Philippines Business News

Alarum Technologies Responds to Inquiry into Residential Proxy Networks

Tel Aviv, Israel, July 02, 2026 (GLOBE NEWSWIRE) -- Alarum Technologies Ltd. (Nasdaq: ALAR, TASE: ALAR) ("Alarum” or the "Company”) today issued the following statement in response to recent reports regarding their proxy network operations. On July 2, 2026 Alarum and its subsidiary NetNut Ltd. ("NetNut”) were made aware of the seizure of certain domains associated with NetNut by the FBI. Alarum takes this matter seriously and will fully cooperate with law enforcement to ensure any misuse of its

Bulldog Investors Urges Shareholders of XFLT to Vote No at Special Meeting

SADDLE BROOK, N.J., July 02, 2026 (GLOBE NEWSWIRE) -- Bulldog Investors, LLP, a significant shareholder of XAI Floating Rate & Alternative Income Trust (NYSE: XFLT), holding 310,000 shares, announced today that it intends to vote against a new sub-advisory agreement at the July 30th special meeting of shareholders unless and until the Board of Trustees agrees to provide an opportunity for shareholders to monetize their shares at a price close to net asset value (NAV). For background, XFLT initia

Equinor ASA: Completed share capital reduction

On 12 May 2026, the annual general meeting of Equinor ASA (OSE: EQNR, NYSE: EQNR) resolved to reduce the company's share capital by NOK 415,146,180.00 from NOK 6,392,018,780.00 to NOK 5,976,872,600.00 through cancellation and redemption of a total of 166,058,472 shares. The creditor notice period for the capital reduction has expired, and the capital reduction was registered as effective with the Norwegian Register of Business Enterprises today, 2 July 2026. Following completion of the capital r

Aeroméxico June 2026 Traffic Results

MEXICO CITY, July 02, 2026 (GLOBE NEWSWIRE) -- Grupo Aeroméxico S.A.B. de C.V. (NYSE: AERO & BMV: AERO, "Aeroméxico”) reports its June 2026 operational results: Grupo Aeroméxico transported 1 million and 851 thousand passengers in June 2026, a 9.0% year-over-year decrease. International passengers decreased by 1.4%, while domestic passengers decreased by 13.0%.Aeroméxico's total capacity, measured in available seat miles (ASMs), increased by 0.9% year-over-year. International ASMs increased by 4

Vor Bio Reports Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)

BOSTON, July 02, 2026 (GLOBE NEWSWIRE) -- Vor Bio (Nasdaq: VOR), a clinical-stage biotechnology company transforming the treatment of autoimmune diseases, today announced that, on July 1, 2026, the Compensation Committee of the Board of Directors granted stock options to purchase an aggregate of 71,200 shares of Vor Bio’s common stock and restricted stock units ("RSUs”) representing the right to receive an aggregate of 15,150 shares of Vor Bio’s common stock to 7 newly hired employees. The foreg

VivoPower Reinforces Focus on AI Data Center Business and Provides Update on Non-Core Businesses

LONDON, UNITED KINGDOM, July 02, 2026 (GLOBE NEWSWIRE) -- VivoPower PLC (NASDAQ: VIVO) ("VivoPower” or the "Company”), a B Corp-certified global developer and owner of powered land and data center infrastructure for AI compute applications, today provides the following update in respect of its strategic direction and the previously announced separation initiatives relating to its subsidiaries Tembo e-LV B.V. ("Tembo”) and Caret Digital ("Caret Digital”). Following a strategic review, the Board o

Today's Weather, 5 A.M. | Jul. 3, 2026

ICE detains 10K in 5 days amid intensified Trump deportation push

WASHINGTON — Immigration and Customs Enforcement arrested 10,000 people over a five-day period at the end of June, marking a major push by the agency tasked with carrying out the Trump administration's mass deportations agenda. The arrest numbers, obtained from a person familiar with the information who spoke anonymously to discuss data that has not been publicly released, comes after the agency shifted its approach from high-profile arrest sweeps in major American cities to quieter ways t

Osprey Acquisition Corp. III Completes $300.15 Million Initial Public Offering

PHILADELPHIA, PA, July 02, 2026 (GLOBE NEWSWIRE) -- Osprey Acquisition Corp. III (NASDAQ:OSPRU) (the "Company”) today announced the closing of its initial public offering of 30,015,000 units, which includes 3,915,000 units issued pursuant to the exercise by the underwriters of their over-allotment option in full. The offering was priced at $10.00 per unit, resulting in gross proceeds of $300,150,000. The Company’s units began trading on the Nasdaq Global Market ("Nasdaq”) on July 1, 2026 under t

NG debt rises to P18.55 trillion in May

NATIONAL GOVERNMENT (NG) debt rose in May as it continued to raise funds to support financing needs, the Bureau of the Treasury (BTr) said. The latest data from the Treasury showed that outstanding debt stood at P18.55 trillion as of end-May, inching up by 0.41% from the previous month’s level of P18.47 trillion. “The increase […]

Economists warn slower growth could threaten Philippines’ UMIC status

PRESIDENT Ferdinand R. Marcos, Jr. on Thursday welcomed the Philippines’ reclassification as an upper-middle income country (UMIC) by the World Bank, but economists cautioned that slowing growth could threaten the country’s ability to retain the status.

CPTPP seat key to expanding Philippines’ role in global supply chain

THE PHILIPPINES could gain access to lower tariffs and secure a bigger role in global supply chains if it gains a seat in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

Japanese investors interested in MRT-3 PPP project

AT LEAST 26 Japanese firms have expressed interest to invest in the planned Metro Rail Transit Line 3 (MRT-3) public-private partnership (PPP) project, according to the Department of Transportation (DoTr).

Metro Manila hotel operators tout ESG as driver of asset value, profitability

METRO MANILA’S hospitality sector is increasingly integrating environmental, social, and governance (ESG) initiatives into business strategies, with industry executives saying such investments can enhance profitability and asset values as the market prepares for the addition of about 4,000 hotel rooms by yearend. Samantha de Mello, director of ESG for Asia Pacific at Hyatt Hotels Corp., […]

Analysts say PSE negotiated trades proposal fills market structure gap

THE Philippine Stock Exchange’s (PSE) proposed negotiated trades facility would address a long-standing gap in the local equity market by allowing certain legitimate pre-arranged transactions that cannot be executed under the exchange’s existing trading rules, according to analysts. “The PSE’s proposal to introduce a negotiated trades facility is a constructive and timely market structure reform […]

Keeping the reel and real separate

THE leads in The Loyalty Game — the latest Filipino series showing on streaming service Prime Video — real-life celebrity couple Jericho Rosales and Janine Gutierrez, made it a point to keep their reel life from seeping into their real life.

Converge, IBPAP partner to boost AI readiness in IT-BPM sector

FIBER BROADBAND and technology solutions provider Converge ICT Solutions, Inc. has partnered with the Information Technology and Business Process Association of the Philippines (IBPAP) to support workforce upskilling and artificial intelligence (AI) readiness in the country’s information technology and business process management (IT-BPM) sector. The partnership follows Converge’s membership in IBPAP, an industry association representing […]

Tennis studio AVARI offers practice simulations

WITH FILIPINO tennis enthusiasts now growing in number, inspired by the rise of professional tennis player Alex Eala, there’s a place where they meet like-minded people and play — but not on a court. The place is the AVARI Tennis Studio, which offers the very first tennis simulation in the country. “To be honest, we’re […]

Manila Water unit, CDC break ground on 10-MLD Clark wastewater plant

MANILA WATER Co., Inc. subsidiary Clark Water Corp. and state-run Clark Development Corp. (CDC) have broken ground on a 10-million-liter-per-day (MLD) wastewater treatment facility in the Clark Freeport Zone (CFZ) in Pampanga to expand wastewater treatment capacity as business activity in the estate grows. The project, which broke ground on July 1, will be developed […]

PayMongo posts rapid growth in QR Ph payments

PAYMENTS made through QR Ph, the Philippines’ national QR code standard, are gaining traction as it overtook cards’ and e-wallets’ share in transaction volume in the first half, according to data from financial technology company PayMongo Group. PayMongo said on Thursday that completed transactions made through its platform grew by 89% year on year to […]

CTA voids P51.6-M BIR withholding tax assessment vs JTKC Land

THE Court of Tax Appeals (CTA) has voided a P51.59-million deficiency withholding tax assessment issued by the Bureau of Internal Revenue (BIR) against property developer JTKC Land, Inc., ruling that the assessments lacked legal basis and, in part, were issued without valid audit authority. In a 30-page decision promulgated on June 30, the CTA Special […]

Moody’s cuts RCBC outlook to ‘negative’

MOODY’S RATINGS has affirmed its ratings for Rizal Commercial Banking Corp. (RCBC) but cut its outlook to “negative” from “stable” due to heightened asset quality risks stemming from its large exposure to the retail segment. The debt watcher on Wednesday affirmed the bank’s Baa3/P-3 long-term (LT) and short-term (ST) foreign-currency (FC) deposit ratings, Baa3 FC […]

When does regulatory relief become regulatory risk? Lessons from the BSP’s response to the Iran conflict

Every major financial crisis reshapes central banking. The Asian Financial Crisis transformed exchange-rate management and reserve policy. The Global Financial Crisis elevated financial stability alongside price stability as a core objective of central banks. The COVID-19 pandemic expanded the supervisory toolkit through extraordinary liquidity support, regulatory flexibility, and crisis interventions. The recent conflict involving Iran […]

Stuff to Do (07/03/26)

PRIME VIDEO presents the sci-fi film Project Hail Mary starting July 3. Science teacher Ryland Grace (Ryan Gosling) wakes up on a spaceship light years from home with no recollection of who he is or how he got there.