Top News
Del Monte Foods enters bankruptcy; Parent DMPL faces $748M exposure
Del Monte Pacific Ltd. (DMPL) of the Campos Group on Wednesday confirmed that its U.S. subsidiary, Del Monte Foods Holdings Ltd. (DMFHL), has filed for Chapter 11 bankruptcy protection as part of a comprehensive restructuring and asset sale process.
Emperador names Glenn Manlapaz as new president
Emperador Inc., the liquor company owned by tycoon Andrew Tan, announced a leadership transition with the appointment of Glenn D. Manlapaz as president, replacing...
President Marcos urges SEC to fast-track reforms for capital market growth
President Ferdinand Marcos Jr. on Tuesday called on the Securities and Exchange Commission (SEC) to streamline its regulatory processes, reduce transaction costs, and accelerate reforms to support the growth of the Philippine capital market, aligning with the goals of the newly enacted Capital Market Efficiency Promotion Act (CMEPA).
Net foreign liabilities rise in Q1 2025, underscoring PH net debtor status
The country's net external liability position expanded to US$69.3 billion as of end-March this year, up 5.8 percent from US$65.5 billion in December 2024, affirming the country’s continued status as a net debtor to the rest of the world, according to data from the Bangko Sentral ng Pilipinas (BSP).
BOP imbalances forecast between this year and next over persistent outflows
The Philippines is forecast to post balance of payments (BOP) deficits equal to around 1 percent of local output, measured as the gross domestic product (GDP) in both 2025 and 2026, reflecting persistent external currency outflows that exceed inflows.
