Philippines Business News

Philippines tax revenue goal ‘ambitious,’ says BMI

The Philippine government’s tax revenue target appears “ambitious,” with value-added tax collections estimated to rise by 12.8 percent to P860 billion next year even without introducing major tax reforms, according to research and analysis firm BMI.

Pinoy workers want more despite salary satisfaction – survey

Most Filipinos said they were fairly paid, but only six in 10 workers said they were satisfied with their current pay, according to a survey conducted by Jobstreet by SEEK.

SMC expands urban farms beyond Luzon

Diversified conglomerate San Miguel Corp. is expanding its urban farm initiative beyond Luzon as it recently established its first backyard farm site in the Visayas to support local food security.

Visa, UMSI roll out phone-based card payments for SMEs

Visa has partnered with USSC Money Services Inc. to roll out a new payment solution that allows small businesses to accept contactless card payments directly through smartphones without buying or renting traditional point-of-sale terminals.

How could open-weight models impact GenAI ROIC?

Filipino shines at Oxford University

Anna Mae Yu Lamentillo, Department of Information and Communications Technology (DICT) undersecretary, delivers a speech at the University of Oxford where she was awarded the Programme Director’s Prize for her exceptional contribution to the classroom and the wider MSc in Major Programme Management cohort at Saïd Business School. The distinction is presented to a student whose academic engagement, presence and participation have made a meaningful impact on the life of the program. The

Fire hits residential area in Pasay

Firefighters try to contain a third-alarm fire that erupted in a residential area in Pasay City Aug. 15, 2026. No other details are available as of posting time. VIDEO BY BFP NCR Pasay City PHOTO BY RENE H. DILAN

MoonRush Launches Social Trading App Combining On-Chain Market Discovery and AI-Powered Risk Protection

DOVER, Del., Aug. 15, 2026 (GLOBE NEWSWIRE) -- MoonRush has launched its social trading app for crypto markets, bringing token discovery, trader and wallet tracking, on-chain market data, social features and AI-powered risk protection into a mobile experience. The platform is designed to help users monitor emerging token activity, follow public wallet activity, review market information and interact with supported on-chain markets while maintaining control of their assets through a non-custodial

Aartech Canada Named Canadian Distributor for TAKEX America Security Sensing Technologies

Oshawa, ON, Aug. 15, 2026 (GLOBE NEWSWIRE) -- Aartech Canada Inc., a Canadian distributor of security, automation, networking, and smart building technologies since 2002, is pleased to announce that it has been appointed as an authorized Canadian distributor for TAKEX America Inc., a leading manufacturer of security sensing technologies. Through this new distribution relationship, Aartech Canada will support Canadian dealers, integrators, installers, and security professionals with access to TAK

The Countdown Is On: WhipNash Hummer EV Giveaway Charges Toward August 31 Finale

Eligible entrants still have time to build their entry totals for a prize package featuring a 2025 Hummer EV 3X Pickup, a VIP trip to Nashville and $20,000. Nashville, TN, Aug. 15, 2026 (GLOBE NEWSWIRE) -- WhipNash has entered the final weeks of its Made in America Giveaway #1, giving eligible participants until 11:59:59 p.m. CDT on August 31, 2026, to submit entries for a grand prize package valued at approximately $130,000. The package includes a 2025 GMC Hummer EV 3X Pickup, a VIP trip to Nas

SoonLab Launches SoonLab 2.0, Bringing More Intelligent AI Agents to Game Creation

The new model expands natural-language game creation beyond 2D to playable 3D games, confirms creative requirements through conversation before it builds, and iterates with creators - making it easier to turn an idea into a game that feels the way you imagined. New York City, Aug. 15, 2026 (GLOBE NEWSWIRE) -- SoonLab, the AI-native platform for creating and sharing playable games, today announced SoonLab 2.0, its next-generation model for AI-powered game creation. SoonLab 2.0 expands game creati

Glitter Bug Gold Buyers Announces New Gold Seller Transparency Standard Across Orange County Locations

New companywide standard formalizes transparent precious metals testing, visible evaluations and no-obligation offers at Glitter Bug Gold Buyers locations in Laguna Hills and Anaheim Hills Laguna Hills, CA, Aug. 15, 2026 (GLOBE NEWSWIRE) -- Glitter Bug Gold Buyers, a family-owned precious metals buyer serving Orange County, today announced the launch of its new Gold Seller Transparency Standard, a companywide initiative establishing a consistent set of customer-facing practices for gold, silver

PLDT downs Akari to notch second straight PVL On Tour win

MANILA, Philippines — The PLDT High Speed Hitters continued their strong start to the 2026 Premier Volleyball League (PVL) On Tour, escaping the Akari Chargers in four sets, 25-14, 26-24, 21-25, 25-20, on Saturday at the Mindanao Civic Center (MCC) Gymnasium in Lanao del Norte. PLDT secured its second consecutive victory to improve to a 2-0 win-loss record, keeping pace with the league-leading ZUS Coffee Thunderbelles. Savi Davison spearheaded the High Speed Hitters with 22 points built on

LOOK: PLDT def. Akari (3-1)

PVL on Tour PLDT def. Akari, 3-1 Kath Arado Player of the Game #PVLOnTour

Teodoro accuses China of blackmail over arrest of Filipinos

Defense Secretary Gilberto Teodoro Jr. on Saturday accused China of using threats and “disinformation through avoidance” after Beijing defended the arrest of more than 100 undocumented Filipino workers in the country. Teodoro said the Chinese Foreign Ministry continued to evade key questions surrounding the arrests, including whether the Filipinos were involved in illegal activities and whether Chinese embassy officials had intervened in Philippine law enforcement operations. “

9 Pinoy seafarers from Rostrum Optima return home

The Department of Migrant Workers (DMW) on Saturday announced the return of nine Filipino seafarers that were aboard the Liberian-flagged bulk carrier M/V Rostrum Optima. In a statement on Saturday, the DMW said the Filipinos arrived at Terminal 3 of the Ninoy Aquino International Airport (NAIA) through Turkish Airlines Flight TK084, which came from Istanbul, Turkey. The M/V Rostrum Optima was hit by a drone strike while at the Port of Taman in Russia. Upon reaching Istanbul, DMW Secretary Hans

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DITO bestows inaugural BizBayani Awards to 5 outstanding MSMEs

DITO Telecommunity Corp. honored five outstanding Filipino entrepreneurs at the inaugural Dito BizBayani Awards Night held at the Manila Marriott Hotel in Newport World Resorts, on Aug. 12, 2026. This was Dito’s first nationwide search for the most inspiring micro, small, and medium enterprises (MSMEs) in partnership with the Department of Trade and Industry (DTI), the Philippine Chamber of Commerce and Industry (PCCI), GCash, Jobstreet by SEEK Philippines, the Philippine Council for Small

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V of BTS opens up about two-and-a-half-year struggle with hearing loss

MANILA, Philippines — BTS member Kim Taehyung, popularly known as V, has opened up about a hearing problem he said he had been dealing with for around two and a half years. V shared the revelation during a Weverse livestream with fellow BTS member Jungkook earlier this week, giving fans details about the condition for the first time. According to V, his hearing has deteriorated over the past two and a half years, with one ear significantly weaker than the other. “If one ear is at abo

Israeli strikes in southern Lebanon kill at least 11

New Xteink X3 eReader Launch Offers a Distraction-Free Solution for All Book Lovers

New eReader delivers immersive solutions for bibliophiles on trains, during commutes, at the beach, or curled up on the couch with the ultra-light Xteink X3 NEW YORK, Aug. 15, 2026 (GLOBE NEWSWIRE) -- Millions of people love to read. Being able to pick up a book and fall into a story of unrequited love or fantasy realms is a wonderful break from the hustle and bustle of daily living. The trouble is, not everyone can fit a library of books in their backpack. That is, until products like the lates