Puregold posts 21% growth in net profit; declares P5.2B dividend
Puregold Price Club Inc., a listed operator of various retail and wholesale formats, reported a 21 percent increase in consolidated net income to P10.4 billion in 2024, up from P8.6 billion in 2023, driven by strong revenue growth and improved gross margins at its S&R Warehouse business.
Del Monte settles lender lawsuit, faces higher debt, governance risk
Del Monte Pacific Ltd. disclosed to the Philippine Stock Exchange that its U.S. subsidiary, Del Monte Foods, Inc. (DMFI), has reached a settlement with a group of lenders who had filed suit in the Delaware Court of Chancery over alleged defaults under a 2022 loan agreement.
Gaming revenues surge in 2024 as industry rapidly evolves
The rapid evolution of the gaming industry fueled a sharp rise in earnings for the state-run Philippine Amusement and Gaming Corp., as surging revenues from electronic gaming more than offset earnings lost due to the government’s decision to ban Philippine Offshore Gaming Operations (POGOs).
THAI taps Airbus for major A350 cabin retrofit, signaling premium push
Thai Airways International (THAI) has signed a Letter of Intent (LoI) with Airbus to retrofit its A350-900 fleet, a move set to elevate passenger experience and boost operational efficiency across its long-haul network.
RCBC Travel Fair 2025 takes off with exclusive deals
RCBC Credit Cards has officially launched the RCBC Travel Fair 2025, a four-day event set to drive travel spending and boost tourism bookings, running from April 10 to 13 at the Shangri-La Plaza Mall Grand Atrium.
