Philippines Business News

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

The Pregnancy Fear Nobody Names-One Mother’s Search for an Answer

LOS ANGELES, July 01, 2026 (GLOBE NEWSWIRE) -- Glady Ferguson, a mother of three, prepared for her first pregnancy the way most mothers do: with birth classes, a doula and a birth plan. What she didn't prepare for was a fear she couldn't identify: a persistent worry that she wasn't going to survive labor. In a recent episode of the podcast This Incredible Mom Life, she described what that fear cost her and what made it go away. An analysis published in the American Journal of Public Health found

Philippines lifted to upper-middle income status

The Philippines has moved up the World Bank's classification. What does it mean?

Compass Diversified Declares Second Quarter 2026 Distributions on Series A, B and C Preferred Shares

WESTPORT, Conn., July 01, 2026 (GLOBE NEWSWIRE) -- Compass Diversified (NYSE: CODI) ("CODI” or the "Company”), an owner of leading middle market businesses, announced today that its Board of Directors (the "Board”) has declared a quarterly cash distribution for each of its three preferred share series. The Board declared a quarterly cash distribution of $0.453125 per share on the Company’s 7.250% Series A Preferred Shares (the "Series A Preferred Shares”). The distribution on the Series A Prefer

Columbia Financial, Inc. Announces Receipt of Stockholder and Depositor Approvals of Pending Second Step Conversion and Updated Results of Subscription Offering

FAIR LAWN, N.J., July 01, 2026 (GLOBE NEWSWIRE) -- Columbia Financial, Inc. (NASDAQ: CLBK), a Delaware corporation and the mid-tier holding company for Columbia Bank (the "Holding Company”), announced today that at its Annual Meeting of Stockholders held on June 25, 2026, its stockholders approved the Plan of Conversion and Reorganization whereby Columbia Bank MHC, the mutual holding company of the Holding Company and the Bank, will convert from mutual holding company form to the fully public st

Road closures set for INC rally in Manila

MANILA, Philippines — The Manila city government has issued several road closures in anticipation of the third day of the Iglesia Ni Cristo (INC) rally at Liwasang Bonifacio. In a Facebook post, the Manila Public Information Office said the road closures will start at 4:00 a.m. onwards, covering the stretch of C.M. Recto Avenue from Nicanor Reyes Street to Mendiola Street, Legarda Street from Figueras Street to San Rafael Street, Magallanes Drive from Jones Bridge to MacArthur Bridge, the

FDA Approves First Gene Therapy for Young Children with Sickle Cell Disease

State-of-the-art gene therapy provides new treatment option for children 2 years and older with life-threatening blood disorder Silver Spring, MD, July 01, 2026 (GLOBE NEWSWIRE) -- The U.S. Food and Drug Administration today issued a supplemental approval for Casgevy (exagamglogene autotemcel) for patients aged 2 years and older with either sickle cell disease (SCD) with recurrent vaso-occlusive crises (VOCs) or transfusion-dependent β thalassemia (TDT). This is the first gene therapy approved f

Classes suspended in Manila over INC rally

MANILA, Philippines — Manila Mayor Isko Moreno announced the suspension of classes in all levels for both public and private schools on Thursday due to the Iglesia Ni Cristo (INC) rally that is expected to take place at Liwasang Bonifacio. Moreno made the announcement during his Facebook Live, saying the suspension was ordered to ensure the safety and well-being of students, parents, teachers, and the general public as participants from the INC rally along EDSA were expected to proceed to

4 people die in Mexico City during celebrations after World Cup win

MEXICO CITY — Mexican health authorities said Wednesday that four people died during massive celebrations in downtown Mexico City after the national team’s victory over Ecuador secured a place in the World Cup Round of 16. Two women and one man were found unconscious on streets near the iconic Angel of Independence monument, where thousands had gathered Tuesday night to celebrate, Mexico City's Health Secretariat said on the social platform X. The victims, who authorities said died o

Quantum X Labs Demonstrates First All-Optical HRG Architecture for Advanced Inertial Sensing

Cover Image Quantum X Labs Demonstrates First All-Optical HRG Architecture for Advanced Inertial Sensing Tel Aviv, Israel, July 01, 2026 (GLOBE NEWSWIRE) -- Quantum X Labs Inc. (Nasdaq: QXL) has demonstrated its first fully all-optical HRG, marking a step toward electrically isolated, high-performance inertial sensing systems for next-generation navigation applications. Quantum X Labs Inc. (Nasdaq: QXL), an advanced quantum technologies company, has successfully demonstrated its first fully all-

Meridian3 Industrials Acquisition Corp Announces Pricing of $175 Million Initial Public Offering

NEW YORK, July 01, 2026 (GLOBE NEWSWIRE) -- Meridian3 Industrials Acquisition Corp (the "Company”) announced today the pricing of its initial public offering of 17,500,000 units at a price of $10.00 per unit. The units will be listed on The Nasdaq Global Market, or Nasdaq, and trade under the ticker symbol "MIACU” with trading expected to begin on July 2, 2026. Each unit consists of one Class A ordinary share of the Company and one-half of one redeemable warrant. Each whole warrant entitles the

Range Impact and C2 Ventures Launch AI Infrastructure Platform on 9,000-Acre West Virginia Energy Corridor

Platform combines strategic land, power, water, and transportation infrastructure to support next-generation AI and hyperscale computing. CLEVELAND, OHIO, July 01, 2026 (GLOBE NEWSWIRE) -- Range Impact, Inc. (OTCQB: RNGE) ("Range Impact" or the "Company"), a public company focused on acquiring, reclaiming, and repurposing strategic industrial assets throughout Appalachia, today announced the formation of a 50/50 joint venture with C2 Ventures, LLC, an AI infrastructure development firm focused o

Memphis Surgeon Seeks to Overturn Conviction, Citing FDA Guidance on Medical Devices with National Experts Aghast at Overzealous Persecution Despite FDA Safe Harbor

Sworn Declarations from Former FDA Counsel and Renowned Device Regulation Expert Expose Clear Regulatory Carve-Outs for Outpatient Clinics; Emergency Motion Seeks to Strike Verdict Before July 7 Sentencing MEMPHIS, Tenn., July 01, 2026 (GLOBE NEWSWIRE) -- Memphis surgeon Dr. Sanjeev Kumar has filed an emergency post-conviction motion asking a federal judge to set aside his conviction, arguing that the Department of Justice's prosecution conflicts with the U.S. Food and Drug Administration's publ

PetPivot Donates 10 Autoscooper 12 Smart Litter Boxes to PAWS Chicago to Support Cat Care

CHICAGO, July 01, 2026 (GLOBE NEWSWIRE) -- PetPivot, a smart cat litter box technology brand focused on cleaner and more efficient pet care, has donated 10 Autoscooper 12 fully automatic smart litter boxes to PAWS Chicago as part of the company’s broader charitable support program for animal shelters and rescue organizations. The donated units are being distributed to PAWS Chicago foster families, where they are intended to help improve litter hygiene for foster cats living in temporary home-car

Four die in wild Mexico City World Cup celebrations

MEXICO — At least four people died in Mexico City on Wednesday during raucous post-game celebrations after Mexico's victory over Ecuador in the World Cup sent the team to the round of sixteen. Three people suffocated to death at the heart of massive crowds -- a 19-year-old woman, a 44-year-old man and a 48-year-old woman, city health authorities said. A 30-year-old man also died in an epileptic crisis, officials said. Mexican President Claudia Sheinbaum expressed "our solidarity and suppor

Martensen IP Offers Strategic Insights for Defense Contractors, Why Ordinary Legal Access May Not Be Enough, and the Benefits of Government Contracting Legal Counsel

The Hidden Legal Gap in National Security Projects According to Martensen IP Colorado Springs, CO, July 01, 2026 (GLOBE NEWSWIRE) -- At Martensen, we recognize companies that support the U.S. government are operating in an environment where legal, technical, cybersecurity, and national security obligations now intersect. A software company may begin with a commercial product and quickly find itself handling controlled unclassified information. A defense supplier might face contract clauses that

Jet.AI Stockholder Votes Exceed Majority Threshold for flyExclusive Transaction

Holders of Record as of July 6th Eligible for Merger Consideration Pending Final Vote July 2nd 4pm EDT LAS VEGAS, NV, July 01, 2026 (GLOBE NEWSWIRE) -- Jet.AI Inc. ("Jet.AI") (NASDAQ: JTAI), an emerging provider of high-performance GPU infrastructure and AI cloud services, today reported that it has been advised that the majority of shares entitled to vote in the Special Meeting of Stockholders have voted in favor of its proposed transaction with flyExclusive, Inc. (NYSE: FLYX), exceeding the am

Prop Firm Compare Launches Advanced Comparison Engine to Help Futures Traders Make Better Funding Decisions

ORLANDO, Fla., July 01, 2026 (GLOBE NEWSWIRE) -- The new platform enables traders to compare prop firms side by side using hundreds of funding rules, account features and trading conditions, making it one of the most comprehensive futures prop firm comparison tools available. Prop Firm Compare has announced the launch of its new advanced comparison engine, offering futures traders a faster, more transparent way to compare funded trading firms before purchasing a challenge. Built specifically for

Univest Securities, LLC Announces Closing of $750,000 Registered Direct Offering for its Client EShallGo Inc. (NASDAQ: EHGO)

New York, July 01, 2026 (GLOBE NEWSWIRE) -- Univest Securities, LLC ("Univest”), a member of FINRA and SIPC, and a full-service investment bank and securities broker-dealer firm based in New York, today announced the closing of a registered direct offering (the "Offering”) of approximately $750,000 for its client EShallGo Inc. (NASDAQ: EHGO) (the "Company” or "Eshallgo”), a provider of integrated office and enterprise technology solutions, including AI-enabled tools. Under the terms of the secur