Del Monte Pacific Ltd., the food and beverage conglomerate led by the Campos family, raised ₱870 million ($14.13 million) by offloading its remaining stake in India’s Sundrop Brands Ltd., moving to shore up liquidity and pay down debt at its main Philippine operating unit. In a disclosure to...
Metro Pacific Water (MPW), a unit of tycoon Manuel V. Pangilinan’s Metro Pacific Investments Corp. (MPIC), has taken over the water distribution network of San Jose del Monte City in Bulacan on an interim basis. In a statement on Friday, June 5, MPW said the local government of San Jose del...
Manila Water Co., the utility controlled by billionaire Enrique Razon Jr., is evaluating a potential expansion into San Jose del Monte, Bulacan, following the exit of PrimeWater Infrastructure Corp. from the city. Roberto R. Locsin, Manila Water president and chief executive officer said during an...
CAGAYAN DE ORO – A week after suffering a heartbreaking one-shot loss to Zero Plete at Del Monte, Precious Zaragosa delivered a stirring comeback of her own Thursday, May 7, erasing a daunting five-stroke deficit before outlasting her rival in sudden death to capture the girls’ 15-18 division...
Bukidnon bets Alexis Nailga and Zero Plete delivered when it mattered most, rescuing local pride with dominant victories in the premier division of the ICTSI Del Monte Junior PGT Championship at Del Monte Golf Club on Friday, May 1. With homegrown players largely overshadowed in the lower age-group...
After divesting from its losing United States (US) operations, Del Monte Pacific Ltd. (DMPL) is now focusing on protecting and growing its Asian operations to drive long-term growth and profitability. In a disclosure to the Philippine Stock Exchange (PSE) on Thursday, March 12, DMPL said, “the...
Del Monte Pacific Ltd. (DMPL) reported that the creditors of its indirect United States (US) subsidiary, Del Monte Foods Inc., have auctioned off substantially all of the firm’s businesses to three leading food companies for $509 million as part of its Chapter 11 proceedings. In a disclosure to...
Del Monte Pacific Ltd.’s (DMPL) subsidiary, DMPL India Holdco, has found a second buyer for the piecemeal sale of its 14.38-percent stake in Sundrop Brands Ltd., following the completion of the first tranche sale worth $14.8 million. In a disclosure to the Philippine Stock Exchange (PSE), DMPL...
Del Monte Pacific Ltd. agreed to sell its 14.38 percent stake in India’s Sundrop Brands Ltd. in a three-part deal valued at approximately ₱2.5 billion, part of a strategy to offload non-core assets and shore up its balance sheet. In a disclosure to the Philippine Stock Exchange, the food and...
Del Monte Pacific Ltd. (DMPL) reported that its net earnings surged more than seven-fold to $22.3 million in the first half of its current fiscal year (FY) ending April 2026, from $2.7 million in the same period a year ago, as a result of stronger sales and higher margins after writing off its...
The Philippine Stock Exchange (PSE) has lifted the suspension on the trading of the shares of Del Monte Pacific Ltd. (DMPL) after accepting the firm’s explanation that Ernst & Young’s audit disclaimer concerns only its discontinued US business, which will not impact its continuing operations in...
Del Monte Pacific Ltd. (DMPL) is asking the Philippine Stock Exchange (PSE) to lift the suspension of trading of its shares despite the audit disclaimer of Ernst & Young for its annual report. “The audit disclaimer pertains only to discontinued operations of the US [United States] business for FY...
