Philippines Business News

Post-listing value, expansion to define GCash IPO success — analyst

The ultimate success of GCash operator Mynt Inc.’s Initial Public Offering will be defined by sustainable post-listing value creation and regional expansion, rather than its initial P10 maximum price ceiling, according a capital market expert.

Riyadh Air to increase Manila-Riyadh flights to daily service in October

Saudi Arabia's second official national flag carrier, Riyadh Air, will increase its Manila-Riyadh service from four flights a week to daily operations starting next month.

Investors may be underpricing how far rate hikes could go, Deutsche says

[Ask the Tax Whiz] Pandora’s box: Can PH turn corruption into an economic turning point?

Mr. President, you opened Pandora’s box. The test of your legacy is whether the government you leave behind can hold the powerful accountable.

LPG prices may rise by P10-P25 per kilo in October, retailers say

Retailers cite rising global contract prices and shipping costs.

Century Properties brings its signature resort living to General Trias Cavite

Cerulean Residences leans heavily into its name and water-inspired theme.

Merz under pressure after fresh AfD win in state election

Houthi-Saudi tensions rise; U.S.-China AI safety plan - what’s moving markets

Crypto Update: Pepeto Announces Multiple Exchange Listings While XRP Price Prediction Targets $8

Dubai, UAE, Sept. 20, 2026 (GLOBE NEWSWIRE) -- Pepeto has announced multiple exchange listings are lined up, Binance expected to be confirmed soon, and talk around that deal grows louder weekly, people close to it saying the signatures already sit away from cameras. Searches climb across dozens of countries, more than $11 million now fills the raise, and history is clear on tokens reaching Binance mid bull run: billion-dollar stories start exactly there. This crypto update tracks that shift. On

Randstad Malaysia scales operations amid strong growth in permanent and flexible talent solutions

KUALA LUMPUR, Malaysia, Sept. 21, 2026 /PRNewswire/ -- Randstad Malaysia, the globally leading recruitment and HR services agency, has expanded its physical footprint at Bangsar South, Kuala Lumpur, adding Level 5 to its existing office presence at Level 3A. The real estate expansion directly supports a 15% Year-on-Year (YoY) increase in internal headcount, reflecting sustained demand across both permanent recruitment and flexible workforce solutions despite broader regional macroeconomic cautio

Verdant Rock Secures 30% Quota Share Reinsurance Treaty with A+ Rated Panel, Expanding Emerging Market Guarantee Capacity

Reinsurance panel carries an average A+ financial strength rating from AM Best or S&P; treaty deepens security behind each financial guarantee Verdant Rock issues and unlocks capacity for future growth HAMILTON, BERMUDA - Media OutReach Newswire - 14 September 2026 - Verdant Rock Limited ("Verdant Rock"), a Bermuda‑based Class 3B insurer and financial guarantor focusing on emerging markets, has closed a 30% quota share reinsurance treaty with a panel of leading global reinsurers. The panel carri

Banyan Announces $50 Million LIFE Offering and Concurrent $8 Million Private Placement

Not for distribution to United States newswire services or for dissemination in the United States VANCOUVER, British Columbia, Sept. 20, 2026 (GLOBE NEWSWIRE) -- Banyan Gold Corp. (TSXV:BYN) (OTCQB: BYAGF) ("Banyan” or the "Company”) announces today that it has entered into an agreement pursuant to which Canaccord Genuity Corp. has agreed to act as lead agent and sole bookrunner, for and on behalf of a syndicate of agents (the "Agents”), in connection with a best efforts private placement (the "

Qfin Holdings Announces Changes in Management and Board Composition

SHANGHAI, China, Sept. 20, 2026 (GLOBE NEWSWIRE) -- Qfin Holdings, Inc. (NASDAQ: QFIN; HKEx: 3660) ("Qfin Holdings” or the "Company”), a leading AI-empowered Credit-Tech platform in China, today announced changes in its senior management and the composition of its board of directors (the "Board”). In light of the growth and potential of the Company’s international business and its long-term strategic development, Mr. Haisheng Wu, the chief executive officer and a director of the Company, intends

Carney and Macron deepen ties as Canada turns toward Europe and away from US dependence

SAINT-PIERRE, Saint-Pierre-et-Miquelon — Canadian Prime Minister Mark Carney and French President Emmanuel Macron moved Sunday to deepen a strategic partnership spanning space, defense, energy and business, another step in Canada’s accelerating turn toward Europe as relations with the United States deteriorate. They met in Saint-Pierre-et-Miquelon, a French territory just off Newfoundland’s coast where France and Canada are separated by only a few kilometers — a striking

ICE agent shoots and wounds man in Austin, Texas — officials say

AUSTIN, Texas — A U.S. Immigration and Customs Enforcement officer shot and wounded a man Sunday afternoon in Texas' capital of Austin, local authorities said. The unnamed man was in serious but stable condition at a hospital after being shot once in the torso on the city's north side, Austin Police Chief Lisa Davis said at a news conference with the city's mayor and other officials present. The Department of Homeland Security, which oversees ICE, did not participate in the news conference

BOP shortfall narrows to $596 million in August

THE Philippines’ balance of payments (BOP) remained in deficit in August, but the shortfall narrowed, data from the Bangko Sentral ng Pilipinas (BSP) showed. At $596 million, the shortfall was lower than the $1.47-billion deficit recorded a month earlier. It is, however, a reversal from last year’s $359-million surplus. The result brought the year-to-date BOP higher to $5.94-billion shortfall, higher than the $5.39 billion recorded in January-August 2025. “The year-to-date BOP

Digital payments top P22T as of end-August

DIGITAL payment activity continued to expand sharply in the first eight months of the year, with money coursed through the country’s two major electronic fund transfer systems surpassing P22 trillion. Combined transaction value reached P22.12 trillion from January to August 2026, up 44.72 percent from the P15.29 trillion recorded in the same period in 2025, data from the Bangko Sentral ng Pilipinas (BSP) showed. The two payment systems processed a total of 5.77 billion transactions during

Today's Weather, 5 A.M. | Sept. 21, 2026

Bessent proposes U.S.-China AI safety system in talks with China

Specialised Therapeutics Expands Partnership with Incyte to Include Ruxolitinib Cream (Opzelura®) in Australia

SINGAPORE, Sept. 21, 2026 /PRNewswire/ -- Independent biopharmaceutical company Specialised Therapeutics (ST) today announced an expansion of its existing partnership with Incyte Biosciences International, an affiliate of Incyte (NASDAQ: INCY), to commercialise, distribute, and register ruxolitinib cream (registered as Opzelura® in the U.S. and European Union) in Australia. Ruxolitinib (1.5%) cream is a novel, topical Janus kinase (JAK) inhibitor.[1] In the U.S., OPZELURA is indicated for the to

Coherent Showcases Optical Innovations to Scale AI Infrastructure at ECOC 2026

SAXONBURG, Pa., Sept. 20, 2026 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), the global leader in photonics, today announced new optical technologies and live demonstrations designed to help customers scale AI infrastructure at the European Conference on Optical Communication (ECOC) 2026 in Málaga, Spain. At Stand 2100, Hall 2, Coherent will showcase innovations spanning AI datacenter connectivity, co-packaged optics (CPO) and near-packaged optics (NPO), next-generation pluggable transceivers

Delhi Wardrobe Rentals Rise in 2026 as ₹10,000 to ₹30,000 Purchase Costs and Repeat Relocation Bills Push Tenants Toward ₹244/Month Plans Like Rentomojo

Short lease cycles across Dwarka, Saket and Mayur Vihar are pushing Delhi tenants to match storage furniture to tenure, as dismantling costs and weak resale narrow the case for buying a wardrobe outright. Rent Cupboard, Wardrobe & Almirah in Delhi Rentomojo's wardrobe on rent in Delhi is available in 2-door, 3-door, and 4-door configurations with home delivery and free installation within 48-72 hours. Free repairs and relocation within and outside Delhi are included in all wardrobe rental plans.

DPM Metals Expands Brevene Porphyry South Discovery with New High-Grade Intercepts

TORONTO, Sept. 20, 2026 (GLOBE NEWSWIRE) -- DPM Metals Inc. (TSX: DPM, ASX: DPM)(ARBN: 689370894) ("DPM” or "the Company”) is pleased to report results from delineation drilling at the Brevene Porphyry South high-grade, gold-copper discovery, located in the southeastern part of the Company’s Brevene exploration licence and contiguous with the Chelopech mine concession. Highlights include: New significant drillhole intercepts:EX_BRES_555_02A: An additional 679 metres have been drilled and assayed

New Crypto: Remittix Builds Toward Its Global Payments Launch as Ethereum Price Prediction Targets $6,000

Remittix moves its crypto-to-fiat ecosystem toward wider availability as bullish Ethereum forecasts highlight growing interest in blockchain settlement and digital payments MAJURO, Marshall Islands, Sept. 20, 2026 (GLOBE NEWSWIRE) -- Remittix is building toward the global launch of its crypto-to-bank payments ecosystem, with the project reporting continued presale progress and active development across PayFi, trading, mobile wallet and earning products. The announcement arrives as bullish Ethere