Filipino businessmen, buoyed by excess
cash and soaring profits brought by a continuing economic boom during
the Aquino administration are following suit as reported by AFP.
Prominent among them is real estate magnate Andrew Tan who is adding to
his “spirits” business by acquiring Whyte and Mackay of Scotland and
part of Bodega Las Copas of Spain. Monde Nissin owned by low profile
entrepreneur Betty Ang has stretched its local instant noodle business
to gobble up the fruit juice brand Nudie and chilled dips manufacturer
Black Swan from Australia as well as British meat substitute
manufacturer Quorn.
Read more at http://www.mb.com.ph/philippine-business-going-global/#QPUoDagFiyG8Sp8U.99
Read more at http://www.mb.com.ph/philippine-business-going-global/#QPUoDagFiyG8Sp8U.99