Del Monte Pacific Ltd. agreed to sell its 14.38 percent stake in India’s Sundrop Brands Ltd. in a three-part deal valued at approximately ₱2.5 billion, part of a strategy to offload non-core assets and shore up its balance sheet. In a disclosure to the Philippine Stock Exchange, the food and...
Cebu Pacific (PSE: CEB), the Philippines’ leading carrier, is giving Filipino migrant workers and their families an early Christmas gift with the launch of direct service between Manila and Riyadh, offering OFWs more affordable and accessible options to travel to Saudi Arabia or be reunited with...
Low-cost carrier Cebu Pacific is set to launch direct flights to Saudi Arabia 's capital in March next year, promising the most affordable travel option to the top destination for overseas Filipino workers (OFWs). Building on the momentum of its successful Manila to Dubai route, Cebu Pacific...
Metro Pacific Coconut Holdings Corp. (MPCH), a subsidiary of Metro Pacific Investments Corp. (MPIC), has increased its market share to nearly 70 percent of the country’s food-grade coconut exports after completing the acquisition of Franklin Baker Co. of the Philippines. MPIC said in a statement...
The country’s leading carriers are working round-the-clock to complete the industry-wide mandated software update on Airbus narrow-body jets by Sunday noon, aiming to prevent further flight cancellations that have affected thousands of passengers. Acting Transportation Secretary Giovanni Lopez...
Two of the country’s largest air carriers are scrambling to avert major travel disruption by pulling some of their Airbus SE narrow-body jets from service to perform an “urgent” software fix. On Saturday, Nov. 29, Philippine Airlines (PAL) and budget carrier Cebu Pacific (CEB) announced they...
International cooperation is crucial in raising maritime domain awareness and addressing “persistent” issues in maritime security and marine resources and infrastructure, Department of Foreign Affairs (DFA) Secretary Ma. Theresa Lazaro said. Speaking during the Ministerial Meeting on Protection...
The government is now scrambling to pay up to ₱4 billion in outstanding obligations to Light Rail Manila Corp. (LRMC) in hopes of maintaining the confidence of the Pangilinan-led Metro Pacific group in Light Rail Transit Line 1 (LRT-1). Acting Transportation Secretary Giovanni Lopez said the...
The Department of Tourism (DOT) is spotlighting the Philippines’ culinary heritage at the first-ever Terra Madre Asia Pacific in Bacolod, featuring two Michelin-recognized chefs in hands-on workshops showcasing Filipino flavors and sustainable practices. Palm Grill’s Michelin-recognized Miguel...
BACOLOD CITY – The inaugural Terra Madre Asia and Pacific, jointly hosted by this highly urbanized city and the province of Negros Occidental, puts a spotlight on the emerging slow food communities in the Philippines. The five-day event, which opened on Wednesday at the Provincial Capitol Lagoon...
The Department of Tourism (DOT) showcased the Philippines’ effort to turn local food traditions into global influence as it hosted the first-ever Terra Madre Asia & Pacific 2025 at the Provincial Capitol Lagoon in Bacolod City on Wednesday, Nov. 19. DOT Secretary Christina Garcia-Frasco said the...
Metro Pacific Hospitals Corp. (MPHC) will have to ramp up its expansion program until its size is able to command the target divestment value of top shareholders Kohlberg Kravis Roberts & Co. (KKR) and Singapore’s wealth fund GIC Pte. Ltd. Metro Pacific Investments Corp. (MPIC) Chairman,...
