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,...
Pangilinan-led Metro Pacific Investments Corp. (MPIC) sustained its strong growth momentum in the first nine months of 2025, with consolidated core net income rising 14 percent to ₱23.6 billion from ₱20.8 billion for the same period last year. The firm said improved financial and operational...
Del Monte Pacific Ltd. (DMPL) reported that its net earnings surged more than seven-fold to $22.3 million in the first half of its current fiscal year (FY) ending April 2026, from $2.7 million in the same period a year ago, as a result of stronger sales and higher margins after writing off its...
Hong Kong — Metro Pacific Investments Corp. (MPIC) has revived plans to secure strategic investors for its tollways business in a bid to ease its significant debt burden. Chaye Cabal-Revilla, MPIC chief finance, risk, and sustainability officer, said the conglomerate is seeking to sell a 20...
HONG KONG — Metro Pacific Investments Corp. (MPIC) has begun due diligence on PrimeWater Infrastructure Corp. and its assets, a process that will determine whether the conglomerate makes a formal bid to acquire the water utility from the Villar family. “We signed a non-disclosure agreement with...
Tollway operator Metro Pacific Tollways Corp. (MPTC) is raising as much as ₱20 billion from its maiden issuance of bonds to provide additional funding for the ongoing construction of several major projects. MPTC, a subsidiary of Pangilinan-led Metro Pacific Investments Corp. (MPIC), said it...
Metro Pacific Investments Corp. (MPIC) is considering selling its stake in the private operator of the Light Rail Transit Line 1 (LRT-1) as losses continue to mount, according to business titan Manuel V. Pangilinan. “We continue to lose money on LRT-1, and I think we’re considering selling...
Axelum Resources Corp., the country’s leading manufacturer and exporter of coconut food products, reported an 88-percent surge in net income to ₱636 million in the first nine months of 2025 due to higher volumes and selling prices. In a disclosure to the Philippine Stock Exchange (PSE), the...
Hong Kong-based investment holding firm First Pacific Co. Ltd. expects its earnings to continue its upward trajectory through increased contributions from its Philippines businesses, Philex Mining Corp., and digital bank Maya. In a virtual investor conference, First Pacific stated that the two...
Belle Corp., the leisure arm of the SM Group, reported a 14-percent drop in net income to ₱1.32 billion for the first nine months of 2025 from the ₱1.53 billion recorded for the same period in 2024, mainly due to lower earnings from City of Dreams Manila (CODM). In a disclosure to the...
Emphasizing that playing the lottery should always remain a form of safe and enjoyable entertainment—not a financial risk—the Philippine Charity Sweepstakes Office (PCSO) on Wednesday, October 29, reaffirmed its commitment to promoting responsible gaming during the 2025 Asia-Pacific Lottery...
