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Hotel101 signs merger deal
Hotel101 signs merger deal.....»»
Landbank-DBP merger not pushing through – Recto
The planned legal merger of the Land Bank of the Philippines and the Development Bank of the Philippines is no longer pushing through as Finance Secretary Ralph Recto deviates yet again from his predecessor......»»
‘Imports, SRA made future worse for RHI unit’
Sugar and ethanol producer Roxas Holdings Inc. (RHI) took a major hit as increased imports and an alleged instruction from the government to stop refining led to the closure of its wholly owned subsidiary......»»
Sugar Council lauds Sen. Marcos for stand vs sugar importation
Sugar Council lauds Sen. Marcos for stand vs sugar importation.....»»
200,000-MT sugar importation needed to prevent shortage – group
A producers’ group yesterday underscored the need to import 200,000 metric tons (MT) of sugar to prevent shortage in supply as it confirmed that sugarcane plantations in Negros have been severely damaged by El Niño......»»
Raw sugar output highest in 3 years
Local raw sugar production in the current crop year expanded to 1.86 million metric tons (MT), surpassing the previous crop year’s entire output, due to more sugarcane milled and better sweetener content......»»
Export of raw sugar to US planned by mid-year
The Sugar Regulatory Administration has started the preparatory work for the country’s export of raw sugar to the US as early as the middle of the year......»»
RHI widens net loss to P360 million
The attributable net loss of sugar and ethanol producer Roxas Holdings Inc. (RHI) in the first quarter of its current fiscal year widened to nearly P360 million as revenues plummeted due to stoppage of its sugar and bioethanol businesses......»»
Philippines gets 25,000 MT US sugar allocation
Washington has given Manila the green light to export 25,300 metric tons raw value of raw sugar to the US at lower tariff rates, the US Trade Representative announced recently......»»
Sugar trail in Panay, Negros eyes inclusion in World Heritage List
Sugar trail in Panay, Negros eyes inclusion in World Heritage List.....»»
Calle Real joins Western Visayas Sugar Heritage Trail vying for Unesco World Heritage
Calle Real joins Western Visayas Sugar Heritage Trail vying for Unesco World Heritage.....»»
A 97-year-old Philippine company closes down
Sugar refiner Central Azucarera Don Pedro in Nasugbu, Batangas, terminates all its employees, saying 'increased sugar importation' by the government in the past years hurt its operations. Thousands of sugarcane planters and field workers are affected......»»
‘Sugar Council embodiment of unity’
‘Sugar Council embodiment of unity’.....»»
INDUSTRY LEADERS CONVENE | DA, SRA, stakeholders discuss plan to buy sugar from local farmers
INDUSTRY LEADERS CONVENE | DA, SRA, stakeholders discuss plan to buy sugar from local farmers.....»»
Universal Robina FY23 profit: P12.8-B (down 12%)
Universal Robina, the Gokongwei Family’s consumer foods manufacturer, posted an FY23 net income of P12.8 billion, which was down 12% from FY22’s P13.6 billion which URC said was a “high base” due to the gains recognized on the sale of land......»»
URC income down in 2023
Gokongwei-led snack foods giant Universal Robina Corp. saw its net income decline in 2023 despite maintaining strong sales......»»
PCC, Australia’s competition authority ink MOU to boost cooperation
The Philippine Competition Commission has tied up with the Australia Competition and Consumer Commission as part of initiatives to step up competition law enforcement......»»
CLI secures PCC approval for JV with Singapore builder
Property developer Cebu Landmasters Inc. has received approval from the antitrust body to proceed with its joint venture with a Singapore-based builder for the construction of high-end residences in Cebu City......»»
First power privatization under President Marcosgets PCC nod
The country’s antitrust agency has cleared the first power privatization project under the Marcos administration as the deal is unlikely to reduce competition in the market......»»
PCC clears Aboitiz purchase of local Coca-Cola company
The Philippine Competition Commission has cleared the Aboitiz Group’s acquisition of Coca-Cola Beverages Philippines Inc., paving way for the closing of the transaction by the end of the month......»»