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
TOP Ships Inc. Announces Sale of ECO MR Product Tanker Newbuilding for About $6.25 million
ATHENS, Greece, July 15, 2026 (GLOBE NEWSWIRE) -- TOP Ships Inc. (the "Company”), an international owner and operator of modern, fuel efficient "ECO" tanker vessels, announced today that it has entered into an agreement with Rubico Inc to sell 100% of the issued and outstanding shares of one Marshall Island company (the "SPV”) which is a counterparty to a ship building contract for one very-high specification 47,499 dwt Medium Range product/chemical oil tanker with Guangzhou Shipyard Internation
Read more →GraniteShares Leads First-Day Trading Volume for 2x SK Hynix ADR ETFs
GraniteShares Leads First-Day Trading Volume for 2x SK Hynix ADR ETFs SKUU led the 2x long category, and SKDD launched as the first and only 2x short SK Hynix ADR ETF, together recording approximately $331 million in first-day trading volume NEW YORK, NY, July 15, 2026 (GLOBE NEWSWIRE) -- GraniteShares, a US-listed exchange-traded fund issuer, today announced that its 2x SK Hynix ADR ETFs led first-day trading volume in the category. The GraniteShares 2x Long SK Hynix Daily ETF (SKUU) recorded t
Read more →Top-Selling New Energy Boxy SUV in Southeast Asia! iCAUR V23 Tops Multiple Global Markets Again in June
WUHU, China, July 15, 2026 (GLOBE NEWSWIRE) -- This past June, Chery Group's iCAUR V23 posted impressive results across multiple global markets. With precise market positioning and solid product strength, this battery electric boxy SUV claimed the top position in Southeast Asia's new energy boxy SUV segment, while also achieving segment-leading-and in some cases, overall category-leading-breakthroughs in Hong Kong, Thailand, Nepal, South Africa, and other regional markets, underscoring its robus
Read more →Borealis Foods Expands Access to Protein-Rich Chef Woo Noodles Through Costco
Strong early demand reflects growing consumer interest in protein-rich convenient meals Chef Woo at Costco Chef Woo High-Protein Noodles featured on Costco social amid growing demand for convenient, protein-rich foods among consumers focused on weight management and nutrition. Each serving provides 20 grams of complete protein with all nine essential amino acids. NEW YORK, July 15, 2026 (GLOBE NEWSWIRE) -- Borealis Foods Inc. (Nasdaq: BRLS), a food science company focused on developing nutritiou
Read more →NBJ Summit 2026 Announces Keynote Lineup Featuring Jon Acuff, Dave Asprey, and Darshan Shah
New York Times Bestselling Authors Lead Transformative Sessions on Leadership, Biohacking, and AI-Driven Healthcare at Premier Nutrition Industry Event, July 27-30, 2026 RANCHO PALOS VERDES, Calif., July 15, 2026 (GLOBE NEWSWIRE) -- The 29th Annual NBJ Summit, which has convened the nutrition and supplement industry's top executives for nearly three decades, today announced its keynote speaker lineup for July 27-30, 2026, at the Terranea Resort in Rancho Palos Verdes, California. The Summit attr
Read more →ICIC Opens No Cost 2026 Manufacturing Accelerator Program to Massachusetts Manufacturers Ready to Grow
Boston, MA, July 15, 2026 (GLOBE NEWSWIRE) -- The Initiative for a Competitive City (ICIC) is now accepting applications from Massachusetts manufacturers for the 2026 Manufacturing Accelerator Program (MAP), a national, virtual executive education program that equips small manufacturing businesses with the education, tools, and actionable strategies they need to grow and thrive in today's competitive marketplace. The program is offered at no cost to participating businesses thanks to ICIC's gene
Read more →Foresight Reports 2026 Second Quarter and First Half Results
WINNEBAGO, Ill., July 15, 2026 (GLOBE NEWSWIRE) -- Foresight Financial Group, Inc. (OTCQX: FGFH) reported net income of $4.38 million for the quarter ended June 30, 2026, a 47% increase compared to $2.99 million reported for the second quarter of 2025 and a 13% increase compared to $3.89 million reported for the first quarter of 2026. Diluted earnings per share were $1.20 for the quarter compared to $0.82 for the second quarter of 2025 and $1.07 for the first quarter of 2026. The second quarter
Read more →Shares breach 6,300 as buying interest returns
PHILIPPINE SHARES rebounded on Wednesday, pushing the main index to the 6,300 level, as investor sentiment improved following positive cues from overseas markets, with buying activity supported by bargain hunting. The Philippine Stock Exchange index (PSEi) rose by 0.74% or 46.48 points to close at 6,302.50, while the broader all shares index increased by 0.54% […]
Read more →LRTA revenue falls in first half after fare discounts
THE Light Rail Transit Authority (LRTA), operator of LRT-2, said revenue in the first six months fell 24.84% to P481.90 million, reflecting the impact of fare discounts imposed during the energy emergency. In the six months to June, LRTA carried 31.75 million riders, up 15.29% from a year earlier. The Department of Transportation (DoTr) had […]
Read more →Nickel industry calls for regional role in ensuring supply chain resiliency
THE Philippine Nickel Industry Association (PNIA) said potential Indonesian supply disruptions are reinforcing the need for a more diversified and resilient global critical minerals supply chain. PNIA President Dante R. Bravo said Indonesia’s yearly decision on nickel quotas reinforces the point that nickel users cannot rely too heavily on one country alone. “The Philippines has […]
Read more →NFA opens P355-million grains hub in Iloilo
THE National Food Authority (NFA) said it inaugurated a modern post-harvest facility for grains in Dumangas, Iloilo worth P355.4 million, with construction of similar facilities being accelerated to ensure the Philippines maintains resilient rice reserve. The Dumangas facility features a modern warehouse equipped with a mill that can process 10 tons of palay (unmilled rice) […]
Read more →Transmission rates rise slightly as power reserve costs increase
ELECTRICITY CONSUMERS can expect a slight increase in transmission rates, reflecting the rise in the cost of reserve power, according to the National Grid Corp. of the Philippines (NGCP). Julius Ryan D. Datingaling, NGCP head of business and regulatory development, said the overall transmission rate increased by 0.77% to P1.4604 per kilowatt-hour (kWh) in June […]
Read more →Maharlika dwarfed by regional sovereign wealth funds
THE Maharlika Investment Fund (MIF) was ranked 76th among 109 sovereign wealth funds (SWFs) tracked by IE University, as the SWF industry topped $15 trillion in assets under management (AUM) in 2025. IE University estimated the MIF’s assets under management (AUM) at $2.2 billion in 2026, against $8.9 billion in the Sovereign Wealth Funds Report […]
Read more →Order giving Bureau of Customs legal authority to manage port congestion expected by August
A JOINT administrative order (JAO) aimed at easing port congestion and regulating cargo handling charges is expected to be signed by August, ahead of the seasonal buildup of cargo volumes, the Bureau of Customs (BoC) said. Customs Commissioner Ariel F. Nepomuceno said the JAO, once signed by the departments of Finance, Trade and Industry, and […]
Read more →Palay production estimated to have risen in second quarter; corn down
PALAY (unmilled rice) production in the second quarter was estimated to have increased 5.7% year on year, with corn falling 0.3% year on year based on an evaluation of standing crops, the Philippine Statistics Authority (PSA) reported. As of June 1, the PSA estimated palay output for the second quarter of 4.63 million metric tons […]
Read more →Brands urged to boost visibility to AI agents
BRANDS in the Asia-Pacific (APAC) region must boost their visibility to artificial intelligence (AI) agents as consumers increasingly rely on AI to make purchasing decisions, according to global professional services firm Accenture, Inc. “The brands that act now, becoming visible to horizontal agents, exploring vertical specialization, and building the operational foundations for agent-led purchasing will be the […]
Read more →PHL obtains technical assistance grant from Green Climate Fund
THE Department of Finance (DoF) said it obtained a $6.78-million technical assistance grant from the Green Climate Fund (GCF) to strengthen the Philippines’ capacity to access climate finance. In a statement on Wednesday, Finance Undersecretary Joven Z. Balbosa said: “We welcome the GCF’s approval of this grant. More than financial support, it is an investment […]
Read more →Satellite data eyed for improving irrigation
THE Department of Agriculture (DA) said it will work with the Philippine Space Agency (PhilSA) to explore the use of satellite data to improve floodwater impounding and irrigation planning. The DA said satellite intelligence and on-the-ground validation have a role to play in modernizing agriculture by improving irrigation planning and speeding up disaster assistance. Agriculture Secretary Francisco P. Tiu […]
Read more →VAT Zero-Rating for DMEs: Then and now
Every so often, a court decision appears to open a door that we thought had already been closed. But just as taxpayers begin to assess what that opening means, Congress may step in and rebuild the doorway altogether. This appears to be the case for domestic market enterprises (DMEs) in relation to the value-added tax […]
Read more →Senate weighs subpoena for Duterte financial records given secrecy law
HOUSE OF REPRESENTATIVES prosecutors on Wednesday argued that the Senate impeachment court has the power to compel the release of Vice-President (VP) Sara Duterte-Carpio’s financial records, saying impeachment proceedings are expressly exempted from confidentiality restrictions under several Philippine laws.
Read more →DoJ studies local peace deals in Bangsamoro criminal cases
THE Department of Justice (DoJ) and the Office of the Presidential Adviser on Peace, Reconciliation and Unity (OPAPRU) are studying how locally brokered peace settlements in rido or clan feuds could be considered in criminal cases in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM), saying convictions alone do not always end violence or deliver lasting justice.
Read more →Marcoleta sent to Quezon City Jail after arraignment in plunder case
SENATOR Rodante D. Marcoleta was transferred to the Quezon City Jail-Male Dormitory on Wednesday after the Sandiganbayan ordered his detention pending trial on a nonbailable plunder charge. The Department of the Interior and Local Government said Mr. Marcoleta was turned over to the Bureau of Jail Management and Penology (BJMP) at 10:49 a.m. in compliance […]
Read more →SWS: Filipinos favor AFP modernization
MORE THAN FOUR in 10 Filipinos think modernizing the Armed Forces of the Philippines (AFP) and Philippine Coast Guard should be the government’s top priority in protecting the country’s maritime rights, according to a Social Weather Stations (SWS) survey commissioned by the Stratbase Institute. The nationwide survey, conducted from June 20 to 29 among 1,200 […]
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