Philippines Business News

Greenhouse and hipages Group Win the 2026 TIARA Long-Term Partnership Award

A decade-long collaboration between the hiring platform and the Australian online tradie marketplace has driven a 38% reduction in time-to-fill and $2.8M AUD in agency savings SYDNEY, June 29, 2026 /PRNewswire/ -- Greenhouse, the leading hiring platform, announced it has been named the winner of the 2026 TIARA Talent Acquisition & Talent Tech Awards (ANZ)'s Long-Term Partnership Award with customer hipages Group, Australia and New Zealand's top platform connecting homeowners with trusted tradies

GCash parent Mynt bound for stock market with P92.3-B IPO

GCash parent Mynt Inc. is planning an IPO that could raise up to P92.3 billion.

If AI Is Such a Sure Thing, Why Are So Many Insiders Selling?

A former CIA and Pentagon advisor examines the widening gap between what AI insiders say in public and what they're doing with their own money. Baltimore, MD, June 28, 2026 (GLOBE NEWSWIRE) -- Artificial intelligence has become one of the most popular investment stories in modern market history. New records are being set. Valuations continue climbing. Analysts regularly discuss AI's potential to transform the global economy. Yet according to financial researcher Jim Rickards, another trend deser

Temu joins Australian Product Safety Pledge to strengthen online marketplace safety

SYDNEY, June 29, 2026 /PRNewswire/ -- Temu has signed up to a voluntary pledge administered by the Australian Competition and Consumer Commission (ACCC) to strengthen product safety measures beyond current legal requirements. The updated Product Safety Pledge sets out 15 commitments-up from 12 under the original framework launched in 2020-aimed at strengthening product safety practices across online marketplaces in response to the growing number of Australians shopping online. As part of the ple

HOFSETH BIOCARE ASA: PRIVATE PLACEMENT SUCCESSFULLY PLACED

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OR ANOTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN. Reference is made to the stock exchange announcement from Hofseth BioCare ASA ("HBC" or the "Company") published on 26 June 2026 regarding a private placement (the "Private Place

Today's Weather, 5 A.M. | Jun. 29, 2026

Sunaofe Announces Pre-Order for the Atlas Ergonomic Office Chair: Redefining Premium Workspace Support

The direct-to-consumer brand introduces its highly anticipated flagship chair with auto-tracking lumbar technology, now available for exclusive early reservation. LOS ANGELES, June 29, 2026 /PRNewswire/ -- Sunaofe, backed by global workspace leader SUNON and a rapidly growing direct-to-consumer (DTC) office furniture brand, today announced the upcoming release and official pre-order launch of its flagship product: the Sunaofe Atlas Ergonomic Office Chair. Engineered to combat the growing epidemi

BridgeBio Announces Publication in the New England Journal of Medicine of Phase 3 PROPEL 3 Trial of Oral Infigratinib in Children Living with Achondroplasia

- Phase 3 PROPEL 3 data published today in NEJM were simultaneously presented at ICCBH in a late-breaking oral presentation; presentation includes new arm span Z-score data showing a statistically significant improvement versus placebo (LS mean +0.37 SD; p - This is the first and only Phase 3 data for an achondroplasia clinical study published in The New England Journal of Medicine (NEJM), marking BridgeBio’s second NEJM publication in achondroplasia and fourth NEJM publication overall in the la

Msheireb Properties CEO wins two 'Real Estate CEO of the Year' awards in the GCC and Asia Pacific regions

Msheireb Properties Recognised for Sustainability and Strategic Collaboration At the Gulf Business Real Estate Awards, Msheireb Properties was named Smart and Sustainable Developer of the Year, recognising its pioneering approach to environmentally responsible development and integrated smart city infrastructure. At the Real Estate Asia Awards, Msheireb Properties received the Strategic Partnership of the Year award for Engineering a Legacy: The Msheireb Properties and Cundall Strategic ESG Alli

AiraBreeze Announces Entry into the Portable Cooling Products Industry with Introduction of Its First Consumer Cooling Solution

Learn about AiraBreeze, including its latest company news, product developments, business updates, and official announcements. AiraBreeze AiraBreeze London, UK, June 28, 2026 (GLOBE NEWSWIRE) -- AiraBreeze today announced its entry into the portable cooling products industry through the introduction of its first consumer cooling solution following the completion of its initial product development phase. The announcement marks the company's transition from product design and development into comm

JellyFil Announces Entry into the Men's Wellness Supplement Category with First Product Launch

Learn about JellyFil, including its latest company news, product developments, business updates, and official announcements. JellyFil JellyFil LARGO, FL, June 28, 2026 (GLOBE NEWSWIRE) -- JellyFil, a company established in 2026, today announced its entry into the men's wellness supplement category with the introduction of its first product, JellyFil. The launch marks the company's transition into commercial operations following its initial development phase and establishes its presence within th

Yap defends Asia-Oceania Sambo crown as PH bags three golds on home soil

MANILA, Philippines — Agnes Yap successfully defended her title in the 2026 Asia-Oceania Sambo Championships, leading the Philippines’ three-gold haul in front of the home crowd. Yap edged Kazakhstan’s Zamzagul Faizollanova, 1-0, in the women’s -80-kilogram combat sambo final to capture her second straight championship in the tournament. The victory carried extra meaning for the Filipino grappler as it came with the Philippines hosting the continental meet. “I am so

AirZuma Portable AC Announces Entry into the Portable Cooling Products Industry

AirZuma Portable AC announces its entry into the portable cooling products industry with the introduction of its first consumer product for personal indoor environments. AirZuma AirZuma New York City, NY, June 28, 2026 (GLOBE NEWSWIRE) -- AirZuma Portable AC today announced its entry into the portable cooling products industry with the introduction of its first consumer product following the completion of its initial development phase. The announcement marks the company's transition from product

Impeach trial could drag for 7 months

(UPDATE) SENATE President Sherwin Gatchalian on Sunday said the senators are finding ways to speed up the impeachment trial of Vice President Sara Duterte, which he anticipates could stretch until February 2027. The Senate, sitting as the Impeachment Court, will start the trial on July 7. Gatchalian said the Senate could take seven or eight months because the chamber has also key legislative measures to tackle, including the proposed 2027 national budget. The Senate also plans to schedule hearin

World’s First AGI ‘Smart City’ Clinical Trial Opens Waiting List This Monday (Veterans First for America)

RICHMOND, Va, June 28, 2026 (GLOBE NEWSWIRE) -- This week, AI Wat QAIAx (pronounced "Ki-ya-ex”) AI City Hall Project officially launched as the world’s first federally registered clinical trial involving an Artificial General Intelligence (AGI) ‘smart city’ structure. Published as "QAIAx” at the NIH’s National Library of Medicine (PSR-NCT07661823), the study allows humans to co-exist with humanoid robots and quantum AI systems managing daily public administration inside dome-enclosed communities

Govt targets rebound under lower growth goals

THE government is aiming for a growth rebound beginning next year under downwardly revised targets adopted amid continued global and domestic uncertainties. “The current macroeconomic conditions and geopolitical developments have increasingly undermined the credibility and relevance of the growth targets and fiscal projections,” Acting Budget Secretary Kim Robert de Leon said in a national budget memorandum issued on Friday. The interagency Development Budget Coordination Committee (

Senate starts school shooting probe on Wednesday

MANILA, Philippines — Two Senate committees will start this week the investigation on the Tacloban school shooting incident as some sectors sought to further amend the juvenile justice law. Sen. Risa Hontiveros, chairman of the Senate Committee on Women, Children, Family Relations, and Gender Equality, said she will hold the inquiry on July 1. The senator aims to determine the circumstances that led to the shooting incident at San Jose National High School that led to the death of three st

1,400 dead, 50,000 missing in Venezuela

LA GUAIRA, Venezuela — Rescue crews raced Saturday to find survivors in the rubble of Venezuela’s powerful earthquakes as the death toll reached 1,430 and hopes dwindled more than three days after the earth roared and rumbled. Tens of thousands of people were reported missing as collapsed buildings dotted cities in a country already enduring an economic crisis and political upheaval after US special forces captured authoritarian leader Nicolas Maduro in January. Millions of people we

External gap to widen as global risks increase

THE country’s external position is expected to remain under pressure through 2027, with the Bangko Sentral ng Pilipinas (BSP) projecting a wider balance of payments (BOP) deficit amid elevated global risks, higher oil prices and structural constraints. “[C]ost-driven trade imbalances and tighter financial conditions continue to shape both current account and financing dynamics,” the central bank said in explaining the outlook in a statement issued late on Friday. Revised projec

GS rates to track secondary mart

YIELDS on government securities (GS) to be auctioned off this week may end mixed, tracking secondary market movements as rocky talks between the United States and Iran stoked fresh volatility. On Monday, the Bureau of the Treasury (BTr) will offer up to P90 billion in short-term securities. Broken down, it will sell P30 billion in […]

Peso to stay at P61 level as war continues

THE PESO may continue to move sideways against the dollar this week as players remain cautious over developments in the Middle East, with prospects of an end to the four-month war still dim. On Friday, the local unit closed at P61.29 per dollar, unchanged from the previous day’s close. Week on week, the peso fell […]

BSP securities’ average rate rises despite strong demand

THE SHORT-TERM bills of the Bangko Sentral ng Pilipinas (BSP) fetched a higher average yield on Friday even as demand continued to increase. Tenders for the 28-day BSP bills reached P85.659 billion, almost triple the P30 billion placed on the auction block and higher than the P70.215 billion in tenders for the same offer volume […]

Debt yields end mixed on fragile US-Iran peace deal

YIELDS on government securities (GS) were mixed last week on continued uncertainty over ongoing negotiations to end the conflict between the United States and Iran, and as US inflation data fueled rate hike speculations. GS yields edged up by an average of 0.36 basis point (bp) week on week, according to PHP Bloomberg Valuation Service […]

AboitizPower retains lead in power generation market

Aboitiz Power Corp. remains the country’s leading power generation company, with its market share edging close to the limit set by the Energy Regulatory Commission.