Philippines Business News

Five Star Bancorp to open full-service branch in Lodi to serve Central Valley entrepreneurs and agribusinesses

The move into "America’s Favorite Small Town” strengthens the community bank’s commitment to supporting California’s food, agriculture, and small business economy RANCHO CORDOVA, Calif., June 23, 2026 (GLOBE NEWSWIRE) -- Five Star Bancorp (Nasdaq: FSBC) ("Five Star” or the "Company”), a holding company that operates through its wholly owned banking subsidiary, Five Star Bank, is continuing its California expansion with the opening of its new full-service branch in Lodi. The office is slated to o

US regulators probe fatal Tesla crash into Texas residence

NEW YORK — The top US auto regulator opened an investigation Monday after a Tesla using an automated driving feature slammed into a Texas home at high speed and killed a 76-year-old woman standing inside. The National Highway Traffic Safety Administration said it's opening a special investigation into the Tesla Model 3 crash on Friday near Houston, a significant probe because the car was using technology that Elon Musk considers key to the company's future. The Tesla CEO is rolling out rob

Football: World Cup results — 1st update

Results at the 2026 World Cup on Tuesday: Group K In Houston Portugal 5 (Ronaldo 6, 39, Mendes 17, Nematov 60-og, Leao 87) Uzbekistan 0 Group L Foxborough, Massachusetts England 0 Ghana 0 Playing later (kick-off times GMT) In Toronto (2300) Panama v Croatia Group K In Guadalajara (0200 Wednesday) Colombia v DR Congo

California intends to sue Trump administration over deal to end offshore wind project

California intends to sue the Trump administration over its deal to end an offshore wind project proposed off the state's central coast. State officials said they are combating the administration's attacks on their offshore wind industry by sending a notice of their intention to sue to the Department of the Interior on Tuesday. Tuesday’s action is focused on the administration buying back the lease for Golden State Wind, a floating offshore wind project off California’s central coast

TWL Announces Expanded Online Access to GLP-1 Weight-Loss Care With Insurance and Self-Pay Options

Telehealth program combines licensed medical care, insurance coordination, coaching and multiple prescription pathways for eligible patients New York, NY, June 23, 2026 (GLOBE NEWSWIRE) -- TWL today announced an expanded online weight-management program designed to help eligible patients explore prescription GLP-1 treatment through either insurance-supported brand-name medications or self-pay treatment options. The program combines virtual medical evaluations, prescription management, insurance

Li Auto Inc. Launches the All-New Li L8, a Five-Seat Flagship SUV

BEIJING, June 23, 2026 (GLOBE NEWSWIRE) -- Li Auto Inc. ("Li Auto” or the "Company”) (Nasdaq: LI; HKEX: 2015), a leader in China’s new energy vehicle market, today officially launched the all-new Li L8, with deliveries to commence within this week. The vehicle is available in Ultra and Livis trims, priced at RMB369,800 and RMB429,800, respectively. For more details on the all-new Li L8, please visit Li Auto’s official website. About Li Auto Inc. Li Auto Inc. is a leader in China’s new energy veh

Missouri Scholarship & Loan Foundation Awards $3.15 Million Through Show-Me to College Scholarship Program

ST. LOUIS, June 23, 2026 (GLOBE NEWSWIRE) -- The Missouri Scholarship & Loan Foundation, founded by MOHELA to help make higher education more accessible and affordable for Missouri families, has awarded more than $3.15 million in Show-Me to College Scholarships to more than 1,593 Missouri students for the upcoming 2026-27 academic year. The Show-Me to College Scholarship program is open to Missouri students with demonstrated financial need based on FAFSA completion, a grade-point average of 3.50

Prospect Capital Announces Special Meeting Update

NEW YORK, June 23, 2026 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) ("Prospect”, the "Company", "our”, or "we”) today announced that it held its special meeting of stockholders (the "Special Meeting”) on June 23, 2026. The proposal that was considered at the Special Meeting is described in detail in the Company’s definitive proxy statement for the Special Meeting as filed with the Securities and Exchange Commission on March 11, 2026 (the "Proxy”). As of March 11, 2026, there

1 in 3 Missouri Homes Exceed Safe Radon Levels: Air Sense Urges St. Louis Summer Testing

How to choose a St. Louis radon mitigation contractor: what to check before you sign, from NRPP/NRSB certification and system warranties to post-mitigation testing and transparent pricing.EDWARDSVILLE, Ill., June 23, 2026 (GLOBE NEWSWIRE) -- Air Sense Environmental is urging homeowners across the St. Louis metro to test for radon this summer after the Missouri Department of Health and Senior Services reported that one in three homes in its residential testing program tested above the EPA action

Sky City Acoma Casino Hotel Selects QCI Resorts™, the Unified Intelligence Platform for Resorts

Sky City Acoma becomes an early adopter of a new operating model that replaces fragmented resort technology with a single real-time intelligence system SAN DIEGO, June 23, 2026 (GLOBE NEWSWIRE) -- Quick Custom Intelligence (QCI) today announced that Sky City Acoma Casino Hotel has selected QCI Resorts™, QCI's Unified Intelligence Platform for Resorts. Built on the QCI AGI Platform, QCI Resorts provides a single operational system encompassing hotel management, food and beverage, point-of-sale, m

RBI not considering rate hikes yet, governor tells ET NOW

Trump says DOJ to probe oil companies over high fuel prices

Trump criticizes Senate War Powers vote, says Iran ‘on the ropes’

MSCI keeps South Korea classified as emerging market

T-bond yields go down as risk appetite improves

THE GOVERNMENT made a full award of the dual-tenor Treasury bonds (T-bonds) it auctioned off on Tuesday as strong demand helped bring down yields despite continued uncertainty over the Middle East conflict and hawkish signals from the Bangko Sentral ng Pilipinas (BSP). The Bureau of the Treasury (BTr) raised P45 billion as planned via its […]

BSP digitizes foreign debt data survey

THE BANGKO SENTRAL ng Pilipinas (BSP) has started automating the collection of residents’ external debt records that were previously unregistered for its monitoring and as part of its broader digitalization efforts. In a circular signed by BSP Deputy Governor Zeno Ronald R. Abenoja on June 18, the BSP said all resident borrowers must submit their […]

‘2 in 5 firms unprepared for new European Union duty rules’

Two in five businesses in Asia-Pacific, including in the Philippines, may find it difficult to comply with the additional cost of exporting to the European Union starting July, according to logistics giant FedEx Corp.

‘BIR, BOC revenue targets retained’

The government has maintained collection targets for its two biggest revenue agencies despite a national energy emergency, the Department of Finance (DOF) said.

BSP eases rules as Middle East tensions shake markets

The Bangko Sentral ng Pilipinas (BSP) has granted temporary regulatory relief to banks and quasi-banks to shield their reported capital positions from unrealized losses on peso government securities caused by market volatility from the Middle East conflict.

Century Properties raising P3 billion to support expansion

Century Properties Group Inc. (CPG) of the Antonio family is raising fresh capital through a fixed-rate notes issuance to support its expansion.

Financial system resources hit record P37.3 trillion in April

Total resources of the Philippine financial system climbed to a record P37.31 trillion as of end-April, driven by sustained growth in bank assets and the continued expansion of digital lenders.

Forest Lake honors sales force following record 2025 growth

Forest Lake Development Inc., one of the country’s leading memorial park developers, gathered more than 550 guests at Okada Manila on April 21 for its 12th National Sales Convention, a celebration that honored its people, partnerships and shared values behind the company’s continued nationwide growth and record-breaking achievements in 2025.

Government eyes first nuclear auction in mid-2027

The government is targeting June 2027 for the country’s first nuclear tender, with the winning bidder expected to secure a ready market for the project and potential access to state funding support.

Government to borrow P1.12 trillion from domestic market

The Marcos administration will borrow as much as P1.12 trillion from the local debt market in the third quarter, leaning heavily on domestic financing amid global uncertainties.