Department of National Defense (DND) Secretary Gilberto Teodoro Jr. on Tuesday, March 3, dismissed fears that the Philippines could be pulled into a burgeoning conflict between the United States, a treaty ally of Manila, and Iran. In an interview, Teodoro labeled such concerns as “unfounded”...
The Department of National Defense (DND) announced Saturday, Feb. 28, that it has represented the country for its maiden participation in the 3rd Japan Pacific Islands Defense Dialogue (JPIDD) held in Tokyo recently. Hosted by the Ministry of Defense of Japan, the dialogue gathered defense and...
The Department of National Defense (DND) said the renewed defense agreement between the Philippines and Italy will help strengthen maritime security in the Indo-Pacific region and deepen bilateral military ties. The signing of the renewed Agreement between the Philippines and Italy on Cooperation...
Pacific Online Systems Corp., a gaming unit of Belle Corp., is abandoning its foray into online betting and divesting from an e-casino venture following the government crackdown on digital gambling licenses. In two disclosures to the Philippine Stock Exchange Pacific Online said the company will...
The Philippine Army (PA) said Tuesday, Feb. 3, that it has strengthened its ties with French aerospace company Thales as part of efforts to expand cooperation in defense and critical technology systems that support national security. Brig. Gen. Jamel P. Samonte, commander of the Army’s Signal...
Del Monte Pacific Ltd. (DMPL) reported that the creditors of its indirect United States (US) subsidiary, Del Monte Foods Inc., have auctioned off substantially all of the firm’s businesses to three leading food companies for $509 million as part of its Chapter 11 proceedings. In a disclosure to...
Del Monte Pacific Ltd.’s (DMPL) subsidiary, DMPL India Holdco, has found a second buyer for the piecemeal sale of its 14.38-percent stake in Sundrop Brands Ltd., following the completion of the first tranche sale worth $14.8 million. In a disclosure to the Philippine Stock Exchange (PSE), DMPL...
The 33rd Asia Pacific Region (APR) Scout Jamboree successfully concluded on Saturday, Dec. 20, in Botolan, Zambales. Delegates from 19 countries thanked the Philippines, particularly Zambales, for hosting the region 's biggest scouting event. Foreign scout masters cited organizers for...
Del Monte Pacific Ltd. agreed to sell its 14.38 percent stake in India’s Sundrop Brands Ltd. in a three-part deal valued at approximately ₱2.5 billion, part of a strategy to offload non-core assets and shore up its balance sheet. In a disclosure to the Philippine Stock Exchange, the food and...
Cebu Pacific (PSE: CEB), the Philippines’ leading carrier, is giving Filipino migrant workers and their families an early Christmas gift with the launch of direct service between Manila and Riyadh, offering OFWs more affordable and accessible options to travel to Saudi Arabia or be reunited with...
Low-cost carrier Cebu Pacific is set to launch direct flights to Saudi Arabia 's capital in March next year, promising the most affordable travel option to the top destination for overseas Filipino workers (OFWs). Building on the momentum of its successful Manila to Dubai route, Cebu Pacific...
Metro Pacific Coconut Holdings Corp. (MPCH), a subsidiary of Metro Pacific Investments Corp. (MPIC), has increased its market share to nearly 70 percent of the country’s food-grade coconut exports after completing the acquisition of Franklin Baker Co. of the Philippines. MPIC said in a statement...
