Philippines Business News

Iceland says to rule on anti-whaling activists' expulsion this week

REYKJAVIK, Iceland — Icelandic authorities will likely decide this week whether to expel 21 anti-whaling activists held in Reykjavik since last week after their ship was seized while pursuing a whaling ship, immigration officials told AFP on Tuesday. The Bandero, a vessel belonging to a foundation led by animal rights activist Paul Watson, was boarded by Icelandic authorities overnight from Thursday to Friday off Iceland after it obstructed the operations of one of Iceland's last remaining

Today's Weather, 5 A.M. | Aug. 5, 2026

U.S. aims to announce Hormuz deal by Wednesday, Iran warns of delay- reports

Sight Sciences Receives FDA 510(k) Clearance of the OMNI Ultra Surgical System

New system expands the Company’s leadership in interventional glaucoma with the first FDA cleared MIGS device for single pass canaloplasty with TruSync™ Plus innovation. MENLO PARK, Calif., Aug. 04, 2026 (GLOBE NEWSWIRE) -- Sight Sciences, Inc. (Nasdaq: SGHT), an eyecare technology company focused on developing and commercializing innovative interventional technologies intended to transform eye care and improve patients' lives, today announced U.S. Food and Drug Administration (FDA) 510(k) clear

Charlie's Holdings (OTCQB: CHUC) Names Henry Sicignano CEO; Announces Ryan Stump will Transition from COO to Board Member with Core Responsibility for Strategic Partnerships

COSTA MESA, CA, Aug. 04, 2026 (GLOBE NEWSWIRE) -- Charlie’s Holdings, Inc. (OTCQB: CHUC) ("Charlie’s” or the "Company”), an industry leader in the premium vapor products space, announced today that Charlie’s Board of Directors has named, effective immediately, Henry Sicignano, III, Chief Executive Officer. Mr. Sicignano will also continue to serve as the Company’s President. Separately, effective September 4, 2026, Ryan Stump, Charlie’s co-founder and current Chief Operating Officer, will spearh

UPDATE -- Rangeview Secures Defense Contract to Supply U.S. Navy Maintenance, Repair, and Overhaul (MRO) Replacement Parts

Software-defined foundry seeks to address critical domestic casting capacity challenges through digital manufacturing. USS Illinois (SSN 786) at Pearl Harbor Naval Shipyard USS Illinois (SSN 786) prepares to undock at Pearl Harbor Naval Shipyard and Intermediate Maintenance Facility on June 24, 2026. U.S. Navy photo by Mike Wilson. Public domain. The appearance of U.S. Department of Defense visual information does not imply or constitute DoD endorsement. EL SEGUNDO, Calif., Aug. 04, 2026 (GLOBE

Greenlight Re Announces Financial Results for Second Quarter and Six Months Ended June 30, 2026

Repurchases $14.2 million of ordinary shares GRAND CAYMAN, Cayman Islands, Aug. 04, 2026 (GLOBE NEWSWIRE) -- Greenlight Capital Re, Ltd. (NASDAQ: GLRE) ("Greenlight Re” or the "Company”) today reported its financial results for the second quarter and six months ended June 30, 2026. Second quarter 2026 Highlights (all comparisons are to second quarter2025 unless noted otherwise): Gross premiums written increased 2% to $183.1 million;Net premiums earned increased $0.2 million to $161.8 million;Net

RBI holds rates steady as expected, awaits clarity on inflation path

Verizon Helps Families Stay Connected During Washington Wildfires

Free calling/texting/data for customers until August 31 What you need to know: Verizon’s network remains strongIn response to the wildfires in Washington, Verizon is waiving calling, texting and data charges to help our customers connect with loved onesThis applies to all consumer and small business customers, including prepaid brandsVerizon Community Disaster Resilience Connectivity Van is deployed SPOKANE, Wash., Aug. 04, 2026 (GLOBE NEWSWIRE) -- As crews continue to fight ongoing wildfires ac

Avista Corp. Board Declares Common Stock Dividend

SPOKANE, Wash., Aug. 04, 2026 (GLOBE NEWSWIRE) -- Avista Corp.’s (NYSE: AVA) board of directors has declared a quarterly dividend of $0.4925 per share on the company’s common stock, yielding an annualized dividend of $1.97. The common stock dividend is payable September 14, 2026, to shareholders of record at the close of business on August 18, 2026. The declaration of dividends is at the sole discretion of the board of directors. The board considers the level of dividends on a regular basis, tak

So-Young Announces Appointment of Chief Financial Officer

BEIJING, Aug. 5, 2026 /PRNewswire/ -- So-Young International Inc. (Nasdaq: SY) ("So-Young" or the "Company"), the leading aesthetic treatment platform in China connecting consumers with online services and offline treatments, today announced that the board of directors of the Company (the "Board") has appointed Ms. Nan Shen as the Company's Chief Financial Officer, effective August 3, 2026. In her new role, Ms. Shen will oversee the Company's finance, human resources, legal and compliance functi

Farmmi, Inc. Proposes to Acquire Brazilian Agricultural Supply Chain Company

LISHUI, China, Aug. 5, 2026 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (Nasdaq: FAMI) today announced that the Company has signed an acquisition framework agreement with the shareholders of FOUR SEASONS HOLDING GROUP BRAZIL LTDA. (the "Target Company") for the purpose of acquiring 100% of the equity interests in the Target Company. The proposed transaction is intended to further expand the Company's business presence in the agricultural supply chain sector in Brazil and globally. T

Hot money inflows hit $170M in June

NET FOREIGN portfolio investment inflows into the Philippines extended to a second straight month in June as investor activity improved despite lingering financial market volatility, according to Bangko Sentral ng Pilipinas (BSP) data.

BofA sees BSP ending its tightening cycle in August

THE BANGKO SENTRAL ng Pilipinas (BSP) will likely end its tightening cycle after delivering a third straight rate hike later this month, the Bank of America (BofA) Global Research said. In a report on Tuesday, BofA economists said the BSP may raise its policy rate by 25 basis points (bps) at its Aug. 27 meeting […]

Philippine exports seen resilient despite 12.5% US tariff

THE PHILIPPINES’ merchandise exports are expected to weather the United States’ 12.5% tariff as exemptions for key products, particularly electronics and agricultural goods, help cushion the impact, analysts said.

World Bank says Philippines needs to widen tax base

THE PHILIPPINE government can generate more tax revenues by broadening its tax base, the World Bank said, as the government pushes to expand excise tax coverage. “What you’d want to see is government reform to broaden the tax base. And we are seeing that in some of the proposals being discussed to broaden excise (taxes), […]

Maynilad Q2 profit rises 17% on lower financing costs, taxes

WEST ZONE concessionaire Maynilad Water Services, Inc. posted a 17.4% increase in second-quarter net income to P4.52 billion, aided by lower interest expenses and taxes.

DigiPlus Q2 profit more than doubles, eyes New Zealand gaming license

DigiPlus Interactive Corp. more than doubled its second-quarter (Q2) net income to P6.98 billion after booking fair value gains from its investment in International Entertainment Corp. (IEC) convertible notes. Separately, DigiPlus’ board approved the filing of an expression of interest to apply for a gaming license in New Zealand and the appointment of signatories for […]

Petron first-half profit falls 27% as Middle East conflict squeezes margins

PETRON CORP. posted a 27% decline in first-half net income to P3.8 billion as higher crude oil prices driven by the conflict in the Middle East raised production and import costs, squeezing margins despite a sharp increase in revenues. In a statement on Tuesday, the oil refiner and fuel retailer said revenues rose 57% to […]

Exploring one’s potential

THE FIRST solo exhibit of self-taught artist Spencer Ozo was in the halls of Conrad Manila where he works as front office manager — an opportunity for him to showcase the painting skills he had been secretly nurturing in his free time. Four years have passed since that first exhibit, and he has more to show now.

RCR secures PCC clearance for P10.6-B asset infusion

RL COMMERCIAL REIT, Inc. (RCR) has secured the Philippine Competition Commission’s (PCC) acknowledgment that its proposed P10.62-billion property-for-share swap with sponsor Robinsons Land Corp. (RLC) qualifies as an internal restructuring, clearing another regulatory step toward completing the transaction. In a regulatory filing on Tuesday, the Gokongwei-led real estate investment trust (REIT) said the PCC issued […]

Artist Atelier Philippines: A creative learning center

BEGINNERS, hobbyists, and aspiring artists tend to have a difficult time following through on their interest in art. One of the main reasons is not knowing how to improve or to gain confidence to keep trying. So businesswoman and painter Elena Coyiuto has established Artist Atelier Philippines — a creative learning center for visual and […]

7 PHL firms make Forbes Asia’s Best Under A Billion list

SEVEN Philippine companies made Forbes Asia’s 2026 Best Under A Billion list, which recognizes 200 high-performing small and midsized publicly listed firms across the Asia-Pacific region. The Philippine companies are A. Soriano Corp., Apex Mining Co., Inc., Asia United Bank, Far Eastern University, Pryce Corp., STI Education Systems Holdings, Inc., and Vivant Corp. The list […]

BTr fully awards bonds as rates go down on easing ME tensions

THE GOVERNMENT made a full award of the reissued Treasury bonds (T-bonds) it offered on Tuesday following strong demand as sentiment was supported by easing Middle East (ME) tensions that led to lower global crude oil prices. The Bureau of the Treasury (BTr) borrowed P30 billion as planned from the reissued 20-year bonds as tenders […]