Del Monte Pacific receives auditor disclaimer
Del Monte Pacific Limited has disclosed that its independent auditor, Ernst & Young LLP, issued a disclaimer of opinion on its consolidated financial statements for the fiscal year ending April 30, 2025, citing insufficient audit evidence related to its U.S. subsidiary.
DA orders audit of farm-to-market roads
Agriculture Secretary Francisco Tiu Laurel Jr. has ordered a full audit of all farm-to-market road (FMR) projects from 2021 to 2025, echoing President Marcos’ call for accountability amid flood control project controversies.
DigiPlus, PhilFirst launch player surety bond
DigiPlus Interactive Corp., the digital entertainment company behind BingoPlus, ArenaPlus, and GameZone, has partnered with Philippine First Insurance Co. Inc. (PhilFirst) to launch the country’s first-ever surety bond program for online gaming players.
Fed cuts rates, signals more reductions ahead
The U.S. Federal Reserve lowered its benchmark interest rate by 25 basis points on Wednesday (Thursday, Manila time), bringing the federal funds target range to 4.00–4.25 percent. The decision comes amid signs of slowing job gains, persistent inflation, and moderating economic growth.
Balancing Bets: PAGCOR’s high-stakes gamble on trust
The Philippine gaming industry finds itself in a curious bind—riding the wave of digital innovation with one hand, while trying to put out moral fires with the other.
