Metro Pacific Investments Corporation (MPIC) is now all set for delisting following the high acceptance rate of the management-led tender offer, which mopped up P28.42 billion worth of the firm’s free float shares. In a disclosure to the Philippine Stock Exchange (PSE), GT Capital Holdings Inc....
Cebu Pacific reported that an engine servicing issue with supplier Pratt and Whitney (P&W) may affect its fleet availability next year and will result in a downgrade of its growth targets. In a disclosure to the Philippine Stock Exchange (PSE), Cebu Pacific said it has been informed by P&W...
Metro Pacific Investments Corporation (MPIC) reported that its planned voluntary delisting will now push through after the bidders have obtained enough shares from a tender offer to bring down the firm’s public float to less than five percent. In a disclosure to the Philippine Stock Exchange...
President Ferdinand “Bongbong” Marcos Jr. is thankful for India’s support to the Association of Southeast Asian Nations (ASEAN) in ensuring peace, stability, and order in the South China Sea region which is claimed in whole by China and in part by the Philippines and neighboring countries....
Del Monte Pacific Limited expects to generate a higher net profit for its fiscal year ending in April 2024, especially in the second half or November to April, after reporting lower losses for the months of May to July. “As a result of lower gross profit and increased interest expense, DMPL...
For Filipinos living abroad, a visit back home is definitely on the itinerary practically every couple of years. It’s a well-earned break to see relatives, enjoy the weather, and most especially experience the truly unique Filipino flavor of hospitality. But perhaps the best reason to come...
The Government Service Insurance System (GSIS) assured that it will not be standing in the way of the planned voluntary delisting of Metro Pacific Investments Corporation (MPIC) as it intends to remain a shareholder of the conglomerate even if it is delisted. In a disclosure, MPIC said it was...
The Po family's Century Pacific Food Inc. (CNPF), one of the leading food and beverage manufacturing companies in the Philippines, aims to deliver 12 million protein servings to its partner communities as part of its commitment towards a zero hunger Philippines. The firm said its commitment to...
Instead of preparing to divest its stake in Metro Pacific Investments Corporation (MPIC), the Government Service Insurance System (GSIS) has been buying more shares to increase its stake in the conglomerate—enough to derail the management-led tender offer and delisting plan. In a disclosure to...
Metro Pacific Investments Corporation (MPIC) is tapping its new partner Hartasuma Sdn Bhd of Malaysia not just as supplier for its railway project but also to jointly explore the viability of other modes of transportation, such as cable car and monorail systems. In a media briefing after the formal...
The partnership between lottery firm Pacific Online Systems Corporation and Philippine Charity Sweepstakes Office (PCSO) is venturing into online gaming as more and more bettors now prefer to go digital. Pacific Online said in a disclosure to the Philippine Stock Exchange that it has signed a...
Two Japanese navy vessels arrived in Manila on Friday, Aug. 25, for a five-month-long maritime exercises among Japanese, Filipino, American and Australian troops to show Japan's allied countries' deterrence against challenges in the Indo-Pacific region. JS Izumo (DDH-183) and JS Samidare (DD-106)...
