Philippines Business News

Pagcor imposes P1-M fine on gambling firm linked to Ivana Alawi iPhone giveaway

Pagcor chairman Alejandro Tengco says, 'We fined the online gaming company P1 million and, together with that, gave them a stern warning na hindi na dapat maulit ito'

P1-billion boost for Project NOAH targets early flood warnings

Of the amount, P935 million will support research services, while P65 million will fund general management and supervision.

This maritime leader is the first woman to receive the RVR Nation Building award

Doris Magsaysay Ho, the CEO and president of the Magsaysay Group of Companies, receives the award for her 'people first' style of leadership

Bessent announces campaign to cut Iran from global economy

Jobstreet by SEEK reveals 80% of Filipinos feel fairly paid, but only 59% are happy with their salary

Despite ongoing cost-of-living challenges and inflationary pressures, the Philippines emerges as one of the regional leaders in salary optimism.

Fuel prices to rise again in last week of August

Motorists face another round of fuel price increases starting Tuesday, August 25.

US plans 7.5% China overcapacity tariff before Sept. 24 Xi-Trump summit

Jetex Announces Opening in Sofia

Jetex Sofia is anticipated to welcome its first guests in Q4 2026. Jetex Announces Opening in Sofia Jetex Sofia is anticipated to welcome its first guests in Q4 2026. Dubai, Aug. 24, 2026 (GLOBE NEWSWIRE) -- Jetex, the world's leading luxury lifestyle brand, and SOF Connect have signed an agreement to develop and operate a VIP lounge at Vasil Levski Sofia Airport, the main international airport of Bulgaria and the sixth-largest international airport in Central and Eastern Europe. The airport pla

Share buybacks in Ericsson during the period August 17 - August 21, 2026

STOCKHOLM, Aug. 24, 2026 /PRNewswire/ -- During the period August 17 - August 21, 2026, Telefonaktiebolaget LM Ericsson (publ) ("Ericsson") (LEI code 549300W9JLPW15XIFM52) repurchased own Class B shares (ISIN: SE0000108656) as follows: Date Aggregated daily volume (number of shares)Weighted average share price per day (SEK)Total daily transaction value (SEK)17/08/2026500,00097.332348,666,150.0018/08/2026500,00096.827848,413,900.0019/08/2026999,36096.703696,641,709.7020/08/2026750,00096.145872,10

Raffy Tulfo to Acosta: 'You are stupid in the name of blind loyalty'

MANILA, Philippines — Senator-judge Raffy Tulfo on Monday called Gina Acosta, former special disbursing officer of the Office of the Vice President (OVP), "stupid in the name of blind loyalty" as he questioned her reliance on the documents and explanations provided by former OVP security officer Col. Raymund Lachica despite seeing the same signature on receipts bearing different names. During his interjection at the impeachment trial of Vice President Sara Duterte, Tulfo pointed out that s

Sue Ramirez bids farewell to late mother

MANILA, Philippines — Sue Ramirez shared an emotional farewell to her mother Chit Dodd, describing the loss as a pain that will never leave her heart. The actress took to Instagram to express her grief and reflect on the life and love she shared with her mother. “Kung may mas mahaba pa sa habang buhay ganun kita katagal mamahalin, Mi. Ito ang sakit na hindi mawawala sa puso ko kailan man. Hindi ko alam kung anong gagawin, Mi. Hindi namin alam kung paano mabuhay sa mundo ng wala ka (I

Cwallet Launches Integrated Social Ecosystem to Eliminate Web3's Cross-Platform Security Gap

By embedding native group chats and private 1-on-1 VIP channels directly into the wallet, Cwallet aims to reduce the security risks and friction of third-party messaging apps. BRATISLAVA, Slovakia, Aug. 24, 2026 (GLOBE NEWSWIRE) -- In Web3, the most dangerous part of a trade may happen before you ever sign it. An opportunity appears on X (previous Twitter). You move to Telegram to gauge market sentiment, switch to Discord to verify the contract, and finally open your wallet to execute the transa

Correction: Notice of the public offering of Hepsor AS bonds

The indicative schedule of the Offering set out in the notice of the public offering of Hepsor AS bonds published on 24 August 2026 incorrectly stated that the subscription period for the bonds would commence on 24 August 2026 at 10:00. The actual subscription period will commence on 25 August 2026 at 10:00. The corrected notice follows: Hepsor AS (registry code 12099216, address Järvevena tee 7b, 10112, Tallinn, Estonia; Hepsor) announces the public offering of the second series of Bonds (Offer

ImmunoForge Selected for the Ministry of SMEs and Startups' 'Global TIPS R&D' Program… "Expansion of the LMT Platform"

Development of Leptin receptor-based technology and hybrid LNP platformCombining Blood-Brain Barrier penetration and a one-month sustained-release formulation in a single structure, with potential applications in CNS-targeted therapeuticsTechnology validated by winning first place in Novo Nordisk's Open Innovation contest… Accelerating global technology transferSEOUL, South Korea, Aug. 24, 2026 /PRNewswire/ -- ImmunoForge (Co-CEOs Sung-Min Ahn and Ki-Ho Chang), a biotech venture specializing in

Eala also needs to lose to rest

There’s a time when losing is actually good for an athlete, maybe except in boxing. The same applies to Alex Eala, who lost to WTA World No. 10 Amanda Anisimova at the Cincinnati Open in three sets. While there were tennis fans who felt a letdown on Eala losing to Anisimova, there were those who felt relieved because Eala badly needed rest for the US Open and the successive WTA rounds in Asia as the year closes. Eala now has a 37-19 win-loss record this year, and that’s a total of 56

Iberia Cards Moves Beyond Point-in-Time Compliance with Synack

Bank of Spain-regulated card issuer combines human-led and agentic AI pentesting to surface business logic risk and meet regulatory traceability requirements REDWOOD CITY, Calif., Aug. 24, 2026 (GLOBE NEWSWIRE) -- Synack, the AI + human penetration testing platform for continuous security validation, today announced that a Bank of Spain-regulated Credit Financial Institution, Iberia Cards, has adopted the Synack Red Team (SRT) alongside Sara AI Pentesting to move beyond annual, fixed-scope compl

Share buyback programme - week 34

Nasdaq Copenhagen Euronext Dublin London Stock Exchange Danish Financial Supervisory Authority Other stakeholders Date 24 August 2026 Share buyback programme - week 34 The share buyback programme runs in the period 10 August 2026 up to and including 9 October 2026, see company announcement of 7 August 2026. During the period the bank will thus buy back its own shares for a total of up to DKK 400 million under the programme, but to a maximum of 500,000 shares. The programme is implemented in comp

Aktietilbagekøb i SJF Bank A/S - transaktioner i uge 34

Selskabsmeddelelse nr. 32/2026 Holbæk, den 24. august 2026 Aktietilbagekøb i SJF Bank A/S - transaktioner i uge 34 SJF Bank A/S offentliggjorde den 18. juni 2026 et tilbagekøbsprogram på 125 mio. kr. Aktietilbagekøbsprogrammet startede den 19. juni 2026 og vil være afsluttet senest den 4. februar 2027. Aktietilbagekøbsprogrammet sker med henblik på nedsættelse af aktiekapitalen i SJF Bank A/S og gennemføres efter bestemmelserne i Europa-Parlamentets og Rådets forordning (EU) nr. 596/2014 af 16.

Sun's Out, Fun's Out: Club Med opens 2027 sales bookings for bold escapes to new destinations and iconic getaways

HO CHI MINH CITY, Vietnam, Aug. 24, 2026 /PRNewswire/ -- Club Med, the pioneer of all-inclusive holidays and the world's largest sports club, will open reservations for its Summer 2027 season on 13 October 2026. Offering early access to the world’s most spectacular sun and mountain destinations, this global sales launch invites travellers to secure their preferred dates and bespoke experiences, taking advantage of booking early for best possible value. From the pristine coastlines of Asia-Pacifi

The hidden productivity drain costing Australian businesses thousands of hours: Omniche Advisory says organisations are overlooking a major productivity opportunity by allowing highly skilled employees to spend too much time on repetitive tasks

SYDNEY, Aug. 24, 2026 /PRNewswire/ -- Omniche Advisory, a technology advisory that partners with executive teams and boards on strategy, AI, data and hands-on delivery, says Australian businesses are sitting on a significant productivity opportunity. Skilled employees are spending too much of their week on admin, reporting, email and data-gathering - what the firm calls "work about work." "The conversation around AI has become too focused on what technology might replace, when the more useful qu

Quadient Digital Delivers Over 20% Q2 Bookings Growth, Driven by AI-Powered Automation and E-Invoicing

Quadient Digital Delivers Over 20% Q2 Bookings Growth, Driven by AI-Powered Automation and E-Invoicing Continued global momentum fueled by enterprise expansion, reinforcing Quadient's leadership in AI-powered business automationAccelerating customer and partner adoption ahead of France’s e-invoicing mandate Paris, 24 August 2026 Quadient (Euronext Paris: QDT), a global automation platform powering secure and sustainable business connections, announced today strong second-quarter performance for

New board members to transform Thames Water announced

LONDON, Aug. 24, 2026 (GLOBE NEWSWIRE) -- Today, the London & Valley Water consortium ("L&VW”) announces the first cohort of proposed Non-Executive Directors ("Board Members”) who would be appointed to the board of directors of Thames Water Utilities Limited ("Thames Water”) if L&VW’s proposed acquisition and recapitalisation of Thames Water proceeds. Subject to L&VW’s proposals and the Performance Improvement and Turnaround Plan (the "Turnaround Plan”) being taken forward, and the completion of

Notice of the public offering of Hepsor AS bonds

Hepsor AS (registry code 12099216, address Järvevena tee 7b, 10112, Tallinn, Estonia; Hepsor) announces the public offering of the second series of Bonds (Offering) under its EUR 20 million bond programme (Programme). Through the Offering, Hepsor will raise up to EUR 3 million with an option to increase the volume to up to EUR 5 million. The Offering will be conducted on the basis of the base prospectus (Prospectus) prepared by Hepsor and approved by the Estonian Financial Supervision Authority

Acosta: No official receipts for medical, food expenses in confidential funds

MANILA, Philippines — Gina Acosta, former special disbursing officer of the Office of the Vice President, on Monday confirmed there were no official receipts for the P75 million in medical and food expenses allegedly used for the agency's confidential activities. During the 17th day of the impeachment trial of Vice President Sara Duterte, Presiding Officer Francis "Chiz" Escudero asked Acosta whether medical and food supplies purchased using confidential funds had official receipts. Acosta