Philippines Business News

International Equity Group Announces Expansion of Its Global Advisory and Wealth Management Services

LONDON, Aug. 09, 2026 (GLOBE NEWSWIRE) -- International Equity Group, a London-based wealth management and investment advisory firm, today announced the expansion of its global advisory and client service capabilities, supporting investors seeking diversified access to international financial markets while maintaining a relationship-led approach to wealth management. Headquartered in Canary Wharf, the firm has broadened its market coverage across Europe, the United States, and Asia, with additio

Iran Guards say won't reopen Hormuz without US meeting all Tehran's conditions

TEHRAN — Iran's Revolutionary Guards said on Sunday they would not reopen the Strait of Hormuz, vital to the world economy, until the United States met Tehran's conditions set out the day before, including compensation for war damages. Iran has imposed an effective blockade of the strait since the United States and Israel attacked in late February, and wants to charge tolls for passage, striking ships it accuses of attempting to circumvent its preferred route. Continued attacks in the wate

Meralco: 98,000 customers lose power amid 'habagat' rains

Heavy rains and severe flooding brought by the Southwest Monsoon, locally known as “habagat,” have disrupted electricity service for approximately 98,000 customers across Luzon, power distributor Manila Electric Company (Meralco) said on Sunday, August 9.

Eala faces Tokyo Olympics champ Bencic in NBO Round 3 in Toronto

ANOTHER Olympic champion separates Alexandra “Alex” Eala from a second straight WTA Tour quarterfinal berth. Battered and all though, Ms. Eala assured her readiness in standing her ground to shore up her drive for a second straight WTA Tour title as well. “I am as tired as one can be at this stage. You can […]

All eyes on Louie Alas to steady the ADMU basketball program

IT IS all eyes now on interim head coach Louie Alas with a tall order to steady the ship for the sunken Ateneo de Manila University (ADMU) men’s basketball program on the heels of one of the biggest sports tragedies in history following the tragic drowning of its players Rene Baterbonia and Divine Adili in […]

Cuadrat sees the Asean-Hyundai Cup as learning experience for the national booters

COACH Carles Cuadrat considered the Philippines’ campaign in Asean Championship-Hyundai Cup a “learning experience” despite the booters’ failure to advance to the semifinals. Mr. Cuadrat’s youth-laden squad managed only one win in Group B at the expense of Laos, 4-1, versus a 1-4 heartbreaker at the hands of Myanmar at home and back-to-back 0-1 losses […]

Experience matters

For much of the match, the Fever looked like they had figured out how to beat the Aces at the latter’s own game. They played with pace, built a substantial lead, and forced the defending champions to spend most of the night chasing them. Unfortunately for them, basketball has a way of making a seemingly […]

Warsh wants a Fed that plays a smaller role in markets

Marcos names new DOH undersecretary

MANILA, Philippines — President Ferdinand Marcos Jr. recently appointed Department of Health Assistant Secretary Christian Lel Saquilabon as undersecretary, replacing Emmie Liza Chiong. The President signed Saquilabon’s appointment letter on August 4. "Pursuant to the provisions of existing laws, you are hereby appointed undersecretary, co-terminus with the appointing authority, vice Emmie Liza P. Chiong," the appointment letter read. Saquilabon, who has a law degree, has been the ch

WATCH: 1,400 athletes join IRONMAN in Cebu

Around 1,400 athletes from 48 countries took part in the 12th IRONMAN 70.3 Lapu-Lapu Cebu, which Lapu-Lapu City Mayor Ma. Cynthia “Cindi” King-Chan described as a successful hosting for the city. King-Chan said the race proceeded without recorded untoward incidents despite the challenging current during the swim. The athletes completed a 1.9-kilometer swim, 90-kilometer bike course and 21.1-kilometer run. The mayor said the city is excited to host the event again next year. VIDEO BY

McNally grateful for Filipino support despite Eala defeat

MANILA, Philippines — American tennis player Caty McNally may have fallen to Filipina star Alexandra “Alex” Eala, but she left Toronto with a lasting appreciation for the Filipino fans who filled the stands and cheered throughout their clash. The world No. 70 McNally bowed to No. 20 Eala, 6-1, 4-6, 6-2, in a grueling three-set battle in the Round of 32 of the National Bank Open at Sobeys Stadium Centre Court in Toronto, Canada. Despite the defeat, McNally said the experience of

International Rights Groups Raise Alarm Over Freedom of Religion and Expression in South Korea

SEOUL, South Korea, Aug. 08, 2026 (GLOBE NEWSWIRE) -- Human Rights Without Frontiers (HRWF), together with CAP Liberté de Conscience (CAP LC), which has accredited ECOSOC status at the United Nations, FOREF, CESNUR and Bitter Winter, held a press conference today at the Seoul Foreign Correspondents’ Club on Freedom of Religion or Belief and Freedom of Expression in South Korea. The issues addressed included concerns about the treatment of elderly religious leaders in pretrial detention, includin

Filipinos new breed of ‘high energy’ tennis fans

It’s high time tennis gets a “high energy” crowd. And Filipinos are setting the trend on what a “high energy” crowd in tennis is, every time they cheer and almost put on a pedestal Alex Eala. Well, let me say it again – it’s high time tennis gets its own “high energy” crowd, because, if not, tennis might as well be played like chess – or in a venue where silence is the norm. In my view, the real sports superstars don’t wilt or get

PH embassy seeks Filipino community’s help in finding missing Filipino in Vietnam

MANILA, Philippines — The Philippine Embassy in Vietnam has sought the help of the Filipino community to determine the whereabouts of a 20-year-old Filipina who had been missing since August 2025. The embassy in Hanoi on Saturday posted a "missing person advisory" concerning the disappearance of Charmaine Portes Huraño who was born in 2005. "The embassy requests the assistance of the Filipino community in determining the whereabouts and of the condition of Ms. Huraño, who has

Inclement weather disrupts nine flights

MANILA, Philippines — Nine domestic and international flights were disrupted on Sunday due to bad weather caused by the enhanced southwest monsoon, the Civil Aviation Authority of the Philippines (CAAP) said. CAAP announced the cancellation of Cebgo flights DG171 and DG172 (Clark-Masbate-Clark) due to adverse wind and strong tailwind conditions in Masbate. Two flights were diverted to Clark International Airport — Cebu Pacific flight 5J472 (Bacolod-Manila) and Malaysia Airlines fligh

Messi missing after father's death as Miami lose in Leagues Cup

MIAMI — Lionel Messi was missing following the death of his father as Inter Miami lost 2-1 to visiting Monterrey on Saturday in a Leagues Cup match. Teams observed a minute of silence before the match for Jorge Messi, who died at age 68 in Argentina, where the Inter Miami captain Lionel Messi arrived on Saturday night. "Our hearts are with our captain, Leo, and the entire Messi family," Inter Miami said in a statement. Argentine midfielder Rodrigo De Paul scored in the 32nd minute to give

Lake Mead hits historic low water level as Colorado River struggles

BOULDER CITY, Nevada — Lake Mead, the largest reservoir in the United States, has plummeted to its lowest water level since it was filled some 90 years ago, another sign of the crisis plaguing the Colorado River system. Water levels at the reservoir, which straddles the Arizona-Nevada border outside Las Vegas, hit 1,040.4 feet (317.1 meters) above sea level on Friday, according to federal data. That's just below the record set on July 28, 2022, according to the U.S. Bureau of Reclamation.

Which economies and sectors are most exposed to AI earnings bust?

World number one Sabalenka ousted in Toronto by Alexandrova

TORONTO — World number one Aryna Sabalenka was eliminated by Russian 16th seed Ekaterina Alexandrova on Saturday in a fourth-round match at the WTA Toronto Masters tournament. Alexandrova defeated the four-time Grand Slam winner from Belarus 7-6 (7/3), 4-6, 6-4 in 2hr 29min to book a berth in the quarter-finals. Sabalenka, who will seek her third consecutive US Open title next month, fell to 5-5 in her career WTA rivalry with Alexandrova, who will face either American eighth seed Amanda An

Wall Street week ahead: inflation, retail sales updates

NEW YORK — Reports on inflation and retail sales are the central updates for Wall Street this week. The reports help give investors and economists a better sense of where prices are moving on a wide range of goods and services, while also providing a clearer picture on the impact to businesses and households. On Wednesday, the U.S. will release its consumer price index, or CPI, for July. It is a detailed report on prices for a wide range of goods and services. Economists expect it to show

The 16th Worldwide Chinese Life Insurance Congress & 2026 International Dragon Award (IDA) Annual Conference Grandly Held

Over 10,000 financial insurance elites from around the world gathered in Hong Kong HONG KONG, Aug. 9, 2026 /PRNewswire/ -- From August 7 to 10, 2026, the 16th Worldwide Chinese Life Insurance Congress and the 2026 International Dragon Award (IDA) Annual Conference were grandly held in Hong Kong, the "Pearl of the Orient." At this joint event, over 10,000 financial insurance professionals from around the world-including senior executives of insurance companies, industry experts, and scholars-gath

Why the upcoming CPI report is a bigger event than last week’s jobs data

A drone likely from Ukraine explodes in Bulgaria near a gas pipeline

SOFIA, Bulgaria — A drone entered Bulgarian airspace on Saturday and exploded close to an international gas pipeline shortly after crossing the border from Romania. There were no casualties or damage. Drones straying into NATO airspace have not been uncommon since Russia's full-scale invasion of Ukraine. The defense ministry in Sofia, Bulgaria's capital, later said there were indications the drone was the kind used by Ukrainian armed forces and that the incident was likely accidental. Bulg

Agoda Shares Must-Visit Destinations in Asia for the Ultimate 'Glow-cation'

SINGAPORE, Aug. 9, 2026 /PRNewswire/ -- The 'glow-cation' trend is captivating travelers worldwide, offering a journey focused on beauty treatments and wellness experiences. Asia, with its unique style offerings and cutting-edge beauty innovations, stands out as a premier destination for those seeking to enhance their personal style and rejuvenate their appearance. Digital travel platform Agoda showcases some of Asia's most alluring style and wellness destinations, each promising a distinct beau