Del Monte Pacific Ltd. reported a net loss of USD35.9 million for the third quarter ended 31 January 2025 as higher operation costs and increased interest expenses at its U.S. subsidiary, Del Monte Foods Corp. II Inc. offset a 3 percent year-on-year increase in group sales to USD663 million.
Filinvest Land Inc., the listed property development arm of the Gotianun Group, has successfully tapped the bond market and raised P12 billion to fund capital expenditures and refinance debt. FLI issued 5-, 7- and 10-year peso fixed-rate retail bonds, which are PRS Aaa-rated by the Philippine Rating Services Corp. for their outstanding quality and minimum risk. The bonds were listed on the Philippine Dealing and Exchange Corp. (PDEx). This is the second tranche of FLI’s 2023 bond shelf-registration.
President Ferdinand Marcos Jr. led the inauguration of a P278.3-million grains terminal and trading station in Batangas City, marking a pivotal moment for the agricultural sector. The facility aims to reduce the cost of animal feeds by consolidating the supply of corn, which in turn is expected to lower the prices of poultry and livestock products, particularly in the Southern Tagalog region.
The SM Group’s retail loyalty program, SMAC, has announced a strategic partnership with AirAsia Rewards, offering enhanced shopping and travel experiences for both brands' members. This collaboration, part of SMAC's "My SMAC, My MOVE" lifestyle campaign, allows SMAC members to convert 500 AirAsia points into 125 SMAC Points via the AirAsia MOVE app, blending travel rewards with SMAC's shopping ecosystem.
Metrobank’s Trust Banking Group has earned top honors at the CFA Society Philippines’ 10th Annual Best Managed Funds of the Year Awards for 2025. The bank was recognized for its outstanding performance in managing peso- and dollar-denominated unit investment trust funds (UITFs), reflecting its commitment to delivering high returns for investors.
The Visayas power grid was placed under a yellow alert today, Tuesday, marking the seventh alert issued in the region this month due to ongoing power plant outages and reduced electricity supply.
The Energy Regulatory Commission (ERC) has approved the National Grid Corporation of the Philippines’ (NGCP) proposed P2.79-billion Laoag power quality improvement project in Ilocos Norte.
The Philippines generated ₱339.76 million in sales leads after a three-city tourism sales mission in India following its participation in the Outbound Travel Market (OTM) 2026 in Mumbai.
The country’s foreign currency reserves remained strong at the end of April 2026, even as the country recorded a wider gap between money flowing in and out of the economy.