Philippines Business News

Costa Rica welcomes more than 400 buyers and investors to the region's largest international business gathering

Over three days, the business matchmaking event will bring together delegations from more than 40 countries and over 1,000 companies operating in Costa Rica.SAN JOSÉ, Costa Rica, Sept. 3, 2026 /PRNewswire/ -- The second edition of the Costa Rica Trade & Investment Summit (CRTIS) officially opened on Wednesday, bringing together companies operating in Costa Rica with international buyers seeking products and services, while giving investors the opportunity to assess potential projects and explore

Go Tuck Yourself... In! Ryde: Canada Launches SLEEP to Help Canadians Fall Asleep Faster

MONTREAL, Sept. 02, 2026 (GLOBE NEWSWIRE) -- Ryde: Canada today announced the launch of Ryde: SLEEP, the latest addition to its portfolio of functional wellbeing shots. As 20% of Canadian adults report having trouble going to sleep or staying asleep most or all of the time*, Ryde: SLEEP was created to support Canadians during one of the most important wellbeing moments of the day: getting a good night’s rest. Ryde: SLEEP is a blackberry-flavoured 60ml shot formulated to help consumers fall aslee

Information Regarding the Total Number of Voting Rights and Total Number of Shares of the Company as of August 31, 2026

Information Regarding the Total Number of Voting Rights and Total Number of Shares of the Company as of August 31, 2026 (Article 223-16 of the General Regulations of the Autorité des Marchés Financiers) Market : NYSE Euronext Paris ISIN Code: FR 0010417345 DateTotal number of sharesTotal number of voting rights08/31/2026 314,388,807 Total gross of voting rights: 314,388,807 Total net* of voting rights: 314,222,095 * Net total = total number of voting rights attached to shares - shares without vo

Inventus Announces Grant of Stock Options

TORONTO, Sept. 02, 2026 (GLOBE NEWSWIRE) -- Inventus Mining Corp. (TSXV: IVS) ("Inventus” or the "Company”) announces that it has granted 3,400,000 incentive stock options to certain officers, directors, employees, and consultants of Inventus Mining effective September 2, 2026. The options are exercisable at a price of $0.295 per share for a period of five years and have been issued under the Company’s 10% rolling stock option plan. The options vest one-third at each of 6, 12, and 18 months from

City Glass Provides 10 Commercial Glazing Services Amid Growing Demand in Anderson and Greenville, SC

Anderson-based glass company provides a full slate of commercial glazing capabilities - from fire-rated and curtain wall systems to storefront and bullet-resistant glazing - for businesses throughout the Upstate, including Anderson and Greenville, SC Anderson, SC, Sept. 02, 2026 (GLOBE NEWSWIRE) -- City Glass, a family-owned commercial glass and glazing company based in Anderson, S.C., today announced that it now offers 10 distinct categories of commercial glazing services under one roof for bus

New England Journal of Medicine Publishes Phase 1/2 Clinical Data on Revolution Medicines’ RASONQUE™ (daraxonrasib) in Metastatic Non-Small Cell Lung Cancer

Results support the clinical rationale for RASolve 301, an ongoing Phase 3 trial in RAS mutant metastatic non-small cell lung cancer REDWOOD CITY, Calif., Sept. 02, 2026 (GLOBE NEWSWIRE) -- Revolution Medicines, Inc. (Nasdaq: RVMD), a global, commercial-stage oncology company dedicated to discovering, developing and delivering innovative medicines for patients with RAS-addicted cancers, today announced that TheNew England Journal of Medicine (NEJM) has published a report describing data from the

Echo Harbor News Introduces New AI Site to Remove Media Bias

Pecos, NM, Sept. 02, 2026 (GLOBE NEWSWIRE) -- Echo Harbor LLC has launched a news website, Echo Harbor News, that uses artificial intelligence to tackle media bias and a growing distrust of traditional news outlets. It aims to earn readers’ trust through their news articles, podcasts, and newsletter by identifying bias in major news articles to then remove it. Echo Harbor News Logo Emotionally-charged language, opinions, persuasive language, or favoring one side of a story over the other are all

Trump aides reportedly seek to contain Iran war as Tehran launches more strikes

Philippine peso falls to new all-time low P62.565 vs dollar

THE PESO sank to a new record low against the US dollar on Wednesday, extending its decline for a fourth straight trading day as broadening price pressures from the renewed Middle East conflict weighed on the currency and raised the risk of a breach of the P63 level.

BIR readies circular to remove VAT on system loss charges

THE Bureau of Internal Revenue (BIR) is preparing a Revenue Memorandum Circular (RMC) that will remove the value-added tax (VAT) on the allowable system loss charge in electricity bills.

MUFG sees peso at P62:$1 until end-2026

THE PESO will likely hover around the P62-a-dollar handle until yearend as global headwinds and the country’s persistent trade deficit continue to weigh on the local currency, MUFG Global Markets Research said.

QDMTT seen generating P24.4B annually — DoF

THE DEPARTMENT of Finance (DoF) now estimates that the proposed qualified domestic minimum top-up tax (QDMTT) could generate an average of P24.4 billion in additional revenues annually under the global minimum tax (GMT) rules. However, the DoF warned that the measure could weaken income-based tax incentives and make the Philippines’ broader investment environment more important […]

PAL’s 50-year franchise renewal bill clears House

THE HOUSE of Representatives on Wednesday approved on third and final reading a bill seeking to renew Philippine Airlines, Inc.’s (PAL) legislative franchise for another 50 years. House Bill (HB) No. 10545 received 250 affirmative votes, three negative votes, and one abstention, according to the results announced during the House plenary session. The measure seeks […]

Top Line taps second EV partner to broaden fuel station revenue streams

CEBU-BASED Top Line Business Development Corp. has tapped a second electric vehicle (EV) charging partner as it seeks to broaden revenue streams from its growing fuel-station network. In a statement on Wednesday, the listed fuel retailer said it signed a memorandum of understanding with Japan-based Jigowatts, Inc. for the initial deployment of EV charging stations […]

Gov’t bond yields jump as risk-off sentiment deepens

THE GOVERNMENT made a partial award of the reissued Treasury bonds (T-bonds) it offered on Wednesday as yields climbed on broad risk-off sentiment amid the re-escalation of the Middle East conflict. The Bureau of the Treasury (BTr) borrowed P29.561 billion from the reissued 20-year bonds, just short of the P30-billion target despite total tenders reaching […]

Prime Infra names SierraCol Chairman Hayward to board

RAZON-LED Prime Infrastructure Capital, Inc. (Prime Infra) has appointed SierraCol Energy Ltd. Chairman Tony Hayward to its board as the infrastructure company expands its presence in international markets. In a statement on Wednesday, Prime Infra said Mr. Hayward joined its board effective Aug. 10. The appointment follows Prime Infra’s acquisition of SierraCol, Colombia’s largest independent […]

Term deposit yields rise on hawkish BSP

THE BANGKO SENTRAL ng Pilipinas’ (BSP) term deposits fetched higher a higher average yield on Wednesday despite stronger demand, after its latest policy rate hike and with the market pricing in further tightening. Tenders for the seven-day term deposit facility (TDF) reached P140.675 billion, exceeding the P120 billion auctioned off and the P105.824 billion in […]

Ayala Land consolidates nationwide estate business

AYALA LAND, Inc. (ALI) will integrate its Urban Estates and Regional Estates businesses under the AyalaLand Estates Group starting Jan. 1, 2027, consolidating the management of its nationwide estate operations under Jaime Z. Urquijo. In a regulatory filing on Wednesday, the listed property developer said the reorganization is intended to strengthen its long-term growth strategy […]

Western Union taps JuanPay to expand remittance access in the Philippines

WESTERN UNION has partnered with JuanPay to expand access to its remittance services in the Philippines. Under the partnership, Western Union’s services will be made available at JuanPay’s 2,000 branches, starting with an initial rollout planned across 1,400 locations. The collaboration combines Western Union’s global financial network spanning more than 200 countries and territories with […]

PLDT named Company of the Year at Quill Awards

PANGILINAN-LED PLDT Inc. was named Company of the Year at the 22nd Philippine Quill Awards after securing 21 awards for its communications programs and initiatives. The listed telecommunications company received eight Awards of Excellence and 13 Awards of Merit, PLDT said in a media release on Wednesday. “At PLDT and Smart, we’d like to think […]

Samsung S26 FE now in the Philippines

THE SAMSUNG Galaxy S26 FE is now official in the Philippines, completing the series lineup. Launched last week, the Galaxy S26 FE is priced at P46,990 for the 128GB model, P53,990 for 256GB, and P67,990 for 512GB. The phone’s memory is at 8GB across all variants. It comes in three colors, Blueberry, Graphite, and Pistachio, […]

Deadly Nepal flood and the price of staying standing

CLIMATE CHANGE has acquired a problem of persuasion. Those of us who work on natural resources and climate risk are routinely cautioned against sounding apocalyptic. Doom, we are told, is a poor currency for engagement: repeat the word “catastrophe” often enough and urgency curdles into fatalism.

Wrong turn during Chinese craving works out for the better

WE WERE on our way to a neighborhood favorite Chinese restaurant last month when a sign down Congressional Ave. led us to Binondo Boys instead.

AirAsia-Pegasus deal widens Europe access for Filipino travelers

FILIPINO TRAVELERS are set to gain more connecting options to Europe after Malaysian low-cost carrier AirAsia entered its first codeshare agreement with Türkiye-based Pegasus Airlines, linking their networks through Istanbul. The agreement comes as the Philippines and Türkiye move to expand air connectivity following recently concluded bilateral air talks. “By connecting our extensive network across […]