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RFM’s profits up 10%; CEO warns of trucking, port congestion woes

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RFM Corp. grew its net profit by 10 percent year-on-year in the first nine months of 2014 to P578 million but the food-and-beverage company warned that local industries were still grappling with constraints arising from trucking problems and port congestion.

Posted: November 3rd, 2014 in Latest Business Stories | Read More »

Fiftea stems tide of competition

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Food fads come and go. Of late, more and more Filipinos have been obsessing about milk tea, which is seen as a healthier alternative to coffee.

Posted: October 24th, 2014 in Headlines,Inquirer Features | Read More »

URC, Danone sign joint venture to manufacture beverages in PH

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SCREENGRAB from www2.urc.com.ph

Gokongwei-led Universal Robina Corp. has entered into a partnership with the European food and beverage manufacturer Danone to set up a beverage production and distribution business in the Philippines.

Posted: October 23rd, 2014 in Latest Business Stories | Read More »

JG Summit’s net profit grew by 151% to P13B in 1st half of 2014

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SCREENGRAB from www.jgsummit.com.ph

Gokongwei-led JG Summit Holdings Inc. jacked up its first semester net profit by 151.3 percent year-on-year to P13 billion as extraordinary items added to the growth in core earnings.

Posted: August 14th, 2014 in Latest Business Stories | Read More »

ARC invests on brand new Mitsubishi and Fuso vehicles

From left to right:  Mr. Gerry Garcia (EVP and COO, ARC) and Mr. Junya Masuda (EVP Marketing, MMPC).

ARC Refreshments Corp. (ARC) recently purchased a fleet of brand new Fuso trucks and L200 Single Cab from Mitsubishi Motors Phils. Corp. (MMPC). ARC is a Filipino owned company engaged in the beverage business. Exclusive license to manufacture and distribute RC Cola was awarded by RC Cola USA to ARC. Other brands that ARC carries are Fruit Soda Orange, Juicy Lemon and Arcy’s Rootbeer.

Posted: June 17th, 2014 in Latest Business Stories,Motoring | Read More »

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