Philippines Business News

Purple Heart Homes Launches Historic National Mall Veteran Home Build During America's 250th Anniversary

STATESVILLE, N.C., Aug. 17, 2026 (GLOBE NEWSWIRE) -- Purple Heart Homes (PHH), the veteran-founded nonprofit that has completed more than 1,800 projects for veterans nationwide, today announced the National Mall Veteran Home Build, a first-of-its-kind public construction event taking place Sept. 27 to Oct. 5 on the National Mall in Washington, D.C., as part of America's 250th anniversary celebration. Over seven days, in full public view, PHH will construct a fully accessible modular home before

Unilog.SC CEO Osi Tagger Earns 2026 Women in Supply Chain Award by Supply & Demand Chain Executive

Recognition highlights Tagger's leadership in scaling Unilog.SC into a global 4PL orchestration provider built on empowerment-driven management and deep customer partnership LYNBROOK, N.Y., Aug. 17, 2026 (GLOBE NEWSWIRE) -- Unilog.SC, a global supply chain orchestration and execution company, today announced that CEO Osi Tagger has been named a winner in the Trailblazers category of Supply & Demand Chain Executive's (SDCE) 2026 Women in Supply Chain Awards, The Trailblazers category recognizes f

Federal Home Loan Bank of Indianapolis opens Disaster Relief Program with $1 million in funds in response to Indiana state and federal disaster declarations

INDIANAPOLIS, Aug. 17, 2026 (GLOBE NEWSWIRE) -- Today, the Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis or Bank) announced the opening of the Disaster Relief Program with $1 million in available funding in response to state and federal disaster declarations following recent severe weather events across Indiana. FHLBank Indianapolis’s Disaster Relief Program (Disaster Relief) assists with recovery efforts related to severe storms and flooding that began on Aug. 11, 2026. Disaster

Zealand Pharma - Transactions related to share buy-back program (week 33, 2026)

Company announcement No. 40 / 2026 Zealand Pharma - Transactions related to share buy-back program (week 33, 2026) Copenhagen, Denmark, August 17, 2026 - Zealand Pharma A/S ("the Company" or "Zealand Pharma”) (Nasdaq: ZEAL) (CVR-no. 20045078), a biotechnology company transforming the future of metabolic health, today reports transactions related to its share buy-back program (the "Program”) for week 33 (August 10 - August 14, 2026). The Program is carried out in accordance with Article 5 of Regu

Baltic Horizon Fund publishes its NAV for July 2026

The net asset value (NAV) per unit of the Baltic Horizon Fund (the Fund) increased to EUR 0.4059 at the end of July 2026 (0.4039 as of 30 June 2026). The month-end total net asset value of the Fund increased to EUR 92.0 million (EUR 91.5 million as of 30 June 2026). In July 2026, the Fund generated consolidated net rental income of EUR 1.1 million (EUR 1.1 million in June 2026). At the end of July 2026, the Fund’s consolidated cash and cash equivalents amounted to EUR 8.0 million (30 June 2026:

Diesel prices set to rise by nearly P4 per liter

DIESEL PRICES are set to rise by about P3.84 per liter due to continued uncertainty about the on-again, off-again fighting in the Persian Gulf, according to the Department of Energy (DoE), which sets guide prices under its emergency powers. In an advisory on Monday, the DoE said gasoline prices are set to increase by P2.49 […]

Gov’t releasing funds faster for ‘appropriate’ projects — Palace

THE GOVERNMENT is releasing infrastructure funds more rapidly for “appropriate” projects as it seeks to balance the need to support growth while deterring corruption, Malacañang said on Monday. Palace Press Officer Clarissa A. Castro said the Department of Budget and Management (DBM) is leading efforts to meet the two objectives to make up for delayed […]

Ways and Means panel chairman seeks 2-year property valuation reform freeze

A SENIOR legislator proposed a two-year suspension of key provisions of the Real Property Valuation and Assessment Reform Act (RPVARA), citing the need to shield taxpayers from rising taxes, fees and other government charges. In a statement, House Ways and Means Committee Chairman and Marikina Rep. Romero “Miro” S. Quimbo said that House Bill No. […]

BYD Auto accelerating Philippine growth plans

BYD AUTO Co., Ltd. said it is accelerating its growth timeline in the Philippines, driven by strong demand for energy-efficient mobility. “The Philippines has become one of the most exciting and promising markets for new-energy vehicles in the region,” BYD Auto Co., Ltd. Chairman and President Wang Chuanfu said in a statement on Monday. “We are […]

National ube organization registers with SEC — DA

THE Department of Agriculture (DA) said the United Ube PH Association, Inc. has registered with the Securities and Exchange Commission (SEC) as a non-stock, non-profit organization dedicated to protecting the interests of the ube (purple yam) in domestic and international markets. The organization includes farmers, cooperatives, growers, processors, traders, exporters, researchers, academia, government agencies, and […]

Zamboanga electric co-op system loss falls to 13%

THE National Electrification Administration (NEA) said electric cooperatives (ECs) are moving to reduce system losses following a round of investments, citing improvements in Zamboanga City Electric Cooperative, Inc. (ZAMCELCO). NEA Administrator Antonio Mariano C. Almeda said some ECs posted significant reduction in their system loss levels, including ZAMCELCO. The electric cooperative reported that its system […]

New tax-exempt threshold: Tax relief or inflation adjustment?

During his fifth State of the Nation Address (SONA) on July 27, 2026, President Ferdinand Marcos, Jr. proposed increasing the annual personal income tax exemption threshold from P250,000 to P350,000. The proposal was touted as a form of tax relief intended to help workers cope with rising living costs and allow them to retain a […]

Pax Silica not in proposed 2027 budget as economic managers say nothing final yet

If it pushes through, Pax Silica's lease income is expected to 'far outweigh' the costs of managing the proposed New Clark City hub, according to Finance Secretary Frederick Go

Fuel prices seen to jump by up to P5.01 per liter

The rollback relief is ending as prices seen to surge by up at least P2.49 per liter.

Fed policy stance keeps Treasury yields high, says Citadel Securities

Water Purifier Rental in Pune Moves Toward Service Specialists like Rentomojo in 2026 - ₹417/Month In-House Units Backed by 1,688 Technicians and Six-Month Free Filter Replacement

Rentomojo installs, services and repairs its own RO, RO+UV and alkaline units in Pune through a directly employed field team rather than third-party contractors, with installation completed in around two days and repair cover running the length of the subscription. Water Purifier Rental in Pune Moves Toward Service Specialists like Rentomojo in 2026 Rent Water Purifier in Pune - RO, UV & Alkaline OptionsRentomojo's water purifier on rent in Pune is available in RO, UV, and RO+UV filtration model

Senate suspends work Monday

MANILA, Philippines — The Senate suspended its work starting at 4 p.m, Monday, amid continued heavy rains associated with the southwest monsoon or habagat. In an advisory, Senate Secretary Renato Bantug said Senate President Sherwin Gatchalian ordered the suspension of work in view of Memorandum Circular No. 127 issued by the Office of the President and the red rainfall warning issued for Metro Manila. "Senate President Sherwin Gatchalian has authorized employees to leave the office beginn

Marikina suspends Tuesday F2F, online classes; river reaches 2nd alarm

MANILA, Philippines — Marikina suspended Tuesday's face-to-face (F2F) and online classes as rain. "Because the Marikina River already reached the 1ST ALARM (15 meters) as of 12:40PM, FACE-TO-FACE and ONLINE CLASSES at ALL LEVELS in public and private schools in the City of Marikina are SUSPENDED TOMORROW, August 18, 2026," Mayor Maan Teodoro said on Facebook. The river's water level reached 16.8 meters at 2:52 p.m., the city's Public Information Office said on Facebook.

CoolFly Launches Urban Standing-Position Personal Aircraft

The launch also featured the Dream series, the proprietary NA80 flight control system, new strategic partnerships, and live flight demonstrations in Hangzhou. LAS VEGAS, Aug. 17, 2026 /PRNewswire/ -- CoolFly, a developer of personal electric aircraft and eVTOL platforms, officially launched Urban, its standing-position personal aircraft, during the CoolFly Global Product Launch held on Aug. 13 in Hangzhou, China. Under the theme "This Time, It Really Flies," the event also introduced the Dream s

MALAYSIA'S PATIENT CARE MODEL PRESENTED TO INTERNATIONAL HEALTH AUTHORITIES IN BEIJING

BEIJING, Aug. 17, 2026 /PRNewswire/ -- Malaysia Healthcare Travel Council (MHTC) was invited by the International Health Exchange and Cooperation Center (IHECC), an institution under the National Health Commission of the People's Republic of China, to speak at the Seminar on High-Quality Development of International Medical Services and the 8th Belt and Road Medical Assistance Conference (MASSCON 2026). This marks the first time Malaysia has been invited to participate as a speaker at this prest

ABS-CBN revenue drops 17% as H1 loss widens to P1.83B

ABS-CBN is looking to BINI and films for lift after P1.83-billion H1 loss.

ABS-CBN is now 84% content — and still losing money. Can P6 billion fix it?

Six years after losing its franchise, ABS-CBN still hasn’t found its way back to profit. Now, a P6-billion infusion of fresh capital could help change its fortunes.

𝐁𝐅𝐀𝐑 𝐭𝐮𝐫𝐧𝐬 𝐨𝐯𝐞𝐫 𝐟𝐢𝐬𝐡𝐢𝐧𝐠 𝐛𝐨𝐚𝐭, 𝐥𝐢𝐯𝐞𝐥𝐢𝐡𝐨𝐨𝐝 𝐚𝐬𝐬𝐢𝐬𝐭𝐚𝐧𝐜𝐞 𝐭𝐨 𝐈𝐥𝐨𝐜𝐨𝐬 𝐍𝐨𝐫𝐭𝐞

More than 100 fisherfolk witnessed the turnover of a 62-footer Fiberglass Reinforced Plastic (FRP) handline fishing boat and livelihood assistance led by the Bureau of Fisheries and Aquatic Resources (BFAR) Region 1 on Aug. 13, 2026 at Badoc, Ilocos Norte. ‎BFAR Regional Director Remely B. Lachica said the assistance aims to strengthen fisherfolk livelihoods and food security by improving […]

The GXS Credit Card is Singapore's highest unlimited cashback credit card and one of the best for Grab and Singtel customers

Offering up to 10 per cent cashback in GrabCoins for Grab and 1.75 per cent cashback on Singtel payments and everyday spending SINGAPORE, Aug. 17, 2026 /PRNewswire/ -- Earning cashback just got even simpler for consumers in Singapore with the launch of the GXS Credit Card. Customers can earn up to 10 per cent instant cashback in GrabCoins on all Grab spending, with higher cashback rates unlocked as monthly Grab spending increases, making it one of the best credit cards in the market for Grab use