Philippines Business News

Floods reported in more areas in Metro Manila; Marikina River monitored

(UPDATE) MANILA, Philippines — More areas in Metro Manila are now flooded, according to the Metropolitan Manila Development Authority (MMDA) on Saturday. Aside from Quezon City and Makati City, Valenzuela has also reported floods caused by the heavy monsoon rains. As of 12:45 p.m., the MMDA said the affected areas were: Quezon City: A. Bonifacio corner Sgt. Rivera Makati City: EDSA Estrella southbound Valenzuela City: MacArthur Highway, in front Fatima Hospital and Karuhatan Market C3-Nort

Ebdane discusses Central Luzon development projects with BCDA

NEW CLARK CITY, Pampanga — Regional Development Council 3 (RDC-3) chairman and Zambales Gov. Hermogenes Ebdane Jr. attended a vital meeting with officilas from the Bases Conversion and Development Authority (BCDA) and Department of Economy, Planning, and Development (DEPDev) to discuss upcoming development projects in Central Luzon on Friday. Ebdane discussed the blueprints for progress in Region 3, particularly in New Clark City, with BCDA president and CEO Joshua Bingcang and vice presid

Alex Eala says nothing serious about her tweaked ankle

MANILA, Philippines — Filipino tennis ace Alex Eala said there's nothing too serious about her right ankle which she tweaked in the second set of her third round match against American Caty McNally at the WTA 1000 National Bank Open Friday night in Toronto (Saturday morning in Manila). Eala, who took a medical timeout after the fifth game of the second set for ankle treatment, defeated McNally in the grueling 2-hour and 39-minute battle, 6-3, 5-7, 6-4. "I kind of rolled my ankle in that se

Venus wants Eala to team up with Serena: ‘Then she can complete the Williams Sisters’

MANILA, Philippines — Tennis legend Venus Williams floated an intriguing idea for Filipina tennis star Alex Eala: a future doubles partnership with her sister, Serena Williams. Venus and Eala made an early exit at the National Bank Open doubles competition, falling to Russia’s Liudmila Samsonova and Japan’s Miyu Kato, 4-6, 3-6, in the opening round on Friday morning (Manila time). Despite the defeat, the young star and tennis icon remained in high spirits during their post-matc

Bybit Sues North Korea and Lazarus Group, Secures Preliminary Injunction Freezing Stolen Assets in Landmark Crypto Asset Recovery Effort

Lawsuit accuses North Korea and Lazarus Group of orchestrating the $1.5 billion theft, as court-ordered asset freeze supports recovery efforts and Bybit expands collaboration with law enforcement and industry partners to strengthen accountability for crypto-related cybercrime DUBAI, UAE, Aug. 8, 2026 /PRNewswire/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, today announced that it has filed a civil lawsuit in the U.S. District Court for the District of Columbia

Exhausted Eala draws strength from Filipino crowd in gritty Toronto victory

MANILA, Philippines — Visibly exhausted yet overcome with emotion, Alex Eala battled through another grueling three-setter to advance to the round of 16 of the National Bank Open in Toronto, Canada. The 21-year-old Filipino tennis ace outlasted American Caty McNally, 6-1, 4-6, 6-2, on Saturday morning (Manila time) at the Sobeys Stadium Centre Court. Eala appeared to be cruising after dominating the opening set, but McNally, 24, fought back strongly in the second frame and forced a decider

Malacañang says anti-China caskets not helpful to country

MANILA, Philippines — After caskets with anti-China messages were found in several parts of Metro Manila on Friday, Malacañang said such actions “do not help the country.” In a video message on Saturday, Presidential Communications Office Undersecretary Claire Castro said that the police were launching a full investigation into the unusual incidents, which have raised public alarm. “To those engaging in such activities: you are not being prevented from exercising y

Lindsay Clancy trial spotlights her psychiatric care before she killed her 3 children

(Content warning: This story contains mentions of murder.) Lindsay Clancy's murder trial zeroed in Friday on her psychiatric care before she killed her three children, with testimony tracing a monthslong path to a final appointment the day before the tragedy. In that virtual visit on Jan. 23, 2023, the Massachusetts mother appeared depressed, said she felt no motivation and reported bouts of heart-racing anxiety, psychiatrist Dr. Jennifer Tufts told jurors. But she said Clancy gave no indication

Marcos orders Quiaoit River dredging, funding for diversion channels in Ilocos Norte to prevent flooding

MANILA, Philippines — President Ferdinand Marcos Jr. has ordered round-the-clock dredging operations along the Quiaoit River and the funding of two diversion channels to protect residents of Ilocos Norte from recurring floods, Public Works Secretary Vince Dizon said on Saturday. Dizon told The Manila Times that the Chief Executive issued the directives following the severe flooding that hit the municipalities of Paoay and Batac during the onslaught of Typhoon ‘Kiyapo,’ stressin

US stocks jump as employers unexpectedly cut 23,000 jobs, raising hopes that rate hikes can wait

NEW YORK — Stocks rose on Wall Street Friday and Treasury yields fell after the government reported that employers unexpectedly cut 23,000 jobs last month. Every major index notched a second straight week of gains, which included several fresh records. It marks a strong start to August following several weak months. The S&P 500 rose 47.68 points, or 0.6%, to 7,757.64. That topped the all-time high it set on Tuesday. The benchmark index has been on a record run throughout the year. The Dow

Monsoon rains flood parts of Metro Manila, affect other provinces in Luzon, Visayas

MANILA, Philippines — Monsoon rains flooded parts of Metro Manila on Saturday, the Metropolitan Manila Development Authority (MMDA) said. As of 11:12 a.m., the MMDA said the following areas were flooded: Quezon City: EDSA-Oliveros northbound D. Tuazon cor. Maria Clara Street Aurora Boulevard cor. Betty Go-Belmonte Araneta Ave. cor. Baloy Quezon Ave. cor. D. Tuazon Biak na Bato cor. Quezon Ave. E. Rodriguez, Sr. Ave.-Araneta Ave. northbound EDSA Monte de Piedad southbound Makati City: EDSA

Eala outlasts McNally in another 3-setter to enter 4th round in Toronto

MANILA, Philippines — Digging deep after hurting her right foot in the second set, Alex Eala survived another 3-setter in Toronto, defeating Caty McNally 6-3, 5-7, 6-4 to reach the fourth round (round of 16) of the WTA 1000 National Bank Open at the Sobeys Stadium Centre Court Saturday morning in Manila. Following a service hold by McNally in the ninth game of the decider, the Filipino netter stopped the tough-fighting American by holding serve, capped by a forehand that McNally returned o

A Cup of Fresh Durian Coffee: The New Shu Road Comes to Life

BEIJING, Aug. 8, 2026 /PRNewswire/ -- A news report from China.org.cn on the the New Shu Road: A Cup of Fresh Durian Coffee: The New Shu Road Comes to Life Have you ever seen durian coffee brewed right inside a fresh durian? This one-of-a-kind durian coffee has recently taken young people by storm at the Chengdu International Railway Port. You may be even more surprised to learn these durians were still hanging on the trees just five days ago. Five days later, they "rode" more than 2,000 kilomet

Northlight Wine Collective Acquires Meyer Family Vineyards and Mayhem Wines

Acquisition of acclaimed British Columbia winery and brands establishes the foundation of a new long-term investment platform for premium Canadian wine businesses OAKVILLE, Ontario and OKANAGAN FALLS, British Columbia, Aug. 07, 2026 (GLOBE NEWSWIRE) -- Northlight Wine Collective ("Northlight”) today announced the acquisition of Meyer Family Vineyards and Mayhem Wines, two complementary British Columbia wine brands. The transaction marks Northlight's first winery acquisition and advances its stra

Pure Cycle Corporation Announces Receipt of Notice to Nominate Director Candidates

DENVER, Aug. 07, 2026 (GLOBE NEWSWIRE) -- Pure Cycle Corporation (NASDAQ Capital Market: PCYO) ("Pure Cycle”, "we”, "us” or "our”) today confirmed that it has received notice from Maran Partners Fund, LP, a fund managed by Maran Capital Management, LLC ("Maran”), that it has nominated five individuals to stand for election to the Pure Cycle Board of Directors at the Company’s 2027 Annual Meeting of Shareholders. The Board’s Nominating and Corporate Governance Committee will review the proposed n

Global Uranium Corp. Announces 10:1 Share Consolidation

CALGARY, Alberta, Aug. 07, 2026 (GLOBE NEWSWIRE) -- Global Uranium Corp. (CSE: GURN | OTC: GURFF | FRA: Q3J) (the "Company") announces that its board of directors has approved the consolidation (the "Consolidation") of the Company's issued and outstanding common shares ("Common Shares") on the basis of one (1) post-Consolidation Common Share for every ten (10) pre-Consolidation Common Shares. The Consolidation will become effective at the opening of trading on August 12, 2026. Commencing on that

Stingray to Release its Financial Results for the First Quarter of Fiscal 2027

MONTREAL, Aug. 07, 2026 (GLOBE NEWSWIRE) -- Stingray Group Inc. (TSX: RAY) will release its financial results for the first quarter ended June 30, 2026, on Monday, August 10th, 2026, before the markets open. Management will hold a conference call to discuss the financial results the same day, August 10th, 2026, at 10:00 a.m. Eastern Time. Details of the Conference Call Via the internet at www.corporate.stingray.com Via telephone: (+1) 800-717-1738, Montreal (+1) 514-400-3792, Toronto (+1) 289-51

NevGold Announces Change of Auditor and Continuance to British Columbia

Vancouver, British Columbia, Aug. 07, 2026 (GLOBE NEWSWIRE) -- NevGold Corp. ("NevGold” or the "Company”) (TSXV:NAU) (OTCQX:NAUFF) (Frankfurt:5E50) announces that it has changed its auditor from Smythe LLP (the "Former Auditor") to Manning Elliott LLP (the "Successor Auditor"). The change of auditor occurred at the request of the Former Auditor who have indicated their intent to withdraw from future audits of public companies. The Company's board of directors accepted the resignation of the Form

Northview Residential REIT Reports Q2 2026 Financial Results With Steady Revenue Growth Amid Expense Pressures

NotfordistributiontoU.S.newswireservicesorfordisseminationintheUnited States. CALGARY, Alberta, Aug. 07, 2026 (GLOBE NEWSWIRE) -- Northview Residential REIT ("Northview” or the "REIT”) (NRR.UN - TSX), today announced financial results for the three and six months ended June 30, 2026. Q22026 HIGHLIGHTS FFOperUnit - $0.52 FFO per unit, excluding insurance proceeds, was supported by steady Same Door NOI and interest savings.SteadySameDoorNOI - Same door NOI was $40.9 million as Same Door revenue gr

Penrose Growth Expands Next-Generation Value Creation Platform After Generating More Than $70MM in Incremental Revenue

Operator-led firm combines full-funnel growth execution, AI and technology implementation, outcome guarantees, and performance-aligned economics for residential and commercial service businesses Since 2020, Ariel Construction has earned the trust of commercial clients across New York, Texas, and South Florida with reliable budgets, dependable timelines, and a single point of contact from start to finish.Miami, FLORIDA, Aug. 07, 2026 (GLOBE NEWSWIRE) -- Penrose Growth, a value creation firm focus

Today's Weather, 5 A.M. | Aug. 8, 2026

Zelenskyy arrives in Serbia for first visit since war

BELGRADE, Serbia — President Volodymyr Zelenskyy on Friday began his first official visit to Serbia to discuss security with a rare European country still closely allied with Moscow since Russia's invasion of Ukraine. Welcomed at Belgrade airport by Energy Minister Dubravka Djedovic Handanovic, Zelenskyy had dinner with Serbian counterpart Aleksandar Vucic. "We will discuss expanding economic ties between our countries, relations with the European Union, other areas that can benefit our na

EU tells Meta, TikTok to boost monitoring, fact-checking

BRUSSELS, Belgium — The EU's tech chief called on Meta and TikTok to "act decisively" to stem disinformation at times of crisis, saying the European Commission held talks with both platforms Friday following last week's Ceuta migrant surge. A wave of social media disinformation is believed to have played a large part in the deadly rush of tens of thousands of men, women and children into Spain's north African territory, after a rumor that the Ceuta border was open spread on social media. "

Bugtraq Is Back: The Original Full Disclosure Mailing List Is Live Again

SOPHIA ANTIPOLIS, France, Aug. 07, 2026 (GLOBE NEWSWIRE) -- At DEF CON 34 in Las Vegas, security researcher Jonathan Brossard, known in the community as endrazine, announced the rebirth of the original Bugtraq mailing list. Established in 1993, Bugtraq is the original mailing list where cybersecurity vulnerabilities, mitigations, and cutting-edge techniques have been discussed at scale. With over 120,000 references from the NVD/CVE database, Bugtraq and its associated website securityfocus.com a