Philippines Business News

DepEd welcomes House approval of P975.96B proposed 2027 budget; Angara vows transparent, impactful use of funds

THE Department of Education (DepEd) expressed its gratitude to the House of Representatives following the plenary floor approval of the agency’s proposed P975.96 billion budget for Fiscal Year 2027, which accounts for 13.55 percent of the total P7.2 trillion national budget. The allocation includes bipartisan support from lawmakers to restore or augment critical programs beyond the original National Expenditure Program (NEP) proposal. Education Secretary Sonny Angara praised the House lead

Bill Gates demands federal AI guardrails, warns of "a billion deaths"

ManilART’26: Where the line begins

BEFORE form, color, texture, and volume, there is the line. For its 18th edition, ManilART presents Where the Line Begins, a celebration of the line as the fundamental language of visual art. This year celebrates the line as the first gesture that transforms thought into image, imagination into form, and ideas into visual reality. ManilART’26 runs from October 14 to 18, 2026, at the SMX Aura Convention Center in Taguig City, bringing together galleries, artists, collectors, cultural instit

European Commission grants marketing authorisation for NEZGLYAL® (leriglitazone), the first pharmacological treatment approved for cerebral Adrenoleukodystrophy (cALD), a rare neurodegenerative disease

Approval is based on NEXUS data and follows positive CHMP opinion in July; first European launch is expected by end of 2026 BARCELONA, Spain and DÜSSELDORF, Germany, Sept. 25, 2026 (GLOBE NEWSWIRE) -- Neuraxpharm Group and Minoryx Therapeutics today announce that the European Commission (EC) has granted marketing authorisation under exceptional circumstances for NEZGLYAL® (leriglitazone), an orally bioavailable, brain penetrating, selective PPAR gamma agonist, as a treatment for male cALD patien

Sampo books an impairment loss on intangible assets related to its IT systems in Denmark

Sampo plc, press release, 25 September 2026 at 10:00 am EEST Sampo books an impairment loss on intangible assets related to its IT systems in Denmark Sampo’s Topdanmark integration has progressed to a phase where the focus has been on finalizing the core IT system harmonization in Denmark. Hence, Sampo has conducted an impairment test on its intangible assets related to IT systems in connection with the integration of Topdanmark operations into If Group. As a result of the test, Sampo will recog

Mortgage bond auction - Nykredit Realkredit A/S

25. September 2026 Mortgage bond auction Nykredit will conduct an auction on Tuesday 29 September 2026 through Bloomberg's auction system AUPD. The auction will be held with 1 October 2026 as value date, and bids correct to two decimals will be accepted at the auction. Bids must be made in terms of amount and price. Bids above the cut-off price will be settled in full and bids at the cut-off price may be accepted on a pro rata basis. The following covered bond will be offered: ISIN:Name:Currency

Mortgage bond auction - Totalkredit A/S

25. September 2026 Mortgage bond auction Nykredit will conduct an auction on Tuesday 29 September 2026 through Bloomberg's auction system AUPD. The auction will be held with 1 October 2026 as value date, and bids correct to two decimals will be accepted at the auction. Bids must be made in terms of amount and price. Bids above the cut-off price will be settled in full and bids at the cut-off price may be accepted on a pro rata basis. The following covered bond will be offered: ISIN:Name:Currency

Carlos Yulo snares second gold in Asian Games

MANILA, Philippines — Carlos Yulo delivered the second gold medal for the Philippines in just less than 24 hours. The two-time Olympic gold medalist dominated the men’s vault and gave the audience a complete deja vu after scoring 14.599 points, upping his difficulty to 5.6 points, surprising his opponents with a double pike, half turn, and a small hop. Yulo, who slipped during the vault preliminaries, turned things around and proved why he's the reigning vault king in the Olympics. H

ArcelorMittal announces that it is unable to safely and sustainably restart operations at ArcelorMittal Kryvyi Rih following multiple recent missile strikes

25 September, 08:30 CET Further to the statements issued on 17 August and 14 September following missile strikes on ArcelorMittal Kryvyi Rih, ArcelorMittal (‘the Company’) has with deep regret advised the Government of Ukraine that it is unable to restart operations at its Ukrainian subsidiary in a safe and sustainable manner. Over the past five weeks, ArcelorMittal Kryvyi Rih has been targeted by four missile strikes, resulting in fatalities, injuries and extensive damage to production faciliti

Fed’s Schmid questions if AI ecosystem is "too-big-to-fail"

Philippines accuses China of obstructing resupply mission in South China Sea

MANILA — The Philippine Coast Guard (PCG) accused China on Friday of obstructing a resupply mission to troops…

Creative sector hits ₱2.12T as DTI eyes regional export growth

The Philippine creative economy expanded to ₱2.12 trillion, equivalent to 7.6% of gross domestic product (GDP), as the…

Lakam Chiu released after posting bail, pleads not guilty

MANILA, Philippines — Lakambini “Lakam” Chiu, sister of actress Kim Chiu, pleaded not guilty to 124 counts of qualified theft and posted a P5.6 million surety bond. Lakam attended the proceedings through videoconferencing on Thursday, according to her lawyer, Atty. Dominic Solis. “Our client entered the plea of not guilty to the charges of qualified theft via video conferencing. Our client is holding up quite well considering the circumstances,” Solis said in statem

Watch : River overflows, flooding homes in southern Chile

Flooding in southern Chile leaves16 people stranded and 74 homes damaged, after a river in Lanco, Los Rios region, burst its banks. Veronica Villa, a Lanco resident, tells AFP flooding had happened before but water had not reached homes for 30 years. VIDEO BY AGENCE FRANCE-PRESSE Check out our Streaming Channel: https://streaming.manilatimes.net/ Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribe Visit our website at https://www.manilatimes.net Follow us: Facebook - https://tmt.p

Apeing Enters Stage 5 of Presale as Community-Focused Ethereum Token Surpasses $106,000 Raised

NEW YORK, Sept. 25, 2026 (GLOBE NEWSWIRE) -- Apeing, a community-focused cryptocurrency project built on Ethereum, has entered Stage 5 of its token presale, introducing the latest phase of its launch as the project continues expanding participation across its community. The Apeing project is designed around community participation, holding, staking, referrals, and reward-based engagement. Operating on Ethereum using the ERC-20 standard, Apeing is structured to support compatibility with establis

PAL to launch nonstop Manila flights to Delhi, Mumbai in December 2026

Delhi is India’s capital and a gateway to northern India, while Mumbai is the country’s financial and commercial center

AI might run your first job interview as JobStreet launches new hiring tools

‘AI is there to support, but the decision is always on the employer and on the candidate. What AI will do is give you recommendations,’ JobStreet managing director Dannah Majarocon tells Rappler

Philippine home prices post slowest ever growth in Q2 2026— BSP

By Katherine K. Chan, Reporter Home prices in the Philippines grew by the slowest pace on record in…

Philippines’ BFSI sector accelerates into the future as WFIS 2026 unites 1,000+ leaders

It was two days of intense discussions driven by some of the most influential leaders in the region’s banking, insurance and fintech ecosystem.

ITCZ brings rain over Mindanao amid Tropical Storm Surigae

The entire Mindanao and two areas in the Visayas will experience scattered rains due to the Intertropical Convergence…

Philippine managers cut hours of reporting to minutes using everyday AI tools

The examples are participant-reported, the AI-assisted times include review and corrections and results vary by task.

Philippine president pardons drug convict Mary Jane Veloso

MANILA — Philippine President Ferdinand R. Marcos Jr. said on Friday he had granted a pardon to Mary…

Mynt IPO gains global spotlight amid CEO Sazon's UN Summit message

Mynt President and CEO Martha Sazon’s call for Filipinos to be allowed to “borrow with dignity” has placed financial empowerment at the center of the company’s global narrative at a pivotal moment.

Saudi, Turkish, Pakistani representatives to meet amid Yemen fighting - Al Jazeera