Philippines Business News

Lala strengthens into hurricane, bears down on Hawaii’s Big Island with heavy rain, winds

HONOLULU — Hurricane Lala formed Saturday on a path to make a rare landfall on Hawaii’s Big Island. The National Hurricane Center said Lala’s maximum sustained winds increased to 75 mph (120 kph), making it a Category 1 hurricane, and the eyewall was forecast to move over or near the island’s southern end by Saturday evening, lashing its worst winds at volcanic slopes thousands of feet above sea level. The Big Island has not experienced a direct hurricane landfall in 155

Chinese refiner Hengli accused of funding Iran through sanctioned oil purchases

The King Center and Divine Nine Launch Historic Fundraising Campaign to Preserve Critical History and Amplify Nonviolence365® Ahead of King100

D9Stronger D9 Stronger Together Campaign Graphic Atlanta, GA., Aug. 15, 2026 (GLOBE NEWSWIRE) -- The Martin Luther King, Jr. Center for Nonviolent Social Change, in partnership with the National Pan-Hellenic Council (NPHC), announced #D9StrongerTogether, a unified fundraising campaign mobilizing members of all nine historically Black Greek-letter organizations to preserve The King Center's critical history and archives, deepen its nonviolence education and training, and champion the Center's con

We Will Never See Another Westbrook

Russell Westbrook spent most of his NBA career doing something few athletes ever accomplish. He made people pick a side. You either loved him or couldn't stand him. To his admirers, he was the embodiment of competitive fire, a relentless force who attacked every possession as if the game depended on it. To his critics, he was the superstar who could never quite get out of his own way, a player whose flaws often appeared as dramatic as his strengths. In an era increasingly defined by efficiency,

Fires erupt across Kyiv after Russian missile strike, one injured

ATOM hits Marcos’ statements on ill-gotten wealth

MANILA, Philippines — The August Twenty One Movement (ATOM) on Saturday hit out at President Ferdinand Marcos Jr.’s denial of ill-gotten wealth involving his family. Marcos said in the luncheon hosted by the Foreign Correspondents Association of the Philippines (Focap) that their family’s assets were “not ill-gotten wealth”, echoing an interview with Australian journalist Sarah Ferguson in 2024, where he apparently stuttered. “But we, the August Twenty-One Mov

Michael Caridi and MAJIC Development Group Announce Active Acquisition Push in Harlem Amid Distressed Market Conditions

NEW YORK, Aug. 15, 2026 (GLOBE NEWSWIRE) -- Michael Caridi, Chairman of MAJIC Development Group LLC, announced today that the firm is actively pursuing acquisition opportunities in the Harlem real estate market, moving to capitalize on a growing inventory of distressed commercial and mixed-use properties created by the sustained high interest rate environment of the past several years. The announcement marks a deliberate return to a market where MAJIC built some of its most significant early cre

Ministry of Information & Broadcasting, Pakistan: The Morning After - An Independence Day Message

ISLAMABAD, Aug. 15, 2026 (GLOBE NEWSWIRE) -- The Ministry of Information & Broadcasting, Government of Pakistan, has issued an Independence Day message reflecting on the meaning of freedom, the resilience of the Pakistani people and the continuing work of building a country that remains, in the words of the message, "not finished, not defeated, still becoming.” On the morning of Independence Day, Islamabad is strangely beautiful. The streets are quieter than usual. Green and white flags have app

PCSO Lotto Results | August 16, 2026

Today's Front Page | August 16, 2026

Lump-sum allocations in 2027 budget flagged

SEN. Panfilo Lacson has flagged what he described as “questionable” lump-sum appropriations for infrastructure projects in the proposed P7.2-trillion national budget for 2027, saying he will demand details from the government agency concerned. Lacson said lump-sum allocations may be justified for unpredictable expenses such as calamity funds, but their use for infrastructure projects warrants closer scrutiny because the proposed allocations do not provide a detailed breakdown of the

DOJ reviews US files vs Quiboloy, 2 others

THE Department of Justice (DOJ) is reviewing six voluminous batches of supporting documents transmitted by the US government in connection with its extradition request for Apollo Quiboloy and two ranking officials of the Kingdom of Jesus Christ (KOJC). State Counsel Dennis Arvin Chan confirmed that the DOJ is examining the documents that were received through the Department of Foreign Affairs (DFA). “The documents that we received from the DFA were quite voluminous. Each respondent would h

Waste-to-energy system up in 18 months – Marcos

PRESIDENT Ferdinand Marcos Jr. has directed the Department of Energy (DOE) to implement its waste-to-energy (WTE) program within 18 months, following the “sea of trash” caused by heavy monsoon rains last week. During his inspection of the clearing and waste collection operation at the Diokno Pumping Station in Pasay City, Marcos recognized that while the program is not easy to do, the technical aspects of the technology have already been finalized. “It’s not so easy to do

Norwegian data center backer junks briefing

ILOILO CITY — What was supposed to be a public consultation on a proposed 50-megawatt (MW) AI data center in Oton, Iloilo, ended in uncertainty after its Norwegian proponent abruptly walked out and declared that there was no reason to continue the discussion amid mounting opposition from residents. Daniel Stefan Robertsen, who presented the project under Norway Green Energy, was pitching the development of a 10-hectare hyperscale AI data center campus in Barangay Abilay Sur, Oton, during a

Iran war commander visits USS Abraham Lincoln as carrier prepares to return home

BIR clarifies rules on early PERA withdrawals

The Bureau of Internal Revenue has clarified the rules on early withdrawals from Personal Equity and Retirement Accounts, noting that the 20 percent penalty will apply only to income attributable to the portion actually withdrawn.

Borderless banking

Picture a nurse finishing a night shift in a Los Angeles hospital, checking her phone in the parking lot before she drives home, or an engineer in Silicon Valley, stepping out of a meeting to send money before the exchange rate shifts again.

Coins.ph teams up with Bayad

Digital asset platform Coins.ph is expanding its payments business through a partnership with Bayad that will nearly double the number of billers available on its app and reduce reliance on third-party payment aggregators.

Food exporters dig deep to capitalize on ube rush

As the Philippines rushes to capitalize on the surging global appetite for its iconic purple root crop, food processors are pushing to secure high-quality ube (purple yam) materials for processing and export.

Government mulls higher profit share in Semirara coal deal

The Marcos administration is weighing a larger share of proceeds from the new contract covering the Semirara coal mine in Antique, as the auction process faces further delays.

How to turn waste into power sources

Rockefeller Farm has dedicated a portion of its seven-hectare land for a dome-like structure.

‘Lack of long-term goals hinders Philippines growth’

The country’s economic growth could have accelerated further had the government consistently funded big-ticket infrastructure projects across different administrations, an economist said.

More Manila-Istanbul flights on the way

Filipinos can expect more flight options to Turkey following the signing of a new deal between Manila and Istanbul for additional air seats.

Move before the fog clears

Many adults are not hindered by a lack of talent, but rather by a discomfort with uncertainty.