Philippines Business News

LPA still likely to develop into storm Henry; rainfall warning up over six areas — PAGASA

Heavy rainfall warning is in effect over six areas due to a low pressure area (LPA), which remains likely to develop into a tropical cyclone, according to the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) on Tuesday. The LPA was last located over the coastal waters of Romblon, Romblon, PAGASA said in its 10 […]

Wolfe sees higher memory prices adding to U.S. inflation pressures

[Vantage Point] CBK: The battle for Luzon’s battery

Even before the Aboitizes came, CBK was the focus of what was potentially the most fiercely contested infrastructure project in modern Philippine history

BlackRock turns cautious on emerging markets, upgrades euro bonds

No high-level U.S.-Iran meeting ahead as Witkoff travels to Doha, Qatar says

Japan’s Takaichi pushes to overhaul budget process to boost growth

Philippines’ trade deficit widens to $5.5 billion in May

The Philippines’ trade deficit widened to $5.48 billion in May from a year ago, as imports grew faster than exports, preliminary data from the statistics agency showed. Data from the Philippine Statistics Authority (PSA) on Tuesday showed the country’s trade in goods deficit ballooned by 50.5% to $5.48 billion in May from $3.64 billion in […]

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Orqa and Remote Robotic Systems Launch $150M Partnership to Build Canadian Sovereign Capability in Drones, AI, and Counter-UAS Systems

Canada becomes the first non-EU country to join the EU's Security Action For Europe 'SAFE' initiativeEstimated to create 100 new high value tech jobs Target of 10,000 systems per month by 2029TORONTO, June 30, 2026 /PRNewswire/ -- Remote Robotic Systems (RRS) Inc. and Orqa d.o.o. are delighted to announce the signing of an exclusive partnership agreement to expand production of Orqa systems and components in Canada, with the goal of supplying both domestic and export markets. The agreement was s

BMO to Acquire Australia-Based Capital Markets Business of Euroz Hartleys Group, Strengthening Global Metals & Mining Leadership

Combines BMO's market-leading global metals and mining franchise with premier Australian distribution platform, strengthening BMO's position as the leading global metals and mining investment bankEnhances BMO's integrated global platform connecting clients to capital, investors and opportunities across North America, Europe and AustraliaTORONTO and PERTH, June 30, 2026 /PRNewswire/ -- BMO Financial Group (TSX: BMO) (NYSE: BMO) today announced it has entered into a definitive agreement to acquire

FDA Approves Arcutis’ ZORYVE® (roflumilast) Cream 0.3% for the Treatment of Plaque Psoriasis in Children as Young as Age 2

ZORYVE cream 0.3% is the first once-daily, non-steroidal therapy approved for children with plaque psoriasis as young as 2 years of ageZORYVE cream 0.3% is safe, effective, and well-tolerated for use anywhere on the body with no restrictions on duration of useSeventh FDA approval for ZORYVE in four years WESTLAKE VILLAGE, Calif., June 29, 2026 (GLOBE NEWSWIRE) -- Arcutis Biotherapeutics, Inc. (Nasdaq: ARQT), a commercial-stage biopharmaceutical company focused on developing meaningful innovation

Plum Acquisition Corp. IV Announces Postponement of Extraordinary General Meeting of Shareholders

NEW YORK, NY, June 29, 2026 (GLOBE NEWSWIRE) -- Plum Acquisition Corp. IV (Nasdaq: PLMK) (the "Company”) today announced that its extraordinary general meeting of shareholders (the "Shareholder Meeting”), originally scheduled to be held on July 2, 2026, will be postponed to July 10, 2026, at 9:00 a.m., Eastern Time, to allow additional time for the Company to engage with shareholders. As a result of the postponement of the Shareholder Meeting, the Company has extended the deadline for delivery o

FEMSA Schedules Conference Call to Discuss Second Quarter Financial Results

MONTERREY, Mexico, June 29, 2026 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. ("FEMSA” or the "Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) is pleased to invite you to participate in its Second Quarter Conference Call that will be held on: Tuesday, July 28, 2026 11:00 AM Eastern Time (9:00 AM Mexico City Time) To participate in the conference call please register at the following link: Registration: FEMSA Conference Call | 2Q26 The quarterly results will be released on July 28

LPA set to become a tropical depression, to hit Southern Luzon, Visayas

MANILA, Philippines — The state-run weather agency reiterated on Tuesday that the low pressure area (LPA) off Masbate has a big chance to intensify into a tropical cyclone anytime of the day and is forecast to hit Southern Luzon and the Visayas. Weather specialist Chenel Dominguez of Philippine Atmospheric, Geophysical and Astronomical Services Administration (Pagasa) chief, said the LPA was estimated to be over the coastal waters of San Pascual, Masbate. Once it develops into a tropical d

Abrielle Toronto Honoured with Wine Spectator’s 2026 Award of Excellence for Thoughtfully Curated, Female-Led Wine Program

International recognition celebrates Abrielle's award-winning wine list and commitment to women-led producers TORONTO, June 29, 2026 (GLOBE NEWSWIRE) -- Abrielle is proud to announce it has been recognized with Wine Spectator’s 2026 Award of Excellence, an honour awarded to restaurants whose wine programs demonstrate quality, balance, and a thoughtful connection to their culinary identity. Presented annually by Wine Spectator, the Award of Excellence recognizes restaurants with well-curated wine

OceanFirst Financial Corp. Completes Previously Announced Sale of $1.3 Billion of New York City Multifamily Loans

RED BANK, N.J., June 29, 2026 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ: "OCFC”) ("OceanFirst”), the holding company for OceanFirst Bank N.A. (the "Bank”), today announced that the Bank has completed the previously announced sale of $1.3 billion of multifamily loans. The portfolio is largely in the New York City metropolitan area, and the majority is subject to NYC rent regulations. "The transaction has enabled us to rebalance our Commercial Real Estate and Multifamily exposure whil

FTI Consulting Strengthens Mining Capabilities in Australia With Appointment of Dean Felton

Mining Sector Veteran Joins FTI Consulting to Expand Australia Capabilities and Drive Operational and Digital Transformation Across the Global Mining Sector SYDNEY, June 29, 2026 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Dean Felton as a Senior Managing Director in the Transformation - Mining practice within the firm’s Corporate Finance segment in Australia. Mr. Felton, who is based in Perth, joins FTI Consulting with more than 30 years of experience

Twentyeight Health partners with Clue to expand access to affordable birth control nationwide

Bridging the gap between daily cycle tracking and provider-led contraceptive care for personalized reproductive health NEW YORK, June 29, 2026 (GLOBE NEWSWIRE) -- Twentyeight Health, the leading women's telehealth platform, today announced a partnership with Clue, the science-backed menstrual and reproductive health app trusted by millions worldwide. Through this partnership, US-based Clue users can seamlessly access personalized and affordable birth control counseling from Twentyeight Health's

Unidentified rally group occupies EDSA area, MMDA closes White Plains amid traffic disruption

MANILA, Philippines — An unidentified group of around 500 rallyists in about 30 vehicles occupied portions of EDSA and White Plains Avenue early Tuesday, prompting the Metropolitan Manila Development Authority (MMDA) to temporarily close roads and manage traffic in the area. According to the MMDA, the group marched from EDSA-Corinthian northbound to EDSA-White Plains northbound at around 3:48 a.m. Police were deployed to maintain peace and order, while MMDA personnel managed traffic. White

OpenPayd Announces Filing of Registration Statement on Form F-4 in Connection with its Proposed Business Combination with Titan Acquisition Corp. (Nasdaq: TACH).

Transaction expected to result in OpenPayd becoming a Nasdaq-listed public company under the ticker symbol "OP”. Combined company expected to have an implied pro forma equity value exceeding $1 billion, with up to approximately $276 million in gross proceeds available from Titan’s trust account, assuming no redemptions by Titan public shareholders. LONDON and NEW YORK, June 29, 2026 (GLOBE NEWSWIRE) -- OpenPayd Global Holdings Limited ("PubCo”), OpenPayd Holdings Limited ("OpenPayd” or the "Comp

SCOTUS Tracks NCLA Arguments to Place Guardrails on Government’s Sweeping Surveillance Scheme

Okello T. Chatrie v. United States Washington, D.C., June 29, 2026 (GLOBE NEWSWIRE) -- Agreeing with arguments the New Civil Liberties Alliance made in its amicus curiaebrief, the U.S. Supreme Court ruled today in Chatrie v. U.S. that the government’s collection of location data via geofences is a "search” under the Fourth Amendment. Geofencing uses the location history of your cell phone or other digital devices to determine when you entered or left a specific area surrounded by virtual "fences

EDSA-White Plains closed to traffic due to large gathering

MANILA, Philippines — Authorities have closed both directions of EDSA-White Plains to motorists because of a large gathering near the EDSA People Power Monument. It remains unclear who the participants are or what they are protesting. This is a developing story

Ionic Digital Releases Updated Resources for Legacy Shareholders Ahead of Proposed Direct Listing

WASHINGTON, June 29, 2026 (GLOBE NEWSWIRE) -- Ionic Digital Inc. ("Ionic Digital” or the "Company”), a digital infrastructure company supporting the expanding needs of AI and high-performance computing (HPC), today announced it has publicly filed its Form S-1 registration statement with the U.S. Securities and Exchange Commission (the "SEC”) in preparation for a proposed listing on the Nasdaq Global Select Market. In advance of the proposed listing, Ionic Digital encourages legacy shareholders t