Campos-led Del Monte Pacific Limited (DMPL) is talking to a potential investor for its US subsidiary, Del Monte Foods Holdings Limited (DMFHL), after deciding to let lenders take control of the unit instead of contributing $45 million for a dispute settlement. This comes after DMPL said its Board...
Del Monte Pacific Ltd. (DMPL) reported that its debt burden has increased by $20 million as it took out a loan to settle a dispute with creditors of its US subsidiaries over allegations of default in 2022. In a disclosure to the Philippine Stock Exchange, the firm said this is due to a suit filed...
SecureLink Networks, a joint venture between homegrown telecommunications provider PT&T Corp. and Australian tech firm Netlinkz Ltd., has officially launched Virtual Secured Network Plus (VSN+), with the aim of redefining cybersecurity in the Philippines. VSN+ is described as a...
Manuel V. Pangilinan-led First Pacific Co. Ltd. is directly investing ₱726.29 million in Maynilad Water Services Inc. through its ₱49 billion initial public offering (IPO) to offset a small portion of the dilution in the stake of subsidiary Metro Pacific Investments Corp. (MPIC). In a...
Campos-led Del Monte Pacific Limited (DMPL) continued to report losses for the first nine months of its fiscal year ending on April 30, 2025 (FY2025) but sees a return to profitability in the coming years. In a disclosure to the Philippine Stock Exchange, the firm said it expects to incur a net...
Dusit Princess Firenze in Cagayan De Oro (Artist perspective/Dusit website) For property firms with real estate investment trusts (REITs), Colliers Philippines is pushing for the addition of hotel assets as an integral part of their diversification strategies. The real estate services and...
SecureLink Networks, a joint venture between telecommunications provider PT&T Corp. and Australian tech firm Netlinkz Ltd., is set to launch the Virtual Secured Network Plus (VSN+) next month in a bid to boost cybersecurity in the Philippines. In a statement on Wednesday, Feb. 26, SecureLink...
Japanese gaming firm Universal Entertainment Corporation (UEC) expects to end the year with a loss, partly due to the weak VIP market hounding its Philippine integrated resort, Okada Manila, and other casinos operating in the country. In a disclosure to the Tokyo Stock Exchange, UEC said that based...
Amid a slowdown in the residential construction and home improvement retail business, tycoon Lucio Co’s retail holding firm Cosco Capital Inc. has canceled its planned P500 million joint venture into the industry with a Thai company sealed in 2022. In a disclosure to the Philippine Stock...
Campos-led Del Monte Pacific Limited (DMPL) expects to incur a net loss in its fiscal year ending April 2025 after reporting a net loss of $56 million in the first half due to losses at its US subsidiary. In a disclosure to the Philippine Stock Exchange (PSE), the firm said the losses of its US...
Tiger Resort Asia Limited (TRAL) has divested its majority stake in publicly-listed Asiabest Group International Inc. (ABG), dashing hopes for the backdoor listing and follow-on offering of integrated resort Okada Manila. In a disclosure to the Philippine Stock Exchange (PSE), ABG stated, “We...
For the fifth time, Seiko has unveiled a limited-edition timepiece that’s available only in the Philippines—and, this time, it’s not a diver’s watch. Seiko’s new Prospex Philippine limited-edition watch is a tribute to the Whiskered Pitta, a bird found in rainforests in the country. In...
