Wednesday, July 23, 2014
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  • SMC to build new flour mills

    SMC to build new flour mills

    San Miguel Pure Foods Company Inc., the food manufacturing arm of San Miguel Corp., said Tuesday it will expand a flour mill in Batangas and build two new factories in preparation for the Asean economic integration in 2015. Ang SMPFC said in a disclosure to the stock exchange unit San Miguel Mills Inc. aimed...
  • Gokongwei buying Griffin’s for P26.5b

    Gokongwei buying Griffin’s...

    Universal Robina Corp. of retail and airline tycoon John Gokongwei said Monday it will acquire NZ Snack Food Holdings Ltd. for NZ$700 million (P26.48 billion), a deal seen to strengthen its position as a significant regional player in the snack foods and beverages market. NZ Snack Food is the holding company...
  • Coca-Cola Femsa eyes PH as hub

    Coca-Cola Femsa eyes PH as hub

    Coca-Cola Femsa of Mexico plans to transform its Philippine operations as a platform for Asian expansion, the company said in a letter to the Trade Department. The Mexican company, which took over Coca-Cola Bottlers Philippines Inc. in 2013, is seeking government assistance for its expansion plan in Asia via...
  • Cavite couple builds toasted siopao chain

    Cavite couple builds toasted siopao...

    A couple’s plan to use their savings originally meant for home construction to start a toasted siopao business seemed rash a year ago, but their decision proved wise   as they have not only recouped their investments within months, but now operates a successful chain of outlets. Indo Carreon and...
  • Investments contract 38% — BoI

    Investments contract 38% —...

    New investments approved by the Board of Investments contracted 37.9 percent year-on-year in the first half in the absence of big-ticket projects from foreign investors, but the agency said the picture is expected to improve in the second half. Data from the BoI showed it granted tax incentives to P149.5...

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SMC to build new flour mills

5 hours ago | 0 comment
SMC to build new flour millsSan Miguel Pure Foods Company Inc., the food manufacturing arm of San Miguel Corp., said Tuesday it will expand a flour mill in Batangas and build two new...

Tetangco sees BoP surplus in 2nd half

5 hours ago | 0 comment
Tetangco sees BoP surplus in 2nd halfBangko Sentral Governor Amando Tetangco Jr. said Tuesday the country’s balance of payments will likely post a surplus in the second half, after incurring a...

Sea row not a factor in PH rating — Moody’s

5 hours ago | 0 comment
Sea row not a factor in PH rating — Moody’sDebt watcher Moody’s Investors Service said the territorial dispute over islets in the South China Sea (West Philippine Sea) will not affect the sovereign...

Manila toll road project stopped

5 hours ago | 0 comment
Manila toll road project stoppedThe Justice Department said the P18-billion road project being built by a unit of Metro Pacific Investments Corp. to connect North Luzon Expressway and South...

Groups ask DoF to consider third-party audit of tobacco taxes

5 hours ago | 0 comment
Groups ask DoF to consider third-party audit of tobacco taxesLocal and foreign business groups asked the Finance Department to tap a third-party monitoring group that will ensure tax compliance among tobacco companies.

DAPologists on overdrive

5 hours ago | 0 comment
DAPologists on overdriveAs people wait for the fifth state-of-the-nation address of President BS Aquino on July 28, administration apologists are on overdrive to make the SC-declared...

Metrobank selling P6.5-b bonds

5 hours ago | 0 comment
Metrobank selling P6.5-b bondsMetropolitan Bank & Trust Co., the country’s second-largest lender, started  Tuesday the offering of a new series of Basel 3-compliant Tier 2 notes...

Energy issues order on WESM transition

5 hours ago | 0 comment
Energy issues order on WESM transitionThe Energy Department has come out with a draft circular directing the transition of the operator of the Wholesale Electricity Spot Market to an independent...

Mining investors to curtail spending

5 hours ago | 0 comment
Mining investors to curtail spendingThe Canadian Chamber of Commerce in the Philippines said foreign investments in the mining sector will remain low because of a highly restrictive fiscal regime...

Govt bans tuna, scad fishing in Davao Gulf

5 hours ago | 0 comment
Govt bans tuna, scad fishing in Davao GulfThe Bureau of Fisheries and Aquatic Resources of the Agriculture Department declared a closed season for small pelagic fishes in Davao Gulf.

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