Philippines Business News

DOLE: Regional conditions determine wage hikes

MANILA, Philippines — Wage increases vary across regions because wage boards consider local economic conditions, inflation and employers' capacity to pay, Labor Secretary Francis Tolentino said Monday. Tolentino said regional wage boards consult workers, employers and government representatives before deciding on adjustments, taking into account the economic conditions in each area. "In all provinces, there was a public hearing; the last one was in Lipa. Lucena was also included. There was

Teva to Host R&D Day on Wednesday, November 11 in New York City

TEL AVIV, Israel, Oct. 12, 2026 (GLOBE NEWSWIRE) -- Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA) today announced that it will host an R&D Day on Wednesday, November 11, 2026. At the R&D Day, Teva’s leadership will discuss its R&D pipeline, its near-term value-creation potential over the next five years, and Teva’s ongoing transformation into an innovative biopharma company through the Pivot to Growth strategy. The event will take place in New York, N.Y. Presentations will begin at 8

Today's Weather, 5 A.M. | Oct. 13, 2026

Inseego Brings Flexible Multi-WAN Resilience to Wireless Broadband Offerings

Demonstrated on the Inseego Wavemaker FX4200 at Network X, the capability gives operators flexible connectivity and failover options at a price point suited to business and residential broadband offerings VIENNA, Oct. 12, 2026 (GLOBE NEWSWIRE) -- Inseego Corp. (Nasdaq: INSG) today introduced intelligent multi-WAN control software for its portfolio of SD-WAN appliances, making resilient connectivity across multiple broadband sources simpler and more accessible for operators and their customers. T

Sierra Dreams Makes Bedding Behave With a Patent-Pending System

The Align™ System connects sheets, duvet covers, and inserts to address the everyday frustrations traditional bedding leaves unsolved. RENO, Nev., Oct. 12, 2026 (GLOBE NEWSWIRE) -- Sierra Dreams, a bedding innovation company founded by a team of entrepreneurs led by product developer Zach Osness, today announced the introduction of its patent pending Align™ System, a connected bedding solution designed to address everyday frustrations that traditional bedding has left unsolved for generations. W

HCLTech delivers strong Q2 led by record deal bookings of $3.3 billion

EBIT margin expands to 18.2%; annualized advanced AI revenue at $876M NEW YORK and NOIDA, India, Oct. 13, 2026 /PRNewswire/ -- HCLTech (NSE: HCLTECH) (BSE: HCLTECH), a leading global technology company, today reported financial results for the quarter ended September 30, 2026. USD revenue was at $3.7 billion, up 2.2% YoY, while revenue in constant currency (CC) grew 2.6% YoY. "We delivered a strong quarter with new bookings of $3.3 billion, up 27% YoY, taking first half bookings to a record high

Almost half of Australians consume sugar on autopilot, and small swaps could help break the habit

Equal's new No Compromise report reveals the swap habits that could help the nearly two-thirds of Australians who've abandoned their health changes in less than four weeks SYDNEY, Oct. 13, 2026 /PRNewswire/ -- Australians are actively trying to live healthier lives but a new national report suggests the biggest barrier to making healthier habits stick may not be a lack of discipline but the way we approach change in the first place. The No Compromise report commissioned by Equal found that 62 pe

IBNAi Wallet Surges Past 60,000 New Wallets in Just 5 Days Following Launch

Non-custodial wallet combines advanced security, frictionless onboarding, automated rewards and trading for $IBNAi AUSTIN, Texas, Oct. 12, 2026 (GLOBE NEWSWIRE) -- InvestorBrandNetwork AI (IBNAi), a leader in AI-powered financial communications and capital markets solutions, today announced the successful launch of the IBNAi Wallet, with more than 64,000 new IBNAi Wallets created in the first five days following launch. This incredible milestone represents an average of more than 12,000 new wall

Prosecutors echo Marcos on Chinese funds to Duterte-linked firm

MANILA, Philippines — The House prosecution team on Monday echoed the concern aired by President Ferdinand Marcos Jr. in connection with the more than P319 million Chinese remittances to a private firm linked to Vice President Sara Duterte and her husband Atty. Manases Carpio. The Anti-Money Laundering Council previously testified before the Senate Impeachment Court that that Cale88 Foods Corporation, said to be owned by Carpio, received P319.326 million in inward remittances from mainland

State of TRON Q3 2026 Report Highlights $2.21 Trillion in Stablecoin Settlement Amid Network Activity Growth

GENEVA, Oct. 12, 2026 (GLOBE NEWSWIRE) -- TRON DAO, the community-governed DAO dedicated to accelerating the decentralization of the internet through blockchain technology and decentralized applications (dApps), today highlighted key findings from its State of TRON Q3 2026 ecosystem report. The report examines network activity, stablecoin settlement, liquidity, tokenomics, developer activity, decentralization, and protocol governance during the third quarter of 2026. TRON surpassed $30 trillion

LeMaitre Will Announce Third Quarter 2026 Earnings Results on November 4, 2026

BURLINGTON, Mass., Oct. 12, 2026 (GLOBE NEWSWIRE) -- LeMaitre Vascular, Inc. (Nasdaq:LMAT) announced today that it will release its third quarter 2026 financial results on Wednesday, November 4, 2026, after the market close. The company has scheduled a conference call for 5:00 PM EST the same day to discuss the results, business highlights, and company outlook. Access to the live call is available by registering online here. All registrants will receive dial-in information and a PIN allowing the

Disclosure of treasury shares transactions carried out from October 5 to October 9, 2026

Disclosure of treasury shares transactions carried out from October 5 to October 9, 2026 Attachment BUREAU VERITAS - Reporting agrégé du 5 octobre au 9 octobre 2026 (vENG)

IMF holds 2027 global growth forecast at 3.4% as war, debt risks mount

Trump says Russia, China not helping Iran

RBA minutes signal further rate hikes as inflation risks intensify

A way forward for micro taxpayers

For many small business owners, keeping up with tax compliance can be challenging. Beyond the demands of running a business, unresolved tax obligations may accumulate over time, with penalties and other charges making it increasingly difficult for taxpayers to put their records in order.

ASEAN integration on food security pushed

The Philippines is pushing for deeper integration with its Southeast Asian neighbors to strengthen food security and expand market linkages.

Asian port congestion seen lasting until 2027

Congestion at major Asian container ports could take months to ease, with weather disruptions and operational bottlenecks tying up ships, squeezing capacity and driving freight rates higher.

Bargain hunting props up stocks

The local stock market kicked off the week on a positive note as investors continued to take advantage of relatively cheaper valuations.

Beyond protection: How insurance powers economic growth

For many Filipinos, insurance is seen primarily as protection for difficult moments: an illness, an accident, the loss of a breadwinner or damage caused by a natural disaster.

BMI hikes bank lending growth forecast for Philippines

BMI, a unit of Fitch Solutions, has raised its forecast for bank lending growth in the Philippines this year but warned that higher borrowing costs and sluggish economic activity could slow credit expansion through 2027.

Cebu gears up for tourist influx

The province of Cebu is reaping gains from its intensified tourism promotions and stronger international connectivity as tourist arrivals grew double digits in eight months this year.

DMCI Homes nears completion of Batangas beachfront project

DMCI Homes of the Consunji Group has reached a major construction milestone for its 7.5-hectare Solmera Coast beachfront estate in Batangas, with the company completing the structural framework of all five buildings in the project’s resort component.

GCash parent cashes in on oversubscribed IPO

The maiden offering of Mynt Inc., the parent company of e-wallet giant GCash, has recorded strong demand across brokerage firms as the offer period for what would be the country’s biggest initial public offering officially ended yesterday.