Corporate

The Philippine Competition Commission (PCC) has cleared Metro Pacific Agro Ventures Inc.’s takeover of Franklin Baker Company of the Philippines, paving the way for a major consolidation in the country’s coconut industry.

Tanduay, one of the Philippines’ most awarded rum brands, is expanding its European footprint with a new distribution partnership in Denmark, strengthening its push into premium spirits markets across the region.

Figaro Culinary Group is deepening its long-term growth play as it ramps up operations of Figaro Innovation and Development Inc. (FIDI), a wholly owned subsidiary designed to expand the Group’s food product pipeline, strengthen manufacturing capabilities, and lay the groundwork for future export markets.

MREIT, Inc., the real estate investment trust of Megaworld Corp., is expanding its footprint after its board approved the infusion of nine Grade A office buildings through a property-for-share swap valued at P16.22 billion.

Advanced Media Broadcasting System Inc. (AMBS) will begin airing ABS-CBN’s Kapamilya Channel on ALLTV starting January 2 next year, following TV5’s decision to end its content partnership with ABS-CBN on the same date.