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Philippines Business News

Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.

4647 articles from Manila Times Business

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Manila Times Business

Alex Eala’s shirt sold out

MANILA, Philippines — Alex Eala's rising fame has transcended from sold out match tickets to sold out merchandise. Multiple reports stated that the Filipino tennis ace's new Nike shirt immediately sold out just minutes after being made available on the Nike website. The black shirt is priced at $42 or more than P2,500. In an Instagram story a few days ago, Eala posted the shirt featuring a gray floral graphic design with her name on the back. “I have my own shirt!! You know what to d

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Manila Times Business

Derrick Rose heads to Cebu for two-day basketball celebration

MANILA, Philippines — Cebu basketball fans are in for a treat as NBA legend and 2011 Most Valuable Player Derrick Rose makes his first visit to the Queen City of the South for “Rose Meets the Queen: Derrick Rose in Cebu,” a two-day celebration culminating on August 26 at SM Seaside City Cebu. The visit marks Rose’s third trip to the Philippines as an ArenaPlus brand ambassador and his first time in Cebu—one of the country’s biggest basketball hotbeds. The cele

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Manila Times Business

BTS Jimin’s touching moment with young cancer patient inspires ARMY to raise over $91K

MANILA, Philippines — A heartwarming moment between BTS member Jimin and a young fan battling cancer has inspired fans around the world to come together for a fundraising campaign that has raised more than $91,000. Jimin met pediatric cancer patient Olivya during BTS’ “Arirang” concert in Arlington, Texas, on Aug. 15, 2026. Through Heroes for Children, a Texas-based nonprofit organization supporting families with children and young adults battling cancer, pediatric cancer

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Manila Times Business

FUNaloMAX launches next-gen app

FUNALOMAX, a product of Solaire, has officially launched its next-generation mobile app alongside the highly anticipated MAX Rewards VIP program. Engineered to conquer the realities of Philippine internet connectivity, the new platform delivers world-class gaming prestige with lightning-fast accessibility. A technological game changer FUNaloMAX abandoned heavy third-party frameworks to build a custom, in-house architecture engineered for speed – faster load times, optimized screens for slo

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Manila Times Business

SuperiorMed Holdings Limited Announces Entering into an Agreement and Plan of Merger with Starry Sea Acquisition Corp

DUBAI, United Arab Emirates and NEW YORK, Aug. 22, 2026 (GLOBE NEWSWIRE) -- SuperiorMed Holdings Limited, a Cayman Islands company ("SuperiorMed” or the "Company”), a company that shall become the parent company of SuperiorMed Healthcare Management FZ-LLC, a company in the business of management and consulting service for certain medical institutions under the laws of the United Arab Emirates ("UAE”), announced today that it has entered into an Agreement and Plan of Merger (the "Merger Agreement

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Manila Times Business

Zambales declares state of calamity as damages reach P690M

ZAMBALES – Gov. Hermogenes Ebdane Jr. approved a resolution declaring the entire province of Zambales under a state of calamity following the combined effects of the enhanced southwest monsoon and tropical cyclones, which have caused nearly P690 million in infrastructure damage and agricultural losses. The declaration was based on the recommendation of the Provincial Disaster Risk Reduction and Management Council (PDRRMC) through a resolution submitted to the Sangguniang Panlalawigan (Prov

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Manila Times Business

Oil rises as Trump threatens sanctions on Iran partners

HOUSTON — International and US crude oil futures rose on Friday after US President Donald Trump threatened economic sanctions on Iran's trading partners, raising expectations of tighter supply in the coming weeks. International benchmark Brent crude futures LCOc1 settled at $94.39 a barrel, up 61 cents or 0.65 percent. US West Texas Intermediate crude CLc1 settled at $87.06 a barrel, up 23 cents or 0.26 percent. The Brent benchmark has gained 6.39 percent while WTI has risen 5.66 percent t

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Manila Times Business

SB19 fandom wins fourth Billboard Fan Army title

MANILA, Philippines — SB19’s A’Tin fandom has made Billboard history after defeating Harry Styles’ Harries to claim its fourth consecutive Fan Army Face-Off title, making it the most successful fanbase in the competition’s history. The latest triumph puts A’Tin ahead of T-ara’s Queens, which previously held the competition’s record with three consecutive wins from 2015 to 2017. A’Tin’s run to the 2026 title was marked by matchups agains

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Manila Times Business

Fil-Am actor Brandon Perea joins ‘Insidious’ universe

MANILA, Philippines — Filipino-American actor Brandon Perea is entering the terrifying world of Insidious as Nick, the male lead in Insidious: Out of the Further, the sixth installment of the supernatural horror franchise. Directed by Jacob Chase, the film follows Gemma, played by Amelia Eve, who discovers that she has the ability to travel into The Further, the mysterious realm that has been central to the Insidious films. However, her newfound ability comes with a dangerous consequence.

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Manila Times Business

Lindsay Clancy’s defense rests at trial over whether postpartum psychosis drove her to kill her kids

BOSTON — The defense rested its case Friday in the Lindsay Clancy murder trial after eliciting several days of testimony about her mental state before and after she strangled her three young children. Prosecutors then began calling rebuttal witnesses in the trial, which is likely entering its final days. Closing arguments are expected next week. Clancy, 36, has pleaded not guilty to murder charges in the deaths of her children Callan, Dawson and Cora Clancy, who ranged from 8 months to 5 y

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Manila Times Business

Lerøy Seafood Group ASA: Primary Insider Transaction

FERD AS, represented on the Board of Directors of Lerøy Seafood Group ASA by Are Dragesund, has on 21 August 2026 purchased 357,542 shares in Lerøy Seafood Group ASA. Following the transaction, FERD AS owns 13,860,090 shares in Lerøy Seafood Group ASA. The transaction concerns shares in Lerøy Seafood Group ASA (ISIN NO0003096208). Attached is a notification of the transaction pursuant to Article 19 of the Market Abuse Regulation (MAR). The transaction is subject to notification requirements unde

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Manila Times Business

BPO stalwart Locsin, 55

MANILA, Philippines — Albert Mitchell Locsin, known as a longtime advocate and stalwart of the Philippine business process outsourcing (BPO), died on Wednesday. He was 55. Among those who mourned his passing was the Customer Xperience Association of the Philippines (CXAP), where he served as chairman. “Mitch was more than a leader. He was a colleague, mentor, and friend whose warmth, dedication, and genuine care for people touched many lives. For nearly two decades, he served the Ass

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Manila Times Business

OnTime Posts 140.7% Revenue Surge to RMB 4.035 Billion, Gross Profit Tops RMB 500 Million in H1 2026

HONG KONG, GUANGZHOU and SHENZHEN, China, Aug. 22, 2026 /PRNewswire/ -- Chinese mobility technology and service provider OnTime (9680.HK) announced its first-half 2026 financial results on August 19, achieving record highs in revenue, gross profit and order volume. The company posted a 156.3% jump in gross profit, topping RMB 500 million, with gross margin expanding to 12.4% and net losses narrowing 45.2% year-on-year. For the first half of 2026, OnTime generated revenue of RMB 4.035 billion, a

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Manila Times Business

Tempo Mails Announces Free Temporary Email Service for Privacy-Focused Online Use

NEW YORK, Aug. 22, 2026 (GLOBE NEWSWIRE) -- Tempo Mails has announced the availability of its free temporary email service, providing users with disposable email addresses for short-term online registrations, verification messages and other situations where they may prefer not to use their primary email address. The web-based service generates a temporary email address without requiring users to create an account or purchase a subscription. Users can access an inbox directly through the Tempo Ma

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Manila Times Business

Supreme Court's chief justice allows work on Trump’s $400M White House ballroom to continue for now

WASHINGTON, D.C. — Chief Justice John Roberts on Friday allowed the White House to continue construction on President Donald Trump’s $400 million ballroom project for now, as the Supreme Court considers the Trump administration's emergency request to intervene in lawsuits over the project. The temporary order came hours before lower-court rulings would have forced a halt to aboveground construction of the project because Trump didn't get congressional approval. It will remain in plac

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Manila Times Business

'Habagat' affecting Luzon, localized thunderstorms over rest of PH

The southwest monsoon (habagat) would prevail over most of Luzon, bringing cloudy skies with scattered rain showers, and the rest of the country would have localized thunderstorms, the state weather agency Pagasa said Saturday morning. In its 3 a.m. weather bulletin, Pagasa reported that habagat would prevail over most of Luzon within the next 24 hours, bringing cloudy skies with scattered rains or thunderstorms to the Ilocos Region, Cordillera Administrative Region, Batanes, Cagayan, Zambales,

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Manila Times Business

Brandywine Realty Trust Announces Expiration of Tender Offer for the 2028 Notes

PHILADELPHIA, Aug. 21, 2026 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (NYSE:BDN) announced today the expiration of the previously announced cash tender offer (the "2028 Notes Tender Offer”) by its operating partnership, Brandywine Operating Partnership, LP (the "Operating Partnership”), for up to $50,000,000 in aggregate principal amount (the "2028 Series Cap”) of its outstanding 7.550% guaranteed notes due 2028 (the "2028 Notes”). The Operating Partnership previously announced that it had ext

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Manila Times Business

First Trust Portfolios Canada Announces Cap, Buffer and Dates of First Trust Vest U.S. Equity Buffer ETF - August

TORONTO, Aug. 21, 2026 (GLOBE NEWSWIRE) -- FT Portfolios Canada Co. ("First Trust Canada”), announced today that the cap, buffer and dates for the next Target Outcome Period for the First Trust Vest U.S. Equity Buffer ETF - August (AUGB.F) (the "fund” or "August Buffer ETF”) are as follows: TICKERCAPBUFFEROUTCOME PERIOD AUGB.F16.71% (Gross)10%24/08/2026 - 20/08/2027 The previous Target Outcome Period for AUGB.F concluded on August 21, 2026 and the upside cap for the new Target Outcome Period has

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Manila Times Business

Elseland Unveils 20 Games Created with AI, Advancing AI Game Development at Scale

What began as a solo AI experiment has grown into a team production system that turns diverse ideas into playable games faster. SINGAPORE and LOS ANGELES, Aug. 22, 2026 /PRNewswire/ -- Elseland today unveiled 20 new original games created with AI across every stage of production. The collection will join the growing catalog on Elseland's open world game platform and spans match 3, puzzle, arcade, action, hypercasual and interactive narrative genres. It demonstrates how AI game development can he

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Manila Times Business

New Crypto Pepeto Announces Crossing 41,000 Buyers Fast as the BNB Price Prediction Targets $1,755

DUBAI, United Arab Emirates, Aug. 22, 2026 (GLOBE NEWSWIRE) -- Pepeto, the new crypto going viral across the market, has announced crossing 41,000 presale buyers. The buyers who entered during the fear are now joined by buyers arriving even faster during the rally, and every cycle explains that rush one way: crypto's biggest returns go to the people who bought before the first listing, while everyone else chases them later. That is why this page is worth reading to the end: a presale adding thou

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Manila Times Business

President Trump to stump for Sen. Darline Graham days ahead of South Carolina's GOP Senate runoff

MYRTLE BEACH, S.C. — President Donald Trump is scheduled to travel to South Carolina on Friday to make a last-minute appeal for Sen. Darline Graham, his chosen candidate to replace her brother, the late Sen. Lindsey Graham, ahead of a Republican runoff next week. Voters will decide Tuesday whether Graham or Rep. Ralph Norman will be Republicans' nominee on the November ballot. The Myrtle Beach rally is the sort of campaign trail occasion that Trump hasn’t done as much of this year, c

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Manila Times Business

Court cuts $50M judgment against Infowars' Alex Jones over falsely labeling Newtown killings a hoax

AUSTIN — A Texas court on Friday slashed a $50 million judgment that conspiracy theorist Alex Jones was ordered to pay families of the 2012 Sandy Hook Elementary School massacre over his false claims that one of the deadliest mass shootings in U.S. history was a hoax. The Infowars founder can only be forced to pay about $6 million, the Texas Third Court of Appeals ruled in a unanimous opinion, citing state laws that limit lawsuit damages. The ruling does not affect a separate $1.25 billion

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Manila Times Business

FLUENT Reports Second Quarter 2026 Results

Q2 2026 Revenue brought in $17.1M Ended quarter with $4.5 million of cash and cash equivalents New Interim CEO appointed TAMPA, Fla., Aug. 21, 2026 (GLOBE NEWSWIRE) -- FLUENT Corp. (CSE: FNT.U) (OTCQB: CNTMF) ("FLUENT" or the "Company"), a vertically-integrated, multi-state cannabis company, today announced its financial and operating results for the second quarter ended June 30, 2026. Unless otherwise indicated, all financial results are presented in U.S. dollars. Management Commentary "As we m

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Manila Times Business

Ocean Power Technologies, Inc. Provides Required Disclosure

MONROE TOWNSHIP, N.J., Aug. 21, 2026 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT” or the "Company”) (NYSE American: OPTT), a leader in maritime operational infrastructure and autonomous ocean systems, announced that its Financial Statements included in its Annual Report on Form 10-K for the year ended April 30, 2026, contained an audit report from its Independent Registered Public Accounting Firm with an explanatory paragraph emphasizing a going concern qualification. Release of thi

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