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The Department of Agrarian Reform (DAR) Regional Office Caraga conducted a 2-day Regionwide Partnership Against Hunger and Poverty (PAHP) Re-Orientation and Kumustahan Session cum Awarding Ceremony at Almont Inland Hotel, Butuan City on July 9-10, 2024.
MANILA, Philippines — The Food and Drug Administration (FDA) yesterday warned the public against the purchase and consumption of an unregistered brand of hotdog being sold in the market.
MANILA, Philippines — “K-beauty is one of the most prominent visual manifestations of the Korean Wave,” the book “Hallyu!,” edited by Rosalie Kim, reads.
MANILA, Philippines — Two Samurai Iron Chefs from Japan recently took over the kitchen of a Japanese restaurant in Manila.
MANILA, Philippines — The retail price of tomatoes further increased by P20 to a high of P200 per kilo despite assurances from the Department of Agriculture (DA) that it will go down in two weeks.
MANILA, Philippines — A Chinese and a Chinese-American, both associated with the medical device industry, have been kidnapped for ransom and killed.
Jollibee [JFC 226.20, up 0.4%; 12% avgVol] [link] will acquire South Korean coffee leader Compose Coffee Company (CCC) for $238 million (~P14 billion), in a deal that pegs CCC’s enterprise value at approximately $340 million (~P20 billion). Jollibee Worldwide will own a 70% stake in CCC, with Elevation Equity taking a 25% stake, and JFC’s Titan Fund II taking the remaining 5%. CCC has 2,470 franchised stores and a “debt-free balance sheet”. JFC said that CCC will be consolidated into its financials “immediately upon completion of the acquisition”; it estimates CCC’s inclusion to “uplift” revenues by 2% and push its total store count closer to its 10,000-store goal. According to JFC, South Korea “ranks 3rd globally in terms of coffee consumption per capita.”
BAGUIO CITY — Power consumers in Baguio City and Benguet province will enjoy lower electricity rates this July.