Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
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ECONOMIC managers on Thursday said Senate proposals creating a Masterplan for Infrastructure and National Development (MIND) Council could duplicate powers already granted to the Department of Economy, Planning, and Development (DEPDev). At a Senate hearing, DEPDev Assistant Secretary Roderick M. Planta said the proposed measure substantially overlaps with Republic Act No. 12145, which institutionalized the […]
Read more →THE Supreme Court (SC) has dismissed separate indirect contempt petitions against political analyst Richard J. Heydarian, Party-list Rep. Percival “Perci” V. Cendaña and Presidential Adviser for Poverty Alleviation Lorenzo “Larry” G. Gadon over statements criticizing its impeachment ruling involving Vice-President Sara Duterte-Carpio. In a decision released on Thursday, the court said the petitions failed to […]
Read more →THE Bureau of Immigration (BI) has arrested a South Korean national wanted by the Interpol for allegedly operating an illegal online gambling syndicate from the Philippines. Immigration Commissioner Joel Anthony M. Viado on Thursday said the 52-year-old fugitive was arrested on Tuesday at Ninoy Aquino International Airport Terminal 1 by the bureau’s Fugitive Search Unit […]
Read more →AN ABRA lawmaker has urged the Department of Agriculture (DA) to strengthen disease prevention measures for livestock, warning that prolonged dry conditions associated with El Niño could increase outbreaks and threaten food security. In a statement on Thursday, Abra Rep. Joseph B. Bernos cited the recent detection of highly pathogenic H5N1 avian influenza among backyard […]
Read more →ELECTRICITY rates charged by Benguet Electric Cooperative (BENECO) rose again this month after higher Wholesale Electricity Spot Market (WESM) prices pushed up generation costs. The utility increased its residential rate by P0.6450 per kilowatt-hour (kWh) to P12.29/kWh in July, citing another surge in spot market prices. BENECO said WESM supplied about 52% of its power […]
Read more →PHILIPPINE STOCKS extended their gains on Thursday as soft US inflation data eased US Federal Reserve rate hike expectations, with the market also anticipating strong second-quarter corporate results. The Philippine Stock Exchange index (PSEi) went up by 0.35% or 22.65 points to close at 6,325.15, while the broader all shares index rose by 0.44% or […]
Read more →Canon Marketing (Philippines) Inc. on Thursday unveiled the new EOS R6 V, a hybrid camera designed for content creators that allows footage to be reframed into various aspect ratios from a single recording. The company also announced details of its Canon Creator Camp and Campus Tour events. The EOS R6 V can record footage in […]
Read more →As the State of the Nation Address (SONA) draws near, advocates on Thursday called on President Ferdinand R. Marcos, Jr. to prioritize higher taxes on e-cigarettes, alcohol, and sweetened beverages to address health challenges burdening Filipino youth while generating additional revenue to fund public health programs. The call was made by the Youth for Health […]
Read more →Teachers’ groups on Thursday welcomed the temporary suspension of Metropolitan Manila Development Authority (MMDA) Special Operations Group-Strike Force Head Gabriel Go following his viral social media post on a traffic apprehension involving a teacher. “We welcome the MMDA’s decision to suspend Mr. Gabriel Go from clearing operations pending investigation,” Teachers’ Dignity Coalition (TDC) said in […]
Read more →Built in the 1980s, the Atrium is among the more recognizable low-rise office buildings along Makati Avenue
Read more →A child rights group on Thursday said active shooter drills in public schools are a short-term response to rising school violence nationwide, urging the government to address the root causes of security threats. “These responses from the government on the rising school-related violence are lazy, reactive, and merely stopgap measures,” Salinlahi Alliance for Children’s Concerns […]
Read more →Product demos and impromptu discussions permeated the networking hours.
Read more →BEIJING, July 16, 2026 /PRNewswire/ -- Amap, Alibaba's location-based services platform, has released a pair of generative AI models that can produce interactive video and three-dimensional scenes in a unified framework, with the ability to run continuously for more than an hour on a single consumer-grade graphics processor. The models, including ABot-World-0 and ABot-3DWorld-0, are designed to overcome key limitations in the emerging field of "world models"-AI systems that simulate physical env
Read more →The Italian pharma company grows its presence in the U.S. market and strengthens its global leadership in Brain Health and Rare DiseasesCompletion of the transaction gives Angelini Pharma ownership of Catalyst’s product portfolioThe transaction is being carried out with the participation of funds managed by BlackstoneCDP Equity approves €1 billion investment in Angelini PharmaItaly remains a strategic production and scientific hub ROME and CORAL GABLES, Fla., July 16, 2026 (GLOBE NEWSWIRE) -- An
Read more →Jetex Enhances Its CSR Strategy and Partners with the World Food Programme Jetex is partnering with the World Food Programme (WFP) to help raise awareness of global hunger and amplify opportunities for charitable giving across its international network. Dubai, July 16, 2026 (GLOBE NEWSWIRE) -- Jetex is partnering with the World Food Programme (WFP) to help raise awareness of global hunger and amplify opportunities for charitable giving across its international network. Through a dedicated awaren
Read more →WASHINGTON, D.C. — The US Mint has begun producing a new $1 coin bearing President Donald Trump's face to help celebrate America’s 250th birthday, the Treasury Department said Wednesday. The final design for the commemorative coin, being released in the fall, was approved earlier this year by the U.S. Commission of Fine Arts, whose members were appointed by Trump. But the finished product unveiled Wednesday differs from that version in a few aspects, including that it is not made of
Read more →NEVERS, France — Norwegian rider Søren Wærenskjold sprinted to victory in the 11th stage of the Tour de France and Tadej Pogačar protected his overall lead on Wednesday. Wærenskjold finished just ahead of Olav Kooij, Jasper Philipsen and a host of other riders in a sprint finish that seemed inevitable on the relatively short and flat 161.3-kilometer (100.2-mile) route from Vichy to Nevers in central France. It's the 26-year-old Wærenskjold's first stage win, and ca
Read more →HONG KONG, July 16, 2026 /PRNewswire/ -- SingWealth Holdings today announced the official launch of its Hong Kong-based asset management arm, PFP Capital Limited ("PFP Capital"), marking a significant milestone in the Group's regional footprint and advancing its long-term multi-market business strategy. Celebrating the official launch of PFP Capital Limited with key leaders from SingWealth Holdings & PFP Capital - William Ng, Simon Ng, Wendy Zhang, Linda Tan, Jeffrey Chow, Shawn Lim, Wong Soon L
Read more →LONDON, July 16, 2026 /PRNewswire/ -- Clarivate Plc (NYSE: CLVT), a leading global provider of transformative intelligence, is proud to support the U.S. Patent and Trademark Office (USPTO) in launching an AI assisted image search within its public trademark search system, TM Search. This new capability allows users to upload and compare images against the U.S. trademark register and has been selected and awarded a contract by the USPTO. Using AI‑assisted image search technology delivered by Clar
Read more →HONG KONG, July 16, 2026 /PRNewswire/ -- RedBox Storage ("RedBox"), a premier professional storage operator in Hong Kong, today announced the completion of a portfolio acquisition comprising 17 strata assets across the city. The transaction immediately doubles RedBox's self-storage network, bringing its total operating footprint to 16 locations across Hong Kong, and extends RedBox's presence into new submarkets, including Hung Hom, Shek Mun and Kwai Chung. The acquisition increases RedBox's tota
Read more →Zug, 16 July 2026 - Multitude AG, a listed European FinTech company, offering digital lending and online banking services to consumers, SMEs, and institutional clients, ("Multitude”, "Company” or "Group”) warmly invites financial analysts, investors, and media to its H1 2026 results presentation webcast. The event will be held virtually on Thursday, 13 August 2026, at 10:00 am CEST. Please follow the link to register for the webcast: https://multitude.events.inderes.com/q2-2026 Contact: Adam Han
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