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BusinessWorld Economy
LGU applications to incur debt hit P8.49B in July
THE NUMBER of debt certifications issued by the Bureau of Local Government Finance (BLGF) more than tripled in July, covering P8.49 billion in proposed local government borrowing. The BLGF issued 22 new Certificates of Net Debt Service Ceiling and Borrowing Capacity during the month, more than triple the seven certificates issued in July last year. […]
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PHL lobbies US for removal of 12.5% forced-labor tariff
THE US has already received the Philippine government’s joint administrative order (JAO) to investigate the import of goods made with forced labor, in a bid to get Washington to reconsider the 12.5% tariff imposed in its exports, a trade official said. “We are in close coordination with the USTR (US Trade Representative) in terms of […]
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Poultry, livestock output seen positive in Q2 due to strong supply, production
POULTRY and livestock in the second quarter are estimated to have improved year on year due to excess supply of poultry and improved livestock and hog production, industry officials said. Elias Jose M. Inciong, chairman of the United Broiler Raisers Association, said poultry output is expected to increase, with the surplus offsetting poor farmgate prices […]
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NGO bats for more safeguards to prevent corruption in budget
GOVERNMENT WATCH Convenor-Director Joy G. Aceron said the budget should be accompanied by stronger corruption-prevention measures. “The DBM must push the agencies more to identify and address corruption- and inefficiency-prone programs and projects,” she said. Ms. Aceron said the Department of Budget and Management (DBM) should examine Commission on Audit (CoA) reports and address their […]
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Philguarantee-covered agri loans up 43% in first half
AGRICULTURAL LOANS covered by the Philippine Guarantee Corp. (Philguarantee) rose 42.96% in the first six months, driven by increased lending activity by partner lending institutions (PLIs) supporting small farmers and fisherfolk (SFFs). In its Agricultural Guarantee Fund Pool status report, the state-run corporation said year to date total guaranteed loans hit P3.34 billion at the […]
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What finance leaders need to know about upcoming PFRS changes
For many finance teams, reporting obligations seemingly continue to expand. However, as businesses grow more complex, financial reporting does not always need to become heavier. The latest Philippine Financial Reporting Standards (PFRS) developments point toward a more proportionate approach — one that balances transparency, relevance, and practicality. Finance leaders should note three key developments: (1) […]
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Fuel discount subsidy for transport sector raised to P12 per liter
Starting August 15, the fuel subsidy for PUV drivers will increase to P12 per liter.
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GreatDay HR expands southeast asia footprint as SMEs accelerate HR digital transformation
As businesses across Southeast Asia accelerate digital transformation, GreatDay HR is expanding its regional footprint to help small and medium enterprises modernize how they manage their people.
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21 senators set politics aside to back P85 wage hike in NCR
Twenty-one senators set aside their political differences and joined the call to lift the suspension on the implementation of the P85 daily minimum wage hike in Metro Manila.
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Duane 'Keffe D' Davis, charged with organizing the 1996 killing of Tupac Shakur, is on trial
LAS VEGAS — The man who prosecutors say orchestrated the 1996 killing of rap icon Tupac Shakur is scheduled to go to trial Monday, almost 30 years after the fatal drive-by shooting in Las Vegas. Duane “Keffe D” Davis, 63, faces a single count of murder with a deadly weapon with the intent to promote, further or assist a criminal gang in Shakur's death. He's been jailed since late 2023 and has pleaded not guilty. For decades, Shakur's unsolved killing has gripped hip-hop fans. H
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Form 8.5 (EPT/RI) - CAB Payments Holdings Plc
FORM 8.5 (EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY Rule 8.5 of the Takeover Code (the "Code”) 1. KEY INFORMATION (a) Name of exempt principal trader:Shore Capital Stockbrokers Ltd(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree CAB Payments Holdings Plc(c) Name of the party to the offer with which exempt principal trad
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Form 8.5 (EPT/RI) - Alternative Income REIT plc
FORM 8.5 (EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY Rule 8.5 of the Takeover Code (the "Code”) 1. KEY INFORMATION (a) Name of exempt principal trader:Shore Capital Stockbrokers Ltd(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree Alternative Income REIT plc(c) Name of the party to the offer with which exempt principal tr
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Sands China Earns Great Place To Work Certification™
First integrated tourism and leisure enterprise in Greater China to receive this recognition MACAO, Aug. 5, 2026 /PRNewswire/ -- In recognition of its people-centric corporate culture and outstanding workplace environment, Sands China Ltd. has been awarded the Great Place To Work Certification™ upon its first participation in the assessment conducted by Great Place To Work™, a global authority on workplace culture. The company has become the first integrated tourism and leisure enterprise in Gre
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Sinopec Commissions 50,000-Ton Specialty PVA Facility, Creating World's Largest Single-Site High-End PVA Production Base
CHONGQING, China, Aug. 5, 2026 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") has commissioned a specialty polyvinyl alcohol (PVA) resin facility with an annual production capacity of 50,000 metric tons at its subsidiary, Chongqing SVW Chemical Co., Ltd. The facility achieved stable operation during its initial startup and produced products that met quality specifications, with the first shipment already sent to Europe. The new facility increases the site's total P
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"it's futuristic to see the level of automation", Ian Thorpe in an Exclusive Interview at Fox ESS's Factory
WENZHOU, China, Aug. 5, 2026 /PRNewswire/ -- Recently, Ian Thorpe, an Australian multiple Olympic champion and Fox ESS's brand ambassador, visited Fox ESS's new smart factory in Wenzhou. Opened in June, the facility integrates cutting-edge technologies and has increased production efficiency by 66.7%. The factory covers 46,000 square metres and forms part of Fox ESS's plan to scale up manufacturing, reinforcing its long-term commitment to low-carbon energy solutions and global growth. "It's been
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PCCI-NCR to convene nation's top businesses, government leaders at Metro Manila Business Conference 2026
Premier conference to drive solutions on energy, trade, security, AI, and regional competitiveness toward a stronger and more resilient ASEAN.
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WATCH: Remulla denies Dela Rosa arrest
Interior Secretary Jonvic Remulla on Aug. 5, 2026 denies the arrest of Sen. Bato dela Rosa, dismissing it as 'fake news.' VIDEO BY IZEL ABANILLA
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Trident Resources Provides La Ronge Gold Belt Exploration Update and Appoints Indigenous Engagement Consultant
Vancouver, BC, Aug. 05, 2026 (GLOBE NEWSWIRE) -- Trident Resources Corp. (TSXV: ROCK) (OTCQB: TRDTF) (Frankfurt: 6BP0) ("Trident” or the "Company”) is pleased to provide an update on the current drilling and field reconnaissance programs at their La Ronge Gold Belt Properties (LRGB) in Northern Saskatchewan, and to announce the appointment of T Global Consulting Services to support the Company’s Indigenous and community engagement initiatives. Trident’s Regional Project Location Map: https://www
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Zeotap launches end-to-end Composable CDP Native App on Snowflake Marketplace
Zeotap now runs the entire CDP - identity, segmentation, orchestration and activation- natively in a customer's own Snowflake account, with zero copy and zero data movement LONDON, Aug. 05, 2026 (GLOBE NEWSWIRE) -- Zeotap, the enterprise Customer Data Platform (CDP) built in Europe with privacy at its core, today announced the availability of Zeotap as a Snowflake Native App on Snowflake Marketplace. Zeotap’s complete CDP runs end-to-end inside an enterprise's own Snowflake account, meaning iden
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UOB advances wealth ambitions with strategic distribution partnership with Allianz Global Investors
Strategic partnership expands investment access and enhances UOB's advisory-led wealth proposition for customers across ASEAN SINGAPORE, Aug. 5, 2026 /PRNewswire/ -- UOB Group has entered into an agreement for Allianz Global Investors (AGI) to acquire UOB Asset Management (UOBAM). The acquisition by AGI covers the UOBAM franchise across eight Asian markets - Singapore, Brunei, Indonesia, Japan, Malaysia, Taiwan region, Thailand and Vietnam. As part of the agreement, UOB and AGI will establish a
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NueCell Bio Announces its Launch as a New Translational Partner for Cell Therapies with Unique Expertise to Accelerate Treatments from Discovery into GMP Manufacturing
SAN DIEGO, Aug. 5, 2026 /PRNewswire/ -- NueCell Bio, a newly established cell therapy science and development services company that utilizes proprietary modular translational development solutions focused on advancing modern cell therapies from scientific discovery through clinical readiness, today announced its launch as a specialist partner uniquely positioned to advance and accelerate cell-based treatments to patients. NueCell Bio is led by a team possessing unprecedented experience in the ad
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COA auditor bares irregularities in use of Duterte’s confidential funds
MANILA, Philippines — A Commission on Audit (COA) official cited alleged irregularities in the use of confidential funds by Vice President Sara Duterte on the second day of his testimony before the Senate impeachment court hearing evidence on the alleged fund misuse, one of four Articles of Impeachment filed against her. Prosecution witness Roderick Wamil, an auditor assigned to the Commission on Audit’s Intelligence and Confidential Fund Audit Office, said the Office of the Vice Pre
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WATCH: New Health chief convenes 'Council of Experts' for Universal Health Care implementation
Health Secretary Jose Pujalte Jr. convenes the Department of Health's 'Council of Experts' composed of former Health secretaries to advise him on how Universal Health Care should be implemented under his administration. The experts are composed of Jaime Galvez-Tan, Carmencita Reodica, Manuel Dayrit, Esperanza Cabral, and Janet Garin. VIDEO BY RED MENDOZA
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