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Hyundai distributor posts 5% sales growth

The official distributor of Hyundai vehicles in the country posted a five percent growth in sales in June from the previous month, indicating increased economic activity with the easing of quarantine restrictions......»»

Category: financeSource: philstar philstarJul 20th, 2021

Hyundai makes inroads in commercial vehicle segment

The official distributor of Hyundai vehicles in the country now ranks third in the commercial vehicle market as its truck and bus sales accelerated by 673 percent in the four months to April......»»

Category: newsSource:  philstarRelated NewsJun 4th, 2021

Coke PH expands Balik Pinas program for repatriated OFWs

Coca-Cola Beverages Philippines, Inc. (CCBPI)—the bottling arm of Coca-Cola in the country—has expanded its Balik Pinas program to national scale to reach more repatriated overseas Filipino workers (OFWs) and help them start their own business at home. Gareth McGeown, CCBPI President and CEO. “Coca-Cola’s commitment to Filipinos has only grown stronger, in weathering this crisis together,” said Gareth McGeown, CCBPI President and CEO. “We will help and support where we can. Through Balik Pinas, our goal is to help repatriated OFWs who have lost their livelihood abroad to start anew, via owning and operating their own business and be successful here, at home, with their families.” With the help of the Department of Labor and Employment (DOLE), CCBPI aims to reach more OFWs who are interested to start their own business through Balik Pinas. Data from the Department of Foreign Affairs show that as of September 2020, over 190,000 overseas Filipino workers have been repatriated. Balik Pinas gives opportunities to OFWs to be part of the Coca-Cola family as a distributor, wholesaler, or a community reseller. Balik Pinas is a journey that the company and new entrepreneurs take together at every step—from setting up the business, to sustaining it, to ensuring growth. Coca-Cola assists former OFWs in choosing a suitable business model for their area, helps in managing their cash flow and inventory, and sees to it that they are given proper guidance and training until they are fully ready and equipped to operate on their own—all in all, a sustainable and profitable business founded on practical support from a global beverage brand. According to Carlos Rivera, CCBPI Territory Sales Team in Naga City, the Balik Pinas Program started as a small-scale initiative in Naga City to help former OFWs. Just a couple of months after returning home, Carlos Manzano and his family was able to set up their business as Coca-Cola distributor through the Balik Pinas Program, which Carlos said has reshaped his life and outlook forever. IN PHOTO: Carlos and their family’s multi-cab routing unit with the Coca-Cola Naga Sales team. When the program’s pilot rollout started, the Manzanos—brothers Carlos and Jazz, and their father Lito—were among the pioneer members. Carlos and Jazz had both been working for several years in Qatar until the COVID-19 pandemic shook the trajectory of their career and, consequently, the well-being of their families. Together with their father, Lito, who also used to be an overseas worker, they set up a beverage distribution business in their hometown Naga City. Their optimism, as with any new business venture, was tempered with anxiety over how it would all turn out—especially with the considerable challenge of launching during such tenuous times until Rivera offered them membership to the Balik Pinas Program of Coca-Cola. Now, the Manzanos are running a profitable business as Coca-Cola distributors. “Even when I had to leave Qatar suddenly because of the lay-offs, I always envisioned that I would head back to work there when things settle. But with Coca-Cola’s Balik Pinas, I have a livelihood that doesn’t take me away from my family as being an OFW had,” said Carlos.  Lito can still remember his first order of 60 cases of Coke products. Now, the Manzano  family business has grown to an average of 4,000 cases a month, just five months after they started—a feat magnified for it being in the middle of a pandemic and strict quarantine measures. The Manzanos have also since invested in routing units to augment their business’s capabilities—a multicab and a tricycle. Since starting his business in 2019, Billy Belleza (left), is now one of the prominent Coca-Cola distributors in his area and has added another mini truck to serve more routes and deliveries. Billy is one of the pioneers of Coca-Cola’s Balik Pinas program. Another Balik Pinas program pioneer member is Billy Belleza who decided to return to the country after working for 20 years in Brunei. “I am really thankful that Coca-Cola reached out to me to be a part of this. They have never failed to present opportunities for me and my business to grow since I decided to take part in the Balik Pinas Program. My sales actually soared this year,” said Belleza, who is also based in Naga City. According to Rivera, Balik Pinas Program was really designed for returning OFWs like Billy, Carlos, and Jazz and their families to set up and run a viable business at home. “With their success and in light of current events, this program was expanded to operate on a national scale, so the company can lend assistance to repatriated OFWs and their families as they weather through new challenges brought on by the pandemic,” Rivera said. Coca-Cola has consistently sought to create programs to support MSMEs, more so now with the COVID-19 pandemic having disrupted countless lives and livelihoods. With programs like Balik Pinas, Coca-Cola remains firm in their commitment to help local communities, contributing to the restart of the national economy—by way of reaching out to Filipinos.  To know more about the program, you may reach Coca-Cola’s contact center at (02)-8813-COKE (2653). For SMART/PLDT users: toll-free number: 1800-1888-COKE (2653); and for GLOBE users: toll-free number: 1800-8888-COKE (2653). You may also contact 0919-160-COKE (2653) via SMS......»»

Category: lifestyleSource:  abscbnRelated NewsOct 24th, 2020

Nespresso sees growth on strong home coffee consumption

The exclusive distributor of Nespresso in the country is eyeing sales growth this year and next year as the pandemic increases consumption of coffee at home......»»

Category: financeSource:  philstarRelated NewsOct 18th, 2020

Amid liquor ban during quarantine, Emperador posts robust foreign sales in H1

Emperador Inc. on Tuesday reported "robust" growth in its international business in the first half, helping temper losses at home after a liquor ban during the quarantine period hurt sales......»»

Category: newsSource:  philstarRelated NewsJul 14th, 2020

CLI posts 41% sales jump in H1

Cebu Landmasters, the listed developer in Visayas and Mindanao, posted a 41 percent growth in sales in the first half of the year to P7.43 billion......»»

Category: financeSource:  philstarRelated NewsJul 8th, 2020

Car importers sustain sales growth but recovery an uphill struggle

Car importers posted another month of sales growth in June, but the road to recovery remains an “uphill struggle” for the industry......»»

Category: financeSource:  philstarRelated NewsJul 19th, 2021

Vehicle sales pick up speed

Local car and truck assemblers’ sales continued to rise, posting double-digit growth year-on-year in June and in the first semester, coming from a low base last year when the coronavirus pandemic greatly affected demand for vehicles......»»

Category: financeSource:  philstarRelated NewsJul 14th, 2021

Low base boosts June car sales to 4-month high

Car sales soared to a 4-month high in June to post another double-digit growth, as low base effects from last year’s pandemic-induced slump continued to bloat the figures......»»

Category: newsSource:  philstarRelated NewsJul 13th, 2021

JCurve Solutions announces strong Q4 financial results, new Chief Growth Officer

JCurve Solutions, a cloud technology solution provider, kicks off its new financial year off the back of a strong sales quarter achieving AUD $4.0 million worth of sales in Q4 FY2021---a 40 percent year-on-year growth from AUD $2.8 million in Q4 FY2020. .....»»

Category: techSource:  thestandardRelated NewsJul 6th, 2021

Recovery of motor vehicle industry fast gaining speed

The recovery of the country’s motor vehicle industry is fast gaining speed as evidenced by the double-digit growth in both output and sales in the five months to May......»»

Category: financeSource:  philstarRelated NewsJul 2nd, 2021

Easing lockdowns bring imported car sales back to growth in May

Public appetite for imported cars returned in May, a hopeful sign that consumer spending is on the mend as lockdowns relax......»»

Category: financeSource:  philstarRelated NewsJun 17th, 2021

Cautious optimism after car sales post double-digit growth in May

Car sales posted a double-digit growth in May, but the auto industry is staying "on guard" amid threats of renewed lockdowns that could snap the fragile rebound......»»

Category: financeSource:  philstarRelated NewsJun 14th, 2021

Motorcycle output, sales up 62% in 4 months

The production and sales of motorcycles and scooters in the Philippines posted double-digit growth in the four months to April from a year ago, when manufacturing facilities and dealerships temporarily suspended operations as lockdowns were enforced in response to the coronavirus pandemic......»»

Category: financeSource:  philstarRelated NewsJun 9th, 2021

SCG posts 14% revenue growth

Revenues of the local unit of Thai conglomerate Siam Cement Group went up by 14 percent in the first quarter from a year ago, showing recovery from the impact of the COVID-19 pandemic......»»

Category: financeSource:  philstarRelated NewsMay 30th, 2021

Imported car sales up 40% from January to April

Sales of imported vehicles rose by 40 percent in the four months to April as all segments registered growth, even as government imposed lockdowns due to the surge in COVID-19 cases and slapped provisional safeguard duties on imported automobiles......»»

Category: financeSource:  philstarRelated NewsMay 19th, 2021

Car makers stick to sales growth goal

Vehicle assemblers are sticking to their 30 percent sales growth forecast this year, but are closely watching any impact the global chip shortage may have on local car sales......»»

Category: financeSource:  philstarRelated NewsMay 10th, 2021

Solar tech company LONGi posts continued revenue, production growth in 2020 despite pandemic

LONGi, the world leading solar technology company, has released its 2020 annual report to shareholders worldwide, showing continued revenue growth and significant increase in global shipments. .....»»

Category: lifestyleSource:  abscbnRelated NewsMay 9th, 2021

Imported vehicle sales nearly double in March

Sales of vehicle importers nearly doubled in March, with all segments posting year-on-year growth, although this was mainly due to a low base effect as a lockdown was first imposed by the government in the same month last year......»»

Category: newsSource:  philstarRelated NewsApr 20th, 2021

Electric co-ops posted 2% growth in sales last year

Sales of electric cooperatives in the country grew 2 percent in 2020, according to the data gathered by the National Electrification Administration......»»

Category: financeSource:  thestandardRelated NewsMar 27th, 2021

PLDT& rsquo;s profit climbs by 8% to P24.3b on record sales

PLDT Inc. said Thursday it expects to sustain growth this year after a “year from hell” brought about by the global pandemic......»»

Category: financeSource:  thestandardRelated NewsMar 5th, 2021