Philippines Business News

Baltic Horizon Fund publishes its NAV for July 2026

The net asset value (NAV) per unit of the Baltic Horizon Fund (the Fund) increased to EUR 0.4059 at the end of July 2026 (0.4039 as of 30 June 2026). The month-end total net asset value of the Fund increased to EUR 92.0 million (EUR 91.5 million as of 30 June 2026). In July 2026, the Fund generated consolidated net rental income of EUR 1.1 million (EUR 1.1 million in June 2026). At the end of July 2026, the Fund’s consolidated cash and cash equivalents amounted to EUR 8.0 million (30 June 2026:

Water Purifier Rental in Pune Moves Toward Service Specialists like Rentomojo in 2026 - ₹417/Month In-House Units Backed by 1,688 Technicians and Six-Month Free Filter Replacement

Rentomojo installs, services and repairs its own RO, RO+UV and alkaline units in Pune through a directly employed field team rather than third-party contractors, with installation completed in around two days and repair cover running the length of the subscription. Water Purifier Rental in Pune Moves Toward Service Specialists like Rentomojo in 2026 Rent Water Purifier in Pune - RO, UV & Alkaline OptionsRentomojo's water purifier on rent in Pune is available in RO, UV, and RO+UV filtration model

Senate suspends work Monday

MANILA, Philippines — The Senate suspended its work starting at 4 p.m, Monday, amid continued heavy rains associated with the southwest monsoon or habagat. In an advisory, Senate Secretary Renato Bantug said Senate President Sherwin Gatchalian ordered the suspension of work in view of Memorandum Circular No. 127 issued by the Office of the President and the red rainfall warning issued for Metro Manila. "Senate President Sherwin Gatchalian has authorized employees to leave the office beginn

Marikina suspends Tuesday F2F, online classes; river reaches 2nd alarm

MANILA, Philippines — Marikina suspended Tuesday's face-to-face (F2F) and online classes as rain. "Because the Marikina River already reached the 1ST ALARM (15 meters) as of 12:40PM, FACE-TO-FACE and ONLINE CLASSES at ALL LEVELS in public and private schools in the City of Marikina are SUSPENDED TOMORROW, August 18, 2026," Mayor Maan Teodoro said on Facebook. The river's water level reached 16.8 meters at 2:52 p.m., the city's Public Information Office said on Facebook.

CoolFly Launches Urban Standing-Position Personal Aircraft

The launch also featured the Dream series, the proprietary NA80 flight control system, new strategic partnerships, and live flight demonstrations in Hangzhou. LAS VEGAS, Aug. 17, 2026 /PRNewswire/ -- CoolFly, a developer of personal electric aircraft and eVTOL platforms, officially launched Urban, its standing-position personal aircraft, during the CoolFly Global Product Launch held on Aug. 13 in Hangzhou, China. Under the theme "This Time, It Really Flies," the event also introduced the Dream s

MALAYSIA'S PATIENT CARE MODEL PRESENTED TO INTERNATIONAL HEALTH AUTHORITIES IN BEIJING

BEIJING, Aug. 17, 2026 /PRNewswire/ -- Malaysia Healthcare Travel Council (MHTC) was invited by the International Health Exchange and Cooperation Center (IHECC), an institution under the National Health Commission of the People's Republic of China, to speak at the Seminar on High-Quality Development of International Medical Services and the 8th Belt and Road Medical Assistance Conference (MASSCON 2026). This marks the first time Malaysia has been invited to participate as a speaker at this prest

The GXS Credit Card is Singapore's highest unlimited cashback credit card and one of the best for Grab and Singtel customers

Offering up to 10 per cent cashback in GrabCoins for Grab and 1.75 per cent cashback on Singtel payments and everyday spending SINGAPORE, Aug. 17, 2026 /PRNewswire/ -- Earning cashback just got even simpler for consumers in Singapore with the launch of the GXS Credit Card. Customers can earn up to 10 per cent instant cashback in GrabCoins on all Grab spending, with higher cashback rates unlocked as monthly Grab spending increases, making it one of the best credit cards in the market for Grab use

Red rainfall warning up in more areas

MANILA, Philippines — The Philippine Atmospheric, Geophysical and Astronomical Services Administration (Pagasa) on Monday issued a red rainfall warning for Metro Manila and other areas. In its Heavy Rainfall Warning 7 issued at 2 p.m. on Monday, Pagasa raised a red warning over Metro Manila; Bataan; parts of Zambales (Subic, Olongapo, San Antonio, Castillejos); parts of Pampanga (Floridablanca, Lubao, Sasmuan, Macabebe, Masantol); parts of Bulacan (Obando, Bulakan, Malolos, Meycauayan, Hag

GLOBAL POWER SOLUTIONS ADVANCES MODULAR HYDROGEN POWER SYSTEM WITH PROPOSED FIRST EQUIPMENT PURCHASE

Vancouver, British Columbia, Aug. 17, 2026 (GLOBE NEWSWIRE) -- Global Power Solutions Corp. (TSXV: PWER) (FSE: NJA) ("Global” or the "Company”) is pleased to announce that it intends to make its first equipment purchase in connection with the development and testing of the Company’s proposed modular hydrogen power system (the "Modular H2 Power System”). The proposed purchase consists of the driver intended to perform the power-generation function within the Modular H2 Power System. The equipment

Türkiye launches pioneering project to protect WWI wrecks in the Dardanelles

Credit: Alex Dawson Photography ÇANAKKALE, Türkiye, Aug. 17, 2026 (GLOBE NEWSWIRE) -- A pioneering conservation initiative has been launched to protect the historic World War I shipwrecks of the Dardanelles Strait through cathodic protection, preserving them for future generations while supporting sustainable diving tourism. The Deep Heritage Project, carried out in partnership between the Directorate of Gallipoli Historic Site and the 1915 Çanakkale Bridge and Motorway, aims to safeguard one of

Cone says June Mar ‘plucked out’ of retirement, to play in FIBA window

MANILA, Philippines — June Mar Fajardo is set to play his final games for Gilas Pilipinas when the national squad plays two home games against Jordan and Iran in the FIBA World Cup 2027 Asian Qualifiers second round on Aug 28 and 30 at the SM Mall of Asia Arena. Gilas coach Tim Cone said over the weekend that the nine-time PBA Most Valuable Player already indicated retiring from Gilas duties, but they asked him to play once again, at least for the coming FIBA window. “June Mar wants

Share buyback programme - week 33

Nasdaq Copenhagen Euronext Dublin London Stock Exchange Danish Financial Supervisory Authority Other stakeholders Date 17 August 2026 Share buyback programme - week 33 The share buyback programme runs in the period 10 August 2026 up to and including 9 October 2026, see company announcement of 7 August 2026. During the period the bank will thus buy back its own shares for a total of up to DKK 400 million under the programme, but to a maximum of 500,000 shares. The programme is implemented in comp

Casa Aire Wellness Expands Hyperpigmentation Correction Treatments in Dubai From AED 250 as Year-Round UV Makes Melasma One of the City's Most Treated Skin Concerns in 2026

AIRE MD by Casa Aire Wellness treats hyperpigmentation through a programme that begins with the AED 250 Skintellectual 3D skin analysis and sequences correction over months, in a market where premium corrective facials run from AED 650 to AED 1,450 a session. Casa Aire Wellness Expands Hyperpigmentation Correction Treatments in Dubai Casa Aire Wellness structures hyperpigmentation correction around diagnosis first at its Dubai Marina institute, pairing trademarked Korean Facial™ protocols with t

XCMG Accelerates Global Equipment Deliveries for Infrastructure and Mining Projects

XUZHOU, China, Aug. 17, 2026 /PRNewswire/ -- XCMG (SHE: 000425) has accelerated equipment deliveries and deployments in Angola, Southeast Asia, South America and Mozambique, supporting road construction, lifting, aerial access and green mining projects. XCMG Accelerates Global Equipment Deliveries for Infrastructure and Mining Projects Deliveries include more than 100 units of integrated road construction equipment in Angola, nearly 300 crawler cranes across Southeast Asia and 80 aerial work pla

Intuitive Expands Manufacturing Footprint in Asia Pacific with New Facility in Penang, Malaysia

New 316,000-square-foot facility is expected to begin operations in 2028 and create 1,200 highly skilled jobs by 2032 PENANG, Malaysia, Aug. 17, 2026 /PRNewswire/ -- Intuitive (NASDAQ: ISRG), a global technology leader in minimally invasive care and the pioneer of robotic-assisted surgery (RAS), announced that it has entered into a lease agreement with Penang Development Corporation (PDC) for its new manufacturing facility in Bandar Cassia Technology Park, Penang, Malaysia. The investment reflec

INVL fund invests in the fish processing sector: signs agreements to acquire Nordian Group and Norvelita

INVL Private Equity Fund II, one of the leading private equity funds in Central and Eastern Europe, has signed agreements to acquire two Lithuanian fish processing companies - Nordian Group and Norvelita. The combination of these two companies will create one of the largest fish processing groups in the region, with combined annual revenues of approximately EUR 200 million. By investing in these companies, the fund aims to grow them into regional leaders, competing with other major European proc

Queensland’s largest overnight charity walk returns after $1 million first year

BRISBANE, Australia, Aug. 16, 2026 (GLOBE NEWSWIRE) -- Queensland’s largest overnight charity walk will return this October after a sold-out inaugural event attracted more than 1,600 participants and raised more than $1 million for Ronald McDonald House South East Queensland and Children’s Hospital Foundation. Registrations are now open for All Night Long 2026, with participants invited to take on either a 42-kilometre overnight marathon or a 21-kilometre walk through Brisbane in support of chil

Trump says US scaling back military drills with South Korea

WASHINGTON — US President Donald Trump said he was "not happy" about US participation in joint military exercises with close ally South Korea and is scaling back the drills aimed at deterring rival North Korea that start Monday. Trump's comments on Sunday, ahead of the annual "Ulchi Freedom Shield" exercise in South Korea, underscored his willingness to challenge long-standing military alliances, as he harked back to his negotiations with North Korean leader Kim Jong Un during his first te

Soterion's SAP License Manager Passes 100 FUE Assessments as Customers Confront the Cost of SAP's STAR Licensing

One year after launch, the module has completed 100 Full User Equivalent assessments, sizing SAP licensing on what users actually do rather than on the access they are assigned SYDNEY, Aug. 17, 2026 /PRNewswire/ -- Soterion today announced that its SAP License Manager has completed its 100th Full User Equivalent (FUE) licensing assessment, just one year after the module was launched. The milestone reflects the growing demand for specialist licensing expertise as organisations transition from SAP

MLB pitcher Tommy John, known for career-saving elbow op, dies at 83

LOS ANGELES — Tommy John, the Major League Baseball pitcher who underwent a pioneering elbow surgery that later saved the careers of countless pitchers, has died at the age of 83. The New York Yankees and Los Angeles Dodgers were two of John's former clubs offering condolences after he died at his home in Bradenton, Florida, where he had received hospice care after a recurrence of bladder cancer. "We are saddened to hear the news of Tommy John's passing today," Dodgers president Stan Kaste

Today's Weather, 5 A.M. | Aug. 17, 2026

Corgis run, bark and sniff their way to glory at a growing international race

VILNIUS, Lithuania — It's not all about short-legged speed when 150 corgis gather for an international race celebrating the little dogs. There's a costume parade, the "smartest nose," and — of course — the loudest bark. The fifth Corgi Race Vilnius drew dogs and their owners to the Lithuanian capital's Vingis park on Saturday for what organizers said was the biggest edition yet. There were competitors from Lithuania, Latvia, Poland, Estonia, Germany, Ukraine, the Czech Republic

Rocket Lab Satellite Platforms Built for MDA Space Successfully Reach Orbit, Supporting Globalstar Direct-to-Device Communications Services

Rocket Lab Lightning Bus Rocket Lab Satellite Platforms Built for MDA Space Successfully Reach Orbit, Supporting Globalstar Direct-to-Device Communications Services LONG BEACH, Calif., Aug. 16, 2026 (GLOBE NEWSWIRE) -- Rocket Lab Corporation (Nasdaq: RKLB), a global leader in launch services and space systems, today announced the successful launch of eight advanced satellite platforms the Company built for MDA Space (TSX: MDA; NYSE: MDA), prime contractor for the replenishment of Globalstar’s (N

Brazil's Lula and Flávio Bolsonaro kick off their presidential campaigns

SAO BERNARDO DO CAMPO — Brazil's main presidential election candidates kicked off their campaigns Sunday in their political strongholds ahead of what is expected to be a tight October election. President Luiz Inácio Lula da Silva spoke to more than 10,000 supporters at the Vila Euclides Stadium outside the city of Sao Paulo — where he rose to political fame 47 years ago as a metalworkers union leader during the country's 1964-1985 military dictatorship. Sen. Flávio Bols