Philippines Business News

Bong Go backs Revised Philippine Coast Guard Law, pushes stronger maritime security and better pay for personnel

SENATOR Christopher “Bong” Go expressed his support for the proposed Revised Philippine Coast Guard (PCG) Law as Senate Bill 2116 was approved on third and final reading during the Senate plenary session on Tuesday, Aug. 11, 2026. Go, who co-authored the measure, underscored the vital role of the PCG in protecting the country’s maritime territory and supporting Filipino communities whose livelihoods depend on the sea. “The Philippines is composed of over 7,100 islands, wi

CATL and Quinbrook Build on Supernode Partnership Following Stage 2 and Stage 3 Major Milestones

BRISBANE, Australia, Aug. 15, 2026 /PRNewswire/ -- Quinbrook's Supernode battery energy storage project has completed Stage 2 commercial operation and reached financial close on A$469 million financing for Stage 3, marking a further milestone in the phased development of Australia's largest operational BESS campus. With planned capacity expected to exceed 3 GWh, Supernode is supported by CATL as its core energy storage system supplier for all three stages, providing advanced storage solutions an

NHMFC extends payment relief to over 20,000 typhoon-affected housing loan borrowers

MORE than 20,000 housing loan borrowers of the National Home Mortgage Finance Corporation (NHMFC) will benefit from a one-month moratorium on the payment of their monthly amortizations effective Aug. 5, 2026 to Sept. 4, 2026, following the continuous heavy rainfall brought by tropical storm Maymay and the enhanced southwest monsoon. The moratorium forms part of NHMFC’s continuing efforts to provide immediate financial relief to borrowers affected by calamities and severe weather conditions

Lingnan University rises 300 places in the 2026 ShanghaiRanking's Academic Ranking of World Universities Achieves biggest improvement and ranks 6th among Hong Kong SAR's eight UGC-funded universities

HONG KONG, Aug. 15, 2026 /PRNewswire/ -- A spokesperson for Lingnan University welcomed the results of the 2026 ShanghaiRanking's Academic Ranking of World Universities (ARWU). Lingnan rose significantly from the 901st to 1,000th band globally last year to the 601st to 700th band this year, representing an advancement of 300 places and the biggest rise among Hong Kong SAR's eight UGC-funded universities.The university has also risen to joint 6th place within this group. The encouraging improveme

Disney unveils star-studded lineup at ‘D23’ fan event

MANILA, Philippines — Disney gave fans a glimpse of what is coming to theaters and streaming platforms at the Disney Entertainment Showcase at “D23: The Ultimate Disney Fan Event.” It unveiled new footage, cast announcements and updates for major titles from Disney, Pixar, Marvel and Lucasfilm. The showcase, held Friday (Saturday in Manila) at the Honda Center in Anaheim, California, brought together stars and filmmakers for a presentation packed with previews of theatrical rel

K-Logistikus expansion brings faster, smarter logistics solutions to Bicol region

BUSINESSES today require agile and dependable logistics to keep pace with evolving market demands. Reinforcing its commitment to demand-driven logistics, K-Logistikus Philippines has expanded its nationwide footprint with the opening of its new Bicol Crossdock Hub in Tabaco City, Albay. The new facility strengthens distribution capabilities across the Bicol region by improving regional connectivity, accelerating the movement of goods and helping businesses respond more effectively to changing cu

VinSpace books SpaceX ride as Vietnam’s private space industry moves toward orbit

Vietnam's newest space company has secured a ride to orbit. VinSpace, the aerospace company established by Vietnamese conglomerate Vingroup, has signed an agreement with SpaceX to send its satellites into orbit on a Transporter rideshare mission in 2027. The company announced the contract Aug. 11, marking a rapid progression from its creation less than a year ago to preparations for an orbital mission. The agreement is significant less because SpaceX is launching another small-satellite payload

The renovation is done. Now Ayala is changing the shops inside its malls.

As malls complete their glow-up, Ayala Land hopes it can ‘bring in the concepts to kind of match the new physical experience’

Cebuana Lhuillier Insurance Brokers wins Insurance Asia’s Domestic Broker of the Year for 5th straight year

MAKING insurance more accessible has never been simply about expanding reach. It is about creating solutions that respond to the realities of everyday life, empowering more Filipinos to protect what matters most. Guided by this commitment, Cebuana Lhuillier Insurance Brokers (CLIB) continues to raise the standard for inclusive insurance, earning its fifth consecutive Domestic Broker of the Year-Philippines recognition at the Insurance Asia Awards 2026. Presented annually, the Insurance Asia Awar

Selena Gomez sued for alleged fraud over mental health start-up

LOS ANGELES — Singer and actor Selena Gomez was sued on Thursday by investors who say the "Only Murders in the Building" star committed fraud by failing to fulfill duties to build and promote her mental health start-up. The plaintiffs invested nearly $1.2 million in Wondermind Global, which was launched in 2021 to help users strengthen their "mental fitness," according to the lawsuit filed in federal court in Delaware. Investors said they were told Gomez, one of the biggest celebrities on

Flores earthquake exposes the hazard of Indonesia’s unusual backthrust

The magnitude 7.7 earthquake that struck off Indonesia’s Flores Island early Saturday was generated by an unusual fault system that has produced destructive earthquakes and tsunamis in the past, according to a rapid analysis by earthquake researchers Kyle Bradley and Judith Hubbard. The earthquake struck at 5:58 a.m. local time at a depth of about 10 kilometers, according to the U.S. Geological Survey. Its epicenter was about 68 kilometers north-northwest of Ende in East Nusa Tenggara prov

Prime Minister of Australia Marks 500,000 Home Battery Milestone, Continuing Support for Local Solar Business

SYDNEY, Aug. 15, 2026 /PRNewswire/ -- Yesterday, the Smart Energy Council and RKS Energy Solutions, an authorised retailer for Fox ESS, hosted a press conference in a local warehouse in Castle Hill. Government leaders joined the celebrations, marking Australia's milestone of 500,000 home battery installations and reinforcing the impact of the Cheaper Home Batteries Program (the program) on household adoption of residential energy storage. Fox ESS's brand ambassador, Ian Thorpe, also witnessed th

Miss Universe reaffirms Thai exec’s role amid ownership claims

MANILA, Philippines — The Miss Universe Organization (MUO) has confirmed Nawat Itsaragrisil as chief executive officer of Miss Universe Eastern and warned its partners and stakeholders against unauthorized websites and notices disputing the Thai executive’s role in the organization. In an advisory issued Saturday, MUO said recent notices and claims published on external digital platforms, including websites impersonating the organization, prompted it to clarify its executive leadersh

The digital backbone that helped design the Metro Manila Subway

The Metro Manila Subway is being built underground and across 37 kilometers of Metro Manila, but much of the coordination behind the project is happening on computer screens. The 17-station railway involves thousands of engineering drawings, three-dimensional models, construction schedules, specifications and project records. As designs change and construction moves forward, those documents have to remain consistent across the many companies and engineering disciplines involved in the project. F

Prosecution evidence enough to convict Duterte, says lawmaker

MANILA, Philippines — There is enough evidence to convict Vice President Sara Duterte, a lawmaker at the House of Representatives said on Saturday. Manila 6th District Rep. Bienvenido Abante Jr. said the vice president was "guilty already" and that "what the prosecution team has actually said was enough," said Abante at a News Forum in Quezon City. Abante said Duterte’s alleged threats against President Ferdinand Marcos Jr., first lady Liza Araneta-Marcos and former Speaker Martin Ro

MakatiMed introduces first digital pathology scanner in PH, Southeast Asia

MARKING a significant step in digital pathology and cancer diagnostics, Makati Medical Center (MMC) launched the first digital pathology scanner in the Philippines and Southeast Asia. Inaugurated last Wednesday, the Aperio GT 180DX scanner marks a milestone in pathology by enabling the digitization of tissue samples for more efficient diagnosis and collaboration in the medical field. “ Cancer incidences are rising around the world, including in the Philippines. And unfortunately, the numbe

Malacanang: 2 DOH officials resign over conflict of interest, violation of procurement laws

MANILA, Philippines—Malacanang on Saturday confirmed the resignation of two Department of Health (DOH) officials after facing complaints before the Office of the Ombudsman. In a Viber message, Presidential Communications Office Undersecretary Claire Castro confirmed that lawyer Randy Escolango, DOH undersecretary for Financial and Supply Chain Management Services and Dr. Glenn Mathew Baggao, undersecretary for Universal Health Care – Health Services Cluster (UHC-HSC) Lead for Luzon,

Ukraine strikes Russian space centre linked to Rassvet satellite network

Dizon inspects highway rehab, flood control project in 2 Bulacan areas

MANILA, Philippines — Public Works and Highways Secretary Vince Dizon wasted no time as he made several inspections on projects amid the rainy season, the latest of which was the ongoing rehabilitation and upgrading of the pothole-ridden Doña Remedios Trinidad (DRT) Highway in Baliwag City, Bulacan. Dizon conducted the inspection with Mayor Sonia Estrella to check the progress of the project, which was carried out in response to complaints about potholes along the highway, and ensur

Ejercito ensures transparency in P7.2T budget deliberations

CEBU CITY — Amid the ongoing impeachment trial of Vice President Sara Duterte and the controversy surrounding flood-control projects, Sen. Joseph Victor Ejercito said the Senate will keep deliberations on the proposed P7.2-trillion national budget for 2027 open and transparent. Ejercito, the new chairman of the Senate Committee on Finance, said the budget process would add to the workload of senators, who attend the impeachment trial in the morning and plenary sessions in the afternoon. &l

China’s arrest of Filipinos seen as a warning to Manila

MANILA, Philippines — China’s high-profile arrest of allegedly more than 100 undocumented Filipino workers could be a warning to Manila that Beijing was prepared to respond to actions against Chinese citizens in the Philippines, according to a Manila-based policy institute. In an interview, Asia-Pacific China Studies Institute (ACPSSI) president Herman Tiu Laurel said the arrests themselves were consistent with Chinese immigration and labor laws, but argued that the decision by Chine

Norwegian proponent's walkout halts Iloilo AI data center plans

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 the 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, duri

Lady Chiefs make strong statement, sweep Lady Knights

MANILA, Philippines — Arellano University drew first blood with a statement sweep of reigning NCAA champions Colegio de San Juan de Letran, 25–20, 25–22, 25–15, on opening day of the 2026 V-League Collegiate Challenge on Saturday at Gameville Central Park in Mandaluyong City. A strong start in the third set turned into a decisive blow for the Lady Chiefs, who maintained their clinical run to the finish behind wing spikers Cassey Florida and Heart Villaflores. Florida, how

US presses Apple to avoid Chinese memory chips amid shortage - WSJ reports