Philippines Business News

Ayala: $6.9B in sustainable financing secured last year

AYALA Corp. on Thursday said that it secured approximately $6.9 billion in sustainable financing last year as it announced its continued inclusion in the global sustainability benchmark FTSE4Good Index Series for a 12th straight year. In a statement, the conglomerate said the continued inclusion reinforced the Ayala Group’s standing in a global benchmark followed by investors and other stakeholders. Core businesses ACEN Corp., Ayala Land Inc., Bank of the Philippine Islands and Globe Telec

Defending the municipal fishing zone

IT is highly ironic that an archipelagic country like the Philippines is grappling with the intertwined problems of illegal fishing and a declining catch. Last year, Karagatan Patrol reported a spike in commercial fishing incursions in the 15-kilometer exclusive zone for municipal fishermen. The online platform, set up by the international ocean conservation advocate Oceana in partnership with the League of Municipalities in the Philippines to monitor illegal commercial fishing activity in munic

Go sends help to fire victims in Lanao del Sur

MALABANG, Lanao del Sur — Sen. Bong Go’s Malasakit Team extended assistance to 30 fire-stricken households here on Tuesday as the senator reiterated his commitment to strengthening government support for disaster victims and improving fire protection services nationwide. The relief initiative held at the Malabang Municipal Hall provided affected families with financial assistance, grocery packs, water containers, snacks, shirts, vitamins, basketballs, and volleyballs. “We will

Watsons Unveils "Watsons Evergreen" with Pantone to Celebrate 185 Years of Trusted Care and Everyday Vitality

HONG KONG SAR - Media OutReach Newswire - 23 July 2026 - Watsons, the flagship health and beauty brand of AS Watson, today announced the launch of Watsons Evergreen, as part of AS Watson's 185th anniversary celebrations. To elevate its significance and create a consistent and credible expression across markets, Watsons partnered with the Pantone Color Institute™, the world's leading authority on colour. Combining Watsons' rich heritage with Pantone's expertise, the collaboration helped define an

Mavericks re-sign center Moussa Cisse following reports of an offer sheet from the Knicks

DALLAS — The Dallas Mavericks have re-signed restricted free agent Moussa Cisse in the wake of multiple reports that the second-year center had signed an offer sheet with the New York Knicks. The team didn't disclose the terms in the deal announced Wednesday. According to multiple reports, the Mavericks matched the Knicks' offer on a $4.7 million, two-year contract. Cisse went undrafted out of Memphis last year and spent the season with the Mavericks on a two-way contract. The 6-foot-11 Ci

RSPO Launches New Guidance to Leverage Sustainable Palm Oil Certification for IFRS® Sustainability Disclosure Standards

KUALA LUMPUR, Malaysia, July 23, 2026 /PRNewswire/ -- The Roundtable on Sustainable Palm Oil (RSPO) has released a guidance document, "Leveraging RSPO Principles and Criteria for IFRS® Sustainability Disclosure Standards". This new resource supports certified sustainable palm oil producers to align their sustainability practices with the IFRS S1 and IFRS S2 disclosure standards that serve as the global framework for reporting sustainability-related financial information. As more than 30 jurisdic

State Grid Changzhou Empowers Summer Power Reliability with Zero-Perception Smart Grid Renovation

CHANGZHOU, China, July 23, 2026 /PRNewswire/ -- State Grid Changzhou Power Supply Company has completed an automated upgrade of pole-mounted switches on the 10kV Huangjia Line, rolling out a refined zero-perception construction model to secure reliable power supply amid the peak summer electricity demand. The project benefited over 400 households in Huangjiayuan Community in Jintan District with nearly uninterrupted power service throughout the renovation, setting a replicable benchmark for grid

Singapore Immigration Consultancy Unveils Redesigned Website With Free PR Readiness Consultation for Over 200,000 Work Pass Holders in Singapore

The new platform connects EP and S Pass holders directly with SIC's consultants for personalised eligibility assessments, documentation guidance, and appointment booking across three offices in Singapore. SINGAPORE, July 23, 2026 /PRNewswire/ -- Singapore Immigration Consultancy Pte Ltd (SIC) has officially launched a fully redesigned website at singaporeimmigrationconsultancy.com.sg, providing foreign professionals in Singapore with a more accessible and resource-rich platform to navigate the P

AI catches up with humans to score 100% at top maths contest

SHANGHAI — A perfect result at the world's most prestigious mathematics contest used to be the preserve of a handful of bright young minds each year, but for the first time, artificial intelligence has also scored full marks. Two Chinese tech companies, Huawei and Xiaohongshu, said their AI models each achieved 100 percent on the questions given to human hopefuls at this month's International Mathematical Olympiad (IMO). They were the first AI labs to announce their scores, but others from

BE Semiconductor Industries N.V. Announces Q2-26 and H1-26 Results

Q2-26 Revenue and Net Income of € 249.9 Million and € 89.0 Million, Respectively, Up 68.7% and 177.3%, Respectively, vs. Q2-25. Orders of € 292.9 million Up 128.8% vs. Q2-25 H1-26 Revenue and Net Income of € 434.7 Million and € 140.6 Million, Respectively, Up 48.8% and 121.1%, Respectively, vs. H1-25. Orders of € 562.6 million Up 116.5% vs. H1-25 DUIVEN, The Netherlands, July 23, 2026 (GLOBE NEWSWIRE) -- BE Semiconductor Industries N.V. (the "Company” or "Besi”) (Euronext Amsterdam: BESI; OTC ma

Acrab Unveils GΞLIX 1 SoC and Agent Box, Bringing State-of-the-Art AI to the Edge

Built on a 5-nanometer process, the new SoC is designed to support models in the 100 billion parameter class, with full-stack software for private and responsive AI agents at the edge SINGAPORE, July 23, 2026 /PRNewswire/ -- Acrab, a technology company building agentic AI compute infrastructure for the next generation of intelligent systems, today unveiled GΞLIX 1, its first-generation edge AI system-on-chip (SoC), together with Agent Box, a personal edge AI system powered by the company's full-

Genenta-backed Sòphia High Tech Brings Aerospace Precision Inside a Nuclear Fusion Reactor with ROMAN, a Robotic Arm

Sòphia High Tech designs and manufactures ROMAN units for the remote inspection and maintenance of the RFX-mod2 fusion experiment, combining its precision manufacturing capabilities with the robotics expertise of University of Naples Federico II and Herobots, extending the group's precision-engineering capabilities into the nuclear domain MILAN and NAPLES, Italy, July 23, 2026 (GLOBE NEWSWIRE) -- Sòphia High Tech S.r.l. (Sòphia HT), an Italian aerospace and defense company manufacturing critical

OP Mortgage Bank plc: Half-year Financial Report for 1 January-30 June 2026

OP Mortgage Bank plc Half-year Financial Report 1 January-30 June 2026 Stock Exchange Release 23 July 2026 at 10:00 am EEST OP Mortgage Bank plc: Half-year Financial Report for 1 January-30 June 2026 OP Mortgage Bank plc is the covered bond issuing entity of OP Pohjola. Together with OP Corporate Bank plc, its role is to raise funding for OP Pohjola from money and capital markets. On 26 March 2026 OP Cooperative, the shareholder of OP Mortgage Bank, decided to change the company's name to OP Asu

Coro and PwC Italy Partner to Help Automate Cybersecurity and NIS2 Compliance for Businesses of all sizes

Strategic alliance combines PwC Italy’s advisory expertise with Coro’s AI-native cybersecurity platform to help organizations democratize cybersecurity and meet evolving regulatory requirements NEW YORK, July 23, 2026 (GLOBE NEWSWIRE) -- Coro, the leading cybersecurity platform purpose-built for organizations with Lean IT teams, today announced a strategic partnership with PwC Italy. The partnership aims to help organizations located in Italy automate and democratize cybersecurity operations whi

FDH Aero and Gardner Aerospace Announce Global Supply Partnership for Airbus Programs

COMMERCE, Calif., July 23, 2026 (GLOBE NEWSWIRE) -- FDH Aero, a global provider of supply chain solutions for the aerospace and defense industry, and Gardner Aerospace, a UK-based global leader in aerospace manufacturing, announce a new Global Supply Partnership. The five-year Long-Term Agreement (LTA) expands upon the companies' existing relationship to cover all Airbus commercial single-aisle and twin-aisle programs. Under the terms of the multi-site agreement, FDH Aero will support Gardner Ae

Senate majority denies VP Sara’s catering request

MANILA, Philippines — The Senate majority bloc has turned down the request of the Office of the Vice President (OVP) for the chamber to shoulder food, beverage, and catering expenses for the defense team, witnesses, and support staff during the impeachment trial of Vice President Sara Duterte. "The majority agreed that it would not be proper for the Senate to foot the bill for their catering," Sen. Erwin Tulfo said Thursday, noting that each party participating in the proceedings is expect

Decision to exercise the make-whole redemption option

PRESS RELEASE DECISION TO EXERCISE THE MAKE-WHOLE REDEMPTION OPTION € 750,000,000 5.375 per cent. Sustainability Linked Bonds due 28 May 2027 under the €5,000,000,000 Euro Medium Term Note Programme (The "Programme”) Series N°13 Tranche N°1 ISIN Code: FR001400EA16 23 July 2026, Paris - Further to its press release published on 27 May 2026 announcing a new bond issue for an amount of 600 million euros with maturity February 2033, the net proceeds of which will be used to finance the Group’s gener

Stock indices as of July 23, 2026

Michelin: Disclosure of trading in own shares - July 23rd, 2026

23, Place des Carmes-Déchaux - 63000 CLERMONT-FERRAND Information about securities repurchasing program Regulated information Issuer social denomination: Michelin - LEI 549300SOSI58J6VIW052 Types of securities: ordinary shares - Code ISIN FR001400AJ45 Date : July 23rd, 2026 Issuer NameIssuer codeTransaction date ISIN CodeDaily total volume (in number of actions)Daily weighted average price of shares acquiredPlatformCompagnie Générale des Etablissements Michelin549300SOSI58J6VIW05223.07.2026FR001

Haisco's Class 1 Innovative Drug Ciprocopan Succinate Tablets Approved in China, Offering a New Treatment Option for Patients With PNH

BEIJING, July 23, 2026 /PRNewswire/ -- Haisco Pharmaceutical Group claimed today their independently developed Class 1 innovative drug, Ciprocopan Succinate Tablets (development code: HSK39297), has received marketing approval from the National Medical Products Administration of China (NMPA) for the treatment of adult patients with Paroxysmal Nocturnal Hemoglobinuria (PNH) who are complement-inhibitor-naïve. This is Haisco's fifth innovative drug approved for marketing and represents an importan

Asia's Largest Sustainable Seafood Event "The Sustainable Seafood Summit 2026" to Be Held from October 21 to 23, with Key Stakeholders Attending in Person

TOKYO, July 23, 2026 /PRNewswire/ -- Seafood Legacy Co., Ltd. and Nikkei ESG will host "The Sustainable Seafood Summit 2026 (TSSS2026)," a flagship event for the global seafood industry, from October 21 to October 23, 2026. As one of Asia's largest sustainable seafood events, TSSS2026 brings together key international stakeholders to share the latest insights and accelerate sustainable fisheries and aquaculture. Since 2015, TSSS has united businesses, governments, researchers, investors, CSOs, a

Alylytiq launches AI-powered research solutions to make big-brand insights affordable for Singapore SMEs

SINGAPORE - Media OutReach Newswire - 23 July 2026 - Market research consultancy Alylytiq LLP today announced the launch of Automytiq, a suite of AI-powered research solutions designed to make professional-grade market insights accessible to Singapore's small and medium-sized enterprises. For decades, professional market research has been the preserve of large corporates - the only players who could justify studies routinely costing tens of thousands of dollars. SMEs, who arguably have the least

Northrim BanCorp Earns $15.3 Million, or $0.68 Per Diluted Share, in Second Quarter 2026

ANCHORAGE, Alaska, July 22, 2026 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) ("Northrim” or the "Company”) today reported net income of $15.3 million, or $0.68 per diluted share, in the second quarter of 2026, compared to $13.7 million, or $0.61 per diluted share, in the first quarter of 2026, and $11.8 million, or $0.52 per diluted share, in the second quarter a year ago. The increase in the second quarter 2026 profitability as compared to the second quarter a year ago was mostly d

Northrim BanCorp, Inc. Signs Definitive Agreement to Acquire PBCO Financial Corporation

Highlights of the Announced Transaction Combines Two Strong Community Banks. Merges two relationship-driven deposit franchises with deep community roots and a shared commitment to superior customer service. Both institutions maintain over one-quarter of total deposits in non-interest-bearing deposits and carry a total cost of deposits under 1.40%, underscoring the strength and stability of their customer relationships.Strategic Geographic Alignment. This transaction marks Northrim’s first out-of