Philippines Business News

BJ’s Wholesale Club Partners with North Texas Food Bank to Expand Food Access and Strengthen Hunger Relief Efforts Across North Texas

BJ’s investment will help provide more than 345,000 meals and strengthen the hunger relief network across North Texas. BJ’s Wholesale Club Partners with North Texas Food Bank to Expand Food Access and Strengthen Hunger Relief Efforts Across North Texas BJ’s investment will help provide more than 345,000 meals and strengthen the hunger relief network across North Texas. BJ's Wholesale Club Supports Grand Prairie United Charities BJ’s Wholesale Club invests in Grand Prairie United Charities with f

Orrön Energy announces strategic transaction to create a leading Nordic IPP

Orrön Energy AB ("Orrön Energy” or "the Company”) is pleased to announce that it has entered into an agreement with Cloudberry Clean Energy ASA ("Cloudberry”) to combine the Company’s Nordic renewable energy platform and organisation, excluding the Karskruv windfarm, with Cloudberry (the "Transaction”), creating a leading Nordic independent power producer ("IPP”). As consideration for the Transaction, Orrön Energy will receive 27.01 percent of the shares in the enlarged Cloudberry, becoming its

SCOR acknowledges the arbitration award confirming the validity of the retrocession treaties entered into with Covéa in June 2021

Press release 25 June 2026 - N° 14 SCOR acknowledges the arbitration award confirming the validity of the retrocession treaties entered into with Covéa in June 2021 SCOR acknowledges the award issued on June 25, 2026 by the arbitration tribunal in the proceedings initiated in 2022 seeking the enforcement of the retrocession treaties entered into with Covéa in June 2021. These treaties provide for the transfer to Covéa of 30% of the Life & Health portfolio held by SCOR’s Irish entities as at Dece

Lifestyle Expert Marisa Brahney Shares Easy Ways to Celebrate America’s 250th Birthday on YourUpdateTV

America’s 250th Birthday Is the Ultimate Summer Party:Simple Ways to Bring Friends, Family and Neighbors Together This SummerAmerica’s 250th Birthday Is the Ultimate Summer Party: Simple Ways to Bring Friends, Family and Neighbors Together This Summer NEW YORK, June 25, 2026 (GLOBE NEWSWIRE) -- As America prepares to celebrate its 250th birthday, this summer is shaping up to be one for the history books. Television host and lifestyle expert Marisa Brahney recently partnered with D S Simon Media

Pricing of CNH Industrial Capital Canada Ltd. Cdn$450 million notes

Pricing of CNH Industrial Capital Canada Ltd. Cdn$450 million notes Basildon, June 25, 2026 CNH Industrial N.V. (NYSE: CNH) today announced that its indirect wholly owned subsidiary, CNH Industrial Capital Canada Ltd., has priced Cdn$450 million in aggregate principal amount of 3.80% notes due January 22, 2030, with an issue price of 99.872%. The notes are being offered on a private placement basis to certain accredited investors in each of the provinces of Canada, which offering is expected to

Robinhood Closes Offering of $2.2 Billion of 0.00% Convertible Senior Notes Due 2029

Transaction raised $2.2 billion, enhancing strategic flexibility to invest for future growth Approximately $290 million of proceeds used to repurchase outstanding Class A common stock $123.2 million of proceeds used to acquire capped calls intended to offset any share dilution elevating conversion price to $174.42 per share With the capped calls, Robinhood anticipates no net dilution from the transaction until its share price exceeds approximately $237.85 or an approximately 154% increase from t

OMS Energy Technologies Inc. Announces Fiscal Year 2026 Financial Results

Generated Record Operating Cash Flow of $54.1 Million; Maintained Profitability Debt-Free $154.3 Million Cash Position Supports Continued Geographic Expansion SINGAPORE, June 25, 2026 (GLOBE NEWSWIRE) -- OMS Energy Technologies Inc. ("OMS” or the "Company”) (NASDAQ: OMSE), a growth-oriented manufacturer of surface wellhead systems ("SWS”) and oil country tubular goods ("OCTG”) for the oil and gas industry, today announced its financial results for the fiscal year ended March 31, 2026. The Compan

Osaka cruises as Djokovic resumes Olympic gold quest

TOKYO — Japanese star Naomi Osaka raced into the third round of the Tokyo Olympics tennis tournament on Monday as world number one Novak Djokovic continued his pursuit of a Golden Grand Slam. Four-time Grand Slam champion Osaka powered past Switzerland's 49th-ranked Viktorija Golubic 6-3, 6-2 in just over an hour, playing her second match in as many days after lighting the Olympic cauldron on Friday. "Honestly, I feel like I was a bit more nervous before the match," said Osaka. "I felt a l

Today's Weather, 5 A.M. | Jun. 26, 2026

BSP relief targets potential financial stability risks

THE BANGKO SENTRAL ng Pilipinas’ (BSP) move to roll out prudential relief measures for banks amid the fallout from the Middle East conflict shows that it recognizes potential financial stability risks, but supervisory vigilance is needed to prevent possible moral hazards, GlobalSource Partners said. Central banks are moving to preserve macroeconomic and financial stability in […]

Philippine banks face rising loan loss risks, lower profits from war fallout

PHILIPPINE BANKS could face increased asset quality risks and lower profitability in the near term due to economic headwinds brought by the Middle East war, Fitch Ratings said. The debt watcher said in a report that the impact of the conflict could affect banks’ operating environment and hit specific loan segments that may push up […]

Peso strengthens as oil prices fall

THE PESO bounced back sharply against the dollar on Thursday as news of progress in the ongoing peace talks between the United States and Iran and increased traffic flow in the Strait of Hormuz led to lower global crude oil prices. The currency gained by 26.2 centavos to close at P61.29 versus the greenback from […]

Banks’ trust assets hit fresh high at end-March

THE Philippine banking system’s trust assets climbed to a new record high of nearly P6.6 trillion as of March, data from the Bangko Sentral ng Pilipinas (BSP) showed. Banks’ trust units held P6.586 trillion in assets at end-March, 15.63% higher than the previous record of P5.696 trillion as of December, according to central bank data […]

BPI to shut down Robinsons Bank channels by July 1

BANK of the Philippine Islands (BPI) will close Robinsons Bank Corp.’s digital platforms and communication channels by July 1 as it integrates the latter’s operations into its system following their merger. Starting next month, Robinsons Bank’s online banking, digital app, contact center including hotline and mailbox, website and social media pages will no longer be […]

Storytelling and the business model canvas

“The power of storytelling” was the topic of Karen Davila at the Filipina CEO Circle’s (FCC) graduation for “CEO Next,” co-chaired by Accenture’s Ambe Tierro and Asticom’s Mharicar Castillo. “CEO Next” is FCC’s flagship program designed to empower and train high performing senior women executives into CEO roles. Ms. Karen said that while your past […]

Agri devolution is a failure

One of the big disappointments of the Local Government Code is the failure of LGUs to pick up the responsibility for agricultural technical support for farmers. This failure has severely crippled Philippine agricultural productivity over the last 30 years and a big reason why we have food insecurity.

AMLC flags tax crimes as money laundering threat

Tax crimes have been flagged as one of the Philippines’ highest money laundering threats, with authorities warning that proceeds from tax evasion may be coursed through banks, shell companies, real estate and other formal channels.

Budget gap widens to P198.5 billion in May

The government swung back to a budget deficit in May as revenues declined amid the early remittance of dividends by state-owned agencies, while spending increased, the Bureau of the Treasury said.

Fitch: Philippine banks face higher bad loan risks

Philippine banks may see higher bad loans and weaker earnings in the near term as slower economic growth, high energy prices and rapid growth in unsecured consumer lending raise asset quality risks, Fitch Ratings said. In a report, Fitch said underlying credit risks are likely to persist, with the sharp rise in unsecured consumer loans leaving banks more vulnerable to slower income growth and high inflation.

GSIS backs Blancaflor appointment as board chair

The Government Service Insurance System is counting on newly appointed board chair Ricardo Blancaflor’s legal and policy expertise to help steer its programs and broaden services for members and retirees.

Industry groups push for new steel standards

Industry groups are urging the Department of Trade and Industry to immediately implement new steel standards and ban the use of induction furnace (IF) to promote infrastructure and building safety, as the country is prone to earthquakes.

Meralco’s MSpectrum enters solar venture with Japanese firms

MSpectrum Inc., a subsidiary of Manila Electric Co., has formed a joint venture with two Tokyo-based firms to accelerate the solar adoption of Japanese businesses in the Philippines.

Mineral assets rise to P588 billion in 2025

The value of the country’s key mineral reserves rose to over P580 billion last year on the back of higher Class A gold reserves, according to the Philippine Statistics Authority.

Phl, Sweden ties remain strong

Next year, the Philippines and Sweden will celebrate 80 years of economic ties after the two countries established diplomatic relations in 1947.