Philippines Business News

PCA seeks additional P1.26 billion for replanting program

The Philippine Coconut Authority is seeking P1.26 billion in additional funding to meet its coconut-replanting target this year to replace aging trees.

Philippines keeps US sugar quota, gets 2nd highest allocation

The Philippines has secured a 145,235 metric ton raw value export quota for raw cane sugar to the United States, according to the Office of the US Trade Representative.

PLDT data centers ready to store top-secret government data

Telco giant PLDT Inc. is ready to support the government in its policy to house highly sensitive information within the Philippines to strengthen national security and promote data residency.

PNB earnings up 17% to P14.6 billion in H1

Lucio Tan-led Philippine National Bank posted a 17-percent increase in first-half net income as stronger lending activity, higher fee-based revenues and improving asset quality helped offset a volatile operating environment.

Singapore’s Ikhlas Capital eyes more Philippine investments

After betting on the Philippines’ cold chain logistics and banking sectors, Singapore-based Ikhlas Capital is scouting for its next investments, including opportunities with Filipino conglomerates.

SM on track to meet emissions reduction goal

SM Investments Corp., the parent company of the SM Group, is confident about achieving its emissions reduction goal, saying that it is on track with its target given ongoing initiatives across its businesses and investments in renewable energy and energy efficiency.

Stocks slip on new US tariffs, record low peso

The local stock market ended the week in the red territory, finishing slightly lower yesterday as the United States imposed new tariffs on Philippine exports and the peso sank to a new record low.

US slaps new tariffs on Philippines 59 partners

Philippine exports to the United States are set to face a new 12.5-percent tariff after the Trump administration imposed duties on trading partners accused of failing to block goods made with forced labor. The Office of the US Trade Representative announced yesterday (Manila time) new tariffs of 10 percent and 12.5 percent on 60 economies, including the Philippines, after a months-long probe into alleged gaps in enforcing forced labor bans.

GAC Becomes Official Automotive Partner of Melbourne City FC, Strengthening Commitment to the Australian Market

MELBOURNE, Australia, July 24, 2026 /PRNewswire/ -- On 24 July 2026, GAC and Australian professional football club Melbourne City FC officially announced a strategic partnership at AAMI Park. As a key member of City Football Group, Melbourne City FC is one of Australia's leading professional football clubs, with strong competitive performance and an extensive supporter base. Under the partnership, GAC will become the Official Automotive Partner of Melbourne City FC, further strengthening the bra

LeBron James joins 76ers, says it's his 'last decision'

PHILADELPHIA — LeBron James is heading to the Philadelphia 76ers. James made the announcement on social media Friday, saying it will be his “last decision” and that it comes after he strongly considered retirement. “I believe I can help make the Philadelphia 76ers a championship team and I am so excited to energize a new fan base and start this incredible journey one last time,” James said.

The Bahamas Launches "It’s More Bahamas Season” With $250 Instant Savings Offer to Fuel Fall Travel

It's More Bahamas Season The Bahamas Ministry of Tourism unveils promotion featuring a $250 instant savings Nassau, The Bahamas, July 24, 2026 (GLOBE NEWSWIRE) -- The Bahamas Ministry of Tourism today unveiled its "It’s More Bahamas Season” promotion featuring a $250 instant savings incentive, offering North American travelers a high-value gateway to the islands for the upcoming autumn season. With warm island breezes, peaceful beaches, and plenty of adventures for visitors to experience, it’s a

Mexico's Supreme Court Confirms That the Takeover of The Dolphin Company Was Illegal

On June 30, 2026, Mexico's Supreme Court of Justice of the Nation confirmed the March 31 ruling of the Eighth Collegiate Circuit Court for Civil Matters of the First Circuit, finalizing the nullification of the process that removed Eduardo Albor from company administration.The decision renders void the Chapter 11 proceedings opened in Delaware, U.S., as they relied on corporate acts already invalidated by Mexican courts. MIAMI, July 24, 2026 (GLOBE NEWSWIRE) -- On March 31, 2026, the Eighth Coll

Higher Images Launches National AI Visibility Readiness Initiative for Small Businesses

Educational initiative helps business owners evaluate how accurately their companies are represented across websites, search engines, online directories, and AI-powered discovery platforms Higher Images Launches National AI Visibility Readiness Initiative for Small Businesses Higher Images has launched its national Small Business AI Visibility Readiness Initiative to help business owners evaluate how clearly and consistently their companies are represented across websites, search engines, online

Long DeFi Announces Its Next-Generation AI Computing Infrastructure, Showing How Ordinary People Can Leverage Tens of Millions of Computing Power

NEW YORK, July 24, 2026 (GLOBE NEWSWIRE) -- Long DeFi today announced the continued expansion of its global AI computing infrastructure, introducing new high-performance cloud computing resources designed to support the rapidly growing artificial intelligence economy. As AI applications continue to expand across industries, businesses, developers, and entrepreneurs are entering a new era of digital innovation and productivity. Through its distributed computing platform, Long DeFi aims to provide

Beacon Hill Solutions Group Opens Salt Lake City Office to Support Utah's Growing Technology Market

SALT LAKE CITY, Utah, July 24, 2026 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE Beacon Hill Solutions Group Opens Salt Lake City Office to Support Utah's Growing Technology Market SALT LAKE CITY, Utah - Beacon Hill Solutions Group has expanded its national footprint with the opening of a new office in Salt Lake City, Utah, strengthening the firm's ability to support employers and job seekers across one of the country's fastest-growing technology hubs. The office is led by Jeff Platt, Division Dire

Colorado’s Top Technology Executives Honored at the 2026 Colorado ORBIE Awards

Leading CIOs honored for leadership, innovation, and business impact at the Colorado ORBIE Awards on July 23, 2026 at the Sheraton Denver Downtown. DENVER, July 24, 2026 (GLOBE NEWSWIRE) -- The 2026 Colorado ORBIE Awards honored leading chief information officers (CIOs) from Johns Manville, Bio-Techne, Cetera Financial Group, Sage Hospitality Group, iFit, and Holland & Hart LLP, for their exceptional leadership. Hosted by ColoradoCIO, one of over 50 Inspire Leadership Network chapters, the prest

Higher Images Surpasses 10,000 Websites and 10 Million Leads Generated for Businesses

Full-service digital marketing and advertising agency marks major performance milestones while expanding its focus on measurable conversions and AI-powered customer discovery Higher Images Celebrates 10,000+ Websites and 10 Million+ Leads Linda Jo Thornberg, President of Higher Images, presents the digital marketing agency’s milestone achievements of upwards of 10,000 websites built and more than 10 million leads generated for businesses. Based in the Pittsburgh region and serving clients nation

MJH Life Sciences® Named a 2026 Top Workplace, Reinforcing Its Position as the Leading Health Care Engagement Network for Talented Associates

CRANBURY, N.J., July 24, 2026 (GLOBE NEWSWIRE) -- MJH Life Sciences® has been named a New Jersey Top Workplaces 2026 winner by NJ Advance Media, based on a confidential employee survey administered by Energage LLC. The recognition affirms what the company has long positioned itself to be: the place where health care’s most driven professionals choose to build a meaningful career. "We didn’t set out to build a good place to work, we set out to build the place where the best people want to spend t

Latham International Launches £50,000 Signature Membership to Redefine Luxury Matchmaking for High-Net-Worth Clients

Exclusive concierge-style relationship program combines bespoke matchmaking, executive coaching, and international lifestyle support London, UK, July 24, 2026 (GLOBE NEWSWIRE) -- Latham International, the luxury international matchmaking and relationship consultancy founded by Empress Donna Latham, has announced the launch of its exclusive Signature Membership, a bespoke £50,000 matchmaking program designed for successful professionals, entrepreneurs, executives, and high-net-worth individuals s

Federal Home Loan Bank of Des Moines Announces Second Quarter 2026 Financial Results, Declares Dividend

DES MOINES, Iowa, July 24, 2026 (GLOBE NEWSWIRE) -- Second Quarter 2026 Highlights Net income of $251 millionAffordable Housing Program (AHP) assessments of $28 millionVoluntary housing and community contributions of $30 millionAdvances totaled $124.5 billionMortgage loans held for portfolio, net totaled $15.5 billionLetters of credit totaled $21.0 billionRetained earnings totaled $4.0 billion "The Bank’s earnings remained robust during the first half of 2026 as a result of members’ continued us

Fly.io Doubles Down on Computers for Agents with $25M to Deliver the Next Generation of AI Infrastructure

Funding, customer adoption, and new CEO Scott Johnston accelerate Fly.io’s vision for infrastructure purpose-built for AI agents and the applications they build SAN FRANCISCO, July 24, 2026 (GLOBE NEWSWIRE) -- AI agents are transforming how software is built and deployed. For nearly a decade, Fly.io has helped developers build and run software. Now, as agents increasingly build, operate, and deploy software alongside people, Fly.io recognizes that AI agents require a fundamentally different kind

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