Philippines Business News

Payments body elects new directors, officers

The Payments Network of the Philippines Inc. – the surviving corporation integrating the operations of BancNet Inc. and the Philippine Clearing House Corp. – has elected its board of directors and new sets of officers for the 2026–2027 term

PSE approves RRHI delisting

The Philippine Stock Exchange Inc. has given the green light to Robinsons Retail Holdings Inc. exit from the local bourse, marking the end of the Gokongwei-owned multi-format retailer’s nearly 13-year run as a listed company.

SM Group bags 12 Stevies for reporting, community programs

The SM Group of the Sy family earned numerous recognitions for parent-company reporting and programs delivered through its malls and communities.

Top Line expands into Negros Oriental

Top Line Business Development Corp. is taking Light Fuels beyond its home base in Cebu, opening its first branded service stations in Negros Oriental.

Transacting with government made easy

Just last year, the United Nations E-Government Award was conferred to the Philippines by the UN Department of Economic and Social Affairs for its significant progress in digital government.

Wise flags hidden forex markups in remittances

Global payments firm Wise is in discussions with the Bangko Sentral ng Pilipinas to strengthen transparency in remittance pricing, particularly on foreign exchange markups that may not be immediately apparent to customers sending money across borders.

Chinese Embassy accuses Teodoro of falsifying claims

MANILA, Philippines —The Chinese Embassy on Saturday slammed Defense Secretary Gilbert Teodoro for “falsification and defamation” and distorting facts regarding the arrest of Chinese nationals during a law enforcement raid at a steel manufacturing plant. This was in relation to the raid on Davao Mighty Steel Corporation, where 14 individuals—including 10 Chinese nationals and 4 Filipinos—were arrested and 174 Filipino workers were rescued after being exposed to haza

SMS-Act Identifies Regional SMS Delivery Gaps Behind Signup Failures in Manila and Jakarta

Hood River, Oregon, August 22, 2026 /MarketersMEDIA/ -- A Philippine software company opens a second market. The ad spend goes out, the traffic arrives, the dashboard shows registrations climbing. Six weeks later the revenue from that market is a rounding error, and the post-mortem produces four theories, none of them testable. Pricing gets blamed first. Then the local payment method, then the translation, then the ad targeting. The real answer is usually two steps earlier in the funnel, sitting

Wesley So wins big US tournament

MANILA, Philippines — Filipino-American super grandmaster Wesley So played solid chess to beat top-ranked chess grandmasters at the 2026 Sinquefield Cup, one of the biggest yearly chess tournaments. A highlight of the tournament was when So defeated fellow American and world number two, Fabiano Caruana in Round 3. So pounced on an early mistake by Caruana by exchanging Queens, enabling So to activate his Knight, exchanged it for a long-range Bishop, won two pawns to establish a pawn majori

DPWH vows permanent, durable repairs for Cordillera roads after fatal accidents

Public Works and Highways Secretary Vince Dizon has ordered a shift from temporary fixes to permanent, durable engineering solutions for roads and infrastructure in the Cordillera region, following a fatal accident and widespread damage from recent typhoons. Dizon revealed the agency’s long-term plan after he inspected the damaged Beckel Road in La Trinidad, Benguet on Friday where a 13-year-old cyclist died after plunging into a ravine due to missing safety barriers. The Department of Pub

29 years after Agila-2, Philippines builds its own space capability

THE Philippines’ early satellite program began with communications, but two decades later it had shifted toward developing spacecraft and training Filipino engineers to build and operate them. The first step came in 1996, when Mabuhay Satellite Corp. acquired Palapa B2P, an Indonesian communications satellite already in orbit, and renamed it Agila-1. The acquisition gave the Philippines its first Philippine-owned satellite and added satellite capacity to the country’s telecommunicati

Steelworkers back Canada holding the line on trade, call for a stronger response to protect Canadian jobs and industry

TORONTO, Aug. 22, 2026 (GLOBE NEWSWIRE) -- United Steelworkers union (USW) National Director Marty Warren issued the following statement on the suspension of Canada-U.S. trade negotiations and the imposition of new 50% U.S. tariffs on Canadian goods: "Canada was right to hold the line rather than accept a deal that did not adequately protect Canadian workers, jobs and communities. We have said throughout these negotiations that no deal is better than a bad deal. The terms being discussed - inclu

One SUV for Different Sides of Family Life: KAIYI X7 Hybrid Makes Room for More

YIBIN, China, Aug. 22, 2026 (GLOBE NEWSWIRE) -- A family SUV needs to support more than the daily commute; it also needs to accommodate multiple passengers, long trips and outdoor activities. The KAIYI X7 Hybrid combines generous exterior dimensions, a versatile cabin and practical load capacity to make family journeys easier and more enjoyable. A Spacious Three-Row Cabin for Everyone on Board Measuring 4,710 mm in length and 1,955 mm in width, and featuring a 2,800 mm wheelbase, the KAIYI X7 Hy

The Garden Within Arrives at Nova Maldives for Festive Season 2026

Nova Maldives will welcome the festive season with The Garden Within, a thoughtfully curated programme taking place from 19 December 2026 to 7 January 2027. Nova Maldives, August 22, 2026 /MarketersMEDIA/ -- Inspired by Nova's enduring spirit of connection, the festive programme brings together meaningful celebrations, restorative wellbeing, creative expression and shared experiences designed to feel warm, effortless and good for the soul, each one threaded with presence and the pleasure of feel

Alyssa Valdez leads Creamline to straight-set win over Galeries Tower

MANILA, Philippines — Alyssa Valdez delivered an all-around performance as the Creamline Cool Smashers wrapped up their 2026 Premier Volleyball League (PVL) On Tour campaign with a 25-21, 25-16, 25-21 victory over the Galeries Tower Highrisers on Saturday night at the Victoria City Coliseum in Negros Occidental. Valdez paced Creamline with 10 points, highlighted by eight attacks, one block, and an ace, as the Cool Smashers completed the pre-season tournament with an unbeaten 2-0 record. Ja

PCSO Lotto Results | August 22, 2026

LOOK: Creamline def. Galeries (3-0)

PVL on Tour Creamline def. Galeries, 3-0 Alyssa Valdez Player of the Game #PVL2026

Membrane Solutions Launches New Outdoor Water Filtration Solutions at Outdoor Retailer 2026

MINNEAPOLIS, Aug. 22, 2026 (GLOBE NEWSWIRE) -- Membrane Solutions announced today the successful conclusion of its third consecutive appearance at the Outdoor Retailer Exhibition. Held August 20-21, 2026, at the Minneapolis Convention Center, the exhibition provided a key platform for the company to introduce its latest outdoor hydration innovations and engage with major national retail partners. Operating from Booth #935, Membrane Solutions highlighted its expanding portfolio of accessible wate

Kurly Expands Its Chef-Driven Food Collection with Udon Kaden's U.S. Retail Launch

Udon Kaden's two signature dishes - Signature Udon and Chilled Udon - launch in the U.S.Available at H Mart, Jagalchi, Mega Mart and other retail partners, and online at Kurlyglobal.comChef Jung Ho Young will host in-store tastings at four California stores on August 22-23LOS ANGELES, Aug. 22, 2026 /PRNewswire/ -- Kurly, the premium Korean food company bringing the country's most-loved foods to American consumers, announced the U.S. launch of two frozen udon dishes from Udon Kaden, the beloved S

Lea Salonga to receive star on Hollywood Walk of Fame

MANILA, Philippines — Broadway legend and international icon Lea Salonga is set to make history as the first Filipina to receive a star on the Hollywood Walk of Fame on Sept. 4, 2026, a career-defining moment that celebrates her impact on theater and film. In an Instagram post, the Hollywood Chamber of Commerce announced Salonga’s inclusion in the Class of 2026 under the Live Theatre/Live Performance category, placing her among some of the world’s most influential performers. S

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