Philippines Business News

Jobless rate up to 4.8% in May

Unemployment went up in May from the previous month while underemployment declined, according to the Philippine Statistics Authority.

MerryMart shareholders OK voluntary delisting

DoubleDragon Corp.’s plan to voluntarily delist MerryMart Consumer Corp. from the Philippine Stock Exchange (PSE) has won the approval of the retailer’s shareholders.

Offshore wind auction put on indefinite hold

MANILA, Philippines — Just as the country’s offshore wind industry seemed poised for takeoff, its inaugural auction has been suspended indefinitely amid current market challenges, including disruptions caused by the Middle East war. Energy Undersecretary Felix William Fuentebella said the fifth green energy auction (GEA-5) round was placed “on hold until further notice” to give the government time to recalibrate the bidding process. The recalibration will cover key issues

Phl as upper-middle income country is good, BSP mandatory free fund transfer is bad

Last week, the World Bank released its data on gross national income per capita in 2025.

PNB waives InstaPay, PESONet transfer fees

Lucio Tan’s Philippine National Bank is waiving transfer fees for domestic fund transfers made through its digital banking platform starting July 10 as part of the bank’s 110th anniversary celebration.

Rice imports rise to record 2.75 million MT in H1

The country imported 2.75 million metric tons (MT) of rice in the first half, marking a record-high volume for the period, the Bureau of Plant Industry said.

Rice price cap extension pushed amid lower food prices

Lower food prices, particularly rice, helped ease inflation in June, prompting the National Price Coordinating Council to endorse to the Office of the President the Department of Agriculture (DA)’s recommendation to extend by two months the government’s P50-per-kilo price cap on imported rice.

Smart taps Nokia for faster roaming

Wireless giant Smart Communications Inc. is working with technology leader Nokia to improve roaming services, exploring a solution that no longer requires international traffic to go through the Philippines.

Stock market extends winning streak

The local stock market kept its winning streak alive as investors stayed on buying mode, still inspired by the slower June inflation.

The promise of Phl’s upper-middle income status

The Philippines is now classified as an upper-middle income country, following an upgrade by the World Bank in its latest country income classification update.

THINKaMuna Pilipinas to help boost media, information literacy among Meralco employees

MediaQuest Holdings Inc. and Meralco on Monday signed a memorandum of agreement for THINKaMuna Pilipinas, the media company’s media and information literacy (MIL) advocacy campaign. The partnership aims to empower the power company’s stakeholders, starting from its employees, to be discerning consumers of information.

TeleSpecialists to Host Webinar on Operational Readiness for the 2026 AHA/ASA Stroke Guidelines

Live session addresses new imaging, documentation, and accreditation requirements introduced by the first major guideline update in seven years ATLANTA, July 08, 2026 (GLOBE NEWSWIRE) -- TeleSpecialists, the physician-owned digital healthcare solution provider, will host a live webinar examining what hospitals need in place to operationalize the 2026 AHA/ASA Stroke Guidelines. The session, titled "The 2026 AHA/ASA Stroke Guidelines Are Active. Is Your Facility Operationally Ready?" takes place W

TGS Sells North American Well Data Products Business to Enverus

OSLO, Norway (8 July 2026) - TGS, a leading provider of energy data and intelligence, today announced that it has closed the sale of its North American well data products business to Enverus, Inc. for a purchase price in excess of USD 100 million. The transaction consists of USD 100 million payable at closing, with an additional USD 15 million earn-out conditioned on milestones agreed between the parties. A2D, a subsidiary of TGS acquired in 2002, operates TGS’ well data products business, inclu

Hansen & Harmon Injury Law recognized by American Institute of Trial Lawyers

Las Vegas, Nevada, July 08, 2026 (GLOBE NEWSWIRE) -- Las Vegas, Nevada - July 08, 2026 - Hansen & Harmon Injury Law, a personal injury practice serving clients throughout Las Vegas, has been named a Best Law Firm by the American Institute of Trial Lawyers, an honor that the firm says reflects its trial-focused approach to car accident representation across Southern Nevada. The recognition arrives as the practice continues to handle a steady volume of auto collision claims drawn from the Las Vega

Bikerringshop Announces Victorian Mourning-Inspired Collection Rooted in Coffin Ring Heritage

BANGKOK, Thailand, July 8, 2026 /MarketersMEDIA/ -- Bikerringshop announces a new collection that interprets Victorian mourning jewelry aesthetics and techniques through sterling silver craftsmanship and a focused study of historical motifs. The collection positions historical mourning practice as a design language rather than a reproduction of etiquette, tracing specific visual and material threads from 19th-century Britain into contemporary metalwork. The announcement draws on documented Victo

IMPEACHMENT TRIAL: DAY 3

SalMar enters into agreement to acquire 70% of the shares in Måsøval

SalMar ASA ("SalMar") has today entered into an agreement with Heimstø AS ("Heimstø") to acquire Heimstø's 85,727,553 shares in Måsøval AS ("Måsøval"), representing approximately 70% of the share capital of the company. The purchase price is NOK 39.50 per share, representing an aggregate consideration for the sale shares of approximately NOK 3.4 billion. The consideration comprises 733,906 SalMar shares, representing 10% of the total purchase price, and a cash consideration for the remaining por

Cosentino’s Two New Dekton Collections Showcase How Beauty Lives in Every Detail

Cosentino expands Dekton in North America with the exclusive launch of ARTIK NODES and the introduction of NOMAK Dekton ARTIK NODES Bering A snowy white with stone-gray veins that emerge irregularly, adding relief and depth. Dekton NOMAK Evok An Ash grey with slight variations and restrained veining that create a controlled sense of movement that brings continuity to large, open spaces. Coral Gables, Fla., July 08, 2026 (GLOBE NEWSWIRE) -- Cosentino, the global leader in the production and distr

Children’s Home Society of North Carolina Seeks New Voices for Foster Care Podcast

Organization invites guests to share experiences and expertise that inform and encourage foster families. Shannon Enoch, Executive Director of Programs Children's Home Society of North Carolina Greensboro, NC, July 08, 2026 (GLOBE NEWSWIRE) -- Children’s Home Society of North Carolina (CHS) is inviting foster parents, kinship caregivers, individuals with lived experience in foster care, and child welfare professionals who work with foster families to share their stories and expertise as guest sp

St. Augustine Earns Wave of National Recognition

Florida’s Historic Coast honored for walkability, live music, summer travel, and world-class entertainment Exploring Aviles Street in St. Augustine Exploring the historic streets on foot and shopping in charming boutiques are part of the attraction to the Nation's Oldest City - St. Augustine. St. Augustine, FL, July 08, 2026 (GLOBE NEWSWIRE) -- Following national recognition earlier this year as Southern Living’s South’s Best Small Town and one of National Geographic’s Top 100 Must-See Getaways,

Genco Shipping & Trading Limited Comments on Diana Shipping Inc.’s Misleading Tender Offer Disclosures

Tender Offer is For Only $24.80 Per Share in Cash Cautions Shareholders Not to Tender into $24.80 Per Share Tender Offer NEW YORK, July 08, 2026 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) ("Genco” or the "Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today issued the following statement regarding the pending tender offer by Diana Shipping Inc. ("Diana”): We are dismayed by Diana’s continued misleading disclos

Canon Introduces New imageFORMULA R40II Office Document Scanner Receipt Edition

Canon Introduces New imageFORMULA R40II Office Document Scanner Receipt Edition imageFORMULA R40II Receipt Edition Scanner Open Angle Canon Introduces New imageFORMULA R40II Office Document Scanner Receipt Edition imageFORMULA R40II Receipt Edition Scanner Front Angle MELVILLE, NY, July 08, 2026 (GLOBE NEWSWIRE) -- Canon U.S.A., Inc., a leader in digital imaging solutions, today announced the launch of the new imageFORMULA R40II Office Document Scanner Receipt Edition. Building on the foundation

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