Philippines Business News

Senate starts school shooting probe on Wednesday

MANILA, Philippines — Two Senate committees will start this week the investigation on the Tacloban school shooting incident as some sectors sought to further amend the juvenile justice law. Sen. Risa Hontiveros, chairman of the Senate Committee on Women, Children, Family Relations, and Gender Equality, said she will hold the inquiry on July 1. The senator aims to determine the circumstances that led to the shooting incident at San Jose National High School that led to the death of three st

1,400 dead, 50,000 missing in Venezuela

LA GUAIRA, Venezuela — Rescue crews raced Saturday to find survivors in the rubble of Venezuela’s powerful earthquakes as the death toll reached 1,430 and hopes dwindled more than three days after the earth roared and rumbled. Tens of thousands of people were reported missing as collapsed buildings dotted cities in a country already enduring an economic crisis and political upheaval after US special forces captured authoritarian leader Nicolas Maduro in January. Millions of people we

External gap to widen as global risks increase

THE country’s external position is expected to remain under pressure through 2027, with the Bangko Sentral ng Pilipinas (BSP) projecting a wider balance of payments (BOP) deficit amid elevated global risks, higher oil prices and structural constraints. “[C]ost-driven trade imbalances and tighter financial conditions continue to shape both current account and financing dynamics,” the central bank said in explaining the outlook in a statement issued late on Friday. Revised projec

Augusta Tops Best Gold IRA Companies List By Gold Advisor

Gold Advisor Gold Advisor Miami, USA, June 28, 2026 (GLOBE NEWSWIRE) -- Gold Advisor, a leading educational resource focused on precious metals investing and retirement diversification, has released its annual rankings of the Best Gold IRA Companies for 2026, naming Augusta Precious Metals as the organization’s Best Overall Gold IRA Company following an extensive evaluation of leading providers serving retirement investors nationwide. The rankings come as interest in Gold IRAs continues to rise

A Former CIA Advisor Says This Tech Boom Is Already Bigger Than the Internet Ever Was

Jim Rickards spent years studying threats to America's financial system for the CIA and Pentagon. Now he says one industry is consuming more capital and energy than the dot-com boom ever did. Washington, D.C., June 28, 2026 (GLOBE NEWSWIRE) -- During the dot-com boom, telecom companies spent nearly half a trillion dollars laying 80 million miles of fiber-optic cable across the country, enough to circle the globe more than 3,200 times. An estimated 85% of it would eventually go unused. Today, it'

Ube Superfood Unveils Premier Organic Purple Yam Powder Blend Amid Global Ube Craze

A Clean-Label, Caffeine-Free Alternative to Traditional Lattes and Matcha Middletown, DELAWARE, June 28, 2026 (GLOBE NEWSWIRE) -- Ube Superfood, a leading clean-label wellness brand, is thrilled to announce the launch of its premier organic purple yam powder blend. This innovative product is set to capture the surging global "ube craze" that is sweeping through the functional beverage and culinary spaces. As consumers increasingly seek vibrant, clean-label alternatives to traditional lattes and

GradGuard Celebrates Second Annual Scholarship Program, Awarding More Than $20,000 to College Students on National Insurance Awareness Day

Students will receive up to $3,000 to help offset tuition, books, housing, or other college-related expenses. 2026 Scholarship Recipients The five students named will be awarded $3,000 each to help offset tuition, books, housing, or other related expenses. PHOENIX, June 28, 2026 (GLOBE NEWSWIRE) -- GradGuard, the authority in helping protect students and their families from the risks of college life through its pioneering tuition and renters insurance programs, is pleased to announce the winners

Stablecoin-to-QR code payments company SQRIL continues to disrupt Crypto/Stablecoin Cards by now entering Central Asia

DUBAI, United Arab Emirates, June 28, 2026 (GLOBE NEWSWIRE) -- SQRIL, the leading scan-to-pay QR code API for crypto apps and neobanks which is already in eleven countries across Asia, Africa and Latin America, announces its entrance into Central Asia (Uzbekistan, Kazakhstan, Kyrgyzstan). SQRIL’s stablecoin-to-QR code payments push is displacing crypto and stablecoin debit/credit cards in both transaction cost and merchant availability. Leading crypto exchanges, stablecoin apps and neobanks are

Morong bans nuclear facilities

THE Sangguniang Bayan (Municipal Council) of Morong, Bataan, has approved on third and final reading the Non-Nuclear Zone Ordinance, prohibiting the establishment, operation and storage of nuclear power facilities and radioactive materials within the municipality. The ordinance was passed on June 22 in Morong, the site of the 621-megawatt Bataan Nuclear Power Plant (BNPP), which was completed in 1984 but was never used. It has since become the subject of growing calls for reactivation. The Nucle

30,000 families in Zambales receive free rice

ZAMBALES, Philippines – More than 30,000 families in the province of Zambales received 20 kilograms of rice each under the Free Rice Program of President Ferdinand Marcos Jr. In collaboration with the provincial government of Zambales under the leadership of Gov. Hermogenes Ebdane Jr. and the Provincial Social Welfare and Development Office (PSWDO) of Zambales, a total of 636.22 metric tons of rice were distributed to qualified family heads across the province's 13 municipalities. Also ass

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Senate committee to probe Tacloban school shooting

MANILA, Philippines — The Senate Committee on Women, Children, Family Relations, and Gender Equality will start this week its investigation on the Tacloban school shooting incident as some sectors sought to further amend the juvenile justice law. Sen. Risa Hontiveros, chairman of the panel, said she will hold the inquiry on July 1. The senator aims to determine the circumstances that led to the shooting incident at San Jose National High School that led to the death of three students. Hont

PH leads adoption of initiatives for Asean higher education

MANILA, Philippines — Southeast Asian higher education chiefs adopted three initiatives which the Commission on Higher Education (CHEd) said would "guide cooperation on digital transformation, teacher development, research collaboration, and academic mobility.” The initiatives were unanimously adopted last June 26 during the Ministers' Roundtable on Access and Sustainable Development in Higher Education which the Philippines, the 2026 Association of Southeast Asian Nations (Asean) ch

Focus should be on boosting digital access — Globe exec

MANILA, Philippines — Globe president and CEO Carl Cruz said on Sunday that the challenge for technology providers was to ensure the Filipino people have access to a reliable connectivity wherever they are. Cruz issued the statement as he stressed that there is no single technology that can connect a nation. Cruz said Globe believes the focus should remain on expanding digital access, protecting consumers, promoting fair competition, and ensuring that innovation benefits more Filipinos. Su

AGIBOT's 15,000th Robot Rolls Off the Production Line, Marking a New Milestone in Embodied AI Deployment

SHANGHAI, June 28, 2026 /PRNewswire/ -- AGIBOT, a global leader in embodied AI and robotics, today announced that its 15,000th robot has officially rolled off the production line. The milestone unit is the AGIBOT G2, an industrial-grade embodied task robot designed for industrial and real-world operational scenarios. Following the rollout of its 5,000th and 10,000th robots, this latest milestone marks another significant step in AGIBOT's scaling journey. It reflects the company's continued progr

Cycling industry bets on smart bikes to boost sales

FRANKFURT, Germany — At the Eurobike trade fair, hopes are high that smart and AI-enabled bicycles can revive an industry that has been dealing with years of flagging sales. Artificial intelligence, long used in cars and smartphones, is now entering the cycling world in areas ranging from electric motors to safety and services. At the stand of Avinox, a manufacturer of motors for electric bicycles, the DNA of parent company and Chinese drone specialist DJI has been transposed to cycling. T

Iran Guards say strikes against Kuwait, Bahrain in retaliation for US attack

TEHRAN — Iran's Revolutionary Guards said on Sunday that it carried out strikes against Kuwait and Bahrain in retaliation for US attacks on Iranian territory, warning any further aggression would be met with a "crushing response." Iran and the United States have both accused the other of violating their fragile ceasefire, straining negotiations meant to end the Middle East war. The Guards "destroyed eight important US military facilities at the Ali al-Salem base in Kuwait and at the Fifth

TCL Supports "2026 Olympic Day cum Aichi-Nagoya Asian Games Fun Run", Celebrating the Olympic Spirit with Athletes and the Public, and Offering Lucky Draw Prizes Worth Approximately HK$180,000

HONG KONG SAR - Media OutReach Newswire - 28 June 2026 - TCL, as a Worldwide Olympic Partner, proudly supported the "2026 Olympic Day cum Aichi-Nagoya Asian Games Fun Run", organised by the Sports Federation & Olympic Committee of Hong Kong, China, joining more than 2,500 members of the public and athletes in celebrating International Olympic Day and showing support for Hong Kong athletes competing in the Asian Games. TCL also provided smart TV prizes worth approximately HK$180,000. TCL supports

Today's Weather, 5 P.M. | Jun. 28, 2026

France records around 1,000 excess deaths in heatwave — health agency

PARIS — French health officials said Sunday there had been around 1,000 more deaths than expected during a record-breaking heatwave that has baked much of western Europe for days. "Since June 24, approximately 1,000 additional deaths (unconsolidated figures) have been observed compared to the deaths recorded in previous months," Public Health France said in a statement. The agency said areas under red alert for heat had been particularly badly affected, and 85 percent of the deaths had bee

Thousands of Vespas swarm Rome’s historic center to mark iconic scooter’s 80th anniversary

ROME — More than 10,000 Vespas putt-putt-putted around the Colosseum and past the Roman Forum on Saturday, marking the 80th anniversary of the iconic scooter. Enthusiasts came from all over; the AP spoke to people from across continental Europe, northern England, San Francisco, Australia’s Gold Coast, the Philippines and more. Vespa-borne visitors converged on the Eternal City’s cobblestone streets to celebrate a brand they likewise view as timeless. If for only a day, Ferrari

Independent CNMI governor bet eyes Filipinos’ 'swing vote'

SAIPAN, Northern Mariana Islands — Independent gubernatorial candidate Lawrence Camacho said the Filipino community will play an important role in the Commonwealth's future, describing it as a vital contributor to the CNMI economy. He pledged that if elected, his administration would continue engaging with Filipinos alongside other sectors of society. His running mate, Edith Deleon Guerrero, echoed that message, saying the campaign wanted to hear firsthand the concerns of Filipino resident