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Jollibee invests $28 million in beverage tech firm
Filipino-owned Asian food conglomerate Jollibee Foods Corp. is investing $28 million for a 10 percent stake in beverage technology company Botrista Inc. to support the growth of its coffee and tea business......»»
F& B firms post strong earnings in January-March
Food and beverage firms led by Ramon Ang and the Po family recorded strong first quarter results on the back of higher sales for the period......»»
Gokongwei anchor firms RLC, URC post strong Q1 earnings
The property development arm and the food and beverage unit of the Gokongwei Group posted robust earnings in the first quarter as sales improved across all their business divisions......»»
Leviste to acquire 71% stake in Roxas Holdings for P5 billion from MVP
Solar energy trailblazer Leandro Leviste, through Countryside Investment Holdings Corp., is set to acquire a controlling 71.6% stake in Roxas Holdings Inc. from Hong Kong’s First Pacific Co. Ltd. .....»»
MREIT to acquire P13.15-B in office buildings through share swap
MREIT announced that it has applied to the SEC to approve a property-for-share swap transaction with its parent company, Megaworld, where MREIT will acquire six “Grade A buildings” from MEG in exchange for 926,162,000 primary MREIT shares......»»
Monde Nissin earns 53 percent more in 3 months
Core earnings of snack food giant Monde Nissin Corp. grew by more than half in the first quarter due to a record performance of its Asia-Pacific branded food and beverage (APAC BFB) business......»»
CNPF to expand capacity after new deal with Vita Coco
Century Pacific Food Inc., the Po family’s listed food and beverage firm, is poised to invest $40 million to expand its capacity after securing a fresh long-term contract with US-headquartered The Vita Coco Co. Inc......»»
Century Pacific expands RE initiatives
Century Pacific Food Inc., the listed food and beverage company of the Po family, is expanding its renewable energy initiatives......»»
Philippine food firms’ sales hit $133 million in Dubai fair
Philippine food companies generated $133 million worth of export sales from a food trade show held in Dubai last month, according to the Center for International Trade Expositions and Missions......»»
Pascual lauds Citem’s international food expo spotlighting Filipino food manufacturers
Pascual lauds Citem’s international food expo spotlighting Filipino food manufacturers.....»»
CVIRAA 2024: Samsam urges probe into ‘spoiled food’ for Talisay delegates
LAPU-LAPU CITY, Cebu — Talisay City Mayor Gerald Anthony “Samsam” Gullas is urging the Department of Education (DepEd) in Talisay City to investigate reports that one of their delegates to the Central Visayas Regional Athletic Association (CVIRAA) was served spoiled food. Apart from the spoiled food, the mayor has also received complaints about frozen food.....»»
Dyowa ni Selena Gomez binengga nang okrayin ang Pinoy fast food chain
BUGBOG-SARADO ang American record producer na si Benny Blanco sa mga netizens matapos mag-viral ang pambabarubal nito sa isang Pinoy fast food chain. Pinutakti ng hate comments si Benny dahil sa hindi makatarungang pagre-review nito sa food and drinks mula sa sikat na fast food dito sa Pilipinas. Napanood din namin ang TikTok video ng.....»»
Lab-grown proteins, edible containers, and other food innovations we’ll eat in 2024
San Miguel Foods Culinary Center recently presented “Food Forward: A Taste of 2024 Food Trends” hosted by Paolo Abrera and chef Llena Tan-Arcenas, who saw these trends at the 2023 Thailand Food Expo, as well as from SMFCC’s research and observations......»»
Capital One to Acquire Discover for $35 Billion in Merger of Major US Credit Card Companies
Capital One Financial has announced plans to purchase Discover Financial Services in a landmark deal valued at $35 billion. The acquisition, which will be an.....»»
Public school students get the boardroom experience
RFM Corp. chairman, president and CEO Joey Concepcion welcomed into the boardroom of the food and beverage giant students from the Raja Soliman Science High School and Rizal High School last May 10 as part of a unique, immersive learning experience on entrepreneurship and business leadership......»»
Partners in the hospitality industry
Travel, tourism, lodging, recreation, food and beverage are all partners in the hospitality industry, and sales and marketing is a very important component that drives and ensures the growth and success of the sector......»»
Fruitas earnings soar in 2023
Listed food and beverage retail operator Fruitas Holdings Inc. saw its earnings soar in 2023 on the back of all-time high annual revenues......»»
CNPF net income up by 12 percent in 2023
Century Pacific Food Inc., the Po family’s listed food and beverage firm, overcame headwinds from inflationary environment last year to finish with a double-digit profit growth, driven by a strong performance of its branded business......»»
SMC’s F& B unit nets record P38 billion in 2023
The food and beverage unit of San Miguel Corp. reached new heights in 2023 as it raked in an all-time high profit of P38.1 billion, with all segments clocking in growth......»»
Rama plans to redesign CBRT bus station at Capitol for heritage preservation
CEBU CITY, Philippines – The Cebu Bus Rapid Transit (CBRT) project is facing delays, and the mayor’s new plans might make it take even longer. Mayor Michael Rama wants to remove the planned bus station near the Capitol building because it doesn’t fit with the area’s heritage. He plans to replace it with a new.....»»