chairman of My Blockchain Infrastructure Sdn. B

Enerpac Tool Group to Acquire SFE Group, Adding Extensive Portfolio of Premium Industrial Tool Brands

SFE Group generated on a trailing twelve months basis sales of approximately $170 million and approximately $44 million of adjusted EBITDA1.Acquisition will expand Enerpac’s exposure to higher-growth geographies and end markets.Expect the acquisition to be accretive to fiscal 2027 adjusted EPS2.Enerpac to provide further details on earnings conference call on July 8th, 2026 at 7:30 am CT. MILWAUKEE, July 07, 2026 (GLOBE NEWSWIRE) -- Enerpac Tool Group Corp. (NYSE: EPAC) (the "Company” or "Enerpa