Cebu Air Inc., the operator of Gokongwei-led budget carrier Cebu Pacific, reported that its net income declined by 79 percent in the first three months of the year, driven by costs related to its fleet and network expansion. In a disclosure to the Philippine Stock Exchange (PSE), Cebu Air said its...
Gokongwei-led Cebu Pacific is upbeat about its continued growth this year on the heels of its massive expansion drive in 2024, during which the budget carrier expanded its fleet capacity and hubs across the country. During the airline’s annual stockholders’ meeting, Cebu Pacific Chairman Lance...
Power and water utilities propelled a 17 percent growth in Metro Pacific Investments Corporation’s first quarter core net income to ₱6.6 billion in 2025 from ₱5.6 billion in 2024. The firm said that, “Improved financial and operational performance across MPIC’s portfolio led to a...
Century Pacific Food, Inc., one of the Philippines’ leading food companies, is aiming to sustain its double-digit growth in the first quarter amid slower inflation while US tariffs are seen to have a minimal impact on the company. “While it’s still early in the year, we aim to continue our...
Lt. Gen. Roy Galido, commanding general of the Philippine Army (PA), will participate in an international symposium and exhibition dedicated to land forces in the Indo-Pacific region next week. The Land Forces Pacific (LANPAC) Symposium will take place from May 13 to 15 at the Sheraton Waikiki...
With headline inflation falling to its lowest level in over five years, local and international financial institutions now expect the Bangko Sentral ng Pilipinas (BSP) to cut key interest rates by a total of 75 basis points (bps) by year-end, with the first reduction likely as early as the upcoming...
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...
The uncertainties facing Asia and the Pacific are also an opportunity to build a more resilient and sustainable future, Asian Development Bank (ADB) President Masato Kanda said at the opening session of the multilateral lender’s 58th annual meeting of its board of governors in Milan, Italy....
The Manila-based multilateral lender Asian Development Bank (ADB) on Sunday, May 4, announced plans to expand its support for long-term food and nutrition security in Asia and the Pacific by $26 billion, raising its total commitment for food security initiatives to $40 billion for the period 2022...
The Armed Forces of the Philippines (AFP) and United States Armed Forces carried out a counter-landing and live-fire exercise in Cagayan on Saturday, May 3, showcasing its coordinated firepower and rapid response capabilities aimed at deterring a seaborne invasion. The simulation, which was part of...
Lottery firm Pacific Online Systems Corporation (POSC) is rethinking its investment into the online gaming business amid regulatory uncertainty due to government threats to ban Philippine inland gaming operators (PIGOs) if it gives rise to problems similar to that of Philippine offshore gaming...
The Japanese government will remain committed to providing the Philippines with much-needed equipment and support for maritime security to ensure a free and open Indo-Pacific region, Japanese Prime Minister Ishiba Shigeru said. Japan Prime Minister Ishiba Shigeru speaks during a news...
