The state-run pension fund Social Security System (SSS) may finally push through with its planned offshore investments next year once it’s no longer pressured to disburse more benefits to members and pensioners badly hit by the COVID-19 pandemic. “Right now, we are trying to study the environment. Definitely, we’re looking at global bonds, global equities,…
From a humble trading business that the late tycoon John Gokongwei ran on his bicycle 65 years ago, Universal Robina Corp. has grown into one of the country’s largest food and beverage companies with market leadership in various product lines including candies, chocolates and read-to-drink tea and strong market positioning in instant noodles and powdered…
Philippine food and beverage makers Century Pacific Food Inc. (CNPF) and RFM Corp. landed on Forbes Asia magazine’s “2021 Best Under A Billion” list of 200 top-performing publicly listed small and mid-sized companies in the Asia-Pacific region. The roster highlights companies with less than $1 billion in revenues and consistent in terms of top- and…
One of the country’s largest electricity producers—one that is heavily reliant on coal—surprised market watchers recently by announcing a strategic shift away from the cheap but environmentally damaging power source. At the same time, San Miguel Corp. (SMC) said it would be adding renewable energy to its power portfolio, using technologies that would significantly cut…