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...
ZAMBOANGA CITY – A Cebu Pacific flight which took off for Tawi-Tawi province on Sunday, June 29, returned to the Zamboanga International Airport (ZIA) here seconds after takeoff due to unsettling mechanical sounds heard by passengers on board the aircraft. Passengers reported hearing loud banging...
While the Philippine peso is expected to weaken further due to pressure from the latest central bank easing and ongoing Israel-Iran tensions, the University of Asia and the Pacific (UA&P) has projected that second-quarter economic growth accelerated faster than in the first quarter on still-tame...
Cebu Pacific (CEB) announced on Tuesday, June 24, that all its flights to and from Dubai will continue to operate as scheduled, assuring passengers that its flight routes do not traverse conflict-affected areas in the Middle East. Despite continuing operations, the Gokongwei-led airline stated that...
The negotiations and discussions involving the Reciprocal Access Agreement (RAA), the Acquisition and Cross-Servicing Agreement (ACSA), and the Agreement on the Security of Information will take the partnership of the Philippines and Japan to a “higher level” as both countries aim to ensure the...
The peso dropped to the ₱57 level against the United States (US) dollar on Thursday morning, June 19, ahead of the expected Bangko Sentral ng Pilipinas (BSP) interest rate cut later in the day. According to the Bankers Association of the Philippines (BAP), the local currency opened at ₱57.1,...
