Philippines Business News

Austin Air Systems Launches Parent Teacher Toolkit to Help Schools Extend the Life of Classroom HEPA Air Purifiers and Support Cleaner Indoor Air

BUFFALO, NY, Aug. 08, 2026 (GLOBE NEWSWIRE) -- As schools across the United States evaluate what to do with classroom air purifiers purchased during the COVID-19 pandemic, many units are reportedly being placed in storage, resold, or discarded as budgets tighten and equipment ages. Austin Air Systems today announced the launch of its Parent Teacher Toolkit, an online resource designed to help parents, teachers, and school communities support cleaner classroom air while maximizing existing invest

DeFix Solutions Nears Completion of Round 1 in the First Seed Sale of GTX Token

Round 1 of the first seed phase is approaching completion at $0.000300 per GTX, with Founder and CEO Akili Polee currently in Bangkok, Thailand, attending an industry conference. BANGKOK, Thailand, Aug. 08, 2026 (GLOBE NEWSWIRE) -- DeFix Solutions, the technology company behind GWallet / USDT Global Wallet and the GTX Token ecosystem, announced that Round 1 of the first seed phase of the GTX Token presale is approaching completion. The presale officially opened on July 11, 2026, and the current

Pentagon asks defence firms to accelerate weapons production

Probe urged to name ‘maleta boys’ handler

SEN. Erwin Tulfo said Saturday that the Office of the Ombudsman should find out who was behind the four “maleta boys” who recanted their allegations, saying the Senate Blue Ribbon Committee, which he heads, should not interfere to avoid duplicating the investigation. The four recanted their earlier allegations that they had delivered suitcases (maleta) filled with cash and flood control project kickbacks to top government officials, including President Ferdinand Marcos Jr., former Ho

‘Hostile’ witnesses up at impeachment trial

THE House prosecution is bracing for “hostile” witnesses in Vice President Sara Duterte’s impeachment trial this week, with prosecutor and Bicol Saro Rep. Terry Ridon expecting former special disbursing officers Gina Acosta and Eduard Fajarda to appear before the Senate impeachment court on Wednesday. “We’re expecting the hostile witnesses, such as Ms. Acosta and Mr. Fajarda, to be present there on Wednesday,” Ridon said at the Saturday News Forum in Quezon Ci

Eala outlasts McNally, moves into 4th round

PLAYING with a tweaked right ankle against the tough-fighting American Caty McNally, Filipino tennis ace Alexandra "Alex" Eala displayed tremendous grit to pull off a 6-3, 5-7, 6-4 win and enter the WTA 1000 National Bank Open fourth round (round of 16) at the Sobeys Stadium Centre Court in Toronto Saturday morning in Manila. Using a medical timeout after the fifth game in the second set, Eala could not close out McNally, who battled back from 2-3 and 4-5 game deficits to send the third-round ma

DOJ studies US request to extradite Quiboloy

THE Department of Justice (DOJ) has started evaluating the request for the extradition of detained religious leader Apollo Quiboloy from the United States, where he is on the Federal Bureau of Investigation’s (FBI) Most Wanted list for sex trafficking and child exploitation. Justice Secretary Fredderick Vida said the review will cover the Philippines’ extradition treaty with the US, relevant laws, Supreme Court rulings as well as Quiboloy’s pending local cases. “The first

Germany warns of constant hybrid attack threats after drone incident

A chat with CZ

One of the highlights of the recent ASEAN Tech Summit Manila was my fireside chat with Binance founder CZ, his first public appearance in the Philippines.

Agricultural trade deficit widens to $1.06 billion

The country’s agricultural trade deficit widened in June, as higher farm imports outpaced exports, according to the Philippine Statistics Authority.

‘AI to reshape Philippines labor market, makes retraining urgent’

Artificial intelligence is poised to displace far more jobs than it creates, making rapid workforce retraining imperative if the Philippines wants to minimize the technology’s disruptive impact, according to an expert.

AirAsia Philippines is most punctual budget airline

Low-cost carrier AirAsia Philippines turned in the best on-time performance among the world’s budget airlines in July, extending its run as one of the most punctual globally.

BCDA sets 30-year development plan for Pax Silica AI hub

The Bases Conversion and Development Authority expects the full development of the Pax Silica artificial intelligence (AI) hub in New Clark City in 30 years starting 2028.

Building trust, one loan at a time

For Fuse Financing president and CEO Tony Isidro, the journey into formal credit began at home.

Factory output posts faster growth in June

Philippine manufacturing output registered a faster growth rate in June from the previous month, driven by higher production of petroleum products and food items, according to the Philippine Statistics Authority.

Francorp marks 30 years of shaping Philippines franchising

For three decades, Francorp Philippines has done more than witness the evolution of the local business landscape; it has helped shape it.

It is that season again

Never underestimate the power of training.

Legitimate questions

The controversy surrounding the renewable energy projects linked to Rep. Leandro Leviste should prompt a broader conversation that extends well beyond the personalities involved.

Manila Water nets P8.5 billion in H1

Razon-led Manila Water Co. Inc. recorded a six-percent increase in net income in the first half, driven by higher tariffs from its east zone concession area and regional units.

More farm produce exported to Mideast

The country has expanded its agricultural export push in the Middle East following the shipment of more than 17 metric tons of Davao-grown produce to Saudi Arabia, according to the Department of Agriculture.

SMFB net income eases in 1st half

San Miguel Food and Beverage Inc. saw its earnings dip by four percent to P22.1 billion in the first half as inflation, slower economic growth and geopolitical disruptions weighed on consumer spending and some export markets.

‘Zero transfer fees not required for digital banks, fintechs’

Digital banks and fintech companies are pushing back against calls for permanently free fund transfers, saying the Bangko Sentral ng Pilipinas new pricing framework allows financial institutions to charge fees based on the actual cost of providing digital payment services.

Khan Marketing Dynasty Announces Launch of the 3-Hour Ascension System for Coaches, Creators, Consultants, and Online Experts

DUBAI, UAE, Aug. 08, 2026 (GLOBE NEWSWIRE) -- Khan Marketing Dynasty has announced the launch of the 3-Hour Ascension System, a new digital training program developed by entrepreneur and marketing strategist Dan Khan. The announcement introduces a structured framework designed to help coaches, creators, consultants, and online experts build an automated sales funnel that reduces dependence on traditional high-ticket sales calls while providing a more streamlined customer journey. $25M Award From

E.F. Hutton & Co. Acts as Exclusive Placement Agent for $5.0 Million Public Offering for iSpecimen

Transaction Marks E.F. Hutton's Third Capital Markets Engagement with iSpecimen Since December 2025 NEW YORK, Aug. 07, 2026 (GLOBE NEWSWIRE) -- E.F. Hutton & Co. ("E.F. Hutton”), a leading investment banking and financial advisory firm, today announced that it served as the exclusive placement agent in connection with the $5 million public offering for iSpecimen Inc. (Nasdaq: ISPC), an online global marketplace that connects researchers requiring biospecimens for medical research with a network