Philippines Business News

Vietnam's Aquatic Entertainment Landscape Enters a New Era as Landmark Attractions Raise the Bar

VANCOUVER, BC, Oct. 15, 2026 /PRNewswire/ -- Vietnam's aquatic entertainment landscape is entering a new chapter. As the country continues to develop major tourism and leisure destinations, waterparks are increasingly becoming signature attractions in their own right-combining distinctive design, record-breaking rides, innovative technology and experiences designed to give visitors new reasons to explore and return. WhiteWater celebrated three major openings in Vietnam in recent one year Over th

Mindanao politician linked to drug shipment seized in Laos — PDEA

MANILA, Philippines — A politician in Mindanao was tagged by the Philippine Drug Enforcement Agency (PDEA) as the financier of the chartered plane that carried 521 kilograms of suspected shabu worth P3.54 billion seized in Laos. PDEA spokesman Joseph Frederick Calulut however declined to identify the politician. He said that the suspect is a member of a political party that is opposed to the Marcos administration. Calulut said the politician paid P3.1 million for the chartered plane.

Stock indices as of October 15, 2026

Pope Leo is eating, celebrating Mass and walking after cancer surgery, but trip is in question

ROME — Pope Leo XIV resumed his regular diet, began walking and celebrated Mass in the hospital Wednesday as he recovered from surgery to remove a cancerous mass from his lung, the Vatican said. Questions remained about whether the cancer had spread, while Peru’s president suggested Leo might have to alter his planned visit to Latin America next month. Blood tests and a chest X-ray showed the 71-year-old pope was recovering normally, his two doctors said. “The Holy Father underwent respiratory p

Yemen's Houthis look to build ballistic missiles with more Chinese supplies, report says

YEMEN'S Iran-backed Houthi rebels are attempting to build a new advanced medium-range ballistic missile system with the help of Chinese parts, according to a new report released Wednesday by a group that tracks the use of weapons in conflict zones. The report by the U.K.-based Conflict Armament Research group came as the Houthis, in their ongoing war with Saudi Arabia, are demonstrating remarkable ability to wreak havoc on one of the Middle East’s best equipped militaries. The weaponry und

DaltonTx awarded grant to accelerate AI-powered tuberculosis drug discovery

Funding from the Gates Foundation supports development of open-access AI models, workflows and datasets to help researchers identify new tuberculosis (TB) targets for faster and more cost-effective drug discoveryProject will analyse hundreds of essential TB proteins at proteome scale, demonstrating Dalton’s ability to tackle complex scientific challenges Collaboration with Ersilia will make findings accessible to researchers across the Global South LONDON, Oct. 15, 2026 (GLOBE NEWSWIRE) -- Dalto

iOnctura appoints Paul Sekhri as Chair of its Board of Directors

Paul Sekhri is a life science executive with more than 35 years of experience building and leading companies from early development through commercializationAppointment comes as iOnctura prepares for late-stage development of roginolisib, with its two randomized studies fully enrolledStrengthens iOnctura’s Board with extensive experience in company building, strategic transactions and financing GENEVA, AMSTERDAM and CAMBRIDGE, Mass., Oct. 15, 2026 (GLOBE NEWSWIRE) -- iOnctura, a clinical-stage p

Mission Therapeutics doses first Parkinson’s patient in Phase 1b study of potential disease-modifying treatment MTX325

MTX325 is a first-in-class, highly potent, orally bioavailable, brain-penetrant USP30 inhibitor designed to modify the course of Parkinson’s by improving mitochondrial controlPhase 1b ‘MTX325-101’ study - taking place in UK, Europe and Australia - will assess MTX325’s clinical proof-of-mechanism, safety and tolerability in 36 patients with mild to moderate Parkinson’s diseaseComes after successful completion of Phase 1a study of MTX325 in healthy volunteers CAMBRIDGE, United Kingdom, Oct. 15, 20

Globe ramps up mobile, network connectivity

Globe Telecom said it is expanding its network infrastructure and exploring satellite direct-to-cell technology to improve mobile connectivity.

IEA to complete release of 100M barrels from March intervention

Shape of Pope Leo’s papacy more uncertain after cancer diagnosis

VATICAN CITY — When US Cardinal Robert Prevost emerged on the balcony of St. Peter’s Basilica in May…

UPS unveils largest PHL investment with $80-million Clark logistics hub

Logistics giant United Parcel Service, Inc. (UPS) has unveiled its new $80-million international air hub in Clark, Pampanga,…

Iran’s deputy army chief warns ships not to attempt Hormuz crossings - Al Jazeera

El Niño damage to agriculture hits P6.8 billion

Agricultural damage has reached P6.8 billion this year as several areas struggle with dry spells linked to the very strong El Niño phenomenon in recent months.

Peso breaches 63-level vs dollar, hits record low

The Philippine peso breached the P63:$1 level for the first time on Thursday, hitting a fresh record low against the US dollar amid renewed tensions in the Middle East.

Philippine cash remittances drop to 3-month low in August

MONEY sent home by migrant Filipinos grew by 1.9% year on year in August to $3.035 billion, the…

UBS now expects a third Fed rate hike after hot September inflation print

[Good Business] Rethinking enterprise as a force for good

The challenge is not simply to declare that business should be a force for good. It is to make that commitment visible in how capital is invested, people are treated, and growth is pursued.

UK Autumn Budget seen delaying tough calls to 2027 as headroom shrinks

Eight US states sue OpenAI, claiming ChatGPT harms young users

A BIPARTISAN group of eight states said on Wednesday they had sued OpenAI in courts across the country…

Judge extends White House access for CNN, MS NOW, Politico amid legal fight

WASHINGTON — A federal judge extended access to the White House for CNN, MS NOW and Politico journalists,…

Two ships sink near Hormuz after being hit by projectiles amid surge in attacks

LONDON — A container ship and a dry bulk carrier have both sunk near the Strait of Hormuz…

Trump says he hopes Pope Leo will ‘get better fast’

BULLHEAD CITY, Arizona — President Donald Trump said on Wednesday he hoped that Pope Leo, who has been…

Analysts say UK’s August growth beat opens door to higher interest rates