The Philippine Navy (PN) ramped up its maritime diplomacy in the Indo-Pacific region as it deployed Naval Task Group (NTG) 80.6 aboard the BRP Diego Silang (FFG7) to Darwin, Australia to join two major international maritime events. The contingent is participating in the International Fleet Review...
After divesting from its losing United States (US) operations, Del Monte Pacific Ltd. (DMPL) is now focusing on protecting and growing its Asian operations to drive long-term growth and profitability. In a disclosure to the Philippine Stock Exchange (PSE) on Thursday, March 12, DMPL said, “the...
Infra and utilities conglomerate Metro Pacific Investments Corp. (MPIC) intends to continue investing in infrastructure despite uncertainties and challenges posed by the war in the Middle East, laying the groundwork for more growth after sustaining record performance last year. “The global...
Belle Corp., the leisure and gaming arm of the Sy family’s SM Group, raised ₱280 million in fresh capital after its lottery subsidiary, Pacific Online Systems Corp., purchased a block of the parent company 's treasury shares. In a disclosure to the Philippine Stock Exchange, Bello said...
Department of National Defense (DND) Secretary Gilberto Teodoro Jr. on Tuesday, March 3, dismissed fears that the Philippines could be pulled into a burgeoning conflict between the United States, a treaty ally of Manila, and Iran. In an interview, Teodoro labeled such concerns as “unfounded”...
The Department of National Defense (DND) announced Saturday, Feb. 28, that it has represented the country for its maiden participation in the 3rd Japan Pacific Islands Defense Dialogue (JPIDD) held in Tokyo recently. Hosted by the Ministry of Defense of Japan, the dialogue gathered defense and...
The Department of National Defense (DND) said the renewed defense agreement between the Philippines and Italy will help strengthen maritime security in the Indo-Pacific region and deepen bilateral military ties. The signing of the renewed Agreement between the Philippines and Italy on Cooperation...
Pacific Online Systems Corp., a gaming unit of Belle Corp., is abandoning its foray into online betting and divesting from an e-casino venture following the government crackdown on digital gambling licenses. In two disclosures to the Philippine Stock Exchange Pacific Online said the company will...
The Philippine Army (PA) said Tuesday, Feb. 3, that it has strengthened its ties with French aerospace company Thales as part of efforts to expand cooperation in defense and critical technology systems that support national security. Brig. Gen. Jamel P. Samonte, commander of the Army’s Signal...
Del Monte Pacific Ltd. (DMPL) reported that the creditors of its indirect United States (US) subsidiary, Del Monte Foods Inc., have auctioned off substantially all of the firm’s businesses to three leading food companies for $509 million as part of its Chapter 11 proceedings. In a disclosure to...
Del Monte Pacific Ltd.’s (DMPL) subsidiary, DMPL India Holdco, has found a second buyer for the piecemeal sale of its 14.38-percent stake in Sundrop Brands Ltd., following the completion of the first tranche sale worth $14.8 million. In a disclosure to the Philippine Stock Exchange (PSE), DMPL...
The 33rd Asia Pacific Region (APR) Scout Jamboree successfully concluded on Saturday, Dec. 20, in Botolan, Zambales. Delegates from 19 countries thanked the Philippines, particularly Zambales, for hosting the region 's biggest scouting event. Foreign scout masters cited organizers for...
