Corporate

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. 

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.

Globe Business has entered into a strategic partnership with Shakey's Pizza Asia Ventures Inc. (SPAVI) to upgrade its order management system, aiming to streamline operations, reduce errors, and enhance service delivery across its growing network. T