Philippines Business News

Derrick Rose heads to Cebu for two-day basketball celebration

MANILA, Philippines — Cebu basketball fans are in for a treat as NBA legend and 2011 Most Valuable Player Derrick Rose makes his first visit to the Queen City of the South for “Rose Meets the Queen: Derrick Rose in Cebu,” a two-day celebration culminating on August 26 at SM Seaside City Cebu. The visit marks Rose’s third trip to the Philippines as an ArenaPlus brand ambassador and his first time in Cebu—one of the country’s biggest basketball hotbeds. The cele

BTS Jimin’s touching moment with young cancer patient inspires ARMY to raise over $91K

MANILA, Philippines — A heartwarming moment between BTS member Jimin and a young fan battling cancer has inspired fans around the world to come together for a fundraising campaign that has raised more than $91,000. Jimin met pediatric cancer patient Olivya during BTS’ “Arirang” concert in Arlington, Texas, on Aug. 15, 2026. Through Heroes for Children, a Texas-based nonprofit organization supporting families with children and young adults battling cancer, pediatric cancer

FUNaloMAX launches next-gen app

FUNALOMAX, a product of Solaire, has officially launched its next-generation mobile app alongside the highly anticipated MAX Rewards VIP program. Engineered to conquer the realities of Philippine internet connectivity, the new platform delivers world-class gaming prestige with lightning-fast accessibility. A technological game changer FUNaloMAX abandoned heavy third-party frameworks to build a custom, in-house architecture engineered for speed – faster load times, optimized screens for slo

SuperiorMed Holdings Limited Announces Entering into an Agreement and Plan of Merger with Starry Sea Acquisition Corp

DUBAI, United Arab Emirates and NEW YORK, Aug. 22, 2026 (GLOBE NEWSWIRE) -- SuperiorMed Holdings Limited, a Cayman Islands company ("SuperiorMed” or the "Company”), a company that shall become the parent company of SuperiorMed Healthcare Management FZ-LLC, a company in the business of management and consulting service for certain medical institutions under the laws of the United Arab Emirates ("UAE”), announced today that it has entered into an Agreement and Plan of Merger (the "Merger Agreement

Zambales declares state of calamity as damages reach P690M

ZAMBALES – Gov. Hermogenes Ebdane Jr. approved a resolution declaring the entire province of Zambales under a state of calamity following the combined effects of the enhanced southwest monsoon and tropical cyclones, which have caused nearly P690 million in infrastructure damage and agricultural losses. The declaration was based on the recommendation of the Provincial Disaster Risk Reduction and Management Council (PDRRMC) through a resolution submitted to the Sangguniang Panlalawigan (Prov

Oil rises as Trump threatens sanctions on Iran partners

HOUSTON — International and US crude oil futures rose on Friday after US President Donald Trump threatened economic sanctions on Iran's trading partners, raising expectations of tighter supply in the coming weeks. International benchmark Brent crude futures LCOc1 settled at $94.39 a barrel, up 61 cents or 0.65 percent. US West Texas Intermediate crude CLc1 settled at $87.06 a barrel, up 23 cents or 0.26 percent. The Brent benchmark has gained 6.39 percent while WTI has risen 5.66 percent t

SB19 fandom wins fourth Billboard Fan Army title

MANILA, Philippines — SB19’s A’Tin fandom has made Billboard history after defeating Harry Styles’ Harries to claim its fourth consecutive Fan Army Face-Off title, making it the most successful fanbase in the competition’s history. The latest triumph puts A’Tin ahead of T-ara’s Queens, which previously held the competition’s record with three consecutive wins from 2015 to 2017. A’Tin’s run to the 2026 title was marked by matchups agains

Fil-Am actor Brandon Perea joins ‘Insidious’ universe

MANILA, Philippines — Filipino-American actor Brandon Perea is entering the terrifying world of Insidious as Nick, the male lead in Insidious: Out of the Further, the sixth installment of the supernatural horror franchise. Directed by Jacob Chase, the film follows Gemma, played by Amelia Eve, who discovers that she has the ability to travel into The Further, the mysterious realm that has been central to the Insidious films. However, her newfound ability comes with a dangerous consequence.

Lindsay Clancy’s defense rests at trial over whether postpartum psychosis drove her to kill her kids

BOSTON — The defense rested its case Friday in the Lindsay Clancy murder trial after eliciting several days of testimony about her mental state before and after she strangled her three young children. Prosecutors then began calling rebuttal witnesses in the trial, which is likely entering its final days. Closing arguments are expected next week. Clancy, 36, has pleaded not guilty to murder charges in the deaths of her children Callan, Dawson and Cora Clancy, who ranged from 8 months to 5 y

Lerøy Seafood Group ASA: Primary Insider Transaction

FERD AS, represented on the Board of Directors of Lerøy Seafood Group ASA by Are Dragesund, has on 21 August 2026 purchased 357,542 shares in Lerøy Seafood Group ASA. Following the transaction, FERD AS owns 13,860,090 shares in Lerøy Seafood Group ASA. The transaction concerns shares in Lerøy Seafood Group ASA (ISIN NO0003096208). Attached is a notification of the transaction pursuant to Article 19 of the Market Abuse Regulation (MAR). The transaction is subject to notification requirements unde

BPO stalwart Locsin, 55

MANILA, Philippines — Albert Mitchell Locsin, known as a longtime advocate and stalwart of the Philippine business process outsourcing (BPO), died on Wednesday. He was 55. Among those who mourned his passing was the Customer Xperience Association of the Philippines (CXAP), where he served as chairman. “Mitch was more than a leader. He was a colleague, mentor, and friend whose warmth, dedication, and genuine care for people touched many lives. For nearly two decades, he served the Ass

OnTime Posts 140.7% Revenue Surge to RMB 4.035 Billion, Gross Profit Tops RMB 500 Million in H1 2026

HONG KONG, GUANGZHOU and SHENZHEN, China, Aug. 22, 2026 /PRNewswire/ -- Chinese mobility technology and service provider OnTime (9680.HK) announced its first-half 2026 financial results on August 19, achieving record highs in revenue, gross profit and order volume. The company posted a 156.3% jump in gross profit, topping RMB 500 million, with gross margin expanding to 12.4% and net losses narrowing 45.2% year-on-year. For the first half of 2026, OnTime generated revenue of RMB 4.035 billion, a

Tempo Mails Announces Free Temporary Email Service for Privacy-Focused Online Use

NEW YORK, Aug. 22, 2026 (GLOBE NEWSWIRE) -- Tempo Mails has announced the availability of its free temporary email service, providing users with disposable email addresses for short-term online registrations, verification messages and other situations where they may prefer not to use their primary email address. The web-based service generates a temporary email address without requiring users to create an account or purchase a subscription. Users can access an inbox directly through the Tempo Ma

Supreme Court's chief justice allows work on Trump’s $400M White House ballroom to continue for now

WASHINGTON, D.C. — Chief Justice John Roberts on Friday allowed the White House to continue construction on President Donald Trump’s $400 million ballroom project for now, as the Supreme Court considers the Trump administration's emergency request to intervene in lawsuits over the project. The temporary order came hours before lower-court rulings would have forced a halt to aboveground construction of the project because Trump didn't get congressional approval. It will remain in plac

Makro to return to PH after nearly 20 years, with 4 Ayala estate locations

The European wholesale retailer first entered the Philippines in 1996, before its stores were eventually folded into SM's retail empire and converted into SM Hypermarkets in 2009

Ukrainian drones hit Ozon warehouse as Russia reports major overnight attack

Where are central banks keeping their gold?

[Vantage Point] ProGRESS: When tax relief comes with a P40 price tag

The ProGRESS paradox: government gives you more money in your payslip, then tries to recover part of what it lost when somebody buys a drink.

'Habagat' affecting Luzon, localized thunderstorms over rest of PH

The southwest monsoon (habagat) would prevail over most of Luzon, bringing cloudy skies with scattered rain showers, and the rest of the country would have localized thunderstorms, the state weather agency Pagasa said Saturday morning. In its 3 a.m. weather bulletin, Pagasa reported that habagat would prevail over most of Luzon within the next 24 hours, bringing cloudy skies with scattered rains or thunderstorms to the Ilocos Region, Cordillera Administrative Region, Batanes, Cagayan, Zambales,

Brandywine Realty Trust Announces Expiration of Tender Offer for the 2028 Notes

PHILADELPHIA, Aug. 21, 2026 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (NYSE:BDN) announced today the expiration of the previously announced cash tender offer (the "2028 Notes Tender Offer”) by its operating partnership, Brandywine Operating Partnership, LP (the "Operating Partnership”), for up to $50,000,000 in aggregate principal amount (the "2028 Series Cap”) of its outstanding 7.550% guaranteed notes due 2028 (the "2028 Notes”). The Operating Partnership previously announced that it had ext

First Trust Portfolios Canada Announces Cap, Buffer and Dates of First Trust Vest U.S. Equity Buffer ETF - August

TORONTO, Aug. 21, 2026 (GLOBE NEWSWIRE) -- FT Portfolios Canada Co. ("First Trust Canada”), announced today that the cap, buffer and dates for the next Target Outcome Period for the First Trust Vest U.S. Equity Buffer ETF - August (AUGB.F) (the "fund” or "August Buffer ETF”) are as follows: TICKERCAPBUFFEROUTCOME PERIOD AUGB.F16.71% (Gross)10%24/08/2026 - 20/08/2027 The previous Target Outcome Period for AUGB.F concluded on August 21, 2026 and the upside cap for the new Target Outcome Period has

Elseland Unveils 20 Games Created with AI, Advancing AI Game Development at Scale

What began as a solo AI experiment has grown into a team production system that turns diverse ideas into playable games faster. SINGAPORE and LOS ANGELES, Aug. 22, 2026 /PRNewswire/ -- Elseland today unveiled 20 new original games created with AI across every stage of production. The collection will join the growing catalog on Elseland's open world game platform and spans match 3, puzzle, arcade, action, hypercasual and interactive narrative genres. It demonstrates how AI game development can he

Vatican plans €100 million agrivoltaic energy plant near Rome

U.S. judge strikes down immigrant visa suspension covering 75 countries