beverages, bottles, shelf

Pepsi PH bottling capacity up 30% via new plant in Batangas

Beverage-maker Pepsi-Cola Products Philippines Inc. has expanded its bottling capacity, adopted digital platforms and accelerated sustainability initiatives amid a challenging environment caused by the prolonged pandemic. “ When most companies feared to move forward, PCPPI chose to make big moves and transform,” company president and CEO Frederick Ong said during PCCPI’s recent stockholders’ meeting. PCPPI,…

storm, squall line, dark

Rockwell roars back, H1 earnings beat 2020 level

Upscale property developer Rockwell Land has seen earnings in the first six months exceed full 2020 level, riding on a resilient high-end residential property market during this prolonged COVID-19 pandemic. Building on this momentum, Rockwell is set to bring to the property market about worth of fresh property inventory this year, including two flagship projects…

entrepreneur, idea, competence

Kickstart intensifies hunt for elusive ‘unicorn’

Ayala group-backed corporate venture capital firm Kickstart Ventures has intensified its hunt for future “unicorns” here and abroad notwithstanding a prolonged COVID-19 pandemic, making use of a fresh fund to help bankroll early-stage to growth-stage tech startups. Kickstart, a wholly owned subsidiary of Globe Telecoms, is scouting for innovative companies with compelling, credible and scalable…

wallet, digital, mouse

Paymaya operator secures P8B to fund digital bank dream

The privately held technology company behind the PayMaya mobile wallet successfully raised , or over P8 billion, to fund its expansion and an upcoming digital bank. Voyager Innovations said on Monday the money came from existing investors PLDT Inc., China’s Tencent, global investment firm KKR and the International Finance Corp., through IFC Financial Institutions Growth…

ham, smoke, bacon

Gov’t sees green shoots of recovery

High inflation seen persisting throughout the year and vaccine hesitancy may slow the Philippines’ economic recovery, but the government is still confident that rebound from the pandemic-induced recession is just around the corner. In an economic bulletin Monday, Department of Finance (DOF) Undersecretary and chief economist Gil Beltran noted the 20.7-percent growth in total external…

Jollibee, McDonald’s serve up vaccination model for PH

When the Group president of Jollibee Foods Corp. and managing director of McDonald’s Philippines set aside their companies’ fierce rivalry in the fast-food sector in favor of pooling their expertise and resources to pursue a common goal for the Philippines, good things will likely happen. Among these is the acceleration of the government’s COVID-19 vaccination…

Taking advantage of opportunities in manufacturing

Over half of the Philippine’s industrial sector is in manufacturing and the industry contributes to almost a quarter of the country’s gross domestic product. The industry also promotes stronger inter-industry and inter-sectoral linkages, productivity, technological development and innovation. Keeping all these factors in mind, the Philippines is fast-forwarding the manufacturing industry’s pace toward a more…

CLI builds 100-unit Cebu City condo for informal settlers

Property developer Cebu Landmasters Inc. (CLI) will donate to the government of Cebu City a 100-unit medium-rise socialized residential condominium complex to shelter informal settlers who need to be evacuated from calamity-prone areas. The five-story residential project, valued at , will serve as transition housing for informal settlers near rivers, creeks, seas and other danger…