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...
Del Monte Pacific Limited Limited (DMPL) and its partner are divesting from Del Monte Foods Private Limited (Del Monte India, formerly FieldFresh Foods Private Limited) in exchange for minority stakes in a leading Indian food company. In a disclosure to the Philippines Stock Exchange (PSE), DMPL...
Manila Bulletin has been a staunch advocate of sustainability since the first MB Sustainability Forum in 2022. The forum promotes conversations about sustainability and serves as a platform to raise awareness about it. Last year, the two-day event called for urgency in addressing...
The Department of Trade and Industry (DTI) said that SHERA Public Co. Ltd.’s P2.9-billion plant would boost the Philippines' aspiration to become a global manufacturing hub. Trade Secretary Cristina A. Roque said that this investment from SHERA, the leading fiber cement innovator in Southeast...
