Campos-led Del Monte Pacific Limited is planning to raise funds via the selective sale of assets in the U.S. and injection of equity in the Group through strategic partnerships to lower leverage. However, the firm said in a disclosure to the Philippine Stock Exchange that the Group expects to incur...
Local telecommunications firm PT&T Corporation has partnered with Australian technology innovator Netlinkz Limited to establish a joint venture in network security and connectivity for businesses across the Philippines. In a disclosure to the Philippine Stock Exchange, PT&T said this joint...
Del Monte Pacific Limited’s (DMPL) US subsidiary Del Monte Foods Inc. (DMFI) and certain of its existing lenders completed a new financing arrangement for up to $240 million. In a disclosure to the Philippine Stock Exchange (PSE), DMPL said this new arrangement involves a new term loan...
SMDC’s latest development in bustling Mandaluyong SMDC's Light 2 Residences, a 46-story two-tower residential and commercial development, is the latest in the award-winning developer’s residential addresses in Mandaluyong and builds upon the success of SMDC Light Residences. At the...
The city of Bacolod, dubbed the "City of Smiles," welcomed a new hospitality player on June 14, 2024, with the grand opening of Citadines Bacolod City. This serviced residence marks The Ascott Limited's expansion into the heart of Bacolod, offering a stylish and comfortable haven for both business...
The Ascott Limited Philippines’ executive management committee, residence managers across all Ascott properties, cluster leaders in the sales, marketing, revenue, and business development departments 2024 marked the 40th anniversary for The Ascott Limited, one of Asia Pacific’s largest...
The Philippine Stock Exchange (PSE) has approved the application of Roxas Holdings Inc. (RHI) for a nine-day voluntary suspension of the trading of its stocks following the planned takeover of young tycoon Leandro Leviste. In its letter to the PSE, RHI said it sought a trading suspension to avoid...
A high-ranking official of India's Adani Ports and Special Economic Zone Limited (APSEZ Ltd.) expressed the company's intention to invest in the Philippines, citing the country's stability in regulation and business environment. NEW VENTURES — President Ferdinand 'Bongbong' Marcos Jr. meets...
The Campos family’s Del Monte Pacific Limited expects to deliver higher branded revenue growth in its fiscal year ending April 2024 (FY2024) even as it incurred a loss in the first nine months (May 2023 to January 2024) and plans to close two US plants to improve margins. In a disclosure to the...
Central Azucarera Don Pedro Inc. (CADPI), a wholly-owned sugar mill subsidiary of the First Pacific Co.-controlled Roxas Holdings Inc., announced that it has permanently closed its business operations effective on Feb. 28, 2024 due to serious business losses and the government’s sugar...
Renewable energy (RE) is set to be the top source of electricity in 2025, the latest International Energy Agency report states. India, in turn, is building the “world’s largest RE project” named Khavda Renewable Energy Park, which can power 16.1 million Indian homes once completed in...
The Campos family’s Del Monte Pacific Limited (DMPL) is testing the appetite of the overseas market for its plan to raise fresh funds through a dollar-denominated Senior Perpetual Capital Securities Offering. In a disclosure to the Philippine Stock Exchange (PSE), the firm said the fund-raising...
