Corporate
RFM projects higher 2025 income despite floods
Food and beverage firm RFM Corp. projects improved income for 2025 on the back of higher product sales and softer commodity prices, despite logistics challenges caused by recent flooding in the third quarter.
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.
Philippines edges out Indonesia in startup capital race
For the first time, the Philippines has surpassed Indonesia in startup funding, raising US$86.4 million in the first half of 2025, according to the SEA Startup Funding Report H1 2025 by DealStreetAsia and Kickstart Ventures.
Philcement selling 15% stake to Japan’s Sumitomo Cement
Philcement Corp., a unit of Phinma Corp., announced on Wednesday that it has signed a share subscription agreement with Japan-based Sumitomo Osaka Cement Co. Ltd., for the sale of a 15 percent stake through the issuance of primary shares.
Prime Infra launches tree planting drive to boost sustainability
Prime Infrastructure (Prime Infra) has launched Prime Kalikasan: Greener Prime, Greater Future, a tree planting initiative aimed at reinforcing its environmental sustainability efforts. The program kicked off on September 5 and 6 at Prime Infra’s waste management sites in Porac, Pampanga and Barangay Binaliw, Cebu City.
