Philippines Business News

First-quarter GDP growth unchanged at 2.8%

By Justine Irish DP. Tabile, Senior Reporter THE Philippine Statistics Authority (PSA) on Thursday said it kept the country’s first-quarter gross domestic product (GDP) growth rate unchanged at 2.8%. Meanwhile, gross national income growth — which measures GDP plus net primary income from the rest of the world — was revised downward to 2.9% from […]

Ateneo Art Gallery opens Tad Ermitaño retrospective exploring technology and play

The Ateneo Art Gallery has opened Somatodelic, a retrospective of Filipino artist and educator Tad Ermitaño that brings together decades of work in electronic media, sound, experimental film and creative coding, while inviting audiences to rethink their relationship with technology through play and embodied experience. The exhibition features selected works spanning Mr. Ermitaño’s decades-long practice, […]

PHL factory output growth accelerates in June

MANUFACTURING OUTPUT expanded at a faster pace in June, driven by the production of coke and refined petroleum products, food products, and transport equipment, the Philippine Statistics Authority (PSA) said. Preliminary results of the PSA’s latest Monthly Integrated Survey of Selected Industries showed factory output, as measured by the volume of production index (VoPI), rose […]

Yardeni explains why the Fed should be turning more hawkish

More Filipinos find work, but jobless rate still climbs to 4.9%

The Philippines added more than 1 million employed workers between May and June, but the labor force grew even faster.

Unemployment rises slightly to 4.9% as fresh grads struggle to find jobs

Around 592,000 Filipinos 15 to 24 years old enter the labor force for the first time in June, but only 310,000 of these young entrants find employment

Philippine Jobless rate rises to 4.9% in June

Philippine joblessness worsened in June, signaling weaker labor-market conditions that could weigh on household spending and complicate the government’s efforts to sustain economic growth. The unemployment rate rose to 4.9% from 3.7% a year earlier, with 2.59 million Filipinos out of work, the Philippine Statistics Authority reported on Thursday. The jobless rate was also up […]

Health chief denies allegations over new graft complaint, vows cooperation

Health Secretary Jose Brittanio “Brix” S. Pujalte Jr. on Thursday denied allegations that he deliberately delayed the procurement of anti-tuberculosis commodities after a graft complaint was filed before the Office of the Ombudsman, adding that he would cooperate with the investigation. In a statement released by the Department of Health (DoH), Mr. Pujalte said the […]

Wealth of Philippines’ 50 richest tycoons falls 8% to $79 billion — Forbes

The combined wealth of tycoons on the 2026 Forbes Asia Philippines’ 50 Richest list fell 8% to $79 billion from $86 billion a year earlier, according to the 2026 Forbes Asia Philippines’ 50 Richest list. Only 14 listees were better-off from a year ago, Forbes Asia said in a news release on Thursday. Forbes Asia […]

Farm output rises 2.9% in Q2 on strong crop, livestock, poultry, fisheries output

Agricultural production increased 2.9% year-on-year in the second quarter year due to gains in crop, livestock, poultry, and fisheries output, the Philippine Statistics Authority (PSA) said. The PSA reported that the value of production in agriculture and fisheries at constant 2018 prices grew to P452.22 billion in the second quarter from P439.66 billion a year […]

The Dutertes, BPI’s TG Limcaoco, and a very stubborn bank secrecy law

There is history here, too. The same BPI Julia Vargas branch now covered by Sara Duterte’s impeachment subpoena was at the center of Rodrigo Duterte’s 2016 bank account controversy.

Iran talks in focus; Sandisk, Block earnings - what’s moving markets

Mitrade Earns AI Award While Keeping Australian Traders in the Decision Seat

MELBOURNE, Australia, Aug. 6, 2026 /PRNewswire/ -- CFD broker Mitrade received Global Business Magazine's 2026 AI Broker of the Year award as the latest AI model powering MitradeGPT rolls out in selected regions, with Australia to follow. It speaks to a central AI debate: how to accelerate research without displacing trader judgement. Young Australians are testing AI for financial research, even as regulators urge caution over its limits. ASIC's "Moneysmart Gen Z Financial Behaviours Report 2026

Built for Confidence: The Manufacturing Strength Behind FREELANDER 8

SHANGHAI, China, Aug. 05, 2026 (GLOBE NEWSWIRE) -- As the British Premium Intelligent All-Terrain Brand, FREELANDER is accelerating its global expansion following the start of mass production and preparations for its Middle East debut, long-term competitiveness depends not only on product innovation, but also on manufacturing excellence. Behind FREELANDER 8 stands the Chery Jaguar Land Rover Changshu Manufacturing Base - a facility supported by a total investment of over 3.1 Billion USD, includi

After Multiple Surgeries and Years of Pain, One Book Changed Her Life

LOS ANGELES, Aug. 05, 2026 (GLOBE NEWSWIRE) -- Pamela Dicso was born with one leg shorter than the other, a difference that put her through eight surgeries across her childhood and teenage years. "I don't know what was worse, the physical pain or the emotional pain," Dicso recalls. "All of it resulted in negative thoughts, anxiety and depression. It was horrible." "As a teenager, I wanted to feel beautiful, confident and normal," Dicso said. "But instead of that, I started feeling very introvert

Avanti Gold Corp. to Present at the OTCQB Virtual Investor Conference on August 6th

Company invites individual and institutional investors, as well as advisors and analysts, to attend online at VirtualInvestorConferences.com VANCOUVER, British Columbia, Aug. 05, 2026 (GLOBE NEWSWIRE) -- Avanti Gold Corp. (CSE: AGC) (FSE: X370) (OTCQB: AVTGF), today announced that Mohamed Cisse, Chief Executive Officer, will present live at the OTCQB Virtual Investor Conference hosted by VirtualInvestorConferences.com, on August 6th, 2026. DATE: August 6th TIME: 3:30 PM ET REGISTER HERE Schedule

Restored Food for Peace Program Begins Kenya Shipment in New Orleans

American-grown crops loaded aboard the U.S.-flagged LIBERTY GRACE will provide enough food to feed more than 1 million people in Kenya for a year NEW ORLEANS, Aug. 05, 2026 (GLOBE NEWSWIRE) -- The Transportation Institute (TI), representing U.S.-flag American shipping companies, joined farmers, millers, longshoremen, merchant mariners, the U.S. Department of Agriculture, and the World Food Programme (WFP) today at the Port of New Orleans to mark the latest Food for Peace shipment of American-gro

Hudson Technologies Re-Awarded Defense Logistics Agency Contract

WOODCLIFF LAKE, N.J., Aug. 05, 2026 (GLOBE NEWSWIRE) -- Hudson Technologies, Inc. (NASDAQ: HDSN) a leading provider of innovative and sustainable refrigerant products and services to the Heating, Ventilation, Air Conditioning, and Refrigeration industry - and one of the nation’s largest refrigerant reclaimers - announced that it was notified by the United States Defense Logistics Agency ("DLA”) that it has been re-awarded the previously disputed and rescinded Indefinite Delivery Indefinite Quant

Trekor Announces $125 Million of Adjusted EBITDA in Second Quarter

Total Operating Costs (C1*) (US$ per pound of copper produced) Total Operating Costs (C1*) (US$ per pound of copper produced) VANCOUVER, British Columbia, Aug. 05, 2026 (GLOBE NEWSWIRE) -- Trekor Metals Limited (TSX: TKO; NYSE American: TGB; LSE: TKO) ("Trekor" or the "Company") reports second quarter 2026 Adjusted EBITDA* of $125 million. Earnings from mining operations before depletion and amortization and non-recurring items* was $154 million. Revenues in the second quarter were $331 million

CU Student Choice Launches New Professional Degree Financing Solutions as Grad PLUS Loans Phase Out

Langley FCU and Elements Financial CU are first to introduce new credit union-funded professional degree line of credit programs Washington, DC, Aug. 05, 2026 (GLOBE NEWSWIRE) -- CU Student Choice, the leading provider of education financing solutions for credit unions, today announced the launch of new line of credit programs designed for students seeking professional degrees in fields such as medicine, dentistry, and law. Langley Federal Credit Union and Elements Financial are the first two cr

Sunfund Securities Acted as Joint Bookrunner to Support RECONOVA's Successful Listing on the HKEX

Hong Kong, Aug. 05, 2026 (GLOBE NEWSWIRE) -- Hong Kong - July 24, 2026 - Sunfund Securities Acted as Joint Bookrunner to Support RECONOVA's Successful Listing on the Hong Kong Stock Exchange HKET Daily Reports that on 8 July 2026, Xiamen RECONOVA Information Technology Co., Ltd. was successfully listed on the Main Board of the Hong Kong Stock Exchange (HKEX). The H-share offering was priced at HK$21.66 per share, raising approximately HK$608 million in gross proceeds. In this IPO, Sunfund Securi

Local officials declare ‘F2F’ classes suspension in all school levels in QC, Camanava

MANILA, Philippines — Local officials in Quezon City and CAMANAVA (Caloocan, Malabon, Navotas and Valenzuela) area have declared the suspension of face-to-face classes in all school levels in their respective turfs due to the expected bad weather conditions brought by the southwest monsoon or ‘habagat.’ The five city chief executives – QC Mayor Joy Belmonte, Caloocan Mayor Dale Gonzalo Malapitan, Malabon Mayor Jeannie Sandoval, Navotas Mayor John Rey Tiangco and Valenzuel

Manulife announces $3.2 billion long-term care reinsurance transaction with Munich Re

• Company's third LTC reinsurance transaction and first on a standalone LTC block, highlighting Manulife's ability to transact in various structures • Full risk transfer on the biometric risk with no asset transfer • Upon closing, Manulife will have cumulatively reduced LTC risk by 24% TORONTO, Aug. 6, 2026 /PRNewswire/ -- Manulife Financial Corporation ("Manulife" or the "Company") announced today that it has agreed to reinsure biometric risk1 on a block of long-term care ("LTC") policies with

Beyond Meat® Reports Second Quarter 2026 Financial Results

EL SEGUNDO, Calif., Aug. 05, 2026 (GLOBE NEWSWIRE) -- Beyond Meat, Inc. (NASDAQ: BYND), otherwise known as Beyond The Plant Protein Company™ (the "Company” or "Beyond Meat”), today reported financial results for its second quarter ended June 27, 2026. Second Quarter 2026 Financial Highlights1 Net revenues were $68.8 million, a decrease of 8.2% year-over-year.Gross profit was $5.9 million, or gross margin of 8.5%, compared to gross profit of $7.9 million, or gross margin of 10.6%, in the year-ago