ILOILO CITY — Metro Pacific Iloilo Water (MPIW) reiterated that it has taken steps to solve the water problems in Metro Iloilo amidst continued criticism from the Iloilo City government. “We are correcting infrastructure challenges that span generations—something that cannot be reversed...
While Philippine gross domestic product (GDP) growth showed relative strength in the second quarter, private-sector economists believe it is not strong enough to prevent the Bangko Sentral ng Pilipinas (BSP) from further reducing interest rates, as inflation is expected to remain soft and growth...
Low-cost carrier Cebu Pacific saw its earnings in the first half rise by a staggering 153 percent from the previous year on higher passenger volume and an engine compensation package. In a disclosure to the Philippine Stock Exchange (PSE), Cebu Pacific’s parent firm, Cebu Air Inc., reported a net...
The Philippines and United States are exploring additional avenues for defense cooperation and deeper engagement in multilateral security partnerships across the Indo-Pacific region. Senior officials from the Department of National Defense (DND) and Joint United States Military Assistance Group...
Manuel V. Pangilinan-led Metro Pacific Investments Corp. (MPIC) reported a 20 percent increase in net income for the first half of 2025, driven by improved financial and operational performance and strong contributions from its energy, water, and hospital businesses. During a financial briefing,...
President Marcos announced on Tuesday, Aug. 5, that the Philippines and India have agreed to “level up” their defense and security ties to ensure a free and open Indo-Pacific, a region critical to both countries. “We agreed to continue leveling up our collaboration in defense and...
Despite recognizing significant losses from its struggling US division, Del Monte Pacific Limited reported a profit for its latest fiscal year after reclassifying its American operations as discontinued. “Considering the board changes and the voluntary Chapter 11 filing of DMFHL (Del Monte Foods...
Travelers heading to island destinations can still fly out of Ninoy Aquino International Airport (NAIA) after the government pushed back the planned October phaseout of turboprop flights to next year. Based on a document obtained by Manila Bulletin, the Manila Slot Coordination Committee (MSCC) is...
Airlines in Asia Pacific grew by 12 percent in the first half of the year amid rising travel demand in the region on the backdrop of uncertainties in the global airline industry driven by the tariff policy of the United States (US). Based on data from the Association of Asia Pacific Airlines...
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...
