Philippines Business News

Jaja Santiago targets PVL bronze after Creamline’s title dreams end

MANILA, Philippines — With Creamline Cool Smashers acquiring 6-foot-5 middle-blocker Jaja Santiago, the team was highly projected to enter the finals of the 2026 Premier Volleyball League (PVL) Invitational Conference. But that is not the case. Despite the stacked roster of stars that Creamline has, the Sherwin Meneses-mentored team was relegated to the bronze medal match after a gruesome five-set loss over the defending champion PLDT High Speed Hitters, 25-17, 23-25, 21-25, 25-23, 15-12,

Meet New MGTL Series: Sungrow's Latest Innovation for Homes and Businesses

DA NANG, Vietnam, Sept. 7, 2026 /PRNewswire/ -- Sungrow, the global leading PV inverter and energy storage system provider, proudly announced the launch of the next-generation three-phase hybrid inverters MGTL Series across Southeast Asia, Africa, Latin America, and beyond. Meet New MGTL Series: Sungrow’s Latest Innovation for Homes and Businesses The MGTL Series covering a power range from 10 kW to 25 kW, integrates solar and energy storage capabilities into a highly integrated solution, helpin

Student startup entries target environmental, farm challenges

The Quezon City Government, through its Local Economic Development and Investment Promotions Office (LEDIPO), awarded student innovators developing technology-based solutions for environmental and agricultural challenges at the third Startup QC Student Competition at the Quezon City M.I.C.E. Center. Student entrepreneurs are developing technology-based solutions to environmental and agricultural challenges, as the Quezon City Government seeks […]

Big fuel price hike set for September 8 after last week’s rollback

Despite last week’s price cuts, diesel and gasoline are again under pressure from Middle East tensions, tight fuel supply and a weaker peso

UBS expects the Fed to lift rates twice before the end of the year. Here’s why.

Enhanced southwest monsoon to drench Luzon, Visayas until Wednesday

The enhanced southwest monsoon is expected to bring heavy rainfall and thunderstorms in Luzon and Visayas until Wednesday, heightening the risk of flooding and landslides, especially in high-risk areas, according to the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) on Monday. The southwest monsoon, being enhanced by tropical depression Krovanh, previously known as PIlandok, […]

U.S., Iran exchange fresh strikes; Nvidia’s Huang on AGI - what’s moving markets

Iran’s parliament speaker warns of strikes against U.S. energy firms

Clover Announces Positive Phase 2 Clinical Data for RSV + hMPV ± PIV3 Respiratory Combination Vaccine Candidates in Older Adults

-- Positive Phase 2 (Australia) results strengthen potential best-in-class profile of RSV+hMPV±PIV3 combination vaccines, with the potential differentiated ability to re-vaccinate individuals previously receiving approved RSV vaccines to restore and broaden protection -- -- Robust neutralizing antibody responses across RSV, hMPV and PIV3 in Phase 2 recapitulates Phase 1 results demonstrating best-in-class breadth (with no immune interference) and no drop-off in responses in the oldest participan

Fosun Pharma Announces H-Share Repurchase Plan of Up to HK$ 1 Billion

SHANGHAI, Sept. 7, 2026 /PRNewswire/ -- Shanghai Fosun Pharmaceutical (Group) Co., Ltd. ("Fosun Pharma", stock code: 600196.SH; 02196.HK) today announced an H-share repurchase plan, under which the company intends to repurchase its H-shares with an aggregate amount of up to HK$1 billion. The shares so repurchased will be cancelled or held as treasury shares. Taking concrete action to respond to market concerns, this repurchase plan demonstrates management's unwavering confidence in the company's

The Second Global Business Summit on BRI Infrastructure to Accelerate the SDGs Held in Singapore

SINGAPORE, Sept. 7, 2026 /PRNewswire/ -- The Second Global Business Summit on Belt and Road Infrastructure Investment to Accelerate the SDGs was held in Singapore under the theme "Connect for Better World." The Summit was organized by the UN Global Compact's Sustainable Infrastructure for the Belt and Road Initiative to Accelerate the SDGs Action Platform, co-organized by UN Global Compact Network Singapore. Group Photo The Summit convened over 300 senior leaders and representatives of internati

Today's Weather, 5 A.M. | Sept. 7, 2026

Leclerc accepts blame as Hamilton laments Ferrari approach

MONZA, Italy — Charles Leclerc admitted his opening-lap scrap with Ferrari team-mate Lewis Hamilton went "too far" before crashing out of Sunday's Italian Grand Prix, leaving a vast scarlet-clad crowd disappointed. The Monegasque driver clashed with Hamilton at the first chicane, where the Briton bounced into the gravel and dropped to 10th from fourth. "Charles pushed me off," moaned Hamilton on team radio. Leclerc then slammed into the barriers at Parabolica on lap two and out of the race

Amazon cargo plane overshoots Miami runway, hits vehicles, catches fire

MIAMI, United States — An Amazon cargo plane overshot a runway as it landed Sunday in Miami, crashing into vehicles and catching fire, officials said Video showed thick smoke billowing from the blue and white Boeing 767 that had arrived around 2 pm (1800 GMT) from Puerto Rico, as fire trucks raced to the scene. There was no immediate word on casualties in the incident reported by the Federal Aviation Administration and Miami International Airport. The Miami-Dade Fire Department said the pl

Chimpanzees once used for vaccine research get health checks as part of long-term care

ABUJA, Nigeria — A group of chimpanzees once used in laboratory hepatitis B vaccine experiments has received health checks at their new home in Liberia, in hopes of giving them a second chance at a normal life. The West African chimpanzees received checks ranging from teeth cleaning to X-rays and pedicures at the Humane World for Animals’ Second Chance Chimpanzee Refuge in central Liberia, Liliana Pacheco Ricote, director of the sanctuary, told The Associated Press. More than 400 of

Greece wants deeper ties with both Israel and Arab countries, premier says

ATHENS, Greece — Greece will press ahead with its strategic defense cooperation with Israel but also wants to deepen relations with other states in the Middle East, Prime Minister Kyriakos Mitsotakis said Sunday. Greece-Israeli ties and defense, security and energy cooperation have become increasingly close over the past decade and Mitsotakis enjoys a friendly rapport with his counterpart, Benjamin Netanyahu. Shared concerns about Turkey have helped boost ties. The two countries signed a 3

Iran says it plans to announce a new 'exclusion zone' near the Strait of Hormuz

CAIRO — The new head of Iran's Supreme National Security Council on Sunday said Tehran plans to announce an "exclusion zone” outside the Strait of Hormuz aimed at vessels it believes are attempting to transit the waterway. Mohsen Rezaei's comments to Iran's state broadcaster came with few details, a day after the U.S. struck three Iranian oil tankers in response to Tehran launching ballistic missiles at U.S. warships. Experts called the launches a dangerous escalation after Iran&rsqu

Building collapse in New Delhi kills 1 and traps dozens of others

NEW DELHI — A building collapsed in New Delhi on Sunday, killing at least one person and trapping dozens of others, officials said. The five-story building, which housed a boys’ hostel, collapsed in Satya Niketan, a densely populated neighborhood known for its private student accommodations near a Delhi University campus. Fire officer Abhilash Malik said about 30 to 40 people remained trapped in the rubble. Lawmaker Anil Sharma said some people had been rescued and several others tra

Two-time defending champ Aryna Sabalenka beats Taylor Townsend to reach the US Open quarterfinals

NEW YORK — Solving some early struggles to hold serve, top-ranked Aryna Sabalenka overpowered Taylor Townsend on Sunday to reach the quarterfinals of the U.S. Open. Townsend broke Sabalenka three times in the two-time defending champion's first four service games as she looked to spring the upset. Sabalenka found a groove, regained her confidence and won 6-4, 6-3. “Basically, I was just trying to stay focused on myself and play not only point by point but ball by ball,” Sabalen

Top Tech Expert Says Artificial Intelligence Is Running Out of Power, and Elon Musk's Fix Is to Leave the Planet

In a new free presentation, James Altucher explains why he believes AI's real limit is energy, and why Musk's fix is to run it from space. Baltimore, MD, Sept. 06, 2026 (GLOBE NEWSWIRE) -- Artificial intelligence has a problem that gets far less attention than the technology itself, according to tech investor James Altucher. It needs power, and the world is running short of ways to supply it. In a newly released free presentation, Altucher argues that energy, not chips, is the real constraint ho

Ilagan Isabela tackles Valenzuela; Rizal, Quezon City picked over foes

MANILA, Philippines — The Ilagan Isabela Cowboys try to boost their bid for a top-four finish when they tangle with the Valenzuela City Darkhorse at 7 p.m. on Monday in the SportsPlus MPBL (Maharlika Pilipinas Basketball League) 2026 Season at the Paco Arena in Manila. The Cowboys tote a 13-win, 10-loss record, and a win over the Darkhorse will shove them ahead of the Meycauayan Marilao Gems (also 13-10) in the race for the fourth spot in the North division, which carries the homecourt adv

KALDVIK AS (KLDVK): Jellyfish event in Reyðarfjörður

Frøya, 6 September 2026 - Kaldvík AS ("Kaldvík” or the "Company”) has experienced a jellyfish event at its farming sites in Reyðarfjörður. The 2025 generation has experienced approximately 0.3 percentage points of additional mortality since Friday, 4 September, as a result of the event. As a precautionary measure, Kaldvík has initiated harvesting from selected cages to reduce the risk of further losses. The situation is currently stable and continues to be closely monitored. The 2026 generation,

F1 leader Kimi Antonelli wins Italian GP after epic charge from the back

MONZA, Italy — Kimi Antonelli took a big step to becoming the youngest champion in Formula 1 history with a fightback for the ages at his home grand prix on Sunday. Antonelli stormed to victory at the Italian Grand Prix, despite having started 19th on the grid. It took the Mercedes driver fewer than 17 laps to fight his way to the front. The rest of the race was spent tussling with teammate and title rival George Russell for the lead. Antonelli passed him for the final time with three laps

VITG Unveils Modern Managed Services and Managed Detection & Response as Part of a Broader AI and Cybersecurity Transformation across ANZ

SYDNEY, Sept. 7, 2026 /PRNewswire/ -- As organisations across Australia and New Zealand navigate the accelerating impact of artificial intelligence, increasingly sophisticated cyber threats, and growing governance requirements, Virtual IT Group (VITG) has announced the launch of Modern Managed Services (MMS) and Managed Detection & Response (MDR) , that are next-generation managed services and managed security offerings designed to help organisations remain secure, resilient and ready for what's