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Philippines Business News

Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.

2261 articles across all sources

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Manila Times Business

Michelin completes the acquisition of Tex Tech Industries and reinforces its Polymer Composite Solutions business

Clermont-Ferrand, July 1st, 2026 COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELIN Michelin completes the acquisition of Tex Tech Industries and reinforces its Polymer Composite Solutions business Michelin completed the acquisition of Tex Tech, under the terms announced on January 2, 2026, and after obtaining all the necessary approvals for the transaction. Tex Tech is a strong strategic fit for the Polymer Composite Solutions business, with the same commitment to innovation and high-quality produc

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Manila Times Business

Applied Biologics Announces Expanded Strategic Focus on Surgical Applications of XWRAP®

SCOTTSDALE, Ariz., July 01, 2026 (GLOBE NEWSWIRE) -- Applied Biologics, a biopharmaceutical company advancing novel biologic therapies for serious diseases with significant unmet medical needs, today announced an expanded strategic initiative focused on advancing the use of XWRAP® across surgical applications. The initiative reflects the Company’s long-term vision of expanding the clinical utility of XWRAP beyond chronic wound management and into surgical procedures where tissue healing, inflamm

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Manila Times Business

Bouygues: Monthly disclosure of the total number of shares and voting rights

Monthly disclosure of the total number of shares and voting rights Paris, 01/07/26 Article 223-16 of the AMF General Regulation Date Shares Voting rightsTheoritical (1)Exercisable (2)30 June 2026388,056,105499,311,634497,212,829 (1) In accordance with Article 223-11 of the AMF General Regulation, this number is calculated on the basis of all the shares to which voting rights are attached, including shares for which voting rights have been suspended. (2) For information purposes only, this number

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Manila Times Business

RENTAL INCOME UP +4% IN H1 2026 AND TARGET FOR THE YEAR REVISED UPWARDS TO €221M (VS. €220M PREVIOUSLY)

Quarterly financial information - Neuilly-sur-Seine, Wednesday, July 1, 2026 - 5.45 pm Rental income up +4% in H1 2026 and target for the year revised upwards to €221m (vs. €220m previously) Rental income (IFRS) as at June 30, 2026 (unaudited figures) € million20262025Trends1st quarter (Jan. - March)54.452.9+3%2nd quarter (April - June)55.352.9+5%Total 1st half109.7105.8+4%First half 2026 rental income: €109.7 million In the 1st half of 2026, ARGAN, leading French real estate company specializin

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Manila Times Business

Nexity: Total number of voting rights and shares composing the share capital as of 30 June 2026

NEXITY Société anonyme au capital de 280 648 620 euros Siège Social : 67 rue Arago 93400 Saint-Ouen-sur-Seine 444 346 795 RCS Bobigny Monthly disclosure of the total number of voting rights and shares composing the share capital in accordance with Articles L. 233-8-II of the French Commercial Code and 223-16 of the General Regulation of the Autorité des Marchés Financiers Information cut-off dateTotal number of shares Net total number of voting rights 30 June 2026 56,129,724 Total gross56,129,72

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Manila Times Business

COMBINED GENERAL MEETING OF JULY 29, 2026 - CONDITIONS FOR OBTAINING THE PREPARATORY DOCUMENTS

COMBINED GENERAL MEETING OF JULY 29, 2026 CONDITIONS FOR OBTAINING THE PREPARATORY DOCUMENTS Bernin (Grenoble), France, July 1, 2026 - Soitec (Euronext Paris) reminds its shareholders that they are invited to attend the Combined General Meeting to be held on Wednesday, July 29, 2026 at 10:00 a.m. (Paris time), at the Auditorium of the VERSO Conference Center, located at 52, rue de la Victoire, 75009 Paris, France. The preliminary meeting notice, serving as a convening notice, provided for by Art

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Manila Times Business

Landsbankinn hf.: Covered bond offering results

Today, Landsbankinn concluded a covered bond auction where a non-indexed series was offered for sale, LBANK CB 32. A total of 13 bids for ISK 3,220m were received in the series LBANK CB 32 at 7.60%-7.67% yield. Bids in the amount of ISK 2,620m were accepted in the series at 7.63% yield. Following the tap issuance, the total amount issued in the series will be ISK 7,940m, thereof 6,980m outstanding and 960m retained. Expected settlement date is 8 July 2026. Arion banki, Islandsbanki and Kvika act

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Manila Times Business

Announcement of the total number of voting rights as at 30 June 2026

Regulated information, Leuven, 1 July 2026 (17.40 hrs CEST) Announcement of the total number of voting rights as at 30 June 2026 In application of Article 15 of the Act of 2 May 2007 on the disclosure of major shareholdings in issuers whose shares are admitted to trading on a regulated market, KBC Ancora publishes on its website and via a press release on a monthly basis the total capital, the movements in the total number of voting shares and the total number of voting rights, in so far as thes

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Manila Times Business

DEME orders next-generation trailing suction hopper dredger

DEME is further reinforcing its dredging fleet with the construction of a new 22,000 m³ trailing suction hopper dredger (TSHD), which will strengthen its long-term competitiveness in capital and maintenance dredging, land reclamation, and offshore seabed preparation. Designed to deliver a step-change in productivity, the new vessel will combine a structurally lower cost per dredged cubic meter and reduced greenhouse gas intensity compared to existing vessels in this segment. With this substantia

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Manila Times Business

Decadent Sticky Rice Recipes for Dessert

NEW YORK, July 01, 2026 (GLOBE NEWSWIRE) -- (Feature Impact) Although many people associate rice with savory dishes, this staple grain can actually level up your dessert game too. Cultures from around the world have invented a variety of creative ways to turn the sticky rice in your pantry into treats you can whip up when you’re on the prowl for something sweet. A Media Snippet accompanying this announcement is available by clicking on this link. Sticky rice, also known as sweet rice, is a speci

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Manila Times Business

As Soccer Takes the Global Stage This Summer, the BEAR Implant Is Changing the Way ACL Tears are Treated

Orthopedic surgeon Dr. Scott Sigman and BEAR Implant patient and soccer coach Marcelo Cunha join YourUpdateTV to discuss ACL tears and the options for treating them Orthopedic surgeon Dr. Scott Sigman and BEAR Implant patient and soccer coach Marcelo Cunha join YourUpdateTV to discuss ACL tears and the options for treating themNEW YORK, July 01, 2026 (GLOBE NEWSWIRE) -- With soccer taking the global stage this summer, attention is turning to one of the most common injuries in the sport: anterior

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Manila Times Business

Treasury Bond Auction Announcement - RIKB 29 0416 - RIKB 35 0917

SeriesRIKB 29 0416RIKB 35 0917ISINIS0000039121IS0000035574Maturity Date04/16/202909/17/2035Auction Date07/03/202607/03/2026Settlement Date07/08/202607/08/202610% addition07/07/202607/07/2026 On the Auction Date, between 10:30 am and 11:00 am, the Government Debt Management will auction Treasury bonds in the Series, with the ISIN numbers and with the Maturity Dates according to the table above. Payments for the Treasury bonds must be received by the Central Bank before 14:00 on the Settlement Dat

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Manila Times Business

XYPN SAPPHIRE EXPANDS LEADERSHIP TEAM AS PLATFORM SURPASSES $1 BILLION IN ASSETS

Firm expands leadership bench with key leadership additions and internal promotions as advisor platform continues rapid growth BOZEMAN. Mont., July 01, 2026 (GLOBE NEWSWIRE) -- XYPN Sapphire, the integrated RIA platform built for independent financial advisors, today announced the expansion of its leadership team as it surpasses $1 billion in assets under management and advisement and continues to scale its support for advisors nationwide. Today, Sapphire supports 56 advisors serving over 800 cl

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Manila Times Business

ASSP Appoints Monique Parker, CSP, as New President

Safety leader brings more than 20 years of experience and focus on workforce development Monique Parker Headshot of Monique Parker, CSP, president, ASSP PARK RIDGE, Illinois, July 01, 2026 (GLOBE NEWSWIRE) -- Monique Parker, CSP, chief sustainability officer at Elevra Lithium, today began serving as the 111th president of the American Society of Safety Professionals (ASSP) and chair of the ASSP Foundation, the Society’s charitable arm. Parker will serve a one-year term and succeeds Linda Tapp, C

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Manila Times Business

Al Tahaluf Rebrands to HOV Global as K. Hovnanian Middle East Expands its Investment in Saudi Arabia

K. Hovnanian Middle East begins its next chapter as the Saudi developer deepens its investment in the Kingdom, reinforcing its long-term commitment to Saudi Arabia and Vision 2030 RIYADH, Saudi Arabia, July 01, 2026 (GLOBE NEWSWIRE) -- Al Tahaluf Real Estate Company CJSC today announced its rebrand to HOV Global CJSC following an increase in majority ownership by K. Hovnanian M.E. Investments, LLC (KHME), a subsidiary of Hovnanian Enterprises, Inc. (NYSE: HOV), one of the largest homebuilders in

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Manila Times Business

Information on share capital and voting rights - June 2026

Information on share capital and voting rights June 2026 Statement made in accordance with article L. 233-8 II of the French commercial Code and articles 221-1 2 ° f) and 223-16 of the AMF Regulations. July 1st, 2026 Statement made by: Nexans S.A. Registered office : 4 Allée de l’Arche - 92400 Courbevoie RCS Nanterre 393 525 852 Regulated market of Euronext Paris (Compartment A) Date Total number of shares Total number of voting rightsTheorical (1)Exercisable (2)June 30th, 202643,746,79343,746,7

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BusinessWorld

Shares rebound as investors pick up bargains

PHILIPPINE SHARES ended higher on Wednesday as investors took advantage of lower valuations after the market’s steep decline in the prior session. The Philippine Stock Exchange index (PSEi) rose by 0.53% or 32.09 points to close at 6,069.26, while the broader all shares index went up by 0.16% or 5.49 points to end at 3,324.78. […]

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BusinessWorld

Water firms expect buffers to be adequate ahead of El Niño

WATER CONCESSIONAIRES serving Metro Manila said they are ensuring they can tap water reserves ahead the onset of El Niño, as low water levels at Angat Dam led to the reduction of the water allocation for the capital. Maynilad Water Services, Inc. and Manila Water Co., Inc. told customers that they expect their supply to […]

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BusinessWorld

Price council backs 60 more days of P50 price cap on imported rice

AGRICULTURE Secretary Francisco P. Tiu Laurel, Jr. said the National Price Coordinating Council supported the Department of Agriculture’s recommendation to extend by 60 more days the P50 per kilo price cap on imported 5% broken rice. Mr. Laurel told reporters that such an extension would be the last one. It is awaiting approval from President […]

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BusinessWorld

Pricing being determined for vehicle-to-grid power supply scheme

THE Energy Regulatory Commission (ERC) said it is preparing regulations that will govern electric vehicles (EVs) whose owners would like to offer their excess energy to the grid. Sharon O. Montañer, ERC director of the Market Operations Service, said the regulator is hoping to issue an EV framework this year which will include vehicle-to-grid (V2G) […]

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BusinessWorld

Tarlac developer Hann registers with PEZA as domestic market enterprise

THE Philippine Economic Zone Authority (PEZA) said it signed a registration agreement (RA) with integrated resort developer Hann Philippines, Inc., certifying it as an economic zone domestic market enterprise for tourism. “The agreement formalizes the registration of Hann Philippines as a PEZA Ecozone Domestic Market Enterprise for tourism,” PEZA said in a statement on Wednesday. […]

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BusinessWorld

Employers call for more reforms to boost productivity following wage hike order

BUSINESS GROUPS said the P85 wage hike for Metro Manila must be accompanied by further reforms to boost productivity and reduce the cost of doing business, to ensure that employers can comply with the order. Philippine Chamber of Commerce and Industry President Ferdinand A. Ferrer, while signaling his organization’s willingness to comply, called for policies […]

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BusinessWorld

Transfer process for club shares simplified by BIR

THE Bureau of Internal Revenue (BIR) said it is streamlining the process for nominee transfers of proprietary club shares. In a statement on Wednesday, the BIR said it issued Revenue Memorandum Circular 72-2026, clarifying the tax treatment of nominee transfers of proprietary club shares that do not involve any change in beneficial ownership. The circular […]

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BusinessWorld

Key food prices decline month on month in June

THE Philippine Statistics Authority (PSA) said on Tuesday that prices of key food commodities fell month on month during the June 15 to 17 period, which the PSA calls the second phase of June. Well-milled rice prices fell 3% month on month to P56.15 per kilogram. Year on year, prices rose 14.3%. Fresh bone-in pork […]

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