Philippines Business News

Spain's World Cup hero Torres saves PSG's blushes at Rennes

PARIS, France — Spain's World Cup winner Ferran Torres scored twice to claim a draw for Paris Saint-Germain as they started the defense of their French Ligue 1 title with a 2-2 draw at Rennes. Torres came off the bench for his Ligue 1 debut and opened his account for his new club weeks on from scoring the winning goal for La Roja in the World Cup final. Rennes led at the break after Sebastian Szymanski and Esteban Lepaul scored at Roazhon Park before Torres' clinical interventions thanks t

Lando Norris wins F1's Dutch Grand Prix after a daring pass on Kimi Antonelli

ZANDVOORT, Netherlands — Lando Norris had a clear message for his Formula 1 rivals after a spectacular race-winning pass on standings leader Kimi Antonelli. Write off his title defense at your peril. “This fight is still on,” Norris said over team radio after winning the Dutch Grand Prix for back-to-back F1 victories and a trophy presented by the King of the Netherlands. Norris asked his McLaren team to “just keep bringing upgrades (to the car), just keep bringing perform

Today's Weather, 5 A.M. | Aug. 24, 2026

VP: Filipino language must keep pace with AI

VICE-PRESIDENT (VP) Sara Duterte-Carpio on Sunday urged Filipinos to ensure that the national language keeps pace with artificial intelligence (AI) and other technological advances, saying it should remain a tool for knowledge and digital innovation. “As we enter the era of modern technology, let us ensure that our national language is not left behind but […]

Indonesian police arrest 72 people suspected of starting forest fires

JAKARTA, Indonesia — Indonesian police on Sunday arrested 72 people suspected of starting some of the recent forest and peatland fires as huge blazes in central and western parts of the country triggered a harmful cloud known as a choking haze. Indonesia has been battling fires driven by an intensifying El Nino pattern and a prolonged dry season, generating dense smoke that crossed into Malaysia, according to Indonesia’s National Disaster Management Agency, or BNPB. Fires are a regul

Thai prime minister meets security chiefs after coordinated attacks in 3 southern provinces

BANGKOK — Thailand ’s Prime Minister Anutin Charnvirakul, already facing a flood crisis in the country’s north, held an urgent meeting on Sunday with high-level security officials in response to coordinated violence overnight in three southern provinces where a small-scale Muslim insurgency is active. The meeting, held shortly before Anutin flew north to inspect the badly flooded province of Nan, followed 51 incidents on Saturday night in the southernmost provinces of Narathiwa

Carney warned about economic coercion. Now Trump is testing the Canadian prime minister

TORONTO — Mark Carney drew international attention as Canada’s prime minister by warning that middle powers must resist economic coercion by more powerful countries. Now President Donald Trump is putting that warning to the test with sweeping new tariffs that could show how much economic pain Canada can absorb. Tensions escalated late Friday when Canada walked away from negotiations after Carney concluded the United States was demanding too much in exchange for tariff relief. The U.S

Solana Unchained Emerges as a Closely Watched Solana Presale Following Product Ecosystem Reveal

SACRAMENTO, Calif., Aug. 23, 2026 (GLOBE NEWSWIRE) -- The expanding decentralized finance landscape on the Solana network is entering a new chapter as capital moves away from purely speculative projects toward ecosystems anchored by functional software. Solana Unchained has quickly positioned itself as a standout participant in this rotation after unveiling its comprehensive product ecosystem. By designing a decentralized environment where native utility tokens are mandatory for powering artific

World's First Autonomous Humanoid Tennis Match: GALBOT Robots Complete 100+ Consecutive Rallies

From AlphaGo to AstraTennis: Humanoid Robots Bring AI Into the Physical World BEIJING, Aug. 24, 2026 /PRNewswire/ -- A new milestone in artificial intelligence and robotics was achieved as Galbot humanoid robots competed against human athletes in the world's first live autonomous humanoid robot tennis match, broadcast globally during the opening ceremony of the Second World Humanoid Robot Games. During the match, Galbot robots achieved 100+ consecutive autonomous rallies, setting a new world rec

She Made it - the Youngest South African Woman to Swim the Channel

DOVER, England, Aug. 23, 2026 (GLOBE NEWSWIRE) -- Supported by the CMO Council and other boosters, 18-year-old Amber-Rose Berry of Pringle Bay, near Cape Town, has made history as the youngest-ever South African woman to swim the iconic English Channel. She completed 33 km on what is known to be one of the world’s most grueling open-water crossings, in just 10 hours 27. (This remains unofficial until her time is ratified.) And she did so while battling strong currents, painful jellyfish stings a

Bessent flags ‘economic D-Day’ for Iran as Tehran warns of more oil pain

Another rate hike seen despite slowing growth

ELEVATED inflation could prompt the Bangko Sentral ng Pilipinas (BSP) to deliver another rate increase this Thursday despite a slowing economy, analysts said. Six out of nine economists polled by The Manila Times said the benchmark rate could be raised by another 25 basis points to 5.0 percent. The BSP’s policymaking Monetary Board, which has raised key interest rates two times so far this year due to above-target inflation, is scheduled to meet on Aug. 27. BSP Governor Eli Remolona Jr. ha

Poll: BSP to hike rates by 25 bps anew

PERSISTENT inflation pressures may warrant a third straight rate hike from the Bangko Sentral ng Pilipinas (BSP) this week, even as economic growth remains tepid, analysts said.

Philippines needs broader growth base to withstand shocks, say economists

THE Philippines must strengthen its productive capabilities and diversify an economy still heavily reliant on consumption and services to become more resilient to external shocks and advance toward high-income status, economists said.

Widening BoP deficit, dwindling reserves raise red flags for Philippines’ external position

THE Philippines’ external position may be in peril if its balance of payments (BoP) deficit persists and dollar reserves continue to shrink, GlobalSource Partners said. GlobalSource Partners Country Analyst Diwa C. Guinigundo said the Philippines needs to diversify the country’s foreign currency revenue streams to ensure it can weather global shocks. “The bigger issue is […]

Napolcom commends off-duty cop for pursuing hit-and-run suspect

BEING off duty does not mean being off service when lives are at stake. Napolcom Commissioner Rafael Vicente Calinisan underscored this as he commended Police Executive Master Sergeant (PEMS) Andy Evangelista for pursuing a driver who allegedly fled after hitting two pedestrians in Antipolo City. Commissioner Calinisan presented PEMS Evangelista with a Certificate of Commendation at the Napolcom on Aug. 17, recognizing his courage, alertness and presence of mind in responding to the hit-and-run

$120,000 and One Million Visitors in 48 Hours for Solo Founder's Side Project Outbid.lol

More than 700 companies placed bids within two days, turning a one field website into a viral live market for search visibility Osnabruck, Lower Saxony, Germany, August 23, 2026 -- Outbid.lol, a leaderboard where rank is set entirely by what a company pays, drew more than one million visitors and $120,000 in bids within 48 hours of its August 19, 2026 launch. It applies the logic of keyword auctions to a single public page, and one developer built it alone. The product is one page with one input

BNP PARIBAS GROUP: SUDAN LITIGATION STATEMENT FROM BNP PARIBAS

SUDAN LITIGATION: STATEMENT FROM BNP PARIBAS Paris, 23rd August 2026 BNP Paribas is confident that the trial court fundamentally misconstrued Swiss law, committed numerous legal errors and sidelined highly relevant evidence showing that the financial transactions at issue were authorized under Swiss and European law. The Bank’s arguments were strongly supported by amicus briefs filed by the Governments of Switzerland and the United States, distinguished academics and jurists, and leading industr

Cebu mayor faces criminal complaint

CEBU CITY — Mayor Nestor Archival Sr. faces criminal and administrative complaints before the Office of the Ombudsman over an alleged conflict of interest in the Monterrazas de Cebu development in Barangay Guadalupe. Former Cebu City Coastline Management Board official Ed Karlon Rama, a Guadalupe resident, filed the seven-page complaint-affidavit with the Ombudsman Area Office for the Visayas in Cebu City on Wednesday. Rama alleged that Archival and his spouse own a 713-square-meter proper

50k flood-affected families in Bulacan get aid

CITY OF MALOLOS — The provincial government of Bulacan, through the Provincial Social Welfare and Development Office (PSWDO), has distributed relief assistance to more than 50,000 families in the most flood-affected areas in the municipalities of Santa Maria, Guiguinto, Balagtas, Bocaue, Calumpit, Hagonoy, Paombong, Norzagaray, Pandi, and Angat. Gov. Daniel Fernando and Vice Gov. Alexis Castro personally visited communities affected by massive flooding to check the situation of residents a

Critical minerals offer a big potential

LAST week, President Ferdinand Marcos Jr. signed an executive order to establish the Unified National Policy Framework for Developing the Critical Minerals Industry that will lay down the guidelines for transforming the Philippines into a key player in the global critical minerals market. Critical minerals such as lithium, copper, nickel, cobalt, graphite and rare earth elements are driving the transition to low-carbon energy systems. They have also become indispensable in other strategic indust

PH leads regional push for stronger public finance systems for children

THE Philippines is strengthening its role in advancing child-responsive public finance in the region, bringing together eight South and Southeast Asian countries to exchange reforms and practical solutions aimed at ensuring that limited public resources deliver better outcomes for children. Through the Department of Budget and Management (DBM) and with support from the European Union (EU) and United Nations Children’s Fund (Unicef), the Philippines hosted the South-South Exchange from Aug.

6.5 million Filipinos were not lifted out of poverty6.5 million Filipinos were not lifted out of poverty

What it claimed was that 6.5 million Filipinos moved from below to above the very artificial poverty threshold it had invented years ago. It has not established that 6.5 million Filipinos ceased being poor, in the ordinary meaning of that word. At best, the number of our poor remained unchanged and probably even worsened since this corruption-riddled administration came to power. As usual, the extremely pro-administration Philippine Star and Philippine Daily Inquirer made it their banner headlin

Eala ramps up training for US Open

FILIPINO tennis ace Alex Eala arrived in New York and immediately got to work for her US Open return. US Open Tennis on Sunday posted a video of Eala hitting balls under the supervision of coach Joan Bosch at the Arthur Ashe Stadium. WTA No. 20 Eala will begin her campaign in the mixed doubles with ATP No. 4 Felix Auger-Aliassime of Canada. Eala then faces WTA No. 16 Iva Jovic in the Stars of the Open exhibition match on Aug. 27. On the same day, the draws for men and women will be revealed. The