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Market Brief

The latest gold and financial-market news, in one place.

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Showing 1-35 / 35 matching articles

01
🇵🇭 Filipino
finance/PH | global

Stocks inch up on last-minute bargain hunting

PHILIPPINE SHARES eked out marginal gains on Tuesday as late-session bargain hunting offset investor concerns over renewed geopolitical tensions in the Middle East. The Philippine Stock Exchange index (PSEi) inched up by 0.05% or 2.90 points to close at 6,264.70 while the broader all shares index rose by 0.23% or 7.95 points to end at […]

BusinessWorld Philippines | discovered by BusinessWorld Philippines | Aug 18, 2026, 4:00 PM

Impact

53

02
🇵🇭 Filipino
finance/PH | global

PSEi inches higher on bargain hunting

MANILA, Philippines — Local stocks edged higher on Tuesday as late bargain hunting offset most of the session’s losses amid renewed Middle East uncertainty. The benchmark Philippine Stock Exchange Index (PSEi) inched up 0.05 percent, or 2.90 points, to close at 6,264.70. READ: Trump threatens to bomb Oman if it gets in way of Iran deal – report Philstocks Financial Inc. research manager Japhet Tantiangco said market traded lower for most of the session as investors weighed geopolitical risks after the US-Iran ceasefire ended without an extension. Bargain hunters stepped in during the final minutes of trading, allowing the PSEi to reverse […]... Keep on reading: PSEi inches higher on bargain hunting

Inquirer.net | discovered by Inquirer.net | Aug 18, 2026, 11:55 AM

Impact

52

03
🇵🇭 Filipino
finance/PH | global

LANDBANK’s P155-B financing package to help onboard PSALM to Link.BizPortal

LAND BANK of the Philippines (LANDBANK) said it approved a P155.0-billion Bilateral Term Loan Facility to onboard the Power Sector Assets and Liabilities Management Corp. (PSALM) to its Link.BizPortal digital payment platform. “At LANDBANK, we believe modernization must deliver real results for the public. Through this agreement, we are strengthening the financial and digital foundations […]

BusinessWorld Philippines | discovered by BusinessWorld Philippines | Aug 18, 2026, 3:27 PM

Impact

43

04
🇵🇭 Filipino
finance/PH | global

PH sardines maker forays into US market

MANILA, Philippines — One of the Philippines’ largest sardine brands is expanding in the US through a partnership with the second-largest American grocery chain, which will carry its products across 2,750 stores. Mega Sardines, owned by Mega Prime Foods Inc. (MPFI) of the Tiu Lim family, said Tuesday its canned products will roll out across Kroger stores, with nationwide availability targeted by mid-September. READ: From poor man’s supper to global superfood Mega CEO Michelle Chan said the US expansion has been in the works for nine months, and the company will support it with investments and participation in key food shows. “The […]... Keep on reading: PH sardines maker forays into US market

Inquirer.net | discovered by Inquirer.net | Aug 18, 2026, 12:39 PM

Impact

41

05
🇵🇭 Filipino
finance/PH | global

Adiong: Senators can judge evidence, witness better if they’re present

MANILA, Philippines — Lanao del Sur Rep. Zia Alonto Adiong believes that senator-judges will have a better appreciation of the witnesses’ testimonies and the pieces of evidence if they are present inside the courtroom while Vice President Sara Duterte’s trial is going on. In a press briefing on Tuesday, Alonto Adiong and other individuals affiliated with the prosecution team were asked about rumors that some senator-judges were merely monitoring the trial from areas outside of the Senate plenary hall, and the overall lower number of senator-judges attending the trial. READ: Ex-bank executive: OVP’s P125-M single transaction ‘unusual’ During the trial on Monday, […]... Keep on reading: Adiong: Senators can judge evidence, witness better if they’re present

Inquirer.net | discovered by Inquirer.net | Aug 18, 2026, 12:21 PM

Impact

41

06
🇵🇭 Filipino
finance/PH | global

Xsolla seeks to help Philippine indie studios go global

Global video game commerce company Xsolla is seeking to help Philippine indie game developers move beyond the domestic market and build globally competitive studios as interest in game development continues to grow in the country. Xsolla head of partnerships in the Asia Pacific Eric M. Lee said the Philippines already has the creativity, technical skills […]

BusinessWorld Philippines | discovered by BusinessWorld Philippines | Aug 18, 2026, 9:13 AM

Impact

41

07
🇵🇭 Filipino
finance/PH | global

Philippine student live-streamed fatal school shooting before taking own life, official says

MANILA: A student live-streamed himself shooting and killing another student in a classroom in the southern Philippines on Tuesday before taking his own life, an official said, in the second school attack in the country in less than two months. Philippine President Ferdinand Marcos Jr ordered law enforcement agencies to investigate and to determine measures to be taken to prevent violence in schools. “Our schools are where we entrust our children to learn, to grow and to dream about the lives ahead of them. They must also be among the safest places in our country,” Marcos said in a statement. The shooting took place at a school attached to the privately-run Ateneo de Zamboanga University in the city of Zamboanga, where the gunman brought a pistol and a rifle onto the school campus and fired at students inside the classroom, according to a preliminary police report. Accused Thai school shooter had watched violent content online, police say Zamboanga Mayor Khymer Adan Olaso told DZBB radio that authorities confirmed the gunman live-streamed the attack through a body-worn camera. Reuters verified a live-stream video of the shooter in the school. The video shows him entering one classr

Business Recorder | discovered by Business Recorder | Aug 18, 2026, 2:54 PM

Impact

33

08
🇵🇭 Filipino
finance/PH | global

Marcos eyes flood control upgrades as monsoon rains expose drainage gaps

THE government of President Ferdinand R. Marcos, Jr. is accelerating flood control and drainage projects in Metro Manila and nearby provinces after heavy rains from the southwest monsoon exposed persistent weaknesses in the capital’s flood management system, with officials warning that major solutions could take years to complete.

BusinessWorld Philippines | discovered by BusinessWorld Philippines | Aug 18, 2026, 4:28 PM

Impact

32

09
🇵🇭 Filipino
finance/PH | global

Death toll from storms, monsoon rises to 26; 5.1M Filipinos affected

AT LEAST 26 people have died due to Tropical Cyclones Luis and Maymay and the southwest monsoon, while more than 5.1 million people from 1.5 million families have been affected, according to the National Disaster Risk Reduction and Management Council (NDRRMC).

BusinessWorld Philippines | discovered by BusinessWorld Philippines | Aug 18, 2026, 4:27 PM

Impact

32

10
🇵🇭 Filipino
finance/PH | global

Senate may hold budget hearings on Saturdays

SENATE Finance Committee Chairman Joseph Victor “JV” G. Ejercito said they might hold hearings on Saturdays to ensure the timely passage of the 2027 national budget amid scheduling pressures from the impeachment trial of Vice-President Sara Duterte-Carpio and regular legislative sessions.

BusinessWorld Philippines | discovered by BusinessWorld Philippines | Aug 18, 2026, 4:26 PM

Impact

32

11
🇵🇭 Filipino
finance/PH | global

Lacson flags P3.1-B evacuation center budget

SENATOR Panfilo “Ping” M. Lacson questioned a proposed P3.06-billion allocation for evacuation centers under the 2027 budget, citing the uniform distribution of funds across all regions despite the absence of details on project locations. Mr. Lacson said each of the country’s 17 regions had been allotted P180 million for evacuation center projects regardless of differing […]

BusinessWorld Philippines | discovered by BusinessWorld Philippines | Aug 18, 2026, 4:25 PM

Impact

32

12
🇵🇭 Filipino
finance/PH | global

2 dead in Zamboanga school shooting

TWO students were killed in a gun-related incident at a private university’s junior high school campus in Zamboanga City on Tuesday morning, prompting President Ferdinand R. Marcos, Jr. to order thorough investigation and tighter safeguards in schools. The Philippine National Police (PNP) said initial police information identified a Grade 9 student as the alleged shooter […]

BusinessWorld Philippines | discovered by BusinessWorld Philippines | Aug 18, 2026, 4:25 PM

Impact

32

13
🇵🇭 Filipino
finance/PH | global

Marcos disapproval climbs in June

PRESIDENT Ferdinand R. Marcos, Jr.’s disapproval rating climbed to 55% in June, matching the approval rating of Vice-President Sara Duterte-Carpio, according to a nationwide survey by polling firm WR Numero. The survey found 55% of respondents rated Mr. Marcos’ performance negatively, comprising 22% who called it “very bad” and 33% “bad,” the pollster said in […]

BusinessWorld Philippines | discovered by BusinessWorld Philippines | Aug 18, 2026, 4:25 PM

Impact

32

14
🇵🇭 Filipino
finance/PH | global

Ombudsman seeks budget visibility

THE Office of the Ombudsman is seeking greater visibility in the budget process as it probes alleged irregularities in flood control and other infrastructure projects. Ombudsman Jesus Crispin “Boying” C. Remulla wants the agency to monitor the budget process from the preparation of the National Expenditure Program (NEP) up to the enactment of the national […]

BusinessWorld Philippines | discovered by BusinessWorld Philippines | Aug 18, 2026, 4:25 PM

Impact

32

15
🇵🇭 Filipino
finance/PH | global

Senator-judges urged to fulfill duty

THE House of Representatives prosecution panel on Tuesday said that the continued absence of some senator-judges could be a factor in the impeachment court’s consideration of the voting threshold, while stressing the importance of their physical presence during the proceedings. Manila Rep. and House prosecutor Joel R. Chua said the prosecution respects the absences of […]

BusinessWorld Philippines | discovered by BusinessWorld Philippines | Aug 18, 2026, 4:25 PM

Impact

32

16
🇵🇭 Filipino
finance/PH | global

Philippines’ Marcos slammed over US$3b family estate tax, says ‘very busy’ with government

Philippine President Ferdinand Marcos Jnr has put his anti-corruption drive at the centre of his presidency, but questions over his late father’s estate taxes and the family’s past ill-gotten wealth have prompted critics to question his commitment. Last month, Marcos pledged in his address to Congress to continue fighting alleged irregularities in flood-control projects, stressing that the campaign would be a test of whether his administration could hold even powerful allies to account. The...

South China Morning Post Business | discovered by South China Morning Post Business | Aug 18, 2026, 2:09 PM

Impact

32

17
🇵🇭 Filipino
finance/PH | global

Meralco nears full power restoration after habagat outages

POWER DISTRIBUTOR Manila Electric Co. (Meralco) said it is close to restoring the electricity service of nearly all customers that were affected by service interruptions as the enhanced southwest monsoon (habagat) brought heavy rains and flooding in its franchise area. In a statement on Tuesday, Meralco said customers affected by power outages are down to […]

BusinessWorld Philippines | discovered by BusinessWorld Philippines | Aug 18, 2026, 4:25 PM

Impact

32

18
🇵🇭 Filipino
finance/PH | global

Implement NCR wage hike, labor coalition says

LABOR coalition NAGKAISA on Tuesday called for the immediate implementation of the first tranche of P85 daily minimum wage increase in the National Capital Region (NCR), arguing that the Pasig Regional Trial Court (RTC) should not have issued an injunction against the wage order in the first place. In a statement, the coalition cited the […]

BusinessWorld Philippines | discovered by BusinessWorld Philippines | Aug 18, 2026, 4:24 PM

Impact

32

19
🇵🇭 Filipino
finance/PH | global

Plunder raps eyed vs fugitive Co’s ex-escorts

FOUR EX-BODYGUARDS of fugitive former lawmaker Elizaldy “Zaldy” S. Co may be included as respondents in his plunder case involving alleged cash deliveries linked to the flood control controversy, the Office of the Ombudsman said. Assistant Ombudsman Jose Dominic “Mico” F. Clavano IV said the four escorts, who reportedly recanted statements implicating Leyte Rep. and […]

BusinessWorld Philippines | discovered by BusinessWorld Philippines | Aug 18, 2026, 4:24 PM

Impact

32

20
🇵🇭 Filipino
finance/PH | global

Ombudsman suspends LTFRB, OTC chiefs over P13.38-B computer fees

THE Office of the Ombudsman has ordered the preventive suspension of two transportation officials over the continued use of the old Land Transportation Office (LTO) information technology (IT) system, which led to an additional P13.379 billion in computer fees. In an order dated Aug. 17, Ombudsman Jesus Crispin “Boying” C. Remulla placed Land Transportation Franchising […]

BusinessWorld Philippines | discovered by BusinessWorld Philippines | Aug 18, 2026, 4:22 PM

Impact

32

21
🇵🇭 Filipino
finance/PH | global

Romblon fisherfolk to gain profit boost with solar-powered ice plant

More than 2,000 registered fisherfolk in the municipality of San Agustin, Romblon, are poised to gain more profit with the installation of solar panels by September to upgrade the plant facility, with funding from the Department of Science and Technology (DoST). Initially built in Brgy. Carmen, San Agustin in Oct. 2023, the one-ton-capacity ice plant […]

BusinessWorld Philippines | discovered by BusinessWorld Philippines | Aug 18, 2026, 3:48 PM

Impact

32

22
🇵🇭 Filipino
finance/PH | global

Customs personnel handling seized goods to be issued body cameras

THE Bureau of Customs (BoC) plans to procure body cameras to better secure seized goods, following reports of attempted theft involving confiscated illicit cigarettes. In a statement on Tuesday, the BoC said it is implementing measures to improve the monitoring, protection and timely disposition of seized, forfeited and abandoned goods. “Among the measures is the […]

BusinessWorld Philippines | discovered by BusinessWorld Philippines | Aug 18, 2026, 3:28 PM

Impact

32

23
🇵🇭 Filipino
finance/PH | global

P210.93-million farm aid allocated to areas hit by storms, monsoon rains

THE Department of Agriculture (DA) said it will provide P210.93 million worth of farm inputs to assist farmers affected by Tropical Cyclones Luis and Maymay, as well as the enhanced southwest monsoon (habagat). In a bulletin released on Monday, the DA’s Disaster Risk Reduction and Management Operations Center said that among the farm inputs set […]

BusinessWorld Philippines | discovered by BusinessWorld Philippines | Aug 18, 2026, 3:27 PM

Impact

32

24
🇵🇭 Filipino
finance/PH | global

Metro Manila Council backs unified garbage ticketing system

The Metro Manila Council (MMC) is set to adopt a single ticketing system for improper waste disposal as local governments seek more uniform enforcement of solid waste regulations and stronger flood mitigation measures. The proposal, raised by Las Piñas City Congressman Mark Anthony Santos during the MMC meeting on Tuesday, would establish a more coordinated […]

BusinessWorld Philippines | discovered by BusinessWorld Philippines | Aug 18, 2026, 2:00 PM

Impact

32

25
🇵🇭 Filipino
finance/PH | global

Kai Sotto reports for Gilas duties for fourth window of Qualifiers

THERE IS an extra dose of enthusiasm at the Gilas Pilipinas camp as it kicked off its buildup for the fourth window of the FIBA World Cup Qualifiers. And coach Tim Cone and the Nationals have a big reason to feel so — all 7-foot-3 of him. Kai Sotto, a key cog whose absence in […]

BusinessWorld Philippines | discovered by BusinessWorld Philippines | Aug 18, 2026, 1:01 PM

Impact

31

26
🇵🇭 Filipino
finance/PH | global

Alex Eala crashes out of Cincinnati Open in tough marathon defeat

ALEXANDRA “ALEX” EALA absorbed her earliest exit in two months, crashing out in the WTA 1000 Cincinnati Open Round of 32 with a 6-4, 4-6, 2-6 loss to world No. 10 Amanda Anisimova on Tuesday despite a solid crowd in her favor anew at the Stadium Court of the Lindner Family Tennis Center in Mason, […]

BusinessWorld Philippines | discovered by BusinessWorld Philippines | Aug 18, 2026, 1:00 PM

Impact

31

27
🇵🇭 Filipino
finance/PH | global

Celtics relationship

There are certain championships that become so closely identified with the players who won them that the people who made them possible gradually disappear from the picture. The 2008 Celtics championship is often remembered through the imposing presence of Kevin Garnett, the scoring of Paul Pierce, and the shooting of Ray Allen. That said, standing […]

BusinessWorld Philippines | discovered by BusinessWorld Philippines | Aug 18, 2026, 12:59 PM

Impact

31

28
🇵🇭 Filipino
finance/PH | global

DOH warns against doxycycline self-medication for leptospirosis

The Department of Health (DoH) on Tuesday urged the public not to take doxycycline for leptospirosis without a doctor’s prescription, stressing that those who have waded in floodwaters should first seek medical advice at a health center. “Reminder: Get a consultation first in a health center as a doctor’s prescription is required to get medication […]

BusinessWorld Philippines | discovered by BusinessWorld Philippines | Aug 18, 2026, 11:52 AM

Impact

31

29
🇵🇭 Filipino
finance/PH | global

Two LPAs, tropical depression monitored as southwest monsoon persists

Two low-pressure areas (LPAs) and a tropical depression are being monitored as the southwest monsoon continues to threaten Luzon and Visayas, according to the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) on Tuesday. Both of the LPAs have a high chance of developing into a tropical depression within the next 24 hours, PAGASA said […]

BusinessWorld Philippines | discovered by BusinessWorld Philippines | Aug 18, 2026, 10:18 AM

Impact

31

30
🇵🇭 Filipino
finance/PH | global

Habagat forecast holds as heavy rains flood Metro Manila

The Southwest Monsoon, or Habagat, continues to bring heavy rains over Metro Manila and parts of Luzon, with flooding reported across several areas of the capital as rainfall intensified on Monday. The situation also highlights the importance of understanding PAGASA’s color-coded rainfall warnings, which are meant to guide communities on when to stay informed, prepare […]

BusinessWorld Philippines | discovered by BusinessWorld Philippines | Aug 18, 2026, 9:01 AM

Impact

30

31
🇵🇭 Filipino
finance/PH | global

Filipino student kills schoolmate, then himself, in live-streamed shooting

A high school student carrying two pistols shot dead a fellow student before killing himself on Tuesday in an attack in a southern Philippine campus that he live-streamed using a body-worn camera, police and other officials said. It was the second fatal school shooting in the country in just two months. Hundreds of students were evacuated after shots rang out in the high school building of the Ateneo de Zamboanga University campus in the southern port city of Zamboanga. Two other people were...

South China Morning Post Business | discovered by South China Morning Post Business | Aug 18, 2026, 5:25 AM

Impact

30

32
🇵🇭 Filipino
finance/PH | global

Two individuals dead in Zamboanga school shooting

The Ateneo de Zamboanga University (AdZU) confirmed that two individuals were dead following the school shooting on its campus on Tuesday morning. “We are in the process of working with the police for us to be able to identify them so that we can communicate first to their loved ones,” AdZU President Guillrey Anthony “Ernald” […]

BusinessWorld Philippines | discovered by BusinessWorld Philippines | Aug 18, 2026, 7:44 AM

Impact

30

33
🇵🇭 Filipino
finance/PH | global

Solora Philippines: Building premium glamping destinations under ZK Summit Holdings, Inc.

Solora Philippines is helping reshape the country’s outdoor hospitality industry by enabling landowners, resort developers, and tourism entrepreneurs to create premium glamping destinations without immediately constructing a full-scale hotel. The brand operates under ZK Summit Holdings, Inc., a Philippine group of companies founded by Dr. Mary Cruz and Mr. Khelvin P. Cruz, CPA. Solora is also a sister […]

BusinessWorld Philippines | discovered by BusinessWorld Philippines | Aug 18, 2026, 7:00 AM

Impact

30

34
🇵🇭 Filipino
finance/PH | global

Over 400,000 land titles distributed: DAR Chief vows to complete the work by 2027

The Department of Agrarian Reform (DAR) has distributed more than 400,000 land titles covering over 500,000 hectares to agrarian reform beneficiaries over the past four years, DAR Secretary Conrado M. Estrella III confirmed following President Ferdinand R. Marcos, Jr.’s State of the Nation Address. The President has directed the DAR to complete the distribution of […]

BusinessWorld Philippines | discovered by BusinessWorld Philippines | Aug 18, 2026, 6:00 AM

Impact

30

35
🇵🇭 Filipino
finance/PH | global

PAGASA monitoring two LPAs; monsoon rains to still drench Luzon, Visayas

Two low-pressure areas (LPAs) are being monitored, and both have a likelihood of developing into tropical cyclones, as the southwest monsoon continues to batter Luzon and Visayas, according to the state weather bureau on Tuesday. The LPA inside the Philippine Area of Responsibility (PAR) was spotted 1,115 kilometers East of Northern Luzon, the Philippine Atmospheric, […]

BusinessWorld Philippines | discovered by BusinessWorld Philippines | Aug 18, 2026, 4:25 AM

Impact

29