Philippines Business News

Intermountain Power Agency Announces the Issuance of a Request for Proposals for Acquisition of IPP Coal-Fueled Generating Units

RFP process conducted in cooperation with Utah Energy Council seeks qualified proposals for potential continued use of coal resources South Jordan, Utah, Aug. 05, 2026 (GLOBE NEWSWIRE) -- Intermountain Power Agency has issued a Notice of Availability for a Request for Proposals seeking qualified parties interested in the potential acquisition of the coal-fueled generating units and related assets at the Intermountain Power Project near Delta, Utah. The two coal-fueled units ceased operation for

Grupo Aeroportuario Del Pacifico Reports A Passenger Traffic Increase In July 2026 Of 1.2% Compared To 2025

GUADALAJARA, Mexico, Aug. 05, 2026 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE: PAC; BMV: GAP) ("the Company” or "GAP”) announces preliminary terminal passenger traffic figures for July 2026, compared with July 2025. During July 2026, the 12 Mexican airports operated by GAP recorded a 3.9% increase in total passenger traffic compared to July 2025. Guadalajara and Tijuana airports reported an increase of 13.2% and 7.2%, respectively, while Puerto Vallarta and Los C

Almadex Announces Completion of Sale of Royalty Interests

VANCOUVER, British Columbia, Aug. 05, 2026 (GLOBE NEWSWIRE) -- Almadex Minerals Ltd. ("Almadex” or the "Company”) (TSX-V: "DEX”) announces that it has completed the previously announced sale to Empress Royalty Corp. ("Empress”) of a portfolio of net smelter return royalty interests on mineral properties in Canada, the United States and Mexico for aggregate consideration of US$2,500,000. The consideration paid to Almadex consisted of US$1,000,000 in cash and 2,562,802 common shares of Empress, ha

Ridon: SC ruling rejects VP camp's 'mini-trial,' 'fishing expedition' narrative

HOUSE prosecutor and Bico Saro party-list Rep. Terry Ridon on Wednesday welcomed the Supreme Court’s dismissal of all petitions questioning the impeachment of Vice President Sara Duterte, saying the ruling puts to rest what her camp’s repeated claims that the proceeding is a “mini-trial” and a “fishing expedition.” The tribunal’s decision, the lawmaker stated, resolves the legal issues that had been repeatedly raised to challenge the impeachment proceedi

OceanaGold Reports Second Quarter 2026 Results

(All financial figures in United States dollars unless otherwise stated) Produced 138,800 ounces of gold, on track to deliver on full year guidance.Strong Free Cash Flow† of $130 million, with cash of $655 million and no debt at quarter end.Advanced growth projects and returned $78 million to shareholders via buybacks and dividends.VANCOUVER, BC, Aug. 6, 2026 /PRNewswire/ -- OceanaGold Corporation (TSX: OGC) (NYSE: OGC) ("OceanaGold" or the "Company") reported its operational and financial resul

Equinox Gold Delivers Strong Second Quarter Results; Increases 2026 Production Guidance Following Successful Completion of the Orla Mining Merger; Quarterly Dividend Increased by 50%

Focusing on execution as North America’s New Senior Gold Producer VANCOUVER, British Columbia, Aug. 05, 2026 (GLOBE NEWSWIRE) -- Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) ("Equinox Gold” or the "Company”) is pleased to announce its financial and operating results for the second quarter of 2026 ("Q2 2026”). The Company’s unaudited condensed consolidated interim financial statements for the three and six months ended June 30, 2026 ("Financial Statements”) and related management’s discussio

LGI Homes, Inc. Reports July 2026 Home Closings

THE WOODLANDS, Texas, Aug. 05, 2026 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 427 homes in July 2026, including 16 currently or previously leased single-family rental homes. This represents a 12.1% increase compared to 381 homes closed in July 2025. As of July 31, 2026, the Company had 152 active selling communities. About LGI Homes, Inc. Headquartered in The Woodlands, Texas, LGI Homes, Inc. is a pioneer in the homebuilding industry, successfully applying an i

Trump says Iran talks going well, decries reports of munitions shortage

July inflation cools to 4-month low

PHILIPPINE INFLATION cooled to its slowest pace in four months in July as transport costs eased and food inflation steadied, the Philippine Statistics Authority (PSA) said.

Türkiye seeks end to Philippines anti-dumping duty on flour

THE TURKISH EMBASSY in Manila said changing market conditions may warrant allowing the Philippines’ anti-dumping duty on Turkish wheat flour to expire in January.

DoE cuts red tape for small-scale solar systems

SMALL-SCALE electricity end-users will be able to install solar power systems more quickly as the Department of Energy (DoE) streamlined the permitting process by removing prior approval hurdles.

S&P says preemptive measures to shield Philippines from ‘super El Niño’

THE National Government’s efforts to implement preemptive measures against the looming “Super El Niño” could cushion the economy despite its vulnerability to weather disruptions, Standard and Poor’s (S&P) Global Ratings said. “S&P Global Ratings believes that stronger early preparedness frameworks will keep the overall macroeconomic impact in Asia manageable,” S&P Asia-Pacific Senior Economist Vishrut Rana […]

Globe Telecom Q2 profit rises to P5.48B on higher revenues

GLOBE Telecom, Inc. posted a 0.37% increase in second-quarter net income to P5.48 billion on record revenues, but higher costs weighed on its first-half earnings despite continued growth in its mobile and digital businesses. For the three months ended June, the listed telecommunications company posted gross revenue of P46.95 billion, up 8% from P43.47 billion […]

Semirara Q2 income climbs 17% as power offsets weaker coal

CONSUNJI-LED Semirara Mining and Power Corp. (SMPC) reported a 17% increase in second-quarter (Q2) net income to P4.8 billion, as stronger earnings from its power business offset weaker contributions from coal operations. Revenue rose 25% to P18.60 billion from P14.82 billion a year earlier, driven by higher coal and electricity selling prices, as well as […]

Developers sell noncore assets as property slowdown seen lasting up to 3 years

PROPERTY DEVELOPERS are selling noncore assets and cutting debt as they brace for a market slowdown that could last another two to three years, consultancy firm PRIME Philippines said. Developers have shifted their priorities this year toward preserving liquidity and strengthening balance sheets as rising construction costs and growing environmental risks weigh on investment decisions, […]

Meralco moves to upgrade metering system to reduce system losses

MANILA Electric Co. (Meralco) is upgrading its older metering system as part of efforts to reduce system losses and improve monitoring of electricity delivered across its distribution network. In a statement on Wednesday, the power distributor said it continues to roll out its Elevated Metering Transformation (EMX) system, an upgraded version of its earlier Elevated […]

SMFB first-half earnings climb 4% to P22.1B on food sales

SAN MIGUEL Food and Beverage, Inc. (SMFB) posted a 4% increase in first-half net income to P22.1 billion, supported by stronger food sales despite weaker consumer demand and softer beer revenues. Revenue rose 2% to P205.3 billion for the six months ended June, while operating income increased 4% to P28.8 billion, the listed food and […]

D&L first-half profit up 8% on specialty products

D&L INDUSTRIES, INC. posted an 8% increase in first-half net income to P1.5 billion, supported by improving margins in its high-margin specialty products and a recovery in its food ingredients business despite persistent macroeconomic headwinds.

TDF yield goes up on rate hike bets as inflation stays elevated

THE BANGKO SENTRAL ng Pilipinas’ (BSP) term deposits fetched a higher yield on Wednesday on weaker demand and as investors expect further monetary policy tightening amid still elevated July inflation. Bids for the BSP’s term deposit facility (TDF) stood at P129.622 billion, well below the P150 billion in seven-day papers auctioned off. This was also […]

SSS raises Century Properties stake to nearly 10%

CENTURY PROPERTIES Group Inc. (CPG) said the Social Security System (SSS) increased its stake in the listed property developer to about 9.9% from 6.4% after acquiring 406.47 million additional common shares through a block sale. In a regulatory filing on Wednesday, CPG said the SSS acquired the shares from the company’s majority shareholder at P0.665 […]

Culion: An opportune testbed

“Buti naman naisip nyong bumisita dito (It’s good that you thought of visiting here).” Our guide uttered that remark in the middle of a tour of Culion Island’s main tourism area, lamenting that the sleepy island still rarely sees outsiders. The site of the world’s biggest leper colony in the 20th century where research yielded […]

PDIC pushes legislative agenda to boost protection, financial stability

THE PHILIPPINE DEPOSIT Insurance Corp. (PDIC) is pushing for legislative changes to improve its ability to protect consumers and ensure the stability of the financial system. The state deposit insurer is proposing to include nonbank financial institutions (NBFI) and cooperatives in its coverage to increase consumer protection, PDIC President and Chief Executive Officer Roberto B. […]

TMP sees auto market recovery despite global headwinds

TOYOTA Motor Philippines Corp. (TMP) said it expects market conditions to improve despite volatile oil prices and supply chain pressures, positioning the country’s largest automaker to rebuild sales momentum and increase vehicle supply. “While oil prices and supply chain pressures remain volatile, we are seeing encouraging signs of market recovery, and we are steadily rebuilding […]

Asia-Pacific consumers lead in digital use, cybercrime awareness

ASIA-PACIFIC (APAC) consumers lead their global counterparts in terms of both the use of digital platforms and awareness of cybercrimes, global cybersecurity and digital privacy company Kaspersky said. A B2C Pulse Survey conducted by Kaspersky Market Intelligence showed that consumers in the region outpace their global peers in terms of online shopping (80% versus 71%), […]