Philippines Business News

Jia Signs Netbank as First Institutional Partner, Opening Its SME Lending Infrastructure to Banks and Lenders

LOS ANGELES, July 16, 2026 (GLOBE NEWSWIRE) -- Proven on US$20M in Philippine SME loans with a sub-3% NPL rate, Jia's AI underwriting infrastructure Ossicone is now available for banks, cooperatives and lending companies to deploy under their own brand. Jia, a financial platform serving businesses across emerging markets, today announced a landmark partnership with Netbank, a bank regulated by the Bangko Sentral ng Pilipinas, marking the first time Jia has opened its lending infrastructure to an

Constellation Software Inc. Announces Conference Call to Discuss Second Quarter Results

TORONTO, July 16, 2026 (GLOBE NEWSWIRE) -- Constellation Software Inc. (TSX:CSU) announced today it will host a second quarter conference call and live audio webcast on August 12, 2026 at 8:00 a.m. ET. The Company’s quarterly results will be disseminated via press release, and made available on the Company’s website (www.csisoftware.com) and SEDAR+ (www.sedarplus.ca), after the Toronto Stock Exchange closes on Tuesday, August 11, 2026. Mark Miller, President, Jamal Baksh, Chief Financial Officer

Topicus.com Inc. Announces Release Date for Second Quarter Results

TORONTO, July 16, 2026 (GLOBE NEWSWIRE) -- Topicus.com Inc. (TSXV:TOI) announced today it intends to release its second quarter results on August 5, 2026. The Company’s quarterly results will be disseminated via press release and made available on the Company’s website (www.topicus.com) and the SEDAR website (www.sedarplus.ca), after markets close on Wednesday, August 5, 2026. About Topicus.com Inc. Topicus’ subordinate voting shares are listed on the Toronto Venture Stock Exchange under the sym

Algoma Steel Group Inc. to Announce 2026 Second Quarter Results July 29, 2026

SAULT STE. MARIE, Ontario, July 16, 2026 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) ("Algoma” or "the Company”), a leading Canadian producer of steel plate and hot rolled sheet products, announced today that the Company will release its 2026 second quarter financial results after the market closes on Wednesday, July 29, 2026. A webcast and conference call will be held on Thursday, July 30, 2026 at 11:00 a.m. Eastern Time to review the Company’s results, discuss recent

Trump will speak on elections in primetime address after pushing debunked conspiracies

WASHINGTON — President Donald Trump will deliver a primetime address this week that he says will include a focus on elections, suggesting he could revisit long-debunked conspiracy theories about his 2020 defeat to Democrat Joe Biden. The speech comes as he's escalated calls for Republicans to pass tighter federal voting rules for November’s midterm elections. The Republican president has been guarded about what he plans to say in the 9 p.m. Thursday speech, scheduled as he confronts

US concludes 6th straight night of strikes against Iran as Hormuz tensions grow

Trump accuses China of interfering in 2020 elections

Gov’t targets sale of 3 major assets

THE GOVERNMENT plans to sell three more big-ticket assets this year, including the Food Terminal, Inc. (FTI) and Mile Long properties, the Privatization and Management Office (PMO) said. This after the PMO on Thursday completed the sale of state-owned properties at the Atrium of Makati. It sold 24 condominium units and 21 parking slots at […]

OFW remittances to stay resilient despite global uncertainty — Maybank

STABLE GLOBAL labor conditions for Filipinos and diversified sources may help cushion the impact of global uncertainties on remittance flows to the country, according to Maybank Investment Bank. Maybank Chief Economist Suhaimi Ilias and economist Azril Rosli said they still expect cash remittances to grow by 2.8% to $36.5 billion in 2026, noting signs of […]

InstaPay, PESONet transfers surpass P16T

By Katherine K. Chan, Reporter THE COMBINED VALUE of InstaPay and PESONet transactions topped P16 trillion in the first half, reflecting the continued shift of Filipinos toward digital payments, central bank data showed. Data from the Bangko Sentral ng Pilipinas (BSP) showed the combined value of InstaPay and PESONet transactions jumped by 44.61% to P16.09 […]

Factory activity likely to continue expanding in next few months

By Justine Irish D. Tabile, Senior Reporter PHILIPPINE manufacturing activity is expected to continue expanding in the next few months amid easing oil prices, although economists warned the looming El Niño, renewed Middle East tensions and rising labor costs could slow growth momentum. “We see further manufacturing condition improvements in the coming months as softer […]

Globe secures P10-B LANDBANK loan for capex, refinancing

GLOBE Telecom, Inc. has secured a P10-billion term loan from the Land Bank of the Philippines (LANDBANK) to help finance capital expenditures (capex), refinance debt, and support general corporate funding requirements as the telecommunications company continues investing in its network. In a regulatory filing on Thursday, Globe said proceeds from the facility will be used […]

ICTSI plans to acquire remaining stake in Brazil logistics unit

RAZON-LED International Container Terminal Services, Inc. (ICTSI) plans to acquire the remaining 30% stake in iTracker Logistica Inteligente (iTracker), completing its ownership of the Brazil-based logistics company. In a regulatory filing on Thursday, the listed port operator confirmed its intention to acquire the remaining interest in iTracker. “The company also wishes to clarify that it […]

SM Prime opens Xiamen hotel linked to flagship mall

SM PRIME Holdings, Inc. has expanded its China portfolio with the opening of voco Xiamen SM City, its first hotel in the country, as the property developer broadens its presence beyond retail. “voco Xiamen SM City is our first hotel in China and it connects directly to SM City Xiamen, the first property we opened […]

PAGCOR hopeful of second-half gaming recovery

THE Philippine Amusement and Gaming Corp. (PAGCOR) is hopeful gross gaming revenues (GGR) will recover in the second half as lower fuel prices ease pressure on consumer spending, with the electronic gaming segment expected to drive growth. PAGCOR Chair and Chief Executive Officer Alejandro H. Tengco said he expects electronic gaming activity among Class D […]

Cebu Pacific signs wet lease deal with Vietnam Airlines

CEBU AIR, Inc., the operator of Cebu Pacific, has signed a wet lease agreement with Vietnam Airlines, under which it will provide an aircraft and crew to the Vietnamese flag carrier. “As Cebu Pacific’s fleet continues to expand, we are well positioned to deploy our capacity where it is needed most, including through strategic wet […]

Aramco to add three more fuel stations in Philippines

SAUDI ARABIAN Oil Co. (Aramco) and Unioil Petroleum Philippines, Inc. plan to open three more Aramco-branded fuel stations as they expand the Saudi oil giant’s retail presence in the Philippines. The expansion follows the opening of Aramco’s first branded fuel station in the country on Dr. A. Santos Avenue, Barangay San Antonio, Parañaque City, on […]

Relationship

There was a time when free agency in the National Basketball Association (NBA) was defined by midnight meetings, private jet sightings, and executives making their sales pitches in hotel suites. Today, it apparently includes messages sent through agents, group chats among superstars, and carefully coordinated recruiting campaigns that unfold long before a contract is signed. […]

Strengthening the backbone of Philippine banking

Most Filipinos rarely think about what happens after tapping a card at a grocery checkout, scanning a QR code to pay for coffee, or transferring money to a loved one through a banking app. After all, the process for consumers is almost effortless, with funds moving in seconds, receipts appearing instantaneously, and life goes on. […]

SEC fines Fast Coin P1.1 million for lending violations

THE Securities and Exchange Commission (SEC) has fined Fast Coin Lending Corp. P1.1 million for unfair debt collection practices, charging interest rates beyond regulatory limits, and violating disclosure requirements. In a statement on Thursday, the SEC said its Financing and Lending Companies Department (FLCD) found Fast Coin liable for violating SEC Memorandum Circular (MC) No. […]

Philippine C-suites: Shifting from sustainability compliance to integration

Philippine business leaders are entering a new phase of business resilience and sustainability, with companies moving beyond foundational environmental, social and governance (ESG) programs and facing pressure to embed sustainability into risk, strategy, governance, data systems, and core operations. According to the Philippines 2026 C-Suite State of Corporate Sustainability Report by Deloitte Philippines and the […]

InstaPay: Changing the way Filipinos move money

Traditionally, sending money across people and institutions rarely happened instantly. Customers often began their trip to the bank and lined up for over-the-counter services. In 2013, electronic payments accounted for only a small share of transactions in the Philippines. A diagnostic study by the Better Than Cash Alliance found that only about 1% of retail […]

URC’s Jack ‘n Jill recognized by Hong Kong retailers

UNIVERSAL ROBINA CORP. (URC) said its Jack ’n Jill snack brand received awards from Hong Kong retailers PARKnSHOP and 7-Eleven following product launches in the market. In a statement on Thursday, URC said its International Trading Operations team received the Outstanding Marketing Award and the Exclusive Co-Brand Award at the 2026 PARKnSHOP Super Brands Awards, […]

Binance local partner BlockShoals registered as AMLA covered person

BLOCKSHOALS Technologies, Inc., the local partner of crypto exchange Binance, is a registered covered person with the Anti-Money Laundering Council (AMLC), it said on Thursday. The AMLC issued BlockShoals its Certificate of Registration on June 18 as a covered person under the Anti-Money Laundering Act (AMLA) of 2001, as amended, because it is a crypto-asset […]