Philippines Business News

Red rainfall warning up in more areas

MANILA, Philippines — The Philippine Atmospheric, Geophysical and Astronomical Services Administration (Pagasa) on Monday issued a red rainfall warning for Metro Manila and other areas. In its Heavy Rainfall Warning 7 issued at 2 p.m. on Monday, Pagasa raised a red warning over Metro Manila; Bataan; parts of Zambales (Subic, Olongapo, San Antonio, Castillejos); parts of Pampanga (Floridablanca, Lubao, Sasmuan, Macabebe, Masantol); parts of Bulacan (Obando, Bulakan, Malolos, Meycauayan, Hag

‘Heroes’ and ‘Nashville’ actress, Hayden Panettiere, dies at 36

AMERICAN actress Hayden Panettiere, famed for roles in television shows such as “Nashville” and “Heroes,” has died aged 36, her family said in a statement issued by her publicist on Sunday. No cause was stated, but the death of the nominee for a Grammy and two Golden Globe awards was being investigated, the publicist, Kasey […]

GLOBAL POWER SOLUTIONS ADVANCES MODULAR HYDROGEN POWER SYSTEM WITH PROPOSED FIRST EQUIPMENT PURCHASE

Vancouver, British Columbia, Aug. 17, 2026 (GLOBE NEWSWIRE) -- Global Power Solutions Corp. (TSXV: PWER) (FSE: NJA) ("Global” or the "Company”) is pleased to announce that it intends to make its first equipment purchase in connection with the development and testing of the Company’s proposed modular hydrogen power system (the "Modular H2 Power System”). The proposed purchase consists of the driver intended to perform the power-generation function within the Modular H2 Power System. The equipment

Türkiye launches pioneering project to protect WWI wrecks in the Dardanelles

Credit: Alex Dawson Photography ÇANAKKALE, Türkiye, Aug. 17, 2026 (GLOBE NEWSWIRE) -- A pioneering conservation initiative has been launched to protect the historic World War I shipwrecks of the Dardanelles Strait through cathodic protection, preserving them for future generations while supporting sustainable diving tourism. The Deep Heritage Project, carried out in partnership between the Directorate of Gallipoli Historic Site and the 1915 Çanakkale Bridge and Motorway, aims to safeguard one of

Cone says June Mar ‘plucked out’ of retirement, to play in FIBA window

MANILA, Philippines — June Mar Fajardo is set to play his final games for Gilas Pilipinas when the national squad plays two home games against Jordan and Iran in the FIBA World Cup 2027 Asian Qualifiers second round on Aug 28 and 30 at the SM Mall of Asia Arena. Gilas coach Tim Cone said over the weekend that the nine-time PBA Most Valuable Player already indicated retiring from Gilas duties, but they asked him to play once again, at least for the coming FIBA window. “June Mar wants

LANDBANK honors outstanding partners, clients at 2026 Gawad TANYAG Awards

LANDBANK honored outstanding clients and institutional partners during its 2026 Gawad TANYAG (Tanging Yaman at Galing) Awards, held on Aug. 7, 2026 as part of the Bank’s 63rd anniversary celebration. The ceremony recognized exemplary farmers and fishers, cooperatives, micro, small and medium enterprises (MSMEs), corporations, countryside financial institutions (CFIs), and microfinance institutions (MFIs) for their contributions to […]

Share buyback programme - week 33

Nasdaq Copenhagen Euronext Dublin London Stock Exchange Danish Financial Supervisory Authority Other stakeholders Date 17 August 2026 Share buyback programme - week 33 The share buyback programme runs in the period 10 August 2026 up to and including 9 October 2026, see company announcement of 7 August 2026. During the period the bank will thus buy back its own shares for a total of up to DKK 400 million under the programme, but to a maximum of 500,000 shares. The programme is implemented in comp

Casa Aire Wellness Expands Hyperpigmentation Correction Treatments in Dubai From AED 250 as Year-Round UV Makes Melasma One of the City's Most Treated Skin Concerns in 2026

AIRE MD by Casa Aire Wellness treats hyperpigmentation through a programme that begins with the AED 250 Skintellectual 3D skin analysis and sequences correction over months, in a market where premium corrective facials run from AED 650 to AED 1,450 a session. Casa Aire Wellness Expands Hyperpigmentation Correction Treatments in Dubai Casa Aire Wellness structures hyperpigmentation correction around diagnosis first at its Dubai Marina institute, pairing trademarked Korean Facial™ protocols with t

XCMG Accelerates Global Equipment Deliveries for Infrastructure and Mining Projects

XUZHOU, China, Aug. 17, 2026 /PRNewswire/ -- XCMG (SHE: 000425) has accelerated equipment deliveries and deployments in Angola, Southeast Asia, South America and Mozambique, supporting road construction, lifting, aerial access and green mining projects. XCMG Accelerates Global Equipment Deliveries for Infrastructure and Mining Projects Deliveries include more than 100 units of integrated road construction equipment in Angola, nearly 300 crawler cranes across Southeast Asia and 80 aerial work pla

Intuitive Expands Manufacturing Footprint in Asia Pacific with New Facility in Penang, Malaysia

New 316,000-square-foot facility is expected to begin operations in 2028 and create 1,200 highly skilled jobs by 2032 PENANG, Malaysia, Aug. 17, 2026 /PRNewswire/ -- Intuitive (NASDAQ: ISRG), a global technology leader in minimally invasive care and the pioneer of robotic-assisted surgery (RAS), announced that it has entered into a lease agreement with Penang Development Corporation (PDC) for its new manufacturing facility in Bandar Cassia Technology Park, Penang, Malaysia. The investment reflec

INVL fund invests in the fish processing sector: signs agreements to acquire Nordian Group and Norvelita

INVL Private Equity Fund II, one of the leading private equity funds in Central and Eastern Europe, has signed agreements to acquire two Lithuanian fish processing companies - Nordian Group and Norvelita. The combination of these two companies will create one of the largest fish processing groups in the region, with combined annual revenues of approximately EUR 200 million. By investing in these companies, the fund aims to grow them into regional leaders, competing with other major European proc

Fuel price hike again on August 18 after last week’s rollback

The increase undoes part of last week’s price cuts, with diesel again under pressure

Canada’s inflation rises to 3% on higher gasoline prices

Iran war a boon for China’s electric trucks, fueling export surge

China’s rapid adoption of e-trucks partially shields the world's biggest auto market from the impact of the conflict. Now other countries are scrambling to follow.

Trump threatens to bomb Oman over Iran stance

More pay, more investments, better government

By Mon Abrea, CPA, MBA, MPA (Harvard) Global Tax Policy Expert | Chief Tax Advisor, Asian Consulting Group (ACGlobal) The Philippines is competing for global capital at a time when investors are rethinking supply chains, tax structures, energy security and geopolitical risk. Our response cannot simply be to offer more incentives. We must offer something more valuable: […]

Philippine cash remittances post slowest growth in over 4 years

By Katherine K. Chan, Reporter Cash remittances from Filipinos abroad grew by its slowest pace in over four years in June even as the monthly level stood at a six-month high, Bangko Sentral ng Pilipinas (BSP) data showed. Overseas Filipino workers (OFWs) sent home a total of $3.039 billion in cash remittances in June, rising […]

ECB warns tech stock correction likely with limited policy tools

SMDC Homes in Mabalacat are ready when your family is

Cheerful Homes and Cheerful Homes 2 offer move-in-ready options for first-time buyers, growing families and OFW households.

ERC scrutiny adds a new wrinkle to Ramon Ang’s Lopez Inc. investment

(1st UPDATE) Energy Regulatory Commission Chair Francis Saturnino Juan says the regulator is looking into issues involving generation market-share limits and cross-ownership restrictions

Bets on imminent Fed rate hike fade; retail earnings ahead - what’s moving markets

Abalos recognized in Cebu

Cabinet Secretary Benjamin “Benhur” Abalos Jr. received recognition from Cebu’s provincial and local leaders during his recent visit to the province.

Ayala Malls Cinemas to bring more eyes to 2026 CinePanalo Film Festival

The Puregold CinePanalo Film Festival and Ayala Malls Cinemas have announced an official partnership whereby Ayala Malls Cinemas will be showcasing all of the featured works of the 2026 CinePanalo in select theaters. The partnership is an unprecedented move, and a show of commitment by Puregold to make the upcoming third-ever CinePanalo the biggest and […]

What it took to save ABS-CBN

Gabby Lopez found a way around the family fight that had stalled fresh money for the network. But the P6-billion rescue also rewrites who owns ABS-CBN, and who gets a say in what it becomes.