Farm output expands by 3.3%
By Riza T. OlchondraPhilippine agricultural production expanded 3.3 percent in the first three months of 2013 with all four subsectors—crops, fishery, poultry, livestock—posting growth.
Philippine agricultural production expanded 3.3 percent in the first three months of 2013 with all four subsectors—crops, fishery, poultry, livestock—posting growth.
Cosco Capital, the conglomerate led by grocery and logistics magnate Lucio Co, is planning a follow-on equity offering worth as much as $500 million to attain a twin goal of widening its public float and boosting funds for expansion.
Independent player Jetti Petroleum has set aside at least P100 million to further expand its retail network to a total of 120 gas stations by yearend.
British American Tobacco’s Philippine unit has doubled its yearly purchase of local tobacco leaves to 3.6 million kilograms as the company strives for a firmer foothold in the domestic market.
National Bookstore Inc. of the Ramos family may open up to 15 new branches this year as it anticipates sustained demand for its products, Adrian Ramos yesterday told reporters.
Residential property developer SM Development Corp. unveiled on Wednesday a P71-billion three-year expansion program and a top management change, as it affirmed its upbeat outlook on the affordable residential property segment of the sector.
Banking on the rising affluence of the Philippines’ middle class, Japanese retailing giant FamilyMart Co. Ltd. unveiled Monday an aggressive expansion program that will see the convenience store chain open up to 40 new stores around Metro Manila this year.
Conglomerate Ayala Corp. is studying investment opportunities in Burma (Myanmar)—considered to be Southeast Asia’s last frontier—particularly in the fields of telecommunications, real estate and banking, as part of its regional expansion thrust.
Universal Robina Corp., which manufactures the popular Jack ‘n Jill-branded snacks and C2 iced tea, is preparing to expand to Myanmar as it continues to widen its reach in the region to complement its booming domestic business.
Metrobank has secured the approval of its shareholders to double its authorized capital stock to P100 billion to fuel the bank’s expansion plans.
The government is set to start work on the expansion of the passenger terminal at the Clark International Airport in Pampanga, the country’s fastest growing airport. Clark International Airport Corp. (CIAC) president and CEO Vic Luciano said the Department of Transportation and Communications had finally approved the budget for the expansion of Clark’s terminal [...]
New York Stock Exchange-listed technology firm Emerson Electric Co. is investing $50 million in the country for the expansion of its in-house outsourcing operations that support the company’s $24-billion-a-year global operations.
