Category: Business

Business

Imran Khan’s Hospital Transfer Sparks Contempt Case in Pakistan—But the Government Says Security Comes First

Pakistan’s political crisis surrounding jailed former Prime Minister Imran Khan has taken another dramatic turn after his party filed a contempt petition against the government, accusing authorities of failing to comply with a Supreme Court order concerning his medical treatment. Pakistan Tehreek-e-Insaf (PTI) filed the petition on Saturday, August 22, after Khan was taken to a government hospital for a brief medical examination and then returned to prison—rather than being transferred to Shifa

August 22, 2026

Business

IndiGo Sets Its Sights on Manila and Cebu—But What Happens Next Could Change Philippines–India Travel

The Philippines–India air corridor could be headed for a major shake-up as Indian low-cost carrier IndiGo moves to enter the Philippine market, potentially giving travelers more direct options between the two countries. According to a notice dated August 14 from the Philippine Civil Aeronautics Board (CAB), InterGlobe Aviation Ltd., the parent company of IndiGo, has applied for a foreign air carrier’s permit to operate in the Philippines. The application covers potential services to Manila and

August 22, 2026

Business

Bitcoin Surges Past $77,000 as U.S. Treasury Makes a Surprise Move—But Markets Are Watching What Happens Next

NEW YORK — Bitcoin staged a powerful rebound Friday, climbing more than 6% and pushing above $77,000 as investors responded to a surprise move by the U.S. Treasury to increase its purchases of longer-dated government bonds. The cryptocurrency rose to around $77,188, according to AFP reporting carried by Philstar, putting Bitcoin more than 20% higher for the week and at its strongest level since May. The rally came alongside a broader recovery in global equities after a turbulent week dominated

August 22, 2026

Business

SARA DUTERTE IMPEACHMENT TRIAL SET FOR A MAJOR SHIFT—BUT COULD THIS FINALLY SPEED UP THE SENATE’S VERDICT?

MANILA, Philippines — The impeachment trial of Vice President Sara Duterte is heading for a major scheduling change as the Senate moves to free up more time for the proceedings, with Duterte’s defense team saying it is ready to comply with whatever timetable the impeachment court ultimately adopts. Atty. Michael Poa, lead spokesperson and defense counsel for Duterte, said Saturday that the defense would follow the Senate impeachment court’s directives. “The Defense will comply with whatever sc

August 22, 2026

Business

Makro Is Coming Back in a Big Way—These 4 Ayala Estates Are About to Get New Stores

Makro Philippines is accelerating its return to the Philippine retail market, securing four strategic Ayala Land locations that could significantly expand its footprint across Metro Manila and Southern Luzon. After nearly two decades away from the Philippine market, Makro is positioning itself for a major comeback—and its latest move puts the wholesale retailer in four key Ayala Land developments. Ayala Land Inc. has signed land lease agreements with Makro Philippines covering Cloverleaf in Qu

August 22, 2026

Business

South Korea Just Sent Its First Container Ship Through the Arctic—But the Shortcut to Europe Comes With a Russia Problem

BUSAN, South Korea — South Korea has launched one of its most ambitious maritime experiments yet, sending a commercial container ship toward Europe through the Arctic in a voyage that could dramatically shorten one of the world's busiest trade corridors. But the ice may not be the biggest obstacle. The PanStar Acro, operated by Busan-based PanStar, was scheduled to leave Busan New Port on Saturday, August 22, for South Korea's first commercial container voyage using Russia's Northern Sea Route

August 22, 2026

Business

Chanda Atienza Reportedly Arrested in Kuala Lumpur—But What Happens Next Could Reopen the Entire Dermacare Investment Scam

KUALA LUMPUR, Malaysia — Businesswoman Chanda Atienza, whose name has been at the center of the long-running Dermacare investment controversy that previously dragged celebrities Neri Naig and Rufa Mae Quinto into court, has reportedly been arrested in Kuala Lumpur, potentially opening a major new chapter in the case. Beauty queen and social media personality Lars Pacheco told PEP.ph that Atienza and her sister, Vilma, were arrested on August 21 at Pavilion Mall in Kuala Lumpur following what Pa

August 22, 2026

Business

301,000+ Visayans Affected by Sugarcane Pest Crisis — But the Bigger Threat May Be What Comes Next

ILOILO CITY, Philippines — More than 301,000 people across Western Visayas and the Negros Island Region have been affected by the worsening red-striped soft scale insect (RSSI) outbreak, as government agencies race to protect sugarcane farmers and communities from deeper agricultural and economic losses. The latest data from the Department of Social Welfare and Development’s Disaster Response Operations Monitoring and Information Center (DSWD-DROMIC) showed that 301,084 individuals from 74,115

August 22, 2026

Business

ILOILO VENDOR ARRESTED AFTER MARKET CLASH: What Really Happened During the Clearing Operation?

ILOILO CITY — A dispute over market regulations has escalated into a legal battle after the Iloilo City Government’s Local Economic Enterprise Office (LEEO) filed a case against an ambulant vendor following an altercation during a market-clearing operation. The LEEO said it filed the case before the City Prosecutor’s Office on August 19, one day after the confrontation near a market area at around 5 p.m. on August 18. According to the LEEO, the vendor had previously been warned against selling

August 22, 2026

Business

Wall Street Just Bounced Back—But the Bond Market Is Flashing a Warning Investors Can’t Ignore

NEW YORK — Wall Street finally found some relief on Friday, but beneath the headline rally, investors were still confronting a potentially much bigger problem: U.S. bond yields remain stubbornly high, oil is climbing again, and uncertainty surrounding Iran continues to threaten the inflation outlook. The Dow Jones Industrial Average surged 517.80 points, or 0.98%, to 53,277.01 on August 21. The S&P 500 gained 0.43% to 7,674.37, while the technology-heavy Nasdaq Composite advanced 0.44% to 26,18

August 22, 2026