Philippines Business News

Stock indices as of July 2, 2026

Logile Partners with ReThink Productivity to Help UK Retailers Move from Productivity Ambition to Operational Reality

Partnership unites ReThink’s productivity diagnostics and Logile’s Connected Workforce platform to help UK retailers improve workforce management, labour planning and store execution DALLAS, July 02, 2026 (GLOBE NEWSWIRE) -- Logile, Inc., a global leader in AI-powered Connected Workforce solutions, and ReThink Productivity, a UK-based productivity and operating model consultancy, today announced a new partnership to help UK and EMEA retailers quantify productivity opportunity and operationalise

Prospect Markets to Present at the Global Technology Virtual Investor Conference July 9th

Company invites individual and institutional investors, as well as advisors and analysts, to attend online at VirtualInvestorConferences.com VANCOUVER, British Columbia, July 02, 2026 (GLOBE NEWSWIRE) -- Prospect Prediction Markets Inc. (TSXV: MKT | OTCQB: MKTSF | FSE: DEP) ("Prospect Markets" or the "Company") is pleased to announce that Johnny Chen, Founder and Chief Executive Officer, will present live at the Global Technology Virtual Investor Conference hosted by VirtualInvestorConferences.c

Sanoma acquires Fluentbe, a Polish AI-powered tutoring platform for language learning

Sanoma Corporation, Press Release, 2 July 2026 at 10:00 a.m. EET Sanoma acquires Fluentbe, a Polish AI-powered tutoring platform for language learning Sanoma has acquired Fluentbe, a Polish online tutoring platform for language learning, from its founders and other shareholders. Fluentbe offers AI-powered, personalised language learning for both individuals and enterprises, combining its own teaching methodology, proprietary content and technology with expert educators. Founded in 2015, the comp

Symbotic Announces Acquisition of ARMS Innovations, Advancing a New Era of Warehouse Operations Optimization

Transaction expands Symbotic’s solution from automation execution to full-scale, AI-powered operational intelligence across the entire warehouse ecosystem Unifies automated systems and human workflows to enable seamless operations in highly complex environments with reduced downtime and improved performance WILMINGTON, Mass., July 02, 2026 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced the acquisition of ARMS In

LBank Unveils Q2 2026 Report, Featuring 25 Million Users and Advances in Prediction Markets and Cultural IP

SINGAPORE, July 02, 2026 (GLOBE NEWSWIRE) -- LBank, a leading global cryptocurrency trading platform and digital asset exchange, today released its Q2 2026 Report, highlighting three major milestones achieved during the quarter: surpassing 25 million registered users worldwide, the launch of LBank Predict to pioneer event-driven prediction markets, and continued expansion of its global cultural IP strategy. During Q2, LBank further strengthened its brand through collaborations with globally reco

EJ Obiena snares another gold

MANILA, Philippines — Filipino Olympian EJ Obiena snatched his second gold medal in the ongoing 2026 pole vault outdoor season. Obiena ruled the Raiffeisen Austria Open in Eisenstadt, Austria, on Thursday (Manila time), posting his season best outdoor performance by clearing 5.75 meters in the tournament. He also posted a new meet record, eclipsing the 5.74-meter mark of Austin Miller of the United States in 2024. “5.75m here at Eisenstadt, for the win and new stadium record. After m

Invitation to media and analyst briefing for Ericsson Q2 2026 report

Report to be released at approximately 7:00 AM CEST on July 14, 2026One live video webcast for analysts, investors and journalists at 9:00 AM CESTSTOCKHOLM, July 2, 2026 /PRNewswire/ -- Ericsson's (NASDAQ: ERIC) financial report for the second quarter 2026 will be published at approximately 7:00 AM CEST on July 14, 2026. The company will issue a press release with the complete financial report attached, including tables, in PDF format. Following publication of the press release, the financial re

SKF and Leaderdrive form a venture for precision components in humanoids

GOTHENBURG, Sweden, July 2, 2026 /PRNewswire/ -- SKF and Leaderdrive (LD), a global manufacturer specializing in precision robotic components, have signed an agreement to establish a venture in China focused on high-precision transmission components for robot joints. Through this investment, SKF takes an important step in the robotics industry, with a particular focus on the application of humanoids powered by Embodied AI technology in industrial settings. SKF will hold a 60% majority stake in t

Dymax Opens New Distribution and Technical Center in Querétaro, Strengthening Regional Support Across Mexico and Latin America

QUERÉTARO, Mexico, July 2, 2026 /PRNewswire/ -- Dymax, a global manufacturer of light-curing materials and equipment, celebrated the opening of its new distribution and technical facility in Querétaro, expanding its ability to support customers across Mexico and Latin America. Ribbon Cutting Ceremony Celebrating the Opening of the Dymax Sales and Distribution Center in Querétaro, Mexico Located in Parque Terra Park Centenario in El Marqués, the facility provides faster response times, local inve

Some EU nations now see Hormuz transit fees as unavoidable: report

Why exactly did BPI make transfers free?

BPI’s gamble is clear: lose the fee, win the customer. Now other banks have some soul-searching to do.

Fed’s Daly says policy slightly restrictive, next rate move unclear

Tropical Depression Henry exits PAR; potential super typhoon may enter next week — PAGASA

Tropical Depression Henry, which brought heavy rainfall and gale-force winds to several areas, has exited the Philippine Area of Responsibility (PAR), according to the state weather bureau on Thursday. It also said a potential super typhoon may enter the PAR next week. Henry exited the PAR around 8 p.m. on Wednesday and is no longer […]

[Good Business] Why every entrepreneur needs a community

An organization's greatest value isn't simply the experience or success of its members. It's what they build together.

More jobs seen after Philippines’ upgrade to middle-income status

Executive Secretary Ralph Recto welcomed the Philippines' official graduation to upper middle-income country (UMIC) status.

Heritage gives Filipino fashion accessories deeper value — FAMPh president

Filipino fashion accessories become more meaningful when they incorporate the country’s culture and heritage, Agsam Fashion Fern founder and Fashion Accessories Makers of the Philippines (FAMPh) President Gina Nebrida Ty said, urging greater support for local materials, artisans, and traditional craftsmanship. “You know that there’s Philippine heritage, but when I started getting immersed with NCCA, […]

SMDC makes homeownership more rewarding from day one

A new partnership with SMAC gives homebuyers added value beyond their investment.

From seedlings to savings: ACEN empowers Ilocos Norte farmers through financial literacy and digital banking

ACEN, through its wind energy projects in Ilocos Norte — the 81 MW North Luzon Renewables, 160 MW Pagudpud Wind, and 70 MW Capa Wind — has partnered with a leading community bank to equip farmers and seedling producers with financial management skills and access to relevant banking services. The initiative brought together farmers and […]

U.S. employment report looms large; Asia chip stocks dip - what’s moving markets

Germany unveils sweeping reform package; Deutsche sees growth pickup

Philippines now an upper-middle income country, World Bank says

By Justine Irish D. Tabile, Senior Reporter The Philippines is now classified as an upper-middle income country (UMIC) by the World Bank, reflecting the economy’s broad-based expansion. The World Bank’s latest country income classification showed the Philippines posted a record gross national income (GNI) per capita of $4,850. This was higher than the GNI per […]

Kayne Anderson Energy Infrastructure Fund Provides Unaudited Balance Sheet Information and Announces Its Net Asset Value and Asset Coverage Ratios as of June 30, 2026

HOUSTON, July 01, 2026 (GLOBE NEWSWIRE) -- Kayne Anderson Energy Infrastructure Fund, Inc. (the "Company”) (NYSE: KYN) today provided a summary unaudited statement of assets and liabilities and announced its net asset value and asset coverage ratios under the Investment Company Act of 1940 (the "1940 Act”) as of June 30, 2026. As of June 30, 2026, the Company’s net assets were $2.7 billion, and its net asset value per share was $16.02. As of June 30, 2026, the Company’s asset coverage ratio unde

Viking Acquisition Corp. II Announces Pricing of $200,000,000 Initial Public Offering

NEW YORK, July 01, 2026 (GLOBE NEWSWIRE) -- Viking Acquisition Corp. II (NYSE: VII U) (the "Company"), a Cayman Islands exempted company, announced today that it priced its initial public offering of 20,000,000 units at $10.00 per unit. The units are expected to be listed on the New York Stock Exchange ("NYSE") and trade under the ticker symbol "VII U" beginning on July 2, 2026. Each unit consists of one (1) Class A ordinary share and one-third (1/3) of one redeemable warrant, with each whole wa