Philippines Business News

Ministry of Information & Broadcasting, Pakistan: The Morning After - An Independence Day Message

ISLAMABAD, Aug. 15, 2026 (GLOBE NEWSWIRE) -- The Ministry of Information & Broadcasting, Government of Pakistan, has issued an Independence Day message reflecting on the meaning of freedom, the resilience of the Pakistani people and the continuing work of building a country that remains, in the words of the message, "not finished, not defeated, still becoming.” On the morning of Independence Day, Islamabad is strangely beautiful. The streets are quieter than usual. Green and white flags have app

PCSO Lotto Results | August 16, 2026

Today's Front Page | August 16, 2026

Lump-sum allocations in 2027 budget flagged

SEN. Panfilo Lacson has flagged what he described as “questionable” lump-sum appropriations for infrastructure projects in the proposed P7.2-trillion national budget for 2027, saying he will demand details from the government agency concerned. Lacson said lump-sum allocations may be justified for unpredictable expenses such as calamity funds, but their use for infrastructure projects warrants closer scrutiny because the proposed allocations do not provide a detailed breakdown of the

DOJ reviews US files vs Quiboloy, 2 others

THE Department of Justice (DOJ) is reviewing six voluminous batches of supporting documents transmitted by the US government in connection with its extradition request for Apollo Quiboloy and two ranking officials of the Kingdom of Jesus Christ (KOJC). State Counsel Dennis Arvin Chan confirmed that the DOJ is examining the documents that were received through the Department of Foreign Affairs (DFA). “The documents that we received from the DFA were quite voluminous. Each respondent would h

Waste-to-energy system up in 18 months – Marcos

PRESIDENT Ferdinand Marcos Jr. has directed the Department of Energy (DOE) to implement its waste-to-energy (WTE) program within 18 months, following the “sea of trash” caused by heavy monsoon rains last week. During his inspection of the clearing and waste collection operation at the Diokno Pumping Station in Pasay City, Marcos recognized that while the program is not easy to do, the technical aspects of the technology have already been finalized. “It’s not so easy to do

Norwegian data center backer junks briefing

ILOILO CITY — What was supposed to be a public consultation on a proposed 50-megawatt (MW) AI data center in Oton, Iloilo, ended in uncertainty after its Norwegian proponent abruptly walked out and declared that there was no reason to continue the discussion amid mounting opposition from residents. Daniel Stefan Robertsen, who presented the project under Norway Green Energy, was pitching the development of a 10-hectare hyperscale AI data center campus in Barangay Abilay Sur, Oton, during a

Iran war commander visits USS Abraham Lincoln as carrier prepares to return home

BIR clarifies rules on early PERA withdrawals

The Bureau of Internal Revenue has clarified the rules on early withdrawals from Personal Equity and Retirement Accounts, noting that the 20 percent penalty will apply only to income attributable to the portion actually withdrawn.

Borderless banking

Picture a nurse finishing a night shift in a Los Angeles hospital, checking her phone in the parking lot before she drives home, or an engineer in Silicon Valley, stepping out of a meeting to send money before the exchange rate shifts again.

Coins.ph teams up with Bayad

Digital asset platform Coins.ph is expanding its payments business through a partnership with Bayad that will nearly double the number of billers available on its app and reduce reliance on third-party payment aggregators.

Food exporters dig deep to capitalize on ube rush

As the Philippines rushes to capitalize on the surging global appetite for its iconic purple root crop, food processors are pushing to secure high-quality ube (purple yam) materials for processing and export.

Government mulls higher profit share in Semirara coal deal

The Marcos administration is weighing a larger share of proceeds from the new contract covering the Semirara coal mine in Antique, as the auction process faces further delays.

How to turn waste into power sources

Rockefeller Farm has dedicated a portion of its seven-hectare land for a dome-like structure.

‘Lack of long-term goals hinders Philippines growth’

The country’s economic growth could have accelerated further had the government consistently funded big-ticket infrastructure projects across different administrations, an economist said.

More Manila-Istanbul flights on the way

Filipinos can expect more flight options to Turkey following the signing of a new deal between Manila and Istanbul for additional air seats.

Move before the fog clears

Many adults are not hindered by a lack of talent, but rather by a discomfort with uncertainty.

Philippines tax revenue goal ‘ambitious,’ says BMI

The Philippine government’s tax revenue target appears “ambitious,” with value-added tax collections estimated to rise by 12.8 percent to P860 billion next year even without introducing major tax reforms, according to research and analysis firm BMI.

Pinoy workers want more despite salary satisfaction – survey

Most Filipinos said they were fairly paid, but only six in 10 workers said they were satisfied with their current pay, according to a survey conducted by Jobstreet by SEEK.

SMC expands urban farms beyond Luzon

Diversified conglomerate San Miguel Corp. is expanding its urban farm initiative beyond Luzon as it recently established its first backyard farm site in the Visayas to support local food security.

Visa, UMSI roll out phone-based card payments for SMEs

Visa has partnered with USSC Money Services Inc. to roll out a new payment solution that allows small businesses to accept contactless card payments directly through smartphones without buying or renting traditional point-of-sale terminals.

How could open-weight models impact GenAI ROIC?

Filipino shines at Oxford University

Anna Mae Yu Lamentillo, Department of Information and Communications Technology (DICT) undersecretary, delivers a speech at the University of Oxford where she was awarded the Programme Director’s Prize for her exceptional contribution to the classroom and the wider MSc in Major Programme Management cohort at Saïd Business School. The distinction is presented to a student whose academic engagement, presence and participation have made a meaningful impact on the life of the program. The

Fire hits residential area in Pasay

Firefighters try to contain a third-alarm fire that erupted in a residential area in Pasay City Aug. 15, 2026. No other details are available as of posting time. VIDEO BY BFP NCR Pasay City PHOTO BY RENE H. DILAN