URC exits China market to redeploy resources to higher-growth markets
Universal Robina Corp., the food manufacturing arm of the Gokongwei Group, said Friday it has decided to exit the Chinese market, stopping its manufacturing and sale of its cereals and snacks brands in China. Full closure is expected by 2025.URC said the move is part of its broader strategy to redeploy resources to higher-growth markets across the region.
Meralco halfway through power line relocation in conflict with new rail line installations
The Department of Transportation (DOTr) has widened its collaboration with Meralco to speed up the relocation of power facilities affected by the pursuit of various rail projects.
Carlyle Group unit expands PH operations
Hexaware Technologies, an IT services and solutions provider owned by the Carlyle Group, has expanded its operations in the Philippines with the opening of a new delivery center in Manila.
DigiCo acquires Multipay from Multisys for P250 million
DigiCo, formerly known as Limitless Growth Ventures Inc., has acquired Multipay from Multisys Technologies Corp. for P250 million.
DA mulls local production of FMD vaccine
Agriculture Secretary Francisco P. Tiu Laurel, Jr. has created a technical working group studying the feasibility of manufacturing foot-and-mouth disease (FMD) vaccines in the Philippines.
