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Philippines Business News

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

10098 articles across all sources

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Manila Times Business

Meritage Announces Departure of Michael Ruggeri From Board of Directors

GRAND RAPIDS, Mich., Sept. 03, 2026 (GLOBE NEWSWIRE) -- Meritage Hospitality Group Inc. (OTCQX: MHGU) today announced that Michael Ruggeri, a member of the Company’s Board of Directors, resigned effective August 31, 2026. "On behalf of the Board and the Company, I want to thank Michael for his contributions since joining the Board in 2025. We wish him well in his future endeavors,” said Robert E. Schermer, Jr., CEO of Meritage Hospitality Group Inc. About the Company Meritage Hospitality Group c

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Manila Times Business

Euro Sun Mining Announces Non‑Binding MoU for US$400 Million Senior Debt Facility and Term Sheet for US$3 Million Strategic Equity Investment

TORONTO, Sept. 03, 2026 (GLOBE NEWSWIRE) -- Euro Sun Mining Inc. (TSX: ESM) ("Euro Sun” or the "Company”) is pleased to announce that it has entered into a non‑binding Memorandum of Understanding ("MoU”) dated September 3, 2026 with Macquarie Bank Limited ("Macquarie”) and Trafigura PTE LTD ("Trafigura”). Under the terms of the MoU, the parties will work together on a proposed senior project finance facility of up to US$400 million (the "Facility”) to support the development of the Company’s Rov

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Manila Times Business

ThreeD Capital Inc. Issues Early Warning Report in Connection with the Disposition of Securities of AI/ML Innovations Inc.

TORONTO, Sept. 03, 2026 (GLOBE NEWSWIRE) -- ThreeD Capital Inc. ("ThreeD”) (CSE:IDK / OTCQX:IDKFF) a Canadian based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors, announces that through a series of transactions (the "Dispositions”) ending in recent weeks, Sheldon Inwentash (the "Joint Actor”) disposed of ownership and control of an aggregate 385,000 common shares (the "Subject Shares”) of the AI/ML Innovations I

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Manila Times Business

Purpose Investments Announces Changes to Certain Investment Funds

TORONTO, Sept. 03, 2026 (GLOBE NEWSWIRE) -- Purpose Investments Inc. ("Purpose”) today announced changes to the risk rating of four of its funds effective September 3, 2026. These changes are the result of the periodic review by Purpose to determine the risk level of its publicly offered investment funds in accordance with the standardized risk classification methodology pursuant to National Instrument 81-102 Investment Funds. No material changes have been made to the investment objectives, stra

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Manila Times Business

Canva partners with EBANX and Capitec Pay to unlock cardless subscriptions for South Africans

Via the integration with EBANX, Canva becomes the first merchant on Capitec Pay’s new recurring A2A payment SYDNEY, AUSTRALIA, SINGAPORE, and STELLENBOSCH, SOUTH AFRICA - Media OutReach Newswire - 4 September 2026 - Canva, the global visual communication platform, has become the first international company to offer recurring subscription payments to South African customers via Capitec Pay, the account-to-account payment method built by South Africa's largest personal bank - Capitec. The mileston

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Manila Times Business

Electronic Recycling Association Expands Its Mission to New Zealand

Bringing Technology Reuse, E-Waste Reduction and Digital Inclusion to New Zealand AUCKLAND, New Zealand, Sept. 4, 2026 /PRNewswire/ -- The Electronic Recycling Association (ERA) is bringing its mission of reducing electronic waste and bridging the digital divide to New Zealand. Through a reuse-first approach, ERA aims to work with businesses, schools, charities and community organizations to recover unwanted technology, extend the useful life of electronics and provide refurbished devices to tho

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Manila Times Business

Global Semiconductor Equipment Billings Increased 23% Year-Over-Year in Q2 2026, SEMI Reports

Ongoing AI Investment Momentum Drove Back-to-Back Quarters of Record Results MILPITAS, Calif., Sept. 4, 2026 /PRNewswire/ -- SEMI, the industry association advancing the global semiconductor and electronics design and manufacturing supply chain, today announced in its Worldwide Semiconductor Equipment Market Statistics (WWSEMS) report that global semiconductor equipment billings increased 23% year-over-year to US$40.53 billion in the second quarter of 2026. Second quarter 2026 billings registere

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Manila Times Business

Palace suspends f2f classes in NCR, 15 provinces

MANILA, Philippines — Malacañang announced on Friday that classes at all levels—in both public and private—in Metro Manila and 15 provinces will shift to alternative learning modes due to the poor air quality caused by the haze in Indonesia, as well as the heavy rainfall caused by the enhanced Southwest Monsoon, or “habagat.” Memorandum 134 covers the National Capital Region, Ilocos Norte, Ilocos Sur, La Union, Pangasinan, Abra, Benguet, Zambales, Bataan, Bul

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Manila Times Business

Tenable Uses OpenAI GPT Cyber Models to Help Defenders Inspect Community-Built AI Components

CyberAgents Exchange AI Inspector combines OpenAI GPT cyber models with Tenable security expertise to help teams evaluate AI agents, skills, MCP servers and multi-agent playbooks before deployment COLUMBIA, Md., Sept. 03, 2026 (GLOBE NEWSWIRE) -- Tenable® Holdings, Inc. (NASDAQ: TENB), the exposure management company, today announced that it is collaborating with OpenAI to create the CyberAgents Exchange AI Inspector (Exchange Inspector), a new security review process for AI agents, skills, MCP

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Manila Times Business

SMM Deal Finder Rebrands as Deeplead, Expanding AI-Powered Outreach to All B2B Sales Teams

The platform that helped social media agencies win clients now delivers verified data, AI-researched emails, and managed sending in one tool for any B2B market Frankfurt, Germany, Sept. 03, 2026 (GLOBE NEWSWIRE) -- SMM Deal Finder, the AI platform that helped social media marketing agencies find and win new clients, announced today that it has rebranded as Deeplead. The company now operates under a single brand at deeplead.io and serves agencies, startups, and sales teams of any size with an all

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Manila Times Business

A City of Innovation and Openness: Hohhot's Answer to Integrated Development

HOHHOT, CHINA - Media OutReach Newswire - 28 August 2026 - On 25 August, Hohhot convened a conference on deepening the integration of technological innovation and industrial innovation. At the event, the city officially released its Measures for Advancing Deep Integration of Technological Innovation and Industrial Innovation, together with an overarching implementation plan. The 20 measures share one objective: to place economic and social development firmly on an innovation-driven path and acce

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BusinessWorld

Philippine NG debt hits record-high P19.39 trillion

THE NATIONAL Government’s (NG) outstanding debt rose to a fresh high of P19.39 trillion at end-July amid higher domestic and external borrowings and the revaluation of foreign currency-denominated obligations, the Bureau of the Treasury (BTr) said.

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BusinessWorld

Philippines’ fiscal deficit-to-GDP ratio to further narrow until 2027

THE PHILIPPINES’ fiscal deficit-to-gross domestic product (GDP) ratio will likely narrow until 2027 as the government’s tax reforms are expected to boost revenue mobilization, the ASEAN+3 Macroeconomic Research Office (AMRO) said.

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BusinessWorld

Hydrogen seen as long-term energy solution for Philippines but high costs remain a barrier

GREEN HYDROGEN could bolster the Philippines’ energy security over the medium to long term, but high costs remain a major hurdle to its development, analysts said.

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BusinessWorld

MGEN starts MTerra Solar Phase 1 commercial operations

MERALCO POWERGEN Corp. (MGEN), the power generation arm of Manila Electric Co. (Meralco), has started commercial operations for the first phase of its P200-billion MTerra Solar Project. In a statement on Thursday, MGEN said MTerra Solar Phase 1 declared commercial operations on Aug. 26 following the issuance of the final certificate of approval to connect […]

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BusinessWorld

7-Eleven PHL says 5,000 stores likely this year

LISTED Philippine Seven Corp. (PSC), the exclusive licensee of the 7-Eleven convenience store brand in the Philippines, said it expects to reach 5,000 stores by yearend despite external headwinds. “We’re still upbeat about our business model even in these times,” PSC Chairman Jose Victor P. Paterno told reporters on the sidelines of an event on […]

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BusinessWorld

AREIT taps capital markets veteran as COO

AREIT, Inc. has appointed Eduardo Javier “Javi” P. Carballo as chief operating officer (COO) as the real estate investment trust (REIT) expands its portfolio and financing capabilities. In a statement on Thursday, AREIT said Mr. Carballo will assume the post on Sept. 7 and report to President and Chief Executive Officer Alberto “Albert” M. de […]

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BusinessWorld

PAL takes delivery of fourth Airbus A350-1000

FLAG CARRIER Philippine Airlines (PAL) has taken delivery of its fourth Airbus A350-1000 as part of its long-haul fleet modernization program. In a media release on Thursday, PAL said the aircraft, the fourth of nine A350-1000s ordered in 2023, arrived at Ninoy Aquino International Airport (NAIA) on Wednesday. Registered RP-C3513, the aircraft will support the […]

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BusinessWorld

AllHome president resigns less than a year into role

ALLHOME Corp. President and Chief Operating Officer Maribel N. Sibayan has resigned less than a year after she was appointed to lead the Villar family’s home improvement retail business. In a disclosure on Thursday, AllHome said Ms. Sibayan’s resignation took effect on Sept. 2. Ms. Sibayan was elected president and chief operating officer on Sept. […]

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BusinessWorld

RLC targets 2031 completion for first two MIRA towers

RLC RESIDENCES, the residential unit of Gokongwei-led Robinsons Land Corp. (RLC), is advancing construction of its MIRA condominium project in Barangay San Roque, Quezon City, with its first two towers scheduled for completion in 2031. “With MIRA, we are completing the residential complex of RLC in this part of Quezon City. Construction activities are in […]

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BusinessWorld

Quezon leads Gawad Urian with 10 nominations

WITH 10 NOMINATIONS, Jerrold Tarog’s movie Quezon leads this year’s pack of nominees for the 49th Gawad Urian. The Manunuri ng Pelikulang Pilipino released the list of nominations for the film awards on Tuesday. Quezon, produced by TBA Studios, is a historical drama about Philippine president Manuel L. Quezon and is the third and final […]

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BusinessWorld

Federal Land sees 2026 sales, revenue targets within reach

FEDERAL LAND, Inc. expects to meet or exceed its sales and revenue targets for 2026, with its project timelines and expansion plans remaining on schedule, its president said. “Federal Land is on track to meet, if not exceed, its sales and revenue targets for the year,” Federal Land President Jose Mari H. Banzon told BusinessWorld […]

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BusinessWorld

The Notebook: The Musical goes beyond the love story

THE music and lyrics of singer-songwriter Ingrid Michaelson and the Tony-nominated book by Bekah Brunstetter provide the solid foundation on which Theater Group Asia’s production of The Notebook: The Musical builds an immersive, emotional world.

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BusinessWorld

EDOTCO deepens PHL expansion, names new country head

MALAYSIA-BASED digital connectivity infrastructure firm EDOTCO Group is expanding its presence in the Philippines, with a focus on infrastructure sharing and technology solutions partnerships. “The Philippines stands out as one of Southeast Asia’s most compelling digital infrastructure markets. Its strong economic fundamentals, rapid digital adoption and growing connectivity needs present a significant opportunity for EDOTCO […]

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