San Miguel And Kuok In Commercial Food Security Investment

July 2008 | Company Finance Alert

Philippines food and beverage giant San Miguel Corporation (SMC) has joined forces with Malaysian food major Kuok Group to pledge US$1bn worth of investment into the Philippines' struggling agribusiness industry. The two conglomerates have reportedly signed a Memorandum of Understanding with the government, which will see them plant rice, corn, sugar and vegetables on 1mn ha of unused state-owned

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