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...
Imagine this: Waking up to the breathtaking cityscape right outside the window, with the promise of endless stories to make, waiting just a few steps away. However, finding a comforting yet thrilling place to experience such a sojourn adventure in the city is not a piece of cake. Thankfully, an...
VisMin property developer Cebu Landmasters Inc. (CLI) has further expanded its hospitality portfolio with the opening of lyf Cebu City, its third operational hotel. In a disclosure to the Philippine Stock Exchange (PSE), the firm said lyf Cebu City is designed to serve young travelers looking to...
Del Monte Pacific Limited (DMPL) incurred a net loss of $21.6 million for the first half of its fiscal year (May to October 2023) from a net profit of $19 million in the same period of 2022 due to lower operating results. In a disclosure to the Philippine Stock Exchange (PSE), DMPL said it grew...
From left: Philip Cu-Unjieng, project lead of Manila Bulletin Sustainability Forum; Philip Barnes, country general manager of The Ascott Limited; Jordan Tan, Manila Bulletin head of business development; Faith Quijano, country sustainability champion and assistant residence manager of...
Metro Pacific Investments Corporation (MPIC) is now all set for delisting following the high acceptance rate of the management-led tender offer, which mopped up P28.42 billion worth of the firm’s free float shares. In a disclosure to the Philippine Stock Exchange (PSE), GT Capital Holdings Inc....
Metro Pacific Investments Corporation (MPIC) reported that its planned voluntary delisting will now push through after the bidders have obtained enough shares from a tender offer to bring down the firm’s public float to less than five percent. In a disclosure to the Philippine Stock Exchange...
Del Monte Pacific Limited expects to generate a higher net profit for its fiscal year ending in April 2024, especially in the second half or November to April, after reporting lower losses for the months of May to July. “As a result of lower gross profit and increased interest expense, DMPL...
FPM Power Holdings (Singapore) Ltd., an affiliate of Manila Electric Company (Meralco), will be joining the tender being carried out by the Singaporean government for its planned capacity shoring up to meet future energy demand growth. According to Meralco Chairman and CEO Manuel V. Pangilinan, the...
The Philippine Coast Guard (PCG) partnered with a British company specializing in managing oil spill to boost its capabilities in responding to incidents at sea that require such proficiency. Photo: Philippine Coast Guard / PCG Adm. Artemio Abu, PCG commandant, and Oil Spill Response Limited (OSRL)...
