Philippines Business News

Pounding waves open up sinkhole in swanky Malibu

LOS ANGELES, United States — Pounding surf lashing the swanky California enclave of Malibu on Tuesday opened up a giant sinkhole on the driveway of a house reportedly belonging to US actor Nicholas Cage. Aerial pictures taken by AFP show concrete and other detritus have slid into the hole on the road side of the multi-million-dollar oceanfront property. Traffic cones are set back from the crater, which appears to be perilously close to swallowing the house's double garage. Waves that are p

XORTX Re-Engages Investor Relations Program

CALGARY, Alberta, Sept. 08, 2026 (GLOBE NEWSWIRE) -- XORTX Therapeutics Inc. ("XORTX" or the "Company”) announces that, following completion of its previously announced voluntary delisting from the TSX Venture Exchange, XORTX has re-engaged IR Agency LLC pursuant to a consulting agreement providing for investor relations and marketing services on substantially the same terms previously disclosed by the Company in its news releases dated May 19, 2026 and August 28, 2026. About XORTX Therapeutics

Battalion Oil Corporation Announces Strategic Investment in Collide, the AI-Native Operations System for Oil and Gas

Houston, Texas, Sept. 08, 2026 (GLOBE NEWSWIRE) -- Battalion Oil Corporation (NYSE American: BATL, "Battalion" or the "Company") today announced an equity investment in Collide Industrial Technologies Inc. ("Collide") and "Strategic Partner” designation. Collide provides an AI-native operations system purpose-built for oil and gas that automates high-value engineering and operational workflows across upstream, midstream, and oilfield services sectors. The system is designed to reduce operating c

The North West Company Inc. Announces Second Quarter Earnings and an Increase in the Quarterly Dividend

WINNIPEG, Manitoba, Sept. 08, 2026 (GLOBE NEWSWIRE) -- (TSX: NWC): The North West Company Inc. (the "Company” or "North West”) today reported its unaudited financial results for the second quarter ended July 31, 2026. It also announced that the Board of Directors has declared a quarterly dividend of $0.42, an increase of $0.01 or 2.4% per share, to shareholders of record on September 30, 2026, to be paid on October 15, 2026. "We delivered strong second quarter sales growth driven by same-store s

17 Education & Technology Group Inc. Announces Second Quarter 2026 Unaudited Financial Results

BEIJING, Sept. 09, 2026 (GLOBE NEWSWIRE) -- 17 Education & Technology Group Inc. (NASDAQ: YQ) ("17EdTech” or the "Company”), a leading AI-powered application service provider focused on personalized learning solutions, today announced its unaudited financial results for the second quarter of 2026. Second Quarter 2026 Highlights1 Net revenues were RMB90.1 million (US$13.3 million), compared with net revenues of RMB25.4 million in the second quarter of 2025.Gross margin was 69.2%, compared with 57

Seres Therapeutics Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

CAMBRIDGE, Mass., Sept. 08, 2026 (GLOBE NEWSWIRE) -- Seres Therapeutics, Inc. (Nasdaq: MCRB) ("Seres” or the "Company”), a leading live biotherapeutics company, today announced that on September 4, 2026, the Compensation and Talent Committee of Seres’ board of directors granted inducement equity grants consisting of stock options to purchase an aggregate of 4,200 shares of its common stock to two new employees. These stock options are subject to the terms of the Seres Therapeutics, Inc. 2022 Emp

ChatGPT for Teens Meets Back-to-School: How Parents Can Turn AI Into a Smarter Learning Partner In Discussion with YourUpdate.TV

Meaghan B. Murphy, a ChatGPT power user and mom, partners with OpenAI, in conjunction with D S Simon Media, on a nationwide media tour discussing how ChatGPT for Teens is designed to help teens think critically and learn, with built-in protections for teens and additional controls for parents Meaghan B. Murphy, a ChatGPT power user and mom, partners with OpenAI, in conjunction with D S Simon Media, on a nationwide media tour discussing how ChatGPT for Teens is designed to help teens think critic

Manila Broadcasting Company to conduct Annual Meeting of Stockholders on Oct. 1

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Iran targets U.S. base in Jordan, attacks ships after tanker strikes

Philippine jobless rate rises to 6%, highest in four years

THE PHILIPPINES’ unemployment rate jumped to the highest in four years in July, as the labor force expanded faster than employment, leaving 3.14 million Filipinos without jobs.

Filipino students improve PISA scores, but proficiency lags

THE PHILIPPINES saw improved scores for reading, mathematics and science in the latest Programme for International Student Assessment (PISA), but most 15-year-old Filipino students still had below baseline proficiency in all three subjects.

Philippines’ dollar reserves hit five-month high in August

THE PHILIPPINES’ dollar reserves recovered to a five-month high in August amid higher gold prices and net earnings from its foreign investments, the Bangko Sentral ng Pilipinas (BSP) said.

Business leaders urged to pivot toward adaptability as ‘flux’ becomes constant

PHILIPPINE BUSINESS leaders must treat economic headwinds as an operating reality rather than a temporary disruption and adopt strategies that can withstand structural shifts, top executives said.

DHI expects Q4 completion of Tampakan-linked merger

DOMINION Holdings, Inc. (DHI) expects its proposed merger with two companies that collectively hold 100% of the voting rights in Sagittarius Mines, Inc. (SMI), operator of the Tampakan Copper-Gold Project, to be completed by the fourth quarter (Q4), subject to shareholder and regulatory approvals. In its comprehensive corporate disclosure filed on Monday, DHI said the […]

I&C set to acquire 27% stake in ABS-CBN

PRIVATE investment holding company I&C Holdings Corp. is set to acquire a 27.06% stake in listed media company ABS-CBN Corp. through a P3.5-billion investment, making it the company’s second-largest shareholder. In a comprehensive corporate disclosure filed with the Philippine Stock Exchange (PSE) on Tuesday, ABS-CBN said I&C will subscribe to P3.5 billion worth of shares […]

Meralco seeks ERC nod for 20-year Cagbalete microgrid service

POWER DISTRIBUTOR Manila Electric Co. (Meralco) is seeking approval from the Energy Regulatory Commission (ERC) to operate as a distribution utility microgrid system provider on Cagbalete Island in Mauban, Quezon, for 20 years. In a filing with the ERC, Meralco sought approval of its microgrid system provider service contract with the National Power Corp. (NPC) […]

Weak economy to challenge PHL banking sector

PHILIPPINE BANKS should brace for prolonged volatility if the economy fails to regain its footing over the next year, S&P Global Ratings said.

Uniqlo opens more stores in Philippines

FAST RETAILING Co., Ltd., the operator of Uniqlo, is expanding its Philippine retail network through new store openings and upgrades in provincial markets and transport hubs for the Fall/Winter 2026 season. “Uniqlo continues to strengthen its presence across the Philippines with three new store openings and three expanded stores scheduled for the Fall/Winter 2026 season,” […]

Reintroducing a Filipino symbol of humor

FOR Ronelson Yadao, artistic director of Alice Reyes Dance Philippines (ARDP), their next production is something regular dance and theater audiences will find different and unexpected — because it will bring Kenkoy, an unusual fictional Filipino character, back into public consciousness.

Bond yields climb as uncertainty weakens demand for long tenors

THE GOVERNMENT made a partial award of the reissued 10-year Treasury bonds (T-bonds) it offered on Tuesday as yields climbed, with the market unwilling to lock in their cash in longer tenors due to economic risks. The Bureau of the Treasury (BTr) borrowed only P20.701 billion from the bonds, short of the P30-billion target, as […]

BoI grants registration to P19.82-B SteelAsia Batangas plant

THE Board of Investments (BoI) has granted a Certificate of Registration to SteelAsia Lemery Works, Inc. (SLWI) for its P19.82-billion steel manufacturing facility in Batangas. In a statement on Tuesday, the BoI said the project will be the country’s first manufacturing facility for medium steel sections. The 72-hectare facility will be located in Barangay Mataas […]

Bank lending growth picks up in July

PHILIPPINE BANKS’ lending to businesses and consumers grew faster in July, mainly driven by loans to residents, preliminary Bangko Sentral ng Pilipinas (BSP) data showed. Universal and commercial banks’ total outstanding loans, net of reverse repurchase agreements, rose by 10.4% year on year to P14.98 trillion at end-July from P13.574 trillion. This picked up from […]

PHL posts highest mobile broadband cost among emerging digital peers — ESCAP

THE PHILIPPINES posted the highest mobile broadband and voice cost among Asia-Pacific economies classified as emerging digital performers, highlighting an affordability gap as countries prepare for more advanced artificial intelligence (AI)-ready infrastructure, according to the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP). In its Asia-Pacific Digital Transformation Report 2026, ESCAP […]

Last Dance presents queer men’s vulnerabilities onstage

A NEW GLIMPSE into a distinctly queer experience will take the stage through an intimate ensemble play titled Last Dance – Hubo’t Hubad, presented by JAPS Collectives and World Theater Productions. The show will run from Sept. 29 to Oct. 29 at the Halxyon Club in Poblacion, Makati City. Written and directed by theater actor, […]