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Philippines Business News

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

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Manila Times BusinessAug 19, 2026

Lufax Reports Second Quarter 2026 Financial Results

Represents Key Milestone as Company Executes Plan to Return to a Normal Reporting Cadence SHANGHAI, Aug. 19, 2026 /PRNewswire/ -- Lufax Holding Ltd ("Lufax" or the "Company") (NYSE: LU and HKEX: 6623), a leading financial services enabler for small business owners in China, today announced its unaudited financial results for the second quarter ended June 30, 2026. Second Quarter 2026 & First Half 2026 Financial Highlights Total income was RMB6,227 million (US$918 million) in the second quarter o

Manila Times BusinessAug 19, 2026

ZTO Reports Second Quarter 2026 Unaudited Financial Results

10.5 Billion Parcels Expanded Market Share to 19.9% Adjusted Net Income Increased 50.3% to RMB3.1 Billion SHANGHAI, Aug. 19, 2026 /PRNewswire/ -- ZTO Express (Cayman) Inc. (NYSE: ZTO and SEHK: 2057), a leading and fast-growing express delivery company in China ("ZTO" or the "Company"), today announced its unaudited financial results for the second Quarter ended June 30, 2026[1]. The Company grew parcel volume by 6.5% year over year while maintaining high quality of service and customer satisfact

Manila Times BusinessAug 19, 2026

US expands charges against Iranians in massive hacking scheme

NEW YORK — US authorities expanded its prosecution of a sprawling Iranian hacking network Tuesday, bringing to 17 the number of indicted suspects for an alleged campaign against universities, companies, and government agencies. The Department of Justice unveiled a new indictment targeting eight additional individuals, with nine of the 17 defendants having already been indicted in 2018. Prosecutors are offering a $10 million reward for information leading to the prosecution of five of them,

Manila Times BusinessAug 19, 2026

Purpose Investments Inc. Announces August 2026 Distributions

TORONTO, Aug. 18, 2026 (GLOBE NEWSWIRE) -- Purpose Investments Inc. ("Purpose”) is pleased to announce distributions for the month of August 2026 for its open-end exchange traded funds and closed-end funds ("the Funds”). The ex-distribution date for all Open-End Funds is August 27, 2026. The ex-distribution date for all closed-end funds is August 31, 2026. Open-End FundsTicker SymbolDistribution per share/unitRecord DatePayable DateDistribution FrequencyApple (AAPL) Yield Shares Purpose ETF - ET

Manila Times BusinessAug 19, 2026

Hampton Financial Corporation Issues Stock Options

TORONTO, Aug. 18, 2026 (GLOBE NEWSWIRE) -- Hampton Financial Corporation ("Hampton” or the "Company”) (TSXV:HFC) today announced that it has issued fully vested stock options to purchase up to an aggregate of 3,050,000 subordinate voting shares of the Corporation at the price of $0.35 per share for a ten year term. The stock options are subject to approval of the Company’s amended stock option plan by the TSXV and shareholders of the Company. About Hampton Financial Corporation Hampton is a uniq

Manila Times BusinessAug 19, 2026

Saratoga Investment Corp. Prices Public Offering of $85.0 Million 8.00% Notes Due 2031

NEW YORK, NY, Aug. 18, 2026 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (the "Company”) (NYSE: SAR) today announced that it has priced an underwritten public offering of $85,000,000 in aggregate principal amount of 8.00% unsecured notes due 2031 (the "Notes”). The offering is expected to close on August 26, 2026, subject to customary closing conditions. The Notes will mature on August 31, 2031, and may be redeemed in whole or in part at any time or from time to time at the Company’s option on

Manila Times BusinessAug 19, 2026

Colombia estimates quake damage at $9.6 billion

BOGOTÁ, Colombia — The powerful earthquake that killed hundreds of people in western Colombia caused $9.57 billion in economic losses, President Abelardo de la Espriella said on Tuesday, issuing a preliminary estimate. The 7.4-magnitude tremor, which struck on August 10, was the most powerful in Colombia in nearly half a century. The death toll stands at 289, with a further 4,187 injured and 143 missing. Nearly 27,000 homes were destroyed, leaving many people sleeping in the streets

Manila Times BusinessAug 19, 2026

Meta hooked children and misled public — prosecutors

OAKLAND — Meta knowingly hooked and exploited children, a federal court heard Tuesday in the trial of the social media giant on charges that it deliberately made Instagram and Facebook addictive to young users. In what many experts have called social media's "big tobacco moment," a coalition of states is demanding Meta pay $200 billion in penalties for using technology specifically designed to foster addiction among children in a similar fashion to cigarettes. Meta "exploited how kids' bra

Manila Times BusinessAug 19, 2026

Hong Kong’s First PIC/S GMP-Certified Stem Cell Production Facility Established at Science Park

HKSTP Hosts Showcase Featuring Clinical Progress from 10 Park Companies and Real-Life Patient Stories HONG KONG SAR - Media OutReach Newswire - 31 July 2026 - Hong Kong Science and Technology Parks Corporation (HKSTP) today hosted the HKSTP Cell and Gene Therapy (CGT) Showcase 2026 at the Charles K. Kao Auditorium, Hong Kong Science Park, with support from Invest Hong Kong. The event brought together more than 200 representatives from the healthcare, academic, investment and regulatory sectors,

Manila Times BusinessAug 19, 2026

OTIC Hearing Unveils New Audiological Milestones In Hong Kong: Launching The Award-Winning Oticon Zeal And The Pediatric Oticon Play SI Platforms

HONG KONG SAR - Media OutReach Newswire - 30 July 2026 - OTIC Hearing, the leading hearing care clinical network and sole distributor of Oticon A/S in Hong Kong, has announced the launch of two breakthrough hearing solutions: Oticon Zeal™ and Oticon Play SI™. Developed to mimic natural brain sound processing, these platforms represent a major leap forward in treating hearing loss across all ages. Together, the Oticon Zeal and Oticon Play SI lines bring the next evolution of BrainHearing™ technol

Manila Times BusinessAug 19, 2026

Angelique Kidjo immortalized on Hollywood Walk of Fame

LOS ANGELES, United States — Five-time Grammy winner Angelique Kidjo on Tuesday became the first Black African to be honored with a star on the Hollywood Walk of Fame. In a glitzy ceremony under palm trees and picture-perfect California skies, Kidjo was feted by film stars and music industry titans as she unveiled the star on the busy thoroughfare. "We Africans don't know what we've given to the world," the 66-year-old said. "Without us, there's no music possible on this planet." After off

Manila Times BusinessAug 19, 2026

MARTEN TRANSPORT DECLARES QUARTERLY DIVIDEND

MONDOVI, Wis., Aug. 18, 2026 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.06 per share of common stock. The dividend will be payable on September 30, 2026 to stockholders of record at the close of business on September 16, 2026. This is Marten’s 65th consecutive quarterly cash dividend. With the payment of this dividend, Marten will have paid a total of $285.9 million in cash dividends

Manila Times BusinessAug 19, 2026

JR Wealth Management Launches New Reputation Protection and Strategic Response Service

New service helps professionals and businesses assess, protect and rebuild their most valuable asset - their reputation. NEW YORK, Aug. 18, 2026 (GLOBE NEWSWIRE) -- In an era where a digital footprint often precedes a physical introduction, JR Wealth Management (JRWM) has launched a new service focused on helping individuals, professionals and businesses respond strategically when their reputations come under attack online. The new offering expands JR Wealth Management’s traditional focus on wea

Manila Times BusinessAug 19, 2026

Cosan S.A. Announces Material Fact

SÃO PAULO, Aug. 18, 2026 (GLOBE NEWSWIRE) -- COSAN S.A. (B3: CSAN3; NYSE: CSAN) ("Cosan” or "Company”), in compliance with the provisions of article 157, paragraph 4, of Law No. 6404/76, and Resolution 44/21 of the Brazilian Securities Commission (Comissão de Valores Mobiliários - CVM), and in continuation of the Material Fact disclosed on August 14, 2026, hereby informs its shareholders and the market in general that it has formally notified the New York Stock Exchange ("NYSE”) of its intention

Manila Times BusinessAug 19, 2026

NASA images reveal crater left by SpaceX rocket's Moon crash

WASHINGTON, United States — NASA on Tuesday released new images of the crater caused by a SpaceX rocket slamming into the Moon earlier this month. The photographs were captured by the Lunar Reconnaissance Orbiter (LRO) between August 11 and 12, and show the impact formed by a SpaceX Falcon 9 upper stage striking the Moon's surface on August 5. Scientists from the US space agency determined the crater was 60-feet-wide (18 meters), and less than 10 feet deep, based on the length of its shado

Manila Times BusinessAug 19, 2026

Minnesota attorney general sues Texas governor to compel extradition of ICE agent for trial

ST. PAUL — Minnesota's attorney general sued the governor of Texas on Tuesday, seeking to compel the extradition of an Immigration and Customs Enforcement agent charged with wounding a man and then lying to justify the shooting during the agency's crackdown in Minneapolis. Attorney General Keith Ellison is asking a federal judge to bar the sheriff in Cameron County, Texas, from releasing ICE agent Christian Castro, and to order Texas Gov. Greg Abbott to sign his extradition warrant so that

Manila Times BusinessAug 19, 2026

Frank Beard, Rock & Roll Hall of Fame drummer of boogie-rock trio ZZ Top, dies at 77

NEW YORK — Frank Beard, the drummer for the Texas boogie-rock trio ZZ Top who kept the tempo for the band’s biggest hits like “Sharp Dressed Man,” “Legs” and “Gimme All Your Lovin,’” has died. He was 77. Beard was in hospice care when he died Tuesday at his ranch in Richmond, Texas, with family members at his side, according to publicist Bob Merlis. Band co-founder and guitarist Billy Gibbons, on tour with bassist Elwood Francis, hailed Beard

Manila Times BusinessAug 19, 2026

Psyence BioMed Welcomes U.S. Administration’s Latest Action to Accelerate Ibogaine Development

Company says growing federal commitment to ibogaine aligns directly with the pharmaceutical development and manufacturing platform Psyence BioMed has built NEW YORK, Aug. 18, 2026 (GLOBE NEWSWIRE) -- Psyence BioMed Ltd. (Nasdaq: PBM) ("Psyence BioMed” or the "Company”), a biopharmaceutical company focused on the development and supply of nature-derived psychedelic compounds for clinical research and therapeutic applications, today welcomed President Donald J. Trump’s latest announcement supporti

BusinessWorldAug 19, 2026

DoF open to scrapping some taxes

THE Department of Finance (DoF) is open to proposals to reduce or repeal some taxes, including the value-added tax (VAT), provided the resulting revenue losses are offset by alternative sources, Finance Secretary Frederick D. Go said.

BusinessWorldAug 19, 2026

AI seen as ‘significant but manageable’ threat to Philippine BPO industry

ARTIFICIAL INTELLIGENCE (AI) could slow employment growth in the Philippine business process outsourcing (BPO) industry, as companies automate routine tasks and hire fewer entry-level workers, experts said.

BusinessWorldAug 19, 2026

Cash remittances may post slowest growth since pandemic this year

CASH REMITTANCES could post its slowest growth since the pandemic this year as overseas Filipino workers (OFWs) are affected by heightened geopolitical risks arising from the Middle East war, Maybank Investment Bank said.

BusinessWorldAug 19, 2026

Inflation to remain above BSP target amid looming El Niño, rising commodity costs

INFLATION in the Philippines is expected to remain elevated through the rest of 2026 as rising global commodity prices, supply disruptions linked to the Middle East war, weather-related risks and domestic production constraints continue to push up costs, according to a discussion paper by the Congressional Policy and Budget Research Department (CPBRD).

BusinessWorldAug 19, 2026

AREIT eyes year-end approval for P17.3-B Ayala asset swap

AREIT, Inc. expects to secure Securities and Exchange Commission (SEC) approval by the end of 2026 for its proposed P17.33-billion property-for-share swap with Ayala Land, Inc. (ALI) and its subsidiaries. The real estate investment trust said in a disclosure on Tuesday that it plans to execute the deed of exchange and file its application with […]

BusinessWorldAug 19, 2026

Shell Pilipinas to open first Visayas import terminal in Cebu by yearend

SHELL PILIPINAS Corp. (SPC) expects to commission its first import terminal in the Visayas in Cebu by yearend, an official said. SPC Chief Financial Officer Reynaldo P. Abilo said the facility will be the company’s fifth import terminal in the Philippines and is expected to provide a competitive advantage and growth opportunities. “Having that import […]

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