Philippines Business News

Duane ‘Keffe D’ Davis gets 40 years to life in prison for orchestrating the murder of Tupac Shakur

LAS VEGAS — An aging ex-gang leader was sentenced Tuesday to 40 years to life in prison for orchestrating the 1996 drive-by shooting of rap icon Tupac Shakur near the Las Vegas Strip. The killing, rooted in a long-running gang feud, had gone unsolved for decades — captivating the public and tormenting Shakur’s loved ones — until Duane “Keffe D” Davis started bragging about it in interviews and a memoir. Davis, 63, was convicted in August of first-degree murder

Trump says ‘massive’ oil, gas, and mineral exploration to begin in Greenland

A shorter path to recovery after heart surgery

For many patients, the prospect of undergoing an operation brings more questions about pain, recovery, complications, and how…

Attracting investments

BBM must really think so poorly of us to claim he made his recent Singapore F1 Grand Prix trip to bring in investments. Indeed, other presidents before him justified their expensive foreign junkets the same way and we always just rolled our eyes.

BSP trims BOP deficit forecasts for 2026, 2027

The Philippines may post narrower balance of payments deficits for the next two years than earlier expected, although elevated fuel costs, geopolitical tensions and uneven global growth are still seen weighing on the country’s external position, the Bangko Sentral ng Pilipinas said.

‘Complete secrecy’ in Semirara coal auction flagged

Semirara Mining and Power Corp. has criticized what it claims is “complete secrecy” surrounding the award of a new operating contract for the country’s largest coal mine.

ERC suspends power reserve market

The Energy Regulatory Commission has temporarily halted Reserve Market operations to curb persistently high ancillary service prices, especially in the Visayas.

FDI inflows sink 44% in July – BSP

Foreign direct investment net inflows into the Philippines fell sharply in July from a year ago, pulling the seven-month tally down by nearly a quarter as all major components of foreign investment weakened.

High food, energy prices to weigh on Philippines growth

The Philippine economy is expected to book slower growth than most major Southeast Asian peers this year as high food and energy prices weigh on activity, before staging a stronger rebound in 2027, according to the International Monetary Fund.

PAGCOR targets casino exit by 2027

The Philippine Amusement and Gaming Corp. is targeting to complete its exit from casino operations by the third or fourth quarter of 2027, as the state gaming regulator moves closer to securing government approval for the privatization of its Casino Filipino business.

Soybean meal imports seen to rise 10% in 2027

The country’s imports of soybean meal are forecast to expand by 10 percent in 2027 due to rising demand from the poultry sector.

Stocks slip as investors cash in

Investors yesterday decided to take profits amid economic concerns, cutting short the local stock market’s two-day climb.

Toyota eyes bigger bet on Tamaraw

Toyota Motor Philippines Corp. is ready to make additional investments for the next-generation Tamaraw as it plans to participate in the government’s Revitalizing the Automotive Industry for Competitiveness Enhancement program.

CICC Global Institute 2026 Q4 Macro Forum on "China’s Economy amid Global Rebalancing: New Paradigms and New Industries" Successfully Held in Bangkok, Thailand

HONG KONG SAR - Media OutReach Newswire - 13 October 2026 - On October 13, the CICC Global Institute (CGI) held its 2026Q4 Macro Forum in Bangkok, Thailand, under the theme "China's Economy amid Global Rebalancing: New Paradigms and New Industries". The forum featured welcome remarks, keynote speeches, two thematic dialogues and an evening discussion session. Yanliang Miao, Chief Economist and Senior Managing Director of CICC, shared his insights on China's economic transformation and the evolvi

Datasea's Five AI Agent Customer Arrangements Reach Approximately US$4.0 Million in Aggregate Service Value

Aggregate service value increased approximately 264% from the approximately US$1.10 million disclosed in mid-September; continued execution advances AI agent commercialization under arrangements previously disclosed with potential annualized service volume of up to approximately US$89.4 million BEIJING, Oct. 13, 2026 /PRNewswire/ -- Datasea Intelligent Technology Ltd. (NASDAQ: DTSS) ("Datasea" or the "Company"), a technology company focused on acoustic high technology and AI multimodal intellige

EcoFlow Debuts TITAN Series, Bringing Whole-Home Energy Security Within Reach of Everyday Families

Built to cut daily electricity costs and power through grid outages, the new ecosystem delivers heavy-duty backup at an accessible price SEATTLE, Oct. 13, 2026 /PRNewswire/ -- Homeowners facing surging utility bills and an unpredictable power grid have a simpler path to energy independence with today's launch of EcoFlow TITAN Series. Designed to make whole-home backup power practical and accessible, the ecosystem features three powerful options to choose from: TITAN 5000 Plus, TITAN 5000 and TIT

Global 300mm Fab Equipment Spending to Reach $227 Billion in 2029 as Buildout Accelerates, SEMI Projects

U.S. Construction Pipeline Expands Amid Strong Global 300mm Investment SAN FRANCISCO, Oct. 13, 2026 /PRNewswire/ -- SEMICON West -- Global 300mm front-end fab equipment spending is projected to reach $149 billion in 2026, up 31% year-over-year, SEMI reported today in its latest 300mm Fab Outlook. Investment is expected to continue growing at double-digit rates through 2029, reaching $227 billion. Global 300mm Fab Equipment Spending from 2024 projected to 2029 The stronger investment trajectory i

ENVALIOR AT FAKUMA 2026: SUSTAINABLE MATERIAL SOLUTIONS THAT HELP CUSTOMERS MEET ENVIRONMENTAL TARGETS

Envalior's booth will showcase its growing portfolio of more sustainable material options to support customers in meeting evolving regulatory demands and environmental targets while maintaining the highest performance standards.Solutions on display include bio-based mass-balanced Xytron™ PPS that reduces product carbon footprint up to 40%, a collaboration to create virgin-quality PA6 using post-consumer vehicle components, and a wide range of drop-in sustainable grades.The company's post-consume

LG ELECTRONICS ANNOUNCES NEW SMART HOME ACCESSORIES, DESIGNED IN COLLABORATION WITH APPLE FOR THE APPLE HOME COLLECTION

The New Products Advance LG's Zero Labor Home Vision Across Indoor and Outdoor Living Spaces News Summary LG Electronics and Apple announced the seven smart home accessories for the Apple Home Collection, including indoor and outdoor cameras, a video doorbell, smart lock, smart thermostat and temperature sensor.The new products are co-developed by LG Electronics and Apple, and work seamlessly with Apple devices. The collaboration goes beyond device compatibility, combining LG's deep knowledge of

IFS Launches IFS Intelligence: new way to apply AI to industrial challenges that technology previously could not solve

Unearth insights from every corner of your industrial operation, act on the answer, and set crews of digital workers to the point of work - in plain language, all in one place ORLANDO, Fla., Oct. 13, 2026 /PRNewswire/ -- IFS UNLEASHED - IFS, the world's leading provider of Industrial AI software, today launched IFS Intelligence, a new product that collates data from across your industrial operation (from assets, systems, processes) and turns it into meaningful action in minutes - creating value

IFS Industrial Index 2026 reveals the factory floor is surging ahead in AI usage leading to 90% gains in reliability and performance

New annual index uncovers a growing execution divide as industrial frontline teams tap operational data to solve critical challenges and achieve cost savings with AI while leadership catches up on governance, AI safety, and scale ORLANDO, Fla., Oct. 13, 2026 /PRNewswire/ -- IFS Unleashed - IFS, the leading provider of Industrial AI software, today launched new research revealing a significant divide between frontline execution and C-suite strategy in industrial AI usage. According to the IFS Ind

Wolfbox MegaFlow 400 Makes Car Drying and Detailing a One-Tool Job

The new compact yet powerful cordless handheld blower delivers up to 72 m/s of airspeed and includes three speed settings and three nozzles for improved care and cleaning of a vehicle's exterior and interior. DALLAS, Oct. 13, 2026 /PRNewswire/ -- The compact, cordless MegaFlow 400 air blower is the newest addition to Wolfbox's suite of air blowers for different needs. Leveraging extensive experience as a leader in automotive electronics, the brand designed the MegaFlow 400 to be a handheld tool

AIsphere Officially Opens Hong Kong Office at Cyberport, Building an AI Hub for the City

More than a workplace, its Hong Kong office is positioned as an AI hub serving local enterprises, government bodies, universities, and creators. HONG KONG, Oct. 13, 2026 /PRNewswire/ -- AIsphere, a leading global AI video generation company, today announced the official opening of its Hong Kong office at Cyberport. AIsphere is one of the first AI video model companies to establish an office in Hong Kong. More than a workplace, the office is positioned as an AI hub serving local enterprises, gove

IFS brings the Industrial AI Harness to the world's most critical and complex industries

New operational foundation helps industrial organizations move from AI experimentation to trusted execution ORLANDO, Fla., Oct. 13, 2026 /PRNewswire/ -- IFS UNLEASHED - IFS, the leading provider of Industrial AI software, today introduced the Industrial AI Harness, the operational foundation of IFS Intelligence, designed to help enterprises put AI to work within the permissions, policies and operational realities that govern their business. The Industrial AI Harness builds on and extends the exi