Philippines Business News

Marcos’ Q2 approval and trust ratings slip amid graft and economic concerns

PRESIDENT Ferdinand R. Marcos, Jr.’s approval and trust ratings fell in June as concerns over corruption, the economy and political accountability continued to weigh on public sentiment, according to a survey by PUBLiCUS Asia, Inc.

OVP chief of staff gets impeachment subpoena

THE Senate impeachment court has served the summons on Vice-President (VP) Sara Duterte-Carpio’s chief of staff so she could testify next week, as prosecutors prepare to continue presenting evidence on allegations that she threatened President Ferdinand R. Marcos, Jr. As this developed, Malacañang rejected the defense’s argument that Ms. Duterte’s threats against Mr. Marcos were […]

Teodoro rejects Chinese scholars’ claim over Batanes

THE PHILIPPINES’ Defense chief on Thursday rejected as “baseless” and “ludicrous” assertions by Chinese scholars that its northernmost island-chain province belongs to Beijing, calling the claim concerning and worthy of challenge. Chinese state-run news site GDToday reported on July 2 that scholars from institutions including Nanjing University argued at a June 30 symposium that Batanes […]

Gov’t to release 2024 performance bonuses

ELIGIBLE government employees can expect to receive their fiscal year 2024 performance-based bonuses within the year as the government accelerates processing under a streamlined incentive system, Malacañang said on Thursday. “The fiscal year 2024 performance-based bonus for qualified government employees will be processed and is expected to be granted this year,” Palace Press Officer Clarissa […]

MMDA asks malls to open parking for shelter as ‘Inday’ nears

THE Metropolitan Manila Development Authority (MMDA) has requested shopping mall operators to open their parking areas to the public for overnight parking as Super Typhoon Inday, with international name “Bavi,” approaches Luzon. In a memorandum on Thursday, MMDA Chairman Romando S. Artes asked all concerned shopping mall operators to make available parking spaces in their […]

VP team told: Prove ‘Romanov’ ops

MALACAÑANG on Thursday challenged Vice-President (VP) Sara Duterte-Carpio’s camp to present evidence supporting its claim that an alleged plot dubbed “Oplan Romanov” existed, which her camp cited to justify the Vice-President’s statement against President Ferdinand R. Marcos, Jr. At a Palace briefing, Palace Press Officer Clarissa A. Castro said it was up to Ms. Duterte’s […]

South Korean ambassador conferred Order of Sikatuna

PRESIDENT Ferdinand R. Marcos, Jr. has conferred the Order of Sikatuna, Rank of Datu (Grand Cross, Gold Distinction) on South Korean Ambassador Lee Sang-hwa during his farewell call at the Malacañan Palace. The award recognized Mr. Lee’s “pivotal contributions to strengthening bilateral ties.” The Order of Sikatuna is the Philippines’ national order or diplomatic merit […]

DepEd lags in school safety push

THE Department of Education (DepEd) on Thursday said it is facing hurdles in the implementation of a department order (DO) seeking to address school violence, with only 36% of schools nationwide complying. “Based on our audit, we are only around 36% in terms of the compliance of our schools. But the good thing here is, […]

SC junks NCAP petitions as moot

THE Supreme Court (SC) dismissed consolidated petitions challenging the No Contact Apprehension Program (NCAP), ruling that the issues had become moot after Metro Manila adopted a uniform traffic enforcement framework that replaced the ordinances being questioned. In a decision promulgated on June 3, penned by Associate Justice Rodil V. Zalameda, the SC dismissed petitions filed […]

Warsh’s Fed unveils heavy-hitter task forces to overhaul monetary policy

PHL new upper-middle-income status should spur human capital investments – CPD, UNFPA

The recent classification of the Philippines as an upper-middle-income country (UMIC) should spur more investments in human capital, such as education and healthcare, to help young Filipinos realize their aspirations and contribute to long-term economic growth, according to concerned organizations on Thursday. “(The country’s recognition as a UMIC) should translate into more educational and health […]

Anthropic adds Ben Bernanke to Long-Term Benefit Trust

Terry Rozier wants to play in the NBA again, but bail conditions could hamper his return

NEW YORK — Former Miami Heat guard Terry Rozier wants to play in the NBA while he fights sports gambling charges that sidelined him last season. Bail conditions that bar him from contact with certain players and limit his travel could complicate his potential return. US District Judge LaShann DeArcy Hall on Wednesday denied a defense request to modify Rozier’s bail conditions so he can practice and play with potential witnesses as long as they don't talk about the case. The judge sai

SNP introduces Kyano Lorna to redefine enterprise data transformation

New agentic AI layer significantly accelerates secure SAP transformations, supporting customers and partners throughout the entire SAP data transformation lifecycle The innovative AI delivers insights in real time, speeds up decision-making, and reduces manual efforts Kyano® Lorna makes decades of transformation experience available globally in any language, enabling faster and more efficient projects while maintaining full auditability SINGAPORE - Media OutReach Newswire - 9 July 2026 - SNP SE

Top court upholds South Korean ex-president Yoon's 7-year jail sentence

SEOUL — South Korea's highest court upheld ex-president Yoon Suk Yeol's seven-year prison sentence on Thursday over crimes tied to his botched 2024 martial law declaration and its chaotic aftermath. The case covered accusations that Yoon had obstructed cabinet deliberations and used forged signatures of the prime minister in the lead-up to the declaration, as well as using presidential security agents to block his own arrest after lawmakers had nullified it. The disgraced former president

RoboSense Announces H1 2026 LiDAR Sales of 719,200 Units as Robotics Segment Grows by 510.4%

RoboSense recorded 719,200 units in LiDAR sales in H1 2026, up 169.6% year over year, with robotics LiDAR sales surging 510.4% to 282,600 units.In Q2 2026, RoboSense recorded 388,900 units in LiDAR sales, including 97,100 units from robotics segment and 291,800 units from ADAS segment.SHENZHEN, China, July 9, 2026 /PRNewswire/ -- RoboSense (HKEX: 02498), a pioneering robotics company for the Physical AI era, announced its LiDAR sales volume for the first half of 2026, with total LiDAR sales reac

XTransfer recognised in The Payments Power 50 2026

HONG KONG, July 09, 2026 (GLOBE NEWSWIRE) -- XTransfer, the world’s leading B2B cross-border trade payment platform, has been recognised in The Payments Power 50 2026, becoming the only company in China’s cross-border payment sector to receive this honour. The annual list is published by the authoritative international organisation, The Power 50, celebrating the companies and industry voices making their mark across the global payments industry. XTransfer recognised in The Payments Power 50 2026

Long Term Share-based incentive programme for 2026/2027

In line with previous years, and pursuant to Bang & Olufsen A/S’ Remuneration Policy, the Board of Directors has today approved the annual grant under the company’s long-term combined performance and restricted share-based incentive programme (the "LTIP”) for a new three-year performance period covering1 June 2026 to 30 May 2029. The LTIP applies to the Executive Management Board, the Global Leadership Team and other key employees in Bang & Olufsen A/S or its subsidiaries and continues the compa

Metrobank, PSBank waive online interbank transfer fees

METROPOLITAN Bank & Trust Co. (Metrobank) and its thrift bank arm Philippine Savings Bank (PSBank) have made online interbank fund transfers free starting Thursday (July 9), joining the ranks of financial institutions that have waived their fees in line with the central bank’s push to lower digital transaction costs. The two banks said all transfers […]

Cerebras Systems Accelerates European Expansion with 200MW of AI Compute Capacity by End of 2027

Cerebras CEO Andrew Feldman shares European expansion plans at RAISE Summit in Paris to deliver faster AI inference PARIS, July 09, 2026 (GLOBE NEWSWIRE) -- Cerebras Systems, makers of the fastest AI infrastructure, today announced a major expansion of its European infrastructure footprint. Cerebras will bring its first European data center capacity online by the end of 2026, with rapid build-out across France and the Nordics. The company plans to expand total capacity to 200 MW by the end of 20

Riverside Resources and Questcorp Complete Geophysics Programs and Continue Drilling at La Union Project

VANCOUVER, British Columbia, July 09, 2026 (GLOBE NEWSWIRE) -- Riverside Resources Inc. ("Riverside” or the "Company”) (TSX-V: RRI) (OTCQB: RVSDF) (FSE: 5YY0) is pleased to announce, with partner Questcorp Mining Inc. (CSE: QQQ) (OTCQB: QQCMF) (FSE: D910) ("Questcorp"), the completion of expanded geophysical programs linked to the current drilling at the La Union Project, Sonora, Mexico. The programs included an aeromagnetic drone survey and an Induced Polarization ("IP") ground geophysics surve

Coro Expands into DACH Market with Distribution Partnership with QBS Software

Coro selects QBS Software and its Prianto distribution brand to bring its AI-native unified cybersecurity platform to resellers across Germany, Austria, and Switzerland NEW YORK, July 09, 2026 (GLOBE NEWSWIRE) -- Coro, a leading global cybersecurity platform purpose-built for organisations with Lean IT teams, today announced a distribution partnership with QBS Software GmbH, one of EMEA’s largest enterprise software value-added distributors. Under the agreement, QBS Software will offer the Coro

Defiance Launches Europe's First Photonics UCITS ETF (PHOT)

Defiance Launches Europe's First Photonics UCITS ETF (PHOT) Defiance has expanded its European ETF lineup with the launch of the Defiance Photonics UCITS ETF (ticker: PHOT) Defiance has expanded its European ETF lineup with the launch of the Defiance Photonics UCITS ETF (ticker: PHOT).The ETF seeks to provide exposure to companies developing, manufacturing, and commercialising photonic technologies, the optical hardware that generates, moves, and processes data using light rather than electricit

Burckhardt Compression selected by HYDS to supply high pressure hydrogen compression solutions in the Nordics

Winterthur, Switzerland, July, 9 2026 - Burckhardt Compression, a global leader in reciprocating compressor technology, has been selected by Hydrogen Solutions AS (HYDS) to supply high pressure hydrogen compression solutions for projects, when operational, having a production capacity of 20 - 40 MW. A key element of the scope is the delivery of compression solutions capable of reaching pressures of up to 515 bar, enabling efficient filling of high-pressure tube trailers for transportation and di