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Del Monte books wider 4Q net loss of USD76.7 million on weaker US sales

Corporate Context.ph Context.ph -
Del Monte Pacific Ltd., the global food and beverage brand listed in the Philippines and Singapore stock exchanges, said Monday had a net loss of USD76.7 million in its fourth quarter ended 30 April, wider than the net loss of USD11.9 million in the same period last year.

Petron eyes P17 billion from new offer of preferred shares

Corporate Context.ph Context.ph -
Petron Corp., the country’s largest oil company and unit of San Miguel Corp., said Monday it filed with regulators an application to raise as much as P17 billion from the sale of 17 million Series 4 preferred shares.

PH, Korea Strengthen Agri Ties on 75th Anniversary of Bilateral Relations

Agriculture Context.ph Context.ph -
The Philippines and South Korea have reaffirmed their commitment to agricultural cooperation in commemoration of the 75th anniversary of the two countries' close bilateral relations.

GT Capital names George Uy-Tioco as new chief financial officer

Corporate Context.ph Context.ph -
GT Capital Holdings Inc., the listed investment holding company of the Ty Group, said Monday George S. Uy-Tioco Jr. has been appointed as its new chief financial officer.

Arthaland exploring mid-market opportunities in urban areas

Property Context.ph Context.ph -
Upscale property developer Arthaland Corp. has adopted a land acquisition strategy to ensure a pipeline of projects over the next 10 to 15 years.
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PhilExport urges MSMEs to turn trade deals into export wins

Trade & Investments 0
The Philippines must do more than sign trade deals—it must help smaller businesses turn them into export sales, Philippine Exporters Confederation Inc. (PhilExport) President Sergio Ortiz-Luis Jr. said.

DA asks Senate to back P198.4-B 2027 budget to protect farmers, secure food

Agriculture 0
The Department of Agriculture is urging lawmakers to approve its P198.4-billion proposed 2027 budget, noting farmers and fisherfolk now face rising costs, climate risks, and global economic pressures.

DOE stands firm on new coal bidding rules to bolster national energy strategy 

Energy & Mining 0
The Department of Energy will proceed with its updated bidding rules for brownfield coal resource areas despite opposition from key industry player Semirara Mining and Power Corp. Energy Secretary Sharon Garin affirmed that the revised terms will apply uniformly to all prospective bidders, as the government seeks to prioritize domestic fuel supply over foreign exports.

Vingroup plans $500M EV plant in Philippines, EVIS role unclear

Mobility 0
The Department of Trade and Industry (DTI) said Wednesday that the proposed plant would have an initial annual production capacity of 200,000 units, serving both domestic and export markets. Construction is targeted to begin in the first quarter of 2027, with completion expected within 12 to 18 months.
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