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Philippines Business News

Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.

4077 articles from Manila Times Business

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Manila Times Business

Prime Minister of Australia Marks 500,000 Home Battery Milestone, Continuing Support for Local Solar Business

SYDNEY, Aug. 15, 2026 /PRNewswire/ -- Yesterday, the Smart Energy Council and RKS Energy Solutions, an authorised retailer for Fox ESS, hosted a press conference in a local warehouse in Castle Hill. Government leaders joined the celebrations, marking Australia's milestone of 500,000 home battery installations and reinforcing the impact of the Cheaper Home Batteries Program (the program) on household adoption of residential energy storage. Fox ESS's brand ambassador, Ian Thorpe, also witnessed th

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Manila Times Business

Miss Universe reaffirms Thai exec’s role amid ownership claims

MANILA, Philippines — The Miss Universe Organization (MUO) has confirmed Nawat Itsaragrisil as chief executive officer of Miss Universe Eastern and warned its partners and stakeholders against unauthorized websites and notices disputing the Thai executive’s role in the organization. In an advisory issued Saturday, MUO said recent notices and claims published on external digital platforms, including websites impersonating the organization, prompted it to clarify its executive leadersh

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Manila Times Business

The digital backbone that helped design the Metro Manila Subway

The Metro Manila Subway is being built underground and across 37 kilometers of Metro Manila, but much of the coordination behind the project is happening on computer screens. The 17-station railway involves thousands of engineering drawings, three-dimensional models, construction schedules, specifications and project records. As designs change and construction moves forward, those documents have to remain consistent across the many companies and engineering disciplines involved in the project. F

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Manila Times Business

Prosecution evidence enough to convict Duterte, says lawmaker

MANILA, Philippines — There is enough evidence to convict Vice President Sara Duterte, a lawmaker at the House of Representatives said on Saturday. Manila 6th District Rep. Bienvenido Abante Jr. said the vice president was "guilty already" and that "what the prosecution team has actually said was enough," said Abante at a News Forum in Quezon City. Abante said Duterte’s alleged threats against President Ferdinand Marcos Jr., first lady Liza Araneta-Marcos and former Speaker Martin Ro

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Manila Times Business

MakatiMed introduces first digital pathology scanner in PH, Southeast Asia

MARKING a significant step in digital pathology and cancer diagnostics, Makati Medical Center (MMC) launched the first digital pathology scanner in the Philippines and Southeast Asia. Inaugurated last Wednesday, the Aperio GT 180DX scanner marks a milestone in pathology by enabling the digitization of tissue samples for more efficient diagnosis and collaboration in the medical field. “ Cancer incidences are rising around the world, including in the Philippines. And unfortunately, the numbe

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Manila Times Business

Malacanang: 2 DOH officials resign over conflict of interest, violation of procurement laws

MANILA, Philippines—Malacanang on Saturday confirmed the resignation of two Department of Health (DOH) officials after facing complaints before the Office of the Ombudsman. In a Viber message, Presidential Communications Office Undersecretary Claire Castro confirmed that lawyer Randy Escolango, DOH undersecretary for Financial and Supply Chain Management Services and Dr. Glenn Mathew Baggao, undersecretary for Universal Health Care – Health Services Cluster (UHC-HSC) Lead for Luzon,

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Manila Times Business

Dizon inspects highway rehab, flood control project in 2 Bulacan areas

MANILA, Philippines — Public Works and Highways Secretary Vince Dizon wasted no time as he made several inspections on projects amid the rainy season, the latest of which was the ongoing rehabilitation and upgrading of the pothole-ridden Doña Remedios Trinidad (DRT) Highway in Baliwag City, Bulacan. Dizon conducted the inspection with Mayor Sonia Estrella to check the progress of the project, which was carried out in response to complaints about potholes along the highway, and ensur

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Manila Times Business

Ejercito ensures transparency in P7.2T budget deliberations

CEBU CITY — Amid the ongoing impeachment trial of Vice President Sara Duterte and the controversy surrounding flood-control projects, Sen. Joseph Victor Ejercito said the Senate will keep deliberations on the proposed P7.2-trillion national budget for 2027 open and transparent. Ejercito, the new chairman of the Senate Committee on Finance, said the budget process would add to the workload of senators, who attend the impeachment trial in the morning and plenary sessions in the afternoon. &l

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Manila Times Business

China’s arrest of Filipinos seen as a warning to Manila

MANILA, Philippines — China’s high-profile arrest of allegedly more than 100 undocumented Filipino workers could be a warning to Manila that Beijing was prepared to respond to actions against Chinese citizens in the Philippines, according to a Manila-based policy institute. In an interview, Asia-Pacific China Studies Institute (ACPSSI) president Herman Tiu Laurel said the arrests themselves were consistent with Chinese immigration and labor laws, but argued that the decision by Chine

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Manila Times Business

Norwegian proponent's walkout halts Iloilo AI data center plans

ILOILO CITY — What was supposed to be a public consultation on a proposed 50-megawatt (MW) AI data center in Oton, Iloilo, ended in uncertainty after its Norwegian proponent abruptly walked out and declared that there was no reason to continue the discussion amid mounting opposition from the residents. Daniel Stefan Robertsen, who presented the project under Norway Green Energy, was pitching the development of a 10-hectare hyperscale AI data center campus in Barangay Abilay Sur, Oton, duri

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Manila Times Business

Lady Chiefs make strong statement, sweep Lady Knights

MANILA, Philippines — Arellano University drew first blood with a statement sweep of reigning NCAA champions Colegio de San Juan de Letran, 25–20, 25–22, 25–15, on opening day of the 2026 V-League Collegiate Challenge on Saturday at Gameville Central Park in Mandaluyong City. A strong start in the third set turned into a decisive blow for the Lady Chiefs, who maintained their clinical run to the finish behind wing spikers Cassey Florida and Heart Villaflores. Florida, how

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Manila Times Business

Earth Is Running Out of Power for AI. One Tech Expert Explains Why Musk's Answer Is to Put Data Centers in Space.

As AI strains the power grid, this Tech Expert breaks down Musk's audacious orbital plan, the reasoning behind it, and why it could reshape the future of AI computing. Baltimore, MD, Aug. 14, 2026 (GLOBE NEWSWIRE) -- Artificial intelligence has run into a very physical limit: there may not be enough electricity on Earth to feed it. James Altucher explains why that shortage is behind one of Elon Musk's most audacious ideas, launching data centers into orbit. Why Earth Is Running Out of Power for

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Manila Times Business

Luzon, Western Visayas will have scattered rain showers, thunderstorms

The southwest monsoon (habagat) is still affecting Luzon and the Visayas, bringing scattered rain showers or thunderstorms, the state weather bureau Pagasa said early Saturday morning. In its 4 a.m. weather advisory, Pagasa said that Metro Manila, the Ilocos Region, the Cordillera Administrative Region, Cagayan Valley, Central Luzon, Calabarzon (Cavite, Laguna, Batangas, Rizal, and Quezon), Occidental Mindoro, and Oriental Mindoro would have cloudy skies with scattered rain showers and thunderst

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Manila Times Business

Partners Value Investments L.P. Announces Q2 2026 Interim Results

TORONTO, Aug. 14, 2026 (GLOBE NEWSWIRE) -- Partners Value Investments L.P. (the "Partnership”, TSXV:PVF.UN, PVF.PR.U) announced today its financial results for the three and six months ended June 30, 2026. All amounts are stated in United States dollars ("US dollars"). The Partnership recorded net income of $15 million for the three months ended June 30, 2026, compared to a net loss of $6 million in the prior year period. The increase in income was primarily driven by foreign currency translatio

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Manila Times Business

Partners Value Investments Inc. Announces Q2 2026 Interim Results

TORONTO, Aug. 14, 2026 (GLOBE NEWSWIRE) -- Partners Value Investments Inc. (the "Company”, TSXV: PVF.PR.V, PVF.A) announced today its financial results for the three and six months ended June 30, 2026. All amounts are stated in United States dollars ("US dollars"). The Company recorded a net loss of $145 million for the three months ended June 30, 2026, compared to a net loss of $135 million in the prior year period. The increase in net loss was primarily due to higher remeasurement losses assoc

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Manila Times Business

New Earth Resources Announces Adoption of Quarterly Reporting Exemption under Coordinated Blanket Order 51-933

August 14, 2026 | Source: New Earth Resources Corp. Vancouver, British Columbia, Aug. 14, 2026 (GLOBE NEWSWIRE) -- NEW EARTH RESOURCES CORP. (CSE: EATH) ("New Earth" or the "Company") is pleased to announce that it has elected to rely on Coordinated Blanket Order 51-933 Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers and move to semi-annual financial reporting ("SAR"). Coordinated Blanket Order 51-933 allows eligible venture issuers listed on the Canadian Securities Exchan

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Manila Times Business

Partners Value Split Corp. Announces 2026 Semi-Annual Results

TORONTO, Aug. 14, 2026 (GLOBE NEWSWIRE) -- Partners Value Split Corp. (the "Company”, TSX: PVS.PR.H, PVS.PR.J, PVS.PR.K, PVS.PR.L, PVS.PR.M, PVS.PR.U, PVS.PR.V) announced today its financial results for the six months ended June 30, 2026. All amounts are in United States dollars ("US dollars"). Income available for distribution for the six-month period ended June 30, 2026, was $50 million compared to $48 million in the prior year period. The increase in income was primarily due to the increase i

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Manila Times Business

Citizens Commission on Human Rights International Releases White Paper on Antidepressants and Psychiatric Drug Reform

Federal deprescribing push and Florida’s new guidance underscore CCHR’s decades-long call to prevent misdiagnosis, harmful drugs, and needless suffering. Los Angeles, CA, Aug. 14, 2026 (GLOBE NEWSWIRE) -- Citizens Commission on Human Rights International, an international mental health industry watchdog, has released a white paper titled "Antidepressants: A Public Health Catastrophe - Evidence of Harm, Decades of Cover-Up, and the Urgent Need for Reform.” The paper is available on CCHR Internati

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Manila Times Business

Avicanna Reports Q2 2026 Financial Results

Gross margin improves to 57%, supported by 48% quarterly growth in proprietary product sales QUIX™ rapid-onset portfolio prepared for Q3 launch with more than 35 commercial listings secured TORONTO, Aug. 14, 2026 (GLOBE NEWSWIRE) -- Avicanna Inc. ("Avicanna” or the "Company”) (TSX: AVCN) (OTCQX: AVCNF) (FSE: 0NN), a biopharmaceutical company focused on the development, manufacturing and commercialization of plant-derived cannabinoid-based products, is pleased to announce its financial results fo

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Manila Times Business

Mark-Dana Corporation Opens Lost Oaks, New Affordable Housing Community in North Central Houston

Lost Oaks delivers 78 affordable, energy-efficient homes as area rents climb faster than the rest of Houston metro Lost Oaks, 810 Oak St, Houston, Texas 77018, Courtesy Mark-Dana Corporation HOUSTON, Aug. 14, 2026 (GLOBE NEWSWIRE) -- Mark-Dana Corporation today announced the opening of Lost Oaks, a new $25.9 million affordable multifamily housing community in north central Houston. Now 60 percent leased, the property offers 78 modern apartment homes for working individuals and families. The proj

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Manila Times Business

DOTr, DOT join forces to boost tourism, aim for lower airfares with upgraded runways

MANILA, Philippines — Transportation Secretary Giovanni Lopez on Friday revealed that he met with Tourism Secretary Dita Angara-Mathay and discussed key infrastructure projects aimed at strengthening the country's tourism sector and encouraging both local and international travelers to explore the Philippines' premier destinations. The meeting, Lopez said, was held in line with President Ferdinand Marcos Jr.'s directive for the transportation department to enhance inter-agency collaboratio

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Manila Times Business

Notice of Settlement of Shareholder Derivative Actions

ST. LOUIS, Aug. 14, 2026 (GLOBE NEWSWIRE) -- Latch, Inc., (DOOR) today released the following pursuant to an Order of the U.S. District Court for the Southern District of New York. UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK IN RE LATCH INC. DERIVATIVE LITIGATIONLead Case No. 1:23-cv-01273-JGK EXHIBIT D SUMMARY NOTICE OF PENDENCY AND PROPOSED SETTLEMENT OF STOCKHOLDER DERIVATIVE ACTION TO: ALL RECORD HOLDERS AND BENEFICIAL OWNERS OF LATCH, INC. ("LATCH” OR THE "COMPANY”) COMMON ST

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Manila Times Business

Sioux Honey, Giant Eagle Donate Nearly 5,000 Pounds of Honey to Help Pittsburgh Families Facing Food Insecurity

National Honeybee Day donation will provide 9,720 bottles of SUE BEE® Clover Honey to 412 Food Rescue for distribution across the Pittsburgh region Giant Eagle Giant Eagle Partners with Sioux Honey and 412 Food Rescue 412 Food Rescue 412 Food Rescue Partners with Sioux Honey and Giant Eagle Pittsburgh, PA, Aug. 14, 2026 (GLOBE NEWSWIRE) -- Sioux Honey Co-op, the only beekeeper-owned honey cooperative in the United States and the maker of SUE BEE® and AUNT SUE’S®, partnered with Giant Eagle to do

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Manila Times Business

ScottsMiracle-Gro Brings America250’s "Our American Story” to ScottsMiracle-Gro Field

NOTE: This release corrects earlier language that indicated the storytelling initiative will be the largest collection of oral and visual histories. It will be the largest collection of oral and visual histories related to the Semiquincentennial. COLUMBUS, Ohio, Aug. 14, 2026 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG), the leading marketer of branded consumer lawn and garden products in North America, is partnering with America250 to bring the Our American Story Airstream mob

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