Philippines Business News

The renovation is done. Now Ayala is changing the shops inside its malls.

As malls complete their glow-up, Ayala Land hopes it can ‘bring in the concepts to kind of match the new physical experience’

Cebuana Lhuillier Insurance Brokers wins Insurance Asia’s Domestic Broker of the Year for 5th straight year

MAKING insurance more accessible has never been simply about expanding reach. It is about creating solutions that respond to the realities of everyday life, empowering more Filipinos to protect what matters most. Guided by this commitment, Cebuana Lhuillier Insurance Brokers (CLIB) continues to raise the standard for inclusive insurance, earning its fifth consecutive Domestic Broker of the Year-Philippines recognition at the Insurance Asia Awards 2026. Presented annually, the Insurance Asia Awar

Selena Gomez sued for alleged fraud over mental health start-up

LOS ANGELES — Singer and actor Selena Gomez was sued on Thursday by investors who say the "Only Murders in the Building" star committed fraud by failing to fulfill duties to build and promote her mental health start-up. The plaintiffs invested nearly $1.2 million in Wondermind Global, which was launched in 2021 to help users strengthen their "mental fitness," according to the lawsuit filed in federal court in Delaware. Investors said they were told Gomez, one of the biggest celebrities on

Flores earthquake exposes the hazard of Indonesia’s unusual backthrust

The magnitude 7.7 earthquake that struck off Indonesia’s Flores Island early Saturday was generated by an unusual fault system that has produced destructive earthquakes and tsunamis in the past, according to a rapid analysis by earthquake researchers Kyle Bradley and Judith Hubbard. The earthquake struck at 5:58 a.m. local time at a depth of about 10 kilometers, according to the U.S. Geological Survey. Its epicenter was about 68 kilometers north-northwest of Ende in East Nusa Tenggara prov

Prime Minister of Australia Marks 500,000 Home Battery Milestone, Continuing Support for Local Solar Business

SYDNEY, Aug. 15, 2026 /PRNewswire/ -- Yesterday, the Smart Energy Council and RKS Energy Solutions, an authorised retailer for Fox ESS, hosted a press conference in a local warehouse in Castle Hill. Government leaders joined the celebrations, marking Australia's milestone of 500,000 home battery installations and reinforcing the impact of the Cheaper Home Batteries Program (the program) on household adoption of residential energy storage. Fox ESS's brand ambassador, Ian Thorpe, also witnessed th

Miss Universe reaffirms Thai exec’s role amid ownership claims

MANILA, Philippines — The Miss Universe Organization (MUO) has confirmed Nawat Itsaragrisil as chief executive officer of Miss Universe Eastern and warned its partners and stakeholders against unauthorized websites and notices disputing the Thai executive’s role in the organization. In an advisory issued Saturday, MUO said recent notices and claims published on external digital platforms, including websites impersonating the organization, prompted it to clarify its executive leadersh

The digital backbone that helped design the Metro Manila Subway

The Metro Manila Subway is being built underground and across 37 kilometers of Metro Manila, but much of the coordination behind the project is happening on computer screens. The 17-station railway involves thousands of engineering drawings, three-dimensional models, construction schedules, specifications and project records. As designs change and construction moves forward, those documents have to remain consistent across the many companies and engineering disciplines involved in the project. F

Prosecution evidence enough to convict Duterte, says lawmaker

MANILA, Philippines — There is enough evidence to convict Vice President Sara Duterte, a lawmaker at the House of Representatives said on Saturday. Manila 6th District Rep. Bienvenido Abante Jr. said the vice president was "guilty already" and that "what the prosecution team has actually said was enough," said Abante at a News Forum in Quezon City. Abante said Duterte’s alleged threats against President Ferdinand Marcos Jr., first lady Liza Araneta-Marcos and former Speaker Martin Ro

MakatiMed introduces first digital pathology scanner in PH, Southeast Asia

MARKING a significant step in digital pathology and cancer diagnostics, Makati Medical Center (MMC) launched the first digital pathology scanner in the Philippines and Southeast Asia. Inaugurated last Wednesday, the Aperio GT 180DX scanner marks a milestone in pathology by enabling the digitization of tissue samples for more efficient diagnosis and collaboration in the medical field. “ Cancer incidences are rising around the world, including in the Philippines. And unfortunately, the numbe

Malacanang: 2 DOH officials resign over conflict of interest, violation of procurement laws

MANILA, Philippines—Malacanang on Saturday confirmed the resignation of two Department of Health (DOH) officials after facing complaints before the Office of the Ombudsman. In a Viber message, Presidential Communications Office Undersecretary Claire Castro confirmed that lawyer Randy Escolango, DOH undersecretary for Financial and Supply Chain Management Services and Dr. Glenn Mathew Baggao, undersecretary for Universal Health Care – Health Services Cluster (UHC-HSC) Lead for Luzon,

Ukraine strikes Russian space centre linked to Rassvet satellite network

Dizon inspects highway rehab, flood control project in 2 Bulacan areas

MANILA, Philippines — Public Works and Highways Secretary Vince Dizon wasted no time as he made several inspections on projects amid the rainy season, the latest of which was the ongoing rehabilitation and upgrading of the pothole-ridden Doña Remedios Trinidad (DRT) Highway in Baliwag City, Bulacan. Dizon conducted the inspection with Mayor Sonia Estrella to check the progress of the project, which was carried out in response to complaints about potholes along the highway, and ensur

Ejercito ensures transparency in P7.2T budget deliberations

CEBU CITY — Amid the ongoing impeachment trial of Vice President Sara Duterte and the controversy surrounding flood-control projects, Sen. Joseph Victor Ejercito said the Senate will keep deliberations on the proposed P7.2-trillion national budget for 2027 open and transparent. Ejercito, the new chairman of the Senate Committee on Finance, said the budget process would add to the workload of senators, who attend the impeachment trial in the morning and plenary sessions in the afternoon. &l

China’s arrest of Filipinos seen as a warning to Manila

MANILA, Philippines — China’s high-profile arrest of allegedly more than 100 undocumented Filipino workers could be a warning to Manila that Beijing was prepared to respond to actions against Chinese citizens in the Philippines, according to a Manila-based policy institute. In an interview, Asia-Pacific China Studies Institute (ACPSSI) president Herman Tiu Laurel said the arrests themselves were consistent with Chinese immigration and labor laws, but argued that the decision by Chine

Norwegian proponent's walkout halts Iloilo AI data center plans

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 the 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, duri

Lady Chiefs make strong statement, sweep Lady Knights

MANILA, Philippines — Arellano University drew first blood with a statement sweep of reigning NCAA champions Colegio de San Juan de Letran, 25–20, 25–22, 25–15, on opening day of the 2026 V-League Collegiate Challenge on Saturday at Gameville Central Park in Mandaluyong City. A strong start in the third set turned into a decisive blow for the Lady Chiefs, who maintained their clinical run to the finish behind wing spikers Cassey Florida and Heart Villaflores. Florida, how

US presses Apple to avoid Chinese memory chips amid shortage - WSJ reports

[Vantage Point] Solar Para sa Bayan: When public privilege meets accountability

Senator Loren Legarda's defense that 'no public funds were involved' does not fully dispose of the controversy. Public resources are not confined to money released from the Treasury.

Earth Is Running Out of Power for AI. One Tech Expert Explains Why Musk's Answer Is to Put Data Centers in Space.

As AI strains the power grid, this Tech Expert breaks down Musk's audacious orbital plan, the reasoning behind it, and why it could reshape the future of AI computing. Baltimore, MD, Aug. 14, 2026 (GLOBE NEWSWIRE) -- Artificial intelligence has run into a very physical limit: there may not be enough electricity on Earth to feed it. James Altucher explains why that shortage is behind one of Elon Musk's most audacious ideas, launching data centers into orbit. Why Earth Is Running Out of Power for

U.K. steps up defense supply-chain checks after naval drones signal China

Luzon, Western Visayas will have scattered rain showers, thunderstorms

The southwest monsoon (habagat) is still affecting Luzon and the Visayas, bringing scattered rain showers or thunderstorms, the state weather bureau Pagasa said early Saturday morning. In its 4 a.m. weather advisory, Pagasa said that Metro Manila, the Ilocos Region, the Cordillera Administrative Region, Cagayan Valley, Central Luzon, Calabarzon (Cavite, Laguna, Batangas, Rizal, and Quezon), Occidental Mindoro, and Oriental Mindoro would have cloudy skies with scattered rain showers and thunderst

Partners Value Investments L.P. Announces Q2 2026 Interim Results

TORONTO, Aug. 14, 2026 (GLOBE NEWSWIRE) -- Partners Value Investments L.P. (the "Partnership”, TSXV:PVF.UN, PVF.PR.U) announced today its financial results for the three and six months ended June 30, 2026. All amounts are stated in United States dollars ("US dollars"). The Partnership recorded net income of $15 million for the three months ended June 30, 2026, compared to a net loss of $6 million in the prior year period. The increase in income was primarily driven by foreign currency translatio

Partners Value Investments Inc. Announces Q2 2026 Interim Results

TORONTO, Aug. 14, 2026 (GLOBE NEWSWIRE) -- Partners Value Investments Inc. (the "Company”, TSXV: PVF.PR.V, PVF.A) announced today its financial results for the three and six months ended June 30, 2026. All amounts are stated in United States dollars ("US dollars"). The Company recorded a net loss of $145 million for the three months ended June 30, 2026, compared to a net loss of $135 million in the prior year period. The increase in net loss was primarily due to higher remeasurement losses assoc

New Earth Resources Announces Adoption of Quarterly Reporting Exemption under Coordinated Blanket Order 51-933

August 14, 2026 | Source: New Earth Resources Corp. Vancouver, British Columbia, Aug. 14, 2026 (GLOBE NEWSWIRE) -- NEW EARTH RESOURCES CORP. (CSE: EATH) ("New Earth" or the "Company") is pleased to announce that it has elected to rely on Coordinated Blanket Order 51-933 Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers and move to semi-annual financial reporting ("SAR"). Coordinated Blanket Order 51-933 allows eligible venture issuers listed on the Canadian Securities Exchan