Philippines Business News

2 planes with the same flight number avoid possible disaster thanks to quick-thinking controller

MIAMI — A potential disaster was averted Friday when a Phoenix air traffic controller recognized two American Airlines jets mistakenly were flying the same flight number and acted quickly to avoid confusion and keep them a safe distance apart. Audio of the incident shortly after midnight Friday shows how he found a solution to ensure the planes that were both called American 2482 maintained proper separation as one plane arrived from Chicago shortly after the other had taken off in Phoenix

PayPal in talks with Stripe and private equity firm over sale — report

SAN FRANCISCO — After rejecting a previous offer, payments giant PayPal is considering a new deal to sell itself to a group of investors that includes private financial company Stripe, according to a Wall Street Journal report Friday. In July, Stripe and private equity firm Advent International made a joint offer to buy the digital payments pioneer for $60.50 a share, which would have valued PayPal at around $53 billion, according to media reports. That's an 85 percent haircut compared to

Westlake Corporation Declares Quarterly Dividend

$0.533 per share dividend declared payable on September 10, 2026 HOUSTON, Aug. 14, 2026 (GLOBE NEWSWIRE) -- The Board of Directors of Westlake Corporation (NYSE: WLK) today declared a regular dividend distribution of $0.533 per share for the second quarter of 2026. This dividend will be payable on September 10, 2026 to stockholders of record on August 25, 2026. Westlake announced its first dividend on November 11, 2004 and has successively been paying and increasing its dividend for the past 22

Brixton Metals Announces Closing of First Tranche of Private Placement

NotfordistributiontoUnitedStatesNewswireServicesorfordisseminationintheUnitedStates VANCOUVER, British Columbia, Aug. 14, 2026 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (TSX- V: BBB,OTCQX: BBBXF) (the "Company” or "Brixton”) is pleased to announce that it has closed the first tranche of its non-brokered private placement offering (the "Offering”). In connection with closing of the first tranche, the Company has issued 6,779,767 units (each, a "Unit”) at a price of $0.66 per Unit, for gross

Paul Mueller Company Announces Quarterly Cash Dividend

SPRINGFIELD, Mo., Aug. 14, 2026 (GLOBE NEWSWIRE) -- Paul Mueller Company (OTC: MUEL) today announced that its Board of Directors has declared a cash dividend of 35 cents ($0.35) per share on its outstanding common stock. The action was taken on August 14, 2026, at a regular meeting of the Board of Directors. The dividend of 35 cents ($0.35) per share is payable on September 25, 2026, to shareholders of record on August 25, 2026. Press Contact: Daniel Winters | Paul Mueller Company | Springfield,

AI/R Launches Business Unit Focused on Growth, Journey Optimization, and Data and AI-driven Growth

AI/R RUN integrates Martech, CRM, and Growth Marketing strategies to maximize efficiency and accelerate business growth SAN FRANCISCO, Aug. 14, 2026 (GLOBE NEWSWIRE) -- AI/R, a technology company specialized in Agentic AI, announces the launch of AI/R RUN, a new business unit dedicated to transforming digital operations and customer journeys into measurable outcomes. The offering spans initiatives ranging from data architecture and activation to experience design and the development of acquisiti

US, Canada face sticking points before 50% tariff deadline

How fast can the U.S. build data centers amid labour concerns?

Putin says Russia, North Korea coordinating on regional security

UK unveils £65 million drought support for farmers

AGI profit rises to P16 billion

Conglomerate Alliance Global Group Inc. (AGI) of tycoon Andrew Tan saw its profit inch up in the first semester, supported by its diversified portfolio.

‘BSP sees less need for aggressive rate hikes’

The Bangko Sentral ng Pilipinas can afford to be less aggressive in raising interest rates as economic growth remains below potential, but policymakers still need to see a more convincing decline in inflation before relaxing their stance, BSP Governor Eli Remolona Jr. said.

Cebu Pacific off to good start in second half

The country’s largest carrier grew its passenger volume to more than 2.2 million in July, putting it on pace for a better second half as it tries to bounce back from its net loss.

Cosco books higher profit in first half

Strong operating performance across major business segments boosted earnings of Cosco Capital Inc. by 9.2 percent to P8.3 billion in the first half.

Cutting people for AI?

I came across an industry article saying that the hottest new job title in corporate America isn’t “AI specialist.” It’s “Please come back; We made a terrible mistake.””

DA lifts ban on imported canned pork

The Department of Agriculture (DA) has lifted the temporary ban on imported canned pork products, a mandate the Philippines has imposed since 2019.

Dairy industry posts gains in six months

The country’s dairy industry saw sustained gains in the first half, driven by rising production, herd expansion and higher farmgate prices, according to the National Dairy Authority (NDA).

DBP rolls out deposit campaign to widen funding base

State-run Development Bank of the Philippines (DBP) is seeking to attract more deposits to expand its funding base to various support lending activities.

ERC steps up push to clear regulatory backlogs

In just a year, the Energy Regulatory Commission (ERC) made a major dent in its long-standing backlog, clearing nearly 400 electricity supply deals and power infrastructure projects.

Government to restore P107 billion PDIC funds over 2 years

The government seeks to restore the entire P107.23 billion previously remitted by the Philippine Deposit Insurance Corp. (PDIC) to the national coffers over two years, starting with P57 billion under the proposed 2027 national budget.

GT Capital nets P16.4 billion in January-June

GT Capital Holdings Inc., the diversified conglomerate of the Ty family, delivered lower earnings in the first half, with the group’s performance mirroring a general slowdown in economic activity.

Knee-jerk reaction

During his State of the Nation Address last month, President Marcos called on Congress to amend the Electric Power Industry Reform Act (EPIRA) to remove system loss charges from consumer electricity bills.

New European partner set to join LEC in September

The Luzon Economic Corridor (LEC) initiative is set to welcome a new European partner next month, according to Finance Secretary Frederick Go.

Security Bank income rises 4 percent to P6 billion

Security Bank Corp. booked a four-percent increase in net income to P6.08 billion in the first half from P5.86 billion a year ago, as stronger net interest earnings and improved operating efficiency offset higher credit provisions and losses from foreign exchange and trading activities.