Manuel V. Pangilinan-led Metro Pacific Investments Corp. (MPIC) reported a 20 percent increase in net income for the first half of 2025, driven by improved financial and operational performance and strong contributions from its energy, water, and hospital businesses. During a financial briefing,...
President Marcos announced on Tuesday, Aug. 5, that the Philippines and India have agreed to “level up” their defense and security ties to ensure a free and open Indo-Pacific, a region critical to both countries. “We agreed to continue leveling up our collaboration in defense and...
Despite recognizing significant losses from its struggling US division, Del Monte Pacific Limited reported a profit for its latest fiscal year after reclassifying its American operations as discontinued. “Considering the board changes and the voluntary Chapter 11 filing of DMFHL (Del Monte Foods...
Travelers heading to island destinations can still fly out of Ninoy Aquino International Airport (NAIA) after the government pushed back the planned October phaseout of turboprop flights to next year. Based on a document obtained by Manila Bulletin, the Manila Slot Coordination Committee (MSCC) is...
Airlines in Asia Pacific grew by 12 percent in the first half of the year amid rising travel demand in the region on the backdrop of uncertainties in the global airline industry driven by the tariff policy of the United States (US). Based on data from the Association of Asia Pacific Airlines...
Belle Corp., the SM Group’s leisure property and gaming unit, reported a nine percent dip in net income to ₱801 million in the first six months of 2025 from the ₱882.4 million recorded for the same period last year due to lower sales at Tagaytay Highlands and a decline in earnings of City of...
Philippine Rating Services Corp. (PhilRatings) stated that it is closely monitoring developments within the Del Monte Group to determine if the recent filing for Chapter 11 Bankruptcy of the US unit will impact the ability of Del Monte Philippines, Inc. (DMPI) to pay its outstanding bonds. On July...
Manuel V. Pangilinan-led Metro Pacific Agro Ventures (MPAV) is solidifying its dominance in the domestic food-grade coconut export industry with the acquisition of the Franklin Baker Group of Companies, hot on the heels of its recent stake in Axelum Resources Corp. In a statement, MPAV said it...
Despite United States (US) President Donald Trump’s surprising decision to raise tariffs by three percentage points on Philippine exports, the foreign exchange (forex) market showed minimal concern, according to Dutch financial giant ING. “While Trump’s tariff hike on the Philippines—from...
Metro Pacific Investments Corporation’s subsidiary mWell has decided not to remain just a digital platform and has officially launched its first Primary Care Facility (PCF) in Main Square Mall, Bacoor City. “While a fully integrated digital platform, mWell built the PCF to showcase its Digital...
Top business executives across the Asia-Pacific are urging regional leaders to reaffirm their commitment to free trade amid escalating trade tensions and global uncertainties. The APEC Business Advisory Council (ABAC), which provides the private sector’s perspective on matters concerning the...
President Marcos and high-ranking officials of the United States reaffirmed their shared commitment to advance deterrence in the Indo-Pacific region and to maintain peace, stability, and freedom of navigation in a region critical to global trade. The Chief Executive met with US Defense Secretary...
