Metro Pacific affiliate Axelum Resources Corporation, the country’s leading fully-integrated manufacturer and exporter of premium coconut products, expects to perform even better next year after turning its performance around in 2024. “Rising demand in key export markets continue to fuel our...
The Department of Foreign Affairs (DFA) has welcomed the Senate’s ratification of the Philippines-Japan Reciprocal Access Agreement (RAA), which it said will strengthen the strategic partnership between the two countries. DFA Secretary Enrique Manalo said Tuesday, Dec. 17, that the “prospective...
The Philippines and India have begun talks on maritime issues in a development that came after New Delhi started to voice out its concern over aggression in the South China Sea. Department of Foreign Affairs (DFA) Assistant Secretary for Maritime and Oceans Affairs Office Marshall Louis...
Campos-led Del Monte Pacific Limited (DMPL) expects to incur a net loss in its fiscal year ending April 2025 after reporting a net loss of $56 million in the first half due to losses at its US subsidiary. In a disclosure to the Philippine Stock Exchange (PSE), the firm said the losses of its US...
Veteran banker Raul B. De Mesa, Chairman, President, and CEO of Abacore Capital Holdings Inc. and Director of Pacific Online Systems Corporation, has passed away at 81. In a disclosure to the Philippine Stock Exchange, Abacore stated, “His untimely departure has left an irreplaceable void in our...
NLEX Corporation, a subsidiary of Metro Pacific Tollways Corporation, has retained its highest Issue Credit Rating of PRS Aaa with a Stable Outlook from the Philippine Rating Services Corporation (PhilRatings) for its outstanding fixed-rate bonds worth P6.0 billion. Obligations rated PRS Aaa are of...
The United States has offered members of the Association of Southeast Asian Nations (ASEAN) its help to bolster their domain awareness to address cases of illegal intrusions and coercion. According to the US Defense Department, securing domain awareness is a foundational aspect of supporting its...
The Asia-Pacific Economic Cooperation (APEC) has intensified its push for its own free-trade agreement among its 21 member-economies to complement as well as fill in the gaps of existing FTAs in the region. The 2024 APEC Leaders' Machu Picchu Declaration in Lima, Peru, last Nov. 16 also committed...
Del Monte Pacific Limited Limited (DMPL) and its partner are divesting from Del Monte Foods Private Limited (Del Monte India, formerly FieldFresh Foods Private Limited) in exchange for minority stakes in a leading Indian food company. In a disclosure to the Philippines Stock Exchange (PSE), DMPL...
Gokongwei-led Cebu Air Inc., operator of Cebu Pacific, offers an exclusive seat sale for its soon-to-launch route from Manila to Sapporo, Japan. Beginning Nov. 13 to 19, travelers may book flights from Manila to Sapporo for a base fare of P1,488. This is exclusive of fees and surcharges. Travel...
China said it is the Philippines, which has become more assertive in countering Beijing’s aggression in the South China Sea, that is causing provocation in the Indo-Pacific region. Lin Jian, spokesman for China’s Foreign Ministry, claimed that every escalation of maritime row between the two...
While still ironing out some kinks, Maynilad Water Services Inc. is committed to launching its initial public offering (IPO), estimated at $1 billion, within 2025, and will file its application with regulators by the first quarter. “Yes, we are poised to list next year. Our target is to be...
