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...
The Philippines must pursue long-term reforms to thrive amid intensified uncertainty wrought by geopolitics and external developments, including Donald J. Trump's impending return to the White House seen solidifying the United States' trade protectionism, according to a World Bank economist. On the...
Century Pacific Food Inc. (CNPF), one of the leading food companies in the Philippines, is seeking to strengthen its presence in the vast Chinese market by appointing a new distributor, Shanghai Ikai International Trading Co. In a disclosure to the Philippine Stock Exchange (PSE), CNPF stated that...
Gokongwei-led Cebu Air Inc., operator of Cebu Pacific, is set to kick off 2025 with a new destination to Japan as part of its commitment to making travel wider for its customers. In a statement on Thursday, Nov. 7, Cebu Pacific said it would operate thrice-weekly flights to Sapporo in Hokkaido,...
Brunei Darussalam, a silent claimant on parts of the South China Sea, said it is willing to work with the Philippines, another claimant state, in ensuring peace and stability in the Indo-Pacific. Its envoy to Manila, Ambassador Megawati Manan, expressed Bandar Seri Begawan’s commitment to work...
Pangilinan-led Metro Pacific Investments Corporation (MPIC) reported a 28 percent growth in consolidated core net income, hitting a record P20.8 billion in the first nine months of 2024, from P16.2 billion in the same period last year. In a statement, the firm said improved financial and operating...
Century Pacific Food Inc. of the Po family, one of the leading branded food companies in the Philippines, posted a 14 percent improvement in net income to P5.3 billion in the first nine months of 2024 from P4.6 billion in the same period last year. In a disclosure to the Philippine Stock Exchange...
Low-cost carrier Cebu Air Inc., operator of Cebu Pacific, has put on sale as much as 750,000 seats across its domestic flights. In a statement on Monday, Nov. 4, Cebu Pacific said travelers can book seats for as low as P99 for one way for travel period beginning Jan. 1 until March 31, 2025. The...
