New chairman maps out plans for San Miguel
Article Abstract:
San Miguel Corp.'s new chairman, Eduardo Cojuangco, has presented his key strategies to boost the company's profits during his first day on the job. Those strategies include cutting debts, selling some foreign holdings and forging more partnerships in the food-and-packaging business. Cojuangco, who replaced Andres Soriano III, expressed his desire to restore the company's solid financial health, which has been declining in recent years due to a number of factors such as the currency crisis in Asia, the company's heavy debt burden and weak demands for beer, the core product of the largest food and beverage conglomerate in the Philippines.
Comment:
Its new chairman, Eduardo Cojuangco, presents his key strategies to boost the company's profits during his first day on the job
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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Doosan plan poses challenges: Interbrew venture is a facet of restructuring
Article Abstract:
Investment advisers have criticized Doosan Beverage's restructuring plans while remaining skeptical of the success of company's joint venture with Interbrew. Doosan 's spinoff to create Oriental Brewery has been criticized as a lumping together of too many unrelated businesses so that it cannot be rightly called restructuring. The success of the Interbrew venture meanwhile, remains questionable as parties have not yet reached an agreement on price and that obstacles remain for Doosan.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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San Miguel's future cloudy: First Pacific ends talks to boost stake in group
Article Abstract:
Hong Kong-based First Pacific withdrew its plan to acquire a major shareholding in Philippine-based San Miguel Corp following uncertainties mired by the upcoming presidential election in May 1998. Despite the collapse of talks, stockmarkets in Hong Kong and Manila grew, making First Pacific and San Miguel's shares increase by 26% and 13%, respectively.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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Comment about this article or add new information about this topic:
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