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...
With new tariffs turning out “worse than expected” for Asian economies, Dutch financial giant ING said the Philippines’ exclusion from the revised list could give the country a trade advantage, potentially allowing it to outperform its regional peers. “Interestingly, countries like India,...
Del Monte Pacific Limited’s (DMPL) Philippine subsidiary, Del Monte Philippines, Inc. (DMPI), reported strong growth in earnings before interest, taxes, depreciation, and amortization on the back of a jump in domestic and international sales but did not disclose its net income. In a disclosure to...
Motorists are getting another round of relief as oil prices are set to go down further this week. Starting Tuesday, July 8, gasoline prices will decrease by ₱0.70 per liter, diesel by ₱0.10 per liter, and kerosene by ₱0.80 per liter. Shell Pilipinas, Seaoil, PetroGazz, and PTT are among the...
Campos-led Del Monte Pacific Limited (DMPL) reported that its current liabilities already exceed its current assets, while its US subsidiary’s filing for Chapter 11 bankruptcy will result in a capital deficit in DMPL’s balance sheet. In response to queries by the Singapore Exchange Securities...
The Philippine Air Force (PAF) will launch the “Cope Thunder” Philippines 25-2 air combat exercise with the United States Pacific Air Forces (PACAF) at the Clark Air Base in Mabalacat, Pampanga on Monday, July 7. Lt. Gen. Arthur Cordura, PAF commanding general, will lead the ceremony while the...
The statement from the Quad Foreign Ministers that raised concerns about the “dangerous and provocative actions” in the South China Sea shows the international community’s “strong objection” against such actions and underscores the need to adhere to international laws, the Department of...
Del Monte Pacific Limited’s US subsidiary, Del Monte Foods Holdings Limited (DMFHL), has filed for Chapter 11 bankruptcy in preparation for the liquidation of its assets, as directed by some of its creditors who recently took control of its board of directors. Last May 5, 2025, DMPL disclosed to...
Three years ago, President Ferdinand Marcos Jr. took the helm of the country as the world continued to grapple with the Covid-19 pandemic and economies, including the Philippines, strove for recovery after crippling lockdowns. Governments worldwide faced the delicate task of balancing public health...
While its exports to the United States (US) are already affected by newly imposed tariffs, the Po family’s Century Pacific Food Inc. (CNPF) will continue to expand its coconut water, tuna, and dairy capacities as these are its main engines for growth in the years to come. In a media briefing...
A slightly higher inflation rate that remains below two percent in June would allow the Bangko Sentral ng Pilipinas (BSP) to cut interest rates some more in August, economists said. In a June 27 report, Deutsche Bank Research economist Junjie Huang said headline inflation could have inched up to...
