News: Aboitiz to buy 40% of Coca-Cola PH

Wednesday, August 2, 2023

Aboitiz to buy 40% of Coca-Cola PH

August 3, 2023

The Aboitiz family conglomerate is teaming up with Coca-Cola Europacific Partners PLC (CCEP) to jointly buy domestic beverage giant Coca-Cola Philippines for $1.8 billion (P100 billion).

By Miguel R. Camus

Ayala Land profit up 41% despite high pricing woes

Property giant Ayala Land Inc. closed the first semester of the year with robust earnings, defying earlier concerns of a slowdown given the high interest rate environment. Ayala Land, part of the Zobel family conglomerate Ayala Corp., said net income from January to June jumped 41 percent to P11.4 billion versus the same period in 2022, a statement on Wednesday showed.

By Miguel R. Camus

What to say when employees err

First, control your emotions. It is natural to get mad when profits are lost because of repeated negligence, but getting mad does not make employees perform better—it makes them resent you.

By Queena N. Lee-Chua

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BIZ BUZZ

Flooded NLEx, bad for economy

Thousands of motorists have been inconvenienced by the flooding of a short section of the North Luzon Expressway (NLEx) in recent days brought about the rains that have been falling intermittently for almost two weeks.

By Daxim L. Lucas

INQUIRER PLUS-EXCLUSIVE

PH eyes $30-M infusion into SG-based satellite firm

The investment arm of the Department of Trade and Industry (DTI) is planning to invest $30 million in Singapore-based Kacific Broadband Satellites Group (Kacific) in exchange for shares in the company and a sizeable stake in the latter's second satellite slated for launch in 2035.

By Alden M. Monzon

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