Belle Corp., the SM Group’s leisure property and gaming unit, reported a nine percent dip in net income to ₱801 million in the first six months of 2025 from the ₱882.4 million recorded for the same period last year due to lower sales at Tagaytay Highlands and a decline in earnings of City of...
Philippine Rating Services Corp. (PhilRatings) stated that it is closely monitoring developments within the Del Monte Group to determine if the recent filing for Chapter 11 Bankruptcy of the US unit will impact the ability of Del Monte Philippines, Inc. (DMPI) to pay its outstanding bonds. On July...
Manuel V. Pangilinan-led Metro Pacific Agro Ventures (MPAV) is solidifying its dominance in the domestic food-grade coconut export industry with the acquisition of the Franklin Baker Group of Companies, hot on the heels of its recent stake in Axelum Resources Corp. In a statement, MPAV said it...
Despite United States (US) President Donald Trump’s surprising decision to raise tariffs by three percentage points on Philippine exports, the foreign exchange (forex) market showed minimal concern, according to Dutch financial giant ING. “While Trump’s tariff hike on the Philippines—from...
Metro Pacific Investments Corporation’s subsidiary mWell has decided not to remain just a digital platform and has officially launched its first Primary Care Facility (PCF) in Main Square Mall, Bacoor City. “While a fully integrated digital platform, mWell built the PCF to showcase its Digital...
Top business executives across the Asia-Pacific are urging regional leaders to reaffirm their commitment to free trade amid escalating trade tensions and global uncertainties. The APEC Business Advisory Council (ABAC), which provides the private sector’s perspective on matters concerning the...
President Marcos and high-ranking officials of the United States reaffirmed their shared commitment to advance deterrence in the Indo-Pacific region and to maintain peace, stability, and freedom of navigation in a region critical to global trade. The Chief Executive met with US Defense Secretary...
Gokongwei-led Cebu Pacific, the country’s largest carrier by fleet size, has made its mark as the first local airline to operate a fleet of 100 aircraft with the arrival of its 12th Airbus A330neo. The 459-seater aircraft, which flew from Airbus’ facility in Toulouse, France, arrived at Ninoy...
Low-cost carrier Cebu Pacific has flown nearly 14 million passengers in the first half of the year on the back of heightened demand in air travel ahead of the lean season during the third quarter. The Gokongwei-led airline reported that it served 13.91 million passengers from January to June, 21...
French Ambassador to Manila Marie Fontanel is confident that the Philippines and France will build stronger relations in the future, as the two countries looked back at the high-level exchanges and agreements that defined the past year of their relations. Fontanel and Department of Foreign Affairs...
The Philippines, United States, and Japan agreed that a free, stable, and secure Indo-Pacific region hinges on the economic development of the Philippines, as the three countries underscored the importance of their trilateral cooperation. In a statement about the trilateral meeting held on the...
The Securities and Exchange Commission (SEC) has issued a cease and desist order (CDO) against the Fortune Wave Group and the PU Prime Group (Pacific Union LLC, PU Prime Philippines, and PU Prime Support PH) for soliciting investments from the public without the necessary approvals from the SEC. In...
