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.
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.
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.
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.
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.