Philippines Business News

JUST Completes 5th JST Buyback & Burn: Over 170M Tokens (~$23.53M) Burned Ahead of Major Deflationary Upgrade

Over the past year, JUST has completed five consecutive large-scale buyback-and-burn rounds, permanently removing 1.88B JST tokens from circulation and pushing cumulative deflation toward 19%. Following this milestone, the buyback and burn mechanism is set to undergo a comprehensive upgrade. SINGAPORE, Oct. 18, 2026 (GLOBE NEWSWIRE) -- On October 17, JUST, the leading DeFi infrastructure in the TRON ecosystem, announced the completion of its fifth buyback and burn of its native token JST as sche

Budget Direct Sets up in Adelaide, Boosting Local Employment and Customer Service

ADELAIDE, Australia, Oct. 19, 2026 /PRNewswire/ -- Budget Direct, Australia's most awarded insurer, underwritten by leading insurance group Auto & General, today started serving customers from Adelaide, marking a significant investment in South Australia. Ashley Wright, General Manager South Australian Operations A new facility in the CBD, commencing operations today, will initially house a dedicated service team of approximately 50 staff, focused on providing great customer service. This team w

Iran urges U.S. to accept Hormuz reopening proposal

BitTorrent Ushers in Next-Gen Web3 Infrastructure with Strategic Rebrand and Inaugural BTT Burn

The first round of BTT repurchased with decentralized service revenue has been completely burned, as BitTorrent leverages its reimagined architecture to pivot toward Web3 and AI infrastructure. SINGAPORE, Oct. 18, 2026 (GLOBE NEWSWIRE) -- BitTorrent, a cornerstone of decentralized infrastructure in the TRON ecosystem, entered a new phase of growth driven by dual engines: the rollout of its long-term BTT buyback-and-burn strategy and a comprehensive brand upgrade. Central to this strategic overha

Royal Canadian Legion statement: CFB Wainwright tragedy

OTTAWA, Ontario, Oct. 18, 2026 (GLOBE NEWSWIRE) -- The Royal Canadian Legion is profoundly saddened to learn of a tragic incident on the grounds of CFB Wainwright, an army base in Alberta, resulting in lost lives and many injuries. The following statement is issued by Legion Dominion President Sharon McKeown. "The Royal Canadian Legion is thinking of those who died or were injured, and we send deep condolences to the families whose loved ones have given their lives in service to Canada. We will

The Plastic Surgery Foundation appoints Sara R. Dickie, MD, as President

Sara R. Dickie, MD Dr. Sara Dickie is the new president of The Plastic Surgery Foundation. Houston, Oct. 18, 2026 (GLOBE NEWSWIRE) -- Sara R. Dickie, MD, has been named President of The Plastic Surgery Foundation (The PSF), an organization that supports the research, education and international activities for the American Society of Plastic Surgeons (ASPS). Dr. Dickie officially assumed her role at Plastic Surgery The Meeting, the Society’s annual scientific conference, held this year in Houston

It’s full throttle to the finish line for the season finale of the 2026 TGR Philippine Cup

Thrilling developments set for 2027 season to be announced in Race Weekend 4 Toyota Motor Philippines (TMP) is…

South Korea, ASEAN Foundation to hold 2026 Innovative Culture Forum in Manila

As the Philippines assumes the 2026 ASEAN Chairmanship, Manila is set to become the center of regional creative…

Cebuana Lhuillier launches Money Guro Loans financing platform for MSMEs

Money Guro, the financial education platform led by Cebuana Lhuillier President and Chief Executive Officer Jean Henri Lhuillier,…

Aboitiz Group builds future-ready talent as AI transforms business

The Aboitiz Group is strengthening investments in talent and leadership as artificial intelligence (AI) takes on a bigger…

Alternergy Holdings Corp. to hold Annual Stockholders’ Meeting on Nov. 10

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PasaHero expands reach across Metro Manila, strengthens ties with jeepney cooperatives

PasaHero is expanding its presence across Metro Manila through new route deployments and partnerships with jeepney transport cooperatives,…

Bad news for coffee lovers: Lean harvest may lead to higher coffee prices

Bernardo Sotelo Jr. is the head barista for Masa Bakehouse, a well-known café in San Juan, La Union. He says that rising costs for coffee beans could force the shop to consider increasing drink prices.

BSP profit more than doubles to P170.2 billion

The Bangko Sentral ng Pilipinas (BSP) more than doubled its net income to P170.2 billion in the first seven months of 2026 as foreign exchange gains surged and interest expenses declined.

Igloo to expand services in Philippines

Al-native insurtech firm Igloo is looking to deepen its presence in the Philippines by expanding its services and partnerships with digital platforms, an official said.

Irresponsible House budget

After the ghost flood control and pork funding scandal caused a major disruption to our economy, the House of Representatives still couldn’t resist its evil streak and passed a budget as horrible and irresponsible as in previous years.

Living on Hail Marys

It is perhaps a good thing that we Filipinos are religious and that we believe in the power of collective prayer to save us from danger, because somehow — at least in my lifetime — there have been several instances when the country was on the verge of economic collapse because of political turmoil.

LNGPH spending P6 billion for LNG storage expansion

LNGPH, the multibillion-dollar venture of tycoons Manuel V. Pangilinan, Sabin Aboitiz and Ramon Ang, is looking to spend roughly P6 billion to expand its liquefied natural gas (LNG) storage capacity.

‘Make me sweat, make me water’

South African singer Tyla made waves with her Grammy-winning hit “Water,” but El Niño is putting the spotlight on water for a different reason.

MDBs pledge timely support amid headwinds

Multilateral development banks (MDBs) are ready to provide support to developing countries in dealing with shocks amid global uncertainty, according to the Asian Development Bank (ADB).

Mitsubishi open to boosting HEV production, joining RACE

Mitsubishi Motors Philippines Corp. (MMPC) may spend more than the planned P7 billion investment for hybrid electric vehicle (HEV) production under the EV Incentive Strategy (EVIS), even as it keeps the door open to the government’s proposed incentives for traditional fuel-powered car manufacturing.

Poll: Another hike in BSP rates looms

The Bangko Sentral ng Pilipinas (BSP) is widely expected to raise interest rates again this week as resurgent inflation, a weaker peso and growing risks from food and energy prices strengthen the case for further monetary tightening.

Rotation

US tech stocks, which had led the stock markets to record highs, fell sharply last week.

Share prices seen to sync with GCash, BSP moves

The local stock market is expected to take its cue from two catalysts this week: the highly-anticipated market debut of GCash parent Mynt Inc. and the upcoming policy decision of the Bangko Sentral ng Pilipinas (BSP).