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Philippines Business News

Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.

9321 articles across all sources

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BusinessWorld

Palay production costs drop 7.7% in 2025

THE AVERAGE COST to produce palay (unmilled rice) fell 7.7% in 2025 to P55,097 per hectare, the Philippine Statistics Authority (PSA) reported. The PSA estimated the irrigated palay production costs at P58,747 per hectare, down from P63,815 a year earlier. Non-irrigated palay costs declined to P47,538 per hectare from P51,128. On a per kilogram basis, […]

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BusinessWorld

NFA to raise palay buying price to P21 per kilo

THE National Food Authority (NFA) will raise its minimum buying price for palay (unmilled rice) to P21 per kilogram from P17 previously once the harvest begins in September, Agriculture Secretary Francisco P. Tiu Laurel, Jr. said. Mr. Laurel, who chairs the NFA Council, said in a statement that the increase will help farmers deal with […]

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Manila Times Business

Successful completion by Ascencio of a new bond issue

Ascencio announces the success of a bond offering totalling €32.9 million placed with institutional investors. This new financing, which begins today and is being conducted as a private placement, consists of the following two tranches: €13.9 million for a fixed term of 4 years;€19.0 million for a fixed term of 5 years. Issued at par, it has an average maturity of 4.6 years and carries a weighted average annual coupon rate of 4.80%. This bond offering is part of the financing structure for the r

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Manila Times Business

DUO Launches the Conversational AI Relationship Concierge

A New Category of Consumer AI Debuts Through an AI Matchmaking Service Built for iMessage and Google Messages SAN FRANCISCO, July 16, 2026 (GLOBE NEWSWIRE) -- For more than two decades, online dating has been built around the same experience: create a profile, browse strangers, swipe, match, repeat. Today, DUO introduces the Conversational AI Relationship Concierge-a new approach to dating powered by AI that learns through conversation and proactively introduces compatible people. No profiles to

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Manila Times Business

Changan Automobile Inaugurates First Showroom in Ethiopia, Deepening Middle East and Africa Market Presence

ADDIS ABABA, Ethiopia, July 16, 2026 (GLOBE NEWSWIRE) -- Changan Automobile officially opened its first showroom in Ethiopia at 2Q28+8M9, Gabon St, Addis Ababa, marking a key milestone in the brand's strategic expansion across the Middle East and Africa. The opening ceremony was graced by Minister Counselor Liu Xiaoguang of the Chinese Embassy in Ethiopia; Mr. Yalew Getachew of the Ethiopian Investment Commission; Dr. Hadegu Hailekiros of the Ethiopian Ministry of Industry; as well as representa

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Manila Times Business

Garage Door Fix Joins ATCO Energy Home Services Network in Edmonton

Edmonton, Alberta, July 16, 2026 (GLOBE NEWSWIRE) -- Edmonton, Alberta - July 16, 2026 - Garage Door Fix, an Edmonton residential garage door repair and installation company, has joined ATCO Energy's Home Services network to provide screened garage door service to Edmonton homeowners. Alberta's cold winters and abrupt summer heat swings put steady mechanical stress on residential garage doors, from frozen bottom seals to misaligned safety sensors. Garage Door Fix, a residential garage door repai

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Manila Times Business

SIA Launches First Recognition Program Dedicated to Healthcare Staffing Leaders

Mountain View, California, July 16, 2026 (GLOBE NEWSWIRE) -- Staffing Industry Analysts (SIA), the global research and advisory firm focused on staffing and workforce solutions, today launched the Healthcare Staffing 100 recognition program. Now one of the fastest-growing and most strategically important workforce sectors, healthcare staffing has grown 105% since 2016 while the overall US temporary staffing market declined over the same period. At the forefront of that growth are today's healthc

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Manila Times Business

Star Group, L.P. Declares Quarterly Distribution of 19.75 Cents per Unit

STAMFORD, Conn., July 16, 2026 (GLOBE NEWSWIRE) -- Star Group, L.P. (the "Company" or "Star") (NYSE:SGU), a home energy distributor and services provider, today declared its quarterly distribution of $0.1975 per common unit for the three months ended June 30, 2026. Record date: July 27, 2026Payment date: August 5, 2026About Star Group, L.P. Star Group, L.P. is a full service provider specializing in the sale of home heating products and services to residential and commercial customers to heat th

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Manila Times Business

TestEquity Expands Environmental Chamber Sales Reach with Millennium Alliance Representation Across the Midwest

U.S.-manufactured environmental chambers gain expanded regional coverage through a leading manufacturers’ representative NORTH RICHLAND HILLS, Texas, July 16, 2026 (GLOBE NEWSWIRE) -- TestEquity, a leading supplier of test and measurement solutions and a U.S. manufacturer of environmental chambers, has signed a sales representation agreement with Millennium Alliance. Under the agreement, Millennium Alliance will represent TestEquity’s environmental chamber product line across Michigan, Ohio, wes

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Manila Times Business

Bybit to Launch Indonesia Platform Following Majority Acquisition of NOBI

DUBAI, UAE, July 16, 2026 /PRNewswire/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, has launched a locally operated platform in Indonesia following its majority acquisition of PT Enkripsi Teknologi Handal (formerly NOBI). The move establishes Bybit Indonesia as a regulated local entity operating under the supervision of Otoritas Jasa Keuangan (OJK). The move reflects Bybit's regulatory-first expansion strategy, under which the company enters new markets through

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Manila Times Business

ADI Chain and ZIGChain Collaborate to Drive Institutional Grade Real-World Assets and Tokenization through Stablecoin Native Infrastructure

The collaboration brings together ADI Chain's institutional capabilities through a sovereign-grade blockchain and settlement infrastructure with ZIGChain’s origination, tokenization, and distribution capabilities, targeting receivables financing, PayFi, SME working capital, and private credit as the first phase of a broader productive finance partnership ABU DHABI, United Arab Emirates, July 16, 2026 (GLOBE NEWSWIRE) -- ADI Chain and ZIGChain have entered a strategic collaboration to advance sta

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Manila Times Business

The Foley Collection Debuts With The Addition Of New Brasada Ranch Acquisition

New identity reflects the company's evolution into a leading owner, developer and operator of distinctive luxury hospitality destinations Brasada Ranch Brasada Ranch (Oregon) BEND, Ore., July 16, 2026 (GLOBE NEWSWIRE) -- Foley Entertainment Group's hospitality division today unveils The Foley Collection, a new united portfolio identity that brings together its distinctive collection of luxury hotels, private homes, restaurants, wedding and event venues, and destination experiences. Marking the f

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Manila Times Business

Westamerica Bancorporation Reports Second Quarter 2026 Financial Results

SAN RAFAEL, Calif., July 16, 2026 (GLOBE NEWSWIRE) -- Westamerica Bancorporation (Nasdaq: WABC), parent company of Westamerica Bank, generated net income for the second quarter 2026 of $27.4 million and diluted earnings per common share ("EPS") of $1.17. Second quarter 2026 results compare to first quarter 2026 net income of $27.4 million and EPS of $1.13. "Westamerica’s second quarter 2026 results benefited from the Company’s low-cost operating principles. The annualized cost of funding interes

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Manila Times Business

RE-ISSUED WITH FULL POLLING Canadians Support a National Waterbomber Fleet to Fight Ever Worsening Wildfires in Canada

CALGARY, Alberta, July 16, 2026 (GLOBE NEWSWIRE) -- De Havilland Canada, manufacturers of the De Havilland Canadair 515 waterbomber, released a study undertaken by Pollara on the perceptions of Canadians towards wildfires and wildfire response. From coast-to-coast, Canadians believe that wildfires have become worse over the last decade and they believe a federal investment in a national waterbomber fleet that can be accessed by the provinces when needed is essential to protecting Canada during w

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Manila Times Business

Digital.Marketing Launches Custom AI Software Platform for On-Site Content and Off-Site Link Building

New proprietary platform helps clients create search-optimized website content and scalable off-site content designed to support digital PR, authority building, and organic search visibility Seattle-Tacoma, WA, Washington, United States, July 16, 2026 -- Digital.Marketing, a full-service digital marketing agency specializing in search engine optimization, paid media, content marketing, and AI-driven digital marketing services, today announced the development of a custom artificial intelligence s

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Manila Times Business

Greystone Real Estate Capital Closes Second LIHTC Multi-Investor Fund at $137 Million, Surpassing over $240 Million in Equity in First Year of Multi-Investor Platform

NEW YORK, July 16, 2026 (GLOBE NEWSWIRE) -- Greystone Real Estate Capital, a national tax credit syndicator and subsidiary of Greystone Select Incorporated (and together with its direct and indirect subsidiaries, "Greystone”), today announced the closing of Greystone Affordable Housing Fund II LP, a $137 million multi-investor Low-Income Housing Tax Credit (LIHTC) fund. The fund will support the development and preservation of approximately 1,960 affordable housing units across 20 properties in

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Manila Times Business

Jeppesen ForeFlight Brings Largest Product Line-Up, New Promotions to EAA AirVenture 2026

Innovative Line-Up Centers on Pilot Safety, Integration and Ease of Use Special Booth Promotions and Pricing Discounts Include Jepp Charts, NavData, Renewals and More Twelve Dedicated Training Forums Scheduled AUSTIN, Texas, July 16, 2026 (GLOBE NEWSWIRE) -- Jeppesen ForeFlight is bringing a sweeping wave of new products, upgraded features, special pricing, promotions and more at EAA AirVenture Oshkosh 2026. The offerings span artificial intelligence, panel-connected cockpit hardware, aviation i

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Manila Times Business

New Report Highlights the Greenbelt’s Critical Role in Supporting Ontario’s Long-Term Sustainability

Greenbelt Foundation’s new report examines Ontario’s Greenbelt through the lens of biocapacity, revealing that its ecosystems are nearly three times more productive per hectare than the rest of the province. TORONTO, July 16, 2026 (GLOBE NEWSWIRE) -- Ontario’s Greenbelt provides nearly three times more biocapacity per hectare than the rest of the province, according to The Ecological Value of Ontario’s Greenbelt, a new Greenbelt Foundation report produced by York University’s Ecological Footprin

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Manila Times Business

AKC Canine Health Foundation Earns Top Ratings from Two Leading Independent Charity Evaluators

RALEIGH, N.C., July 16, 2026 (GLOBE NEWSWIRE) -- The American Kennel Club® (AKC) Canine Health Foundation® (CHF), a nonprofit organization dedicated to advancing the health of all dogs through scientific discovery, is proud to announce it has earned its 8th consecutive Candid Platinum Seal of Transparency and Four-Star (100%) rating from Charity Navigator. Charity Navigator awarded its highest distinction to CHF following an independent review of the Foundation’s financial health, accountability

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Manila Times Business

Chocolate Returns to No. 1 and Butter Pecan Surpasses Vanilla Ahead of National Ice Cream Day

IDFA survey finds cones, hot fudge and neighborhood ice cream trucks remain American favorites Washington, D.C., July 16, 2026 (GLOBE NEWSWIRE) -- Chocolate has reclaimed the title of America’s favorite ice cream flavor, while butter pecan has scooped past vanilla for second place, according to the International Dairy Foods Association’s latest National Ice Cream & Frozen Novelty Trends Survey. Ahead of National Ice Cream Day on Sunday, July 19, IDFA is serving up the latest findings on how Amer

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Manila Times Business

Newsweek Names America’s Greatest Workplaces for Parents & Families 2026

Aetna, Morgan Stanley, Edward Jones, Honeywell, Five Below, PNC, Shell Among 5-Star Winners NEW YORK, July 16, 2026 (GLOBE NEWSWIRE) -- Newsweek, in partnership with Plant-A Insights Group, today announced America’s Greatest Workplaces for Parents & Families 2026, recognizing U.S. employers that are setting the standard for family-friendly workplace policies, caregiver support and employee well-being. Among this year’s 5-star winners are Aetna, Morgan Stanley, Edward Jones, Honeywell, Five Below

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Manila Times Business

Aptorum Group Provides Update on DiamiR Biosciences Merger

Post-Merger company, Niki BioSolutions, Inc., to Trade on Nasdaq Under Ticker "NIKI” Aptorum Group Announces 1-for-10 Reverse Share Split and Delaware Redomestication in Connection with the Merger The Merger is Expected to Close in July 2026 NEW YORK, NY, July 16, 2026 (GLOBE NEWSWIRE) -- Aptorum Group Limited, a Cayman Islands exempted company with limited liability (NASDAQ: APM) ("Aptorum Group” or "Aptorum” or "Company”), a clinical stage biopharmaceutical company dedicated to addressing unme

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BusinessWorld

DoE reviews pricing mechanism as fuel prices may jump by up to P10/L

By Sheldeen Joy Talavera and Erika Mae P. Sinaking, Reporters THE DEPARTMENT of Energy (DoE) will meet on Friday to review its fuel pricing rules as diesel prices are poised to rise by as much as P10 per liter (L) next week after renewed tensions in the Middle East reignited concerns over global oil supplies. […]

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BusinessWorld

House prosecutors push full evidence presentation

By Pexcel John Bacon and Kaela Patricia B. Gabriel THE House of Representatives prosecution panel on Thursday defended its bid to present evidence in Vice-President Sara Duterte-Carpio’s impeachment trial, arguing that accountability should take precedence over procedural objections, as it questioned the defense’s opposition to subpoena for the Vice-President’s financial records. Manila Rep. Joel R. […]

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