Philippines Business News

WEKA Debuts NeuralMesh 6 to Power Enterprise and Agentic AI Workloads at Production Scale

The most significant software release in the company's history extends what's possible for agentic AI and other accelerated compute workloads. NeuralMesh 6 redefines inference economics with native multi-tenancy, a unified file-and-object protocol stack built on NVMe, intelligent data mobility with replication and remote caching support, always-on data reduction with performance guarantees, Kubernetes-native operations, and unified observability. CAMPBELL, Calif., July 22, 2026 /PRNewswire/ -- W

WEKA Unveils WEKApod 3: The World's Densest AI Storage and Memory System for Agentic Workloads

New WEKA-engineered systems dramatically reduce energy consumption, infrastructure costs, operational complexity, and shrink the datacenter footprint, achieving 267% higher effective capacity density and 114% higher performance density than market alternatives in a single rack for highly efficient, production-ready AI factories and inference infrastructure that deliver breakthrough economics. CAMPBELL, Calif., July 22, 2026 /PRNewswire/ -- WEKA, the AI data and memory infrastructure company, tod

SuperX and Mercuria Asia Forge Strategic Partnership to Build Innovative AI Infrastructure Ecosystem

SINGAPORE, July 22, 2026 /PRNewswire/ -- SuperX AI Technology Limited (NASDAQ: SUPX, hereinafter referred to as "SuperX") and Mercuria Asia (hereinafter referred to as "Mercuria"), the Asia Pacific platform of Mercuria Energy Group today announced the establishment of a strategic partnership. As part of this partnership, Mercuria Asia has made a strategic investment in SuperX through a convertible note and warrant subscription agreement. The two parties will draw on their respective strengths in

Xsolla and Management and Science University (MSU) Sign Memorandum of Understanding (MOU) to Connect Future Game Developers With Global Commercial Opportunities

Collaboration Provides Students Access To Xsolla’s Publishing Suite And Launcher, Bridging Academic Learning With Commercial Game Development Practices KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 14 July 2026 - Xsolla, a leading global video game commerce company, today announced the signing of a Memorandum of Understanding (MoU) with Management and Science University (MSU), one of Malaysia's leading private universities, to strengthen collaboration between academia and the video games in

Luxury Car Rental Dubai Introduces Flexible Lamborghini Rental Packages Across the UAE

Luxury Car Rental Dubai Luxury Car Rental Dubai Dubai, United Arab Emirates, July 21, 2026 (GLOBE NEWSWIRE) -- Luxury car rental in Dubai has announced the introduction of flexible Lamborghini rental packages designed to accommodate evolving customer preferences across the United Arab Emirates. The new offering expands access to premium vehicle experiences through a broader range of rental durations, streamlined booking options, and increased availability of Lamborghini models in key UAE locatio

US concludes 11th round of Iran strikes; Hegseth says war cost at $37.5 bln

Business groups urge Congress to prioritize economic reform bills

BUSINESS GROUPS urged Congress to prioritize key economic measures that would boost export competitiveness and support the digital economy.

More Philippine organizations invest in cybersecurity amid AI-driven threats

THE RISE of artificial intelligence (AI) is reshaping cybersecurity strategies, with Philippine organizations increasing investments to counter increasingly sophisticated cyberthreats and strengthen their resilience against attacks, experts said.

Building permit approvals post steepest drop in 8 months

THE NUMBER of approved building permits declined by 11.6% in May from a year earlier, the sharpest drop in eight months, amid rising construction costs and high borrowing rates.

BTr makes partial T-bond award as yields jump on Gulf hostilities

THE GOVERNMENT made a partial award of the reissued Treasury bonds (T-bonds) it offered on Tuesday as players asked for higher yields amid renewed market volatility and inflation concerns due to rising oil prices driven by the Middle East war. The Bureau of the Treasury (BTr) borrowed only P25.071 billion via the reissued seven-year bonds, […]

PSE overhauls index rules, updates 2011 framework

THE Philippine Stock Exchange (PSE) has overhauled its index management policy, introducing new liquidity tests, a market capitalization screen, and revised public float rules for companies seeking inclusion in its benchmark indices beginning with the February 2027 rebalancing.

BSP tells banks to tighten watch on clients with casino junket links

FINANCIAL INSTITUTIONS should tighten their monitoring of the casino sector to mitigate potential anti-money laundering and terrorism financing risks linked to junket operators, the Bangko Sentral ng Pilipinas (BSP) said.

PAL orders 9 more Airbus A350-1000 jets for long-haul expansion

PHILIPPINE AIRLINES (PAL) has signed a memorandum of understanding (MoU) with Airbus to acquire nine additional A350-1000 aircraft, with purchase rights for five more, as the flag carrier accelerates its long-haul expansion and fleet renewal program. In a statement on Tuesday, PAL Holdings, Inc., which operates Philippine Airlines, said the agreement was announced during the […]

Honoring art collectives and National Artists: What to look out for at Ortigas Art Festival

THE Ortigas Art Festival (OAF) has returned to foster art appreciation and creative expression among a wider audience by mounting exhibits, holding art classes, and showing films in San Juan’s GH Mall. The festival’s 9th edition runs until July 30, with various contemporary art galleries having set up exhibits at the middle of the mall […]

Peso nears all-time low on war risks

THE PESO slumped on Tuesday to close near its record low as the intensifying Middle East conflict’s impact on global oil prices raised fresh inflation fears and triggered safe-haven demand for the dollar. The currency dropped by 5.9 centavos to close at P61.745 versus the greenback from P61.686 on Monday, based on data on the […]

Top Line targets one-third of Cebu motorcycle taxi fuel market

LISTED fuel retailer Top Line Business Development Corp. is targeting about one-third of Cebu’s motorcycle taxi fuel market through a partnership with ride-hailing platform Angkas, as it seeks to expand its retail fuel business and grow daily fuel sales. In a statement on Monday, Top Line said it had entered into a partnership with Angkas […]

Nature in flux

THE PERFECT life-support system for the planet is formed by the four elements — earth, water, air, and fire — the balance and beauty of which can be found in Milo Naval’s creative practice.

LANDBANK partners with Visa on purchase card for government agencies

LAND BANK of the Philippines (LANDBANK) has partnered with Visa to launch a Government Purchase Card (GPC) to automate procurement-related payments for public agencies to digitalize transactions in the sector. Launched on Tuesday, the LANDBANK Visa GPC will be used by agencies as an expense management tool and is in line with the government’s digital […]

SEC’s green equity framework gains implementation support

SUSTAINABLE FITCH on Monday introduced an external review service that will provide independent assessments for companies applying for the Philippine Green Equity Label under the Securities and Exchange Commission’s (SEC) Guidelines on Philippine Green Equity. “The emergence of the green equity label opens a new frontier for sustainable finance, and we are committed to helping […]

Students launch AI chatbot to quicken fact checks

UNIVERSITY STUDENTS have developed an artificial intelligence (AI)-powered chatbot that helps Filipino internet users verify online claims as the rapid spread of AI-generated content makes misinformation harder to detect.

The Penultimate SONA: From reforms to results

President Ferdinand Marcos, Jr. will deliver his second-to-the-last State of the Nation Address (SONA) on Monday, July 27. If last year’s SONA was marked by the President’s “mahiya naman kayo” (have some shame) appeal that triggered investigations into the government’s flood control program, this year’s address is expected to be a reckoning of sorts. With […]

Global bond market opportunities still open for PHL

THE PHILIPPINES can still tap the global bond market for a third time this year despite ongoing market volatility, Citigroup, Inc. (Citi) said. “(The) answer is a simple yes,” Paul Raymond A. Favila, Citi chief executive officer and banking head for the Philippines, said on Tuesday when asked if the Philippines still has […]

Philippines records $3.4-billion BoP surplus in June

THE PHILIPPINES’ balance of payments (BoP) surplus widened to over $3 billion in June, which helped significantly narrow the BoP deficit in the first half of the year, central bank data showed. Read the full story.

McDonald’s shifts electricity supply of 36 Visayas stores to COREnergy

MCDONALD’S Philippines has shifted the electricity supply of 36 restaurants in the Visayas to COREnergy, Inc., the retail electricity supplier of Vivant Corp., as it seeks to reduce power costs and improve energy efficiency. In a statement on Tuesday, COREnergy said it will supply electricity to 36 McDonald’s restaurants across Cebu and Negros Island for […]