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Philippines Business News

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

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Manila Times Business

Latham Named One of "America’s Greatest Companies” By Newsweek for Second Consecutive Year

Recognition Highlights Pool Industry Leader’s Continued Commitment to Innovation, Sustainability and Employee Experience Newsweek's America's Greatest Companies Latham ranked one of America's Greatest Companies by Newsweek LATHAM, N.Y., Aug. 25, 2026 (GLOBE NEWSWIRE) -- Latham, The Pool Company [NASDAQ:SWIM], the largest designer, manufacturer and marketer of in-ground residential swimming pools in North America, Australia and New Zealand, has been named to Newsweek’s list of America’s Greatest

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Manila Times Business

cloro Crosses 250 Paying Customers as SEO Platforms Adopt Its API for AI Search Data

Ten months after launch, the AI search data provider says teams are building visibility tools on its unified API rather than integrating each engine directly Valletta, Malta, August 25, 2026 -- cloro, an API that returns structured data from AI search engines and web search results, has passed 250 paying customers in under ten months of operation. The milestone puts the company, operated by Cloro Incorporation Ltd., in the infrastructure position beneath a market it does not compete in directly,

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Manila Times Business

AkiyaHub Certifies Its First Home Stewards for Non‑Resident Homeowners in Japan

Certified Japanese companies provide a single local contact to oversee utilities, mail, and scheduled home checks for homes in Japan that sit empty between visits. Tokyo, Japan, August 25, 2026 -- AkiyaHub has certified the first group of Japanese companies under its Home Stewardship standard, giving people who own a home in Japan but live elsewhere a single local company that can get the home operational, manage ongoing needs, and make sure it is cared for while they are away. Japan counted a r

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Manila Times Business

Historic Miami Dade County Courthouse Auction Shows Strong Investor Interest as Final Week Approaches

Several qualified parties engage in process with tours conducted as auction nears conclusion MIAMI, Aug. 25, 2026 (GLOBE NEWSWIRE) -- The public online auction for the Miami Dade County Courthouse, hosted on GovDeals, the leading online marketplace for government agencies and educational institutions to sell surplus assets, closes this week on August 28 at 5 p.m. ET. As the auction enters its final days, the courthouse has drawn strong market engagement for this once-in-a-generation redevelopmen

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Manila Times Business

Overseas session of 2026 CIFTIS held in Kristiansund, Norway

2026 China International Fair for Trade in Services KRISTIANSUND, Norway, Aug. 26, 2026 (GLOBE NEWSWIRE) -- An overseas session of the 2026 China International Fair for Trade in Services (CIFTIS) and Kristiansund Open Day were held Friday in the coastal city of Kristiansund in western Norway. Chinese and Norwegian officials and business representatives attended the event, as Norway is stepping up preparations for its participation as the guest country of honor at the 2026 CIFTIS, according to a

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Manila Times Business

Form 8.3 - Brave Bison Group Plc

Downing LLP LEI: 213800G3X76VBG9SB504 25 August 2026 Form 8.3 re. Brave Bison Group Plc PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code”) 1. KEY INFORMATION (a) Full name of discloser:Downing LLP(b) Owner or controller of interests and short positions disclosed, if different from 1(a):Client funds managed by Downing LLP(c) Name of offeror/offeree in relation to whose relevant

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Manila Times Business

DP World’s Port of Callao Becomes Latin America's First Terminal to Offer Shore Power

The system will supply vessels with 100% renewable electricity and avoid more than 6,300 tonnes of CO₂e annually DP World Inaugurates Shore Power at the Port of Callao The President of Peru, the Minister of Transport and Communications of Peru, Peruvian Port Authority representative, and members of DP World’s local and global leadership teams mark the inauguration of Latin America’s first shore power system at the Port of Callao. DP World Shore Power System at the Port of Callao DP World’s new s

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Manila Times Business

Estate Probate attorney Nicholas Abaza Recovers $1.2 Million property in Landmark Deed Fraud Case

Estate, Highlighting Growing Concerns of Deed Fraud - Nick Abaza Law HOUSTON, Aug. 25, 2026 (GLOBE NEWSWIRE) -- In a major legal victory, estate attorney Nicholas Abaza with his co-counsel has successfully recovered $1.2 million property for an estate defrauded by deed fraud scammers. The case involved the theft of a deceased homeowner's property by a group of scammers who manipulated deed records and utilized questionable LLCs to create a façade of legitimacy. Nicholas Abaza and his co-counsel

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Manila Times Business

2026 CIFTIS opens for media registration

2026 China International Fair for Trade in Services BEIJING, Aug. 25, 2026 (GLOBE NEWSWIRE) -- Media registration for the 2026 China International Fair for Trade in Services (CIFTIS) is open from Aug. 10 to 26. Journalists can register online at the official website https:// www.ciftis.org/ by clicking "Join the Fair" and then selecting "Media Registration." The 2026 CIFTIS will be held from Sept. 9 to 13 in Beijing. Information on when and how to pick up the media pass will be released in the "

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BusinessWorld

DND seeks more bases and storage facilities to support AFP modernization

THE Armed Forces of the Philippines (AFP) needs more bases, storage facilities and other infrastructure to support modern military equipment, Defense Secretary Gilberto “Gibo” C. Teodoro, Jr. said, warning that years of limited capital spending have left the military “equipment heavy but not support heavy.” “The equipment we use is just the tip of the […]

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BusinessWorld

DoJ recommends charges against police officer in Tacloban school shooting

THE Department of Justice (DoJ) has recommended criminal charges against a police officer whose government-issued firearm was allegedly used by a child in a June school shooting in Tacloban City that killed three students and injured at least 20 others. The Tacloban City prosecutor’s office recommended charges of reckless imprudence resulting in multiple homicide and […]

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BusinessWorld

Marcos eyes factory upgrades to support EV production

PRESIDENT Ferdinand R. Marcos, Jr. said the government is assessing local vehicle manufacturing facilities for upgrades needed to support domestic electric vehicle (EV) production under the Electric Vehicle Incentive Strategy (EVIS). “We are looking at the facilities, what is already here, what is still lacking and what needs to be supported by DoST (Department of […]

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BusinessWorld

St. Luke’s sets 53 beds for No Balance Billing

ST. LUKE’S Medical Center-Global City has allocated 53 beds for Philippine Health Insurance Corp. (PhilHealth) members covered by the government’s No Balance Billing program, expanding access to specialized treatment at a private hospital. The state-owned health insurer and St. Luke’s signed a memorandum of agreement on Tuesday to boost the implementation of the government’s No […]

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BusinessWorld

Palace open to limiting social media

MALACAÑANG on Tuesday said it is open to considering restrictions on social media platforms that fail to respond promptly to government requests involving violent content and disinformation. Palace Press Officer Clarissa A. Castro made the statement after the Cybercrime Investigation and Coordinating Center said it is considering recommending a ban on Facebook following the deadly […]

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BusinessWorld

VP staff admits P125M used in 11 days

THE Office of the Vice-President (OVP) spent P125 million in confidential funds within 11 days, OVP Assistant Chief of Staff Lemuel G. Ortonio confirmed on Tuesday, even as he admitted having no information about threats to VP Sara Duterte-Carpio. Mr. Ortonio, the prosecution’s second hostile witness, said he did not hear of any security threats […]

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BusinessWorld

Vape tax system issues raised

A LAWMAKER on Tuesday flagged the two-tier tax system imposed on vape and other alternative nicotine products and its weak enforcement as major challenges in curbing illicit trade, saying tax rates alone cannot solve the problem. Marikina Rep. Romero “Miro” S. Quimbo, who chairs the House Committee on Ways and Means, raised concerns over the […]

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BusinessWorld

Ombudsman exceeds 2025 conviction

THE Office of the Ombudsman’s conviction rate before the Sandiganbayan rose to 65.52% as of June 30, exceeding the 42% rate recorded in 2025, as it amended rules to speed up case proceedings. Assistant Ombudsman Luis Gonzaga S. Bonoan, Jr. disclosed the figures on Tuesday at a House of Representatives Appropriations Committee hearing on the […]

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BusinessWorld

Lawmaker flags zero capital outlay for CoA 2027 budget

A LAWMAKER on Tuesday questioned the zero allocation for the Commission on Audit’s (CoA) capital outlay under the proposed 2027 national budget, saying the lack of funding for technology could weaken the agency’s efforts to combat corruption. Party-list Rep. Percival “Perci” P. Cendaña raised the concern during the House Appropriations Committee budget hearing, pointing out […]

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BusinessWorld

House passes stronger workplace safety bill on second reading

THE House of Representatives on Tuesday approved on second reading a measure seeking to strengthen workplace safety standards and hold employers accountable for willful or grossly negligent violations that result in serious injury or death. In a statement, Cavite Rep. Ramon “Jolo” B. Revilla III said House Bill No. 10559 seeks to strengthen the country’s […]

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BusinessWorld

SC limits Flying Risk Pay to flight-related personnel

THE Supreme Court (SC) has ruled that Flying Risk Pay (FRP) may only be granted to personnel whose regular duties involved or are directly connected with aerial and flight operations. The SC en banc in a Jan. 21 decision upheld with modification the Commission on Audit’s (CoA) disallowance of P323,579.50 in FRP paid to Civil […]

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BusinessWorld

DMW strengthens anti-illegal recruitment drive

THE Department of Migrant Workers (DMW) on Tuesday warned illegal recruiters that the agency has ongoing law enforcement efforts, urging applicants to take more caution. Migrant Workers Secretary Hans Leo J. Cacdac urged applicants to be cautious in choosing their recruitment agencies following the arrest of an illegal recruiter from New Zealand in Iloilo. He […]

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BusinessWorld

DoH, PGH to help ease NKTI pressure amid leptospirosis surge

THE Philippine General Hospital (PGH) is ready to accept patients from the National Kidney and Transplant Institute (NKTI), which faces full bed capacity, Malacañang said on Tuesday, following a rise in leptospirosis cases due to widespread flooding. Palace Press Officer Clarissa A. Castro said President Ferdinand R. Marcos, Jr. had directed the Department of Health […]

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BusinessWorld

DoST’s 2027 budget could help over 67,000 scholars

THE proposed 4.3% increase in funding for the Department of Science and Technology’s (DoST) scholarship programs is expected to support 67,504 scholars nationwide next year, the Department of Budget and Management (DBM) said. In a statement on Tuesday, the DBM said that the budget of the DoST Scholarship Programs is programmed at P8.67 billion under […]

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BusinessWorld

Toyota Motor PHL remits P23.66B in first seven months

TOYOTA Motor Philippines Corp. (TMP) remitted P23.66 billion to the Bureau of Customs (BoC)-Port of Batangas in the first seven months, making it the port’s largest contributor to import revenue collections. The company’s remittances accounted for 16.4% of the port’s total collections during the January-to-July period, TMP said on Tuesday. “This substantial fiscal remittance represents […]

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