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PH alcohol manufacturers appeal for fairness as solons debate on 'sin tax' hike

ABS-CBN News
Posted at Aug 31 12:03 AM

Philippine manufacturers of alcoholic beverages appeal for fairness as lawmakers continue to work on a proposal seeking to raise so-called "sin taxes." Read more »

Sin tax reform part of gov't's 'fiscal responsibility' for stable investment funding: DOF

ABS-CBN News
Posted at May 28 09:44 PM

The sin tax reform, which seeks to raise excise taxes for alcoholic beverages and tobacco, will help cover the funding gap for the Universal Healthcare law that will be fully implemented by 2020, Finance assistant secretary Tony Lambino told DZMM radio. Read more »

People love coffee and beer for the buzz, not the taste: study

Issam Ahmed, Agence France-Presse
Updated as of May 03 05:29 AM

WASHINGTON, United States - Fancy yourself a coffee connoisseur with a love for dark roasts? Or maybe hoppy pale ales are more your thing? Read more »

San Miguel Corp's 2018 revenues hit P1 trillion

ABS-CBN News
Posted at Mar 14 06:30 PM

 San Miguel Corporation said on Thursday it posted P1.02 trillion in revenues in 2018 amid strong performances from its food, beverage, packaging, fuels and petrochemicals, power and infrastructure units.  Read more »

Philippine taxes on sugary drinks could avert thousands of deaths: WHO study

Reuters
Posted at Dec 06 07:38 AM

The Philippines could avert 24,000 premature deaths linked to diseases such as diabetes, stroke and heart failure in the next 2 decades after it adopted taxes on sugar-sweetened beverages, the World Health Organization (WHO) said on Wednesday.   Read more »

Elon Musk's 'Teslaquila' drink faces clash with Mexican tequila industry

Sharay Angulo, Reuters
Posted at Nov 14 10:00 AM

Tesla Inc co-founder Elon Musk and Mexico's tequila producers could be headed for a collision after the agave-based drink's industry group opposed the flamboyant billionaire's efforts to trademark an alcoholic drink dubbed "Teslaquila." Read more »

San Miguel unaffected by inflation, Ang says

Michelle Ong, ABS-CBN News
Updated as of Nov 12 11:45 AM

San Miguel, which raised P39 billion from the sale of new shares, will add 20 million hectoliters to its current capacity of 22 million hectoliters, Ang told reporters. Read more »

The best snack attack box

Marilen Fontanilla
Updated as of Nov 03 07:16 AM

Bacchus Epicerie has the answer to impulsive cravings that demand premium satisfaction Read more »

San Miguel Purefoods to raise P142.8 billion from share sale

ABS-CBN News
Posted at Aug 23 10:08 AM

San Miguel Food and Beverage plans to sell 887,000,000 common shares, with an over allotment 133,050,000 shares at P140 apiece. The shares are held by its parent, San Miguel Corp, SMC told the stock exchange. Read more »

Coca-Cola takes stake in Kobe Bryant-backed sports drink

Agence France-Presse
Posted at Aug 15 08:22 AM

Coca-Cola has taken a stake in BodyArmor, a sports drink supported by Kobe Bryant, in the soda giant's latest bid to challenge market leader Gatorade, the two companies announced Tuesday. Read more »

Filipino restaurants need prime spots in malls: Adobo Connection

ABS-CBN News
Updated as of Jul 25 10:58 AM

The ground floors, entrances and exits that are frequented by mall goers are usually occupied by global brands such as Tim Ho Wan and Din Tai Fung, said Adobo Connection managing director and co-founder Meredith Ngo. Read more »

Magnolia denies engaging in labor-only contracting

ABS-CBN News
Posted at May 30 07:49 PM

Magnolia Inc. said it complies with labor laws.  Read more »

7-Eleven, small stores report sales hit due to sugary drinks tax

Warren de Guzman, ABS-CBN News
Posted at Mar 19 04:08 PM

Higher excise taxes on sugar-sweetened drinks reduced soft drink sales at 7-Eleven stores in the Philippines by around 10 percent, its operator said Monday. Read more »

Coca-Cola to launch its first alcoholic drink in Japan

Agence France-Presse
Posted at Mar 08 08:52 AM

Coca-Cola plans to launch its first ever alcoholic drink in Japan, in a suprising departure for a US company identified with cola and other non-alcoholic beverages.   Read more »

Homegrown distillery eyes tropical flavors for global reach

Jessica Fenol, ABS-CBN News
Updated as of Jan 30 06:23 AM

One of the Philippines' top distilleries said Monday it aims to expand its global reach through flavored liquors such as mango and calamansi that appeal to foreigners. Read more »

SMC gets approval to make Purefoods its food, beverage holding company

ABS-CBN News
Updated as of Jan 19 08:29 AM

There was some drama at Purefoods' special shareholders meeting as it sought approval to become the food and beverage holding company of the San Miguel group. Read more »

Groups doubt poor to get cushion from tax effects

Michelle Ong, ABS-CBN News
Posted at Jan 08 12:45 PM

A private think-tank and an employer's group on Monday cast doubt on the sufficiency of mitigation measures to shield the poor from the impact of tax reform. Read more »

'Unlimited' soda stops flowing at retailer after new taxes

ABS-CBN News
Posted at Jan 03 12:30 PM

Membership shopping chain S&R appeared to have stopped selling soda in "unlimited" quantities as the government implemented higher excise taxes on sugar-sweetened drinks. Read more »

Old inventory free from sugary drinks tax, DTI says

ABS-CBN News
Updated as of Jun 26 12:59 PM

Old inventory of sugar-sweetened drinks should not be sold with excise taxes that took effect at the start of the year, Trade Secretary Ramon Lopez said Wednesday. Read more »

Vietnam to name buyer of Saigon Beer stake

Mai Nguyen and Anshuman Daga, Reuters
Posted at Dec 17 02:43 PM

Vietnam is set to auction an up to $5 billion stake in top brewer Sabeco on Monday, with Thai Beverage the only potential bidder to have expressed interest in a majority stake. Read more »