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PHILIPPINES - San Miguel Corporation (SMC)’s first quarter net profit for 2016 jumped 122% year-on-year to US$289.14 million (P13.5 billion), citing robust food, beverage and packaging businesses, as well as higher revenues from its power and infrastructure units.
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VIETNAM – Saigon Beer, Alcohol and Beverage Corporation (Sabeco), Vietnam’s largest beer producer, intends to sell 53% of its shares in a single tranche.
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MALAYSIA - Fraser & Neave Limited (F&N) is investing over US$51.25 million (RM210 million) to expand production capacity and fuel business growth in Malaysia.
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VIETNAM – Vietnamese dairy giant Vinamilk has decided to remove its 49% foreign ownership cap, a move expected to generate interest from overseas investors in a company valued at US$7.85 billion.
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CHINA - Chinese consumers will now be able to purchase a range of Mondelēz International products, including Oreo, Chips Ahoy!, belVita, Toblerone, Cadbury and Trident, through its flagship store on Alibaba’s Tmall.com platform, following the signing of a strategic e-commerce partnership between Mondelēz International and the Alibaba Group.
Packaging Supply Chain news from the Asia Pacific
