Manuel V. Pangilinan-led First Pacific Co. Ltd. is directly investing ₱726.29 million in Maynilad Water Services Inc. through its ₱49 billion initial public offering (IPO) to offset a small portion of the dilution in the stake of subsidiary Metro Pacific Investments Corp. (MPIC). In a...
Metro Pacific Investments Corp. (MPIC) is aiming to seal a deal to sell about 20 percent of subsidiary Metro Pacific Tollways Corp. to a foreign strategic investor in the next two months. In an interview, MPIC Chairman, President and CEO Manuel V. Pangilinan said they have whittled the number of...
Campos-led Del Monte Pacific Limited (DMPL) continued to report losses for the first nine months of its fiscal year ending on April 30, 2025 (FY2025) but sees a return to profitability in the coming years. In a disclosure to the Philippine Stock Exchange, the firm said it expects to incur a net...
Pangilinan-led Metro Pacific Investments Corporation (MPIC) is investing ₱116.15 billion for capital expenditures this year as it expects its 2025 earnings to exceed the record performance in 2024. In a press briefing, MPIC Chief Finance, Risk, and Sustainability Officer Chaye Cabal-Revilla said...
CEBU CITY – Brace for impact. Panicky passengers heard those words from the public address system of Cebu Pacific Flight 5J 588 in what could be the longest eight minutes of their lives. The Manila-bound aircraft was forced to return to Cebu after encountering landing-gear issues mid-flight on...
The Philippines and the United Kingdom signed on Saturday, March 8, the Philippines-UK Joint Framework agreement to chart the direction of the two countries’ relationship and cooperation in trade, defense, human rights, and regional security. (From left) President Ferdinand 'Bongbong'...
Department of Labor and Employment (DOLE) Undersecretary for Employment and Human Resource Development Cluster Carmela I. Torres (center) leads the awarding of a P1-million training fund to Pacific Farms, Inc. on February 28, 2025. The initiative, under the DOLE Adjustment Measures Program (AMP),...
Budget carrier Cebu Pacific is celebrating its 29th anniversary this month by offering a ₱29 one-way base fare across its domestic and international destinations. Starting Thursday, March 6, to Tuesday, March 11, travelers can book flights for as low as ₱29, exclusive of fees and surcharges....
A group of freshman students pose for the camera during their student orientation at the APC Auditorium as the school year 2024-2025 starts. Asia Pacific College (APC), a cornerstone of the SM group's commitment to education, is aggressively pursuing university status, fueled by international...
Following the groundbreaking of the Philippines’ largest desalination plant in Iloilo City, Metro Pacific Water Solutions (MPW) plans to source a portion of its energy from a waste-to-energy (WtE) facility. In a forum on Wednesday, Feb. 26, Jose Mari Lazo, chief finance officer of MPW, shared...
Cebu Pacific, the country’s leading budget carrier, has become the first airline in Southeast Asia to fully integrate generative artificial intelligence (AI) into its customer support service. In a statement, Cebu Pacific said it is partnering with Canada-based AI customer service company Ada to...
ILOILO CITY – Construction is set to begin for the country’s largest desalination plant in Metro Iloilo. BUSINESSMAN Manny Pangilinan graces the groundbreaking of the country’s biggest desalination plant in Iloilo City on Friday, Feb. 21. (Tara Yap) Secretary Jonvic Remulla of...
