Del Monte Pacific Limited’s external auditor, Ernst & Young LLP of Singapore, has issued a disclaimer of opinion on the group’s financial statements for the fiscal year ending April 2025, primarily due to the valuation of the company’s US assets that are up for sale. “In view of the...
Del Monte Pacific Limited is on track to achieve a full year of higher sales and profitability following the deconsolidation of its United States business, as well as the strength and momentum of its Philippine and international businesses. “Our strong first quarter performance underscores Del...
RCBC Leasing and Finance Corp. (RLFC), a wholly owned subsidiary of Rizal Commercial Banking Corp.(RCBC), is using fresh capital infused by Japan’s Sumitomo Mitsui Finance and Leasing Company, Limited (SMFL) to fund its nationwide expansion in the next five years. Last month, RLFC and SMFL...
Sumitomo Mitsui Financial Group Inc. (SMFG), through Sumitomo Mitsui Finance and Leasing Co. Ltd. (SMFL) is acquiring a 30-percent equity stake in RCBC Leasing and Finance Corp. (RLFC) of Yuchengco-led Rizal Commercial Banking Corp. (RCBC). In a disclosure to the Philippine Stock Exchange (PSE),...
Indian dyes and chemicals company Kiri Industries Limited (KIL) is exploring the prospect of expanding in the Philippines through an integrated copper smelting, refining, and fertilizer production facility, according to the Department of Trade and Industry (DTI). In a statement, the DTI said KIL...
Macau-based Melco Resorts & Entertainment Ltd. is talking to about two prospective buyers or investors for its City of Dreams Manila integrated resort, which it is operating using the property of Belle Corp. and the license of Premium Leisure Corp., both of the SM Group. “At the moment, as far...
Despite recognizing significant losses from its struggling US division, Del Monte Pacific Limited reported a profit for its latest fiscal year after reclassifying its American operations as discontinued. “Considering the board changes and the voluntary Chapter 11 filing of DMFHL (Del Monte Foods...
Philippine Rating Services Corp. (PhilRatings) stated that it is closely monitoring developments within the Del Monte Group to determine if the recent filing for Chapter 11 Bankruptcy of the US unit will impact the ability of Del Monte Philippines, Inc. (DMPI) to pay its outstanding bonds. On July...
Del Monte Pacific Limited’s (DMPL) Philippine subsidiary, Del Monte Philippines, Inc. (DMPI), reported strong growth in earnings before interest, taxes, depreciation, and amortization on the back of a jump in domestic and international sales but did not disclose its net income. In a disclosure to...
Campos-led Del Monte Pacific Limited (DMPL) reported that its current liabilities already exceed its current assets, while its US subsidiary’s filing for Chapter 11 bankruptcy will result in a capital deficit in DMPL’s balance sheet. In response to queries by the Singapore Exchange Securities...
Del Monte Pacific Limited’s US subsidiary, Del Monte Foods Holdings Limited (DMFHL), has filed for Chapter 11 bankruptcy in preparation for the liquidation of its assets, as directed by some of its creditors who recently took control of its board of directors. Last May 5, 2025, DMPL disclosed to...
Atome, a buy-now-pay-later provider operating in Southeast Asia, has secured a $75 million asset-backed financing deal from investment firm Lending Ark, supporting its push to expand financial access in the Philippines. The Lending Ark Asia provided the financing for a secured private debt fund,...
