Coca-Cola Europacific Partners (CCEP) has, together with Aboitiz Equity Ventures, entered into a Letter of Intent to jointly acquire Coca-Cola Beverages Philippines from The Coca-Cola Company.
Philippines cocoa and chocolate firm Cacao Culture is riding the rising consumer demand for healthier products to draw younger consumers to the traditional local drink tablea, also dubbed the ‘healthiest form of hot chocolate available’.
Philippines-based coffee firm Varacco is looking to give instant coffee makers a run for their money with their patented ‘dip’ coffee products, which boasts the benefits of pure coffee with added convenience.
Vietnamese dairy giant Vietnam Dairy Products JSC (Vinamilk) has partnered with Del Monte Philippines Inc. (DMPI) on a joint venture in the Philippines.
Importer and distributor SandBox has signed exclusive distribution agreements with Filipino brands including Pacquiao coffee and Oh So Healthy snacks to launch products in the UAE and GCC region.
Philippines-based craft distillery Full Circle Distillers says it is ready to tap into post-COVID-19 growth banking on its localised offerings and new sales channels established during the pandemic.
The Philippines is considering implementing higher sugar taxes as well as new taxes on ‘junk food’ high in sodium and trans fat to offset the costs incurred by the COVID-19 pandemic outbreak this year.
Distilled coconut liquor spiked with methanol in the Philippines was responsible for 11 deaths and caused illness in 300 more, reported national newspaper Phil Star.
The Philippines Senate panel has recommended that a bill to increase taxes on alcohol and other ‘sin’ products under Phase 2 of the controversial TRAIN law be passed, amidst government lauding of the first phase’s success.
FrieslandCampina Kievit says there is ‘tremendous opportunity’ for innovation in categories such as instant coffee, iced coffee and milk tea in the Philippines: opening its new ‘Innovation Kitchen’ in Manila to explore the possibilities.
San Miguel Food and Beverage (SMFB) will plough resources into building new company-owned production facilities in the Philippines in an effort to tramp-up production and help boost exports.
Philippine conglomerate San Miguel revealed that it is preparing to sell a 20% stake in its food and beverage business unit, valued at around $1.7bn, on the same day it posted promising half-year figures.
The Philippines' Department of Trade and Industry (DTI) has announced that health warnings may soon be placed on sugar-sweetened beverages (SSBs), within the next one to two months.
Industry heads are resigned to the fate of their segment’s official promoter, which the Philippines president recently vowed to close in a bid to streamline government and curb corruption.
Nestlé’s Philippines operation is investing PHP2bn (US$43m) in a new plant south of Manila to manufacture a key ingredient for its popular Milo fortified chocolate drink.
The tax levied on alcohol imports in the Philippines breaks global free trade rules, according to a new report from the World Trade Organisation (WTO).
San Miguel Corporation (SMC), Southeast Asia's largest food and
drinks manufacturer yesterday announced plans to diversify into
mining, power, infrastructure and property to boost growth.
San Miguel, the Philippines biggest food and beverage producer,
said on Friday that it has not yet reached a deal deciding the
future ownership of its bottling joint venture with Coca-Cola.
In a move emphasising the flight of many food manufacturers out of
the UK, Heinz has decided to move production of the HP Sauce brand
to Holland from its plant in Birmingham.
San Miguel says it is looking to expand its food and beverage
business outside of the Asian market, building on moves introduced
earlier this year to extend its business beyond the domestic market
and into Asia. Simon Pitman reports.
Philippines-based company PCI Worldwide is investing P27.6 million
(€400,000) into the production and export of carrageenan, a gum
that is derived from red seaweed and is commonly used as an
additive in the food industry.
