TODAY'S BUSINESS HEADLINES

PH stock market falls in thin trading ahead of PNoy's SONA 28-Jul-14, 4:49 PM | Krista Angela M. Montealegre, InterAksyon.com

Holcim Philippines' 2Q earnings growth lags revenue, as power costs offset strong sales 28-Jul-14, 4:03 PM | Krista Angela M. Montealegre, InterAksyon.com

Meralco reports weak demand in 1H, expects 'Glenda' to soften 3Q results 28-Jul-14, 3:45 PM | Euan Paulo C. Añonuevo, InterAksyon.com

Gov't reverts to budget deficit in June as spending surges 28-Jul-14, 11:23 AM | InterAksyon.com

Absence of trading gains pulls down BDO's 6-month net income 28-Jul-14, 10:36 AM | Krista Angela M. Montealegre, InterAksyon.com

Japan's Family Mart firms up Philippine investment

Family Mart president Junji Ueda shakes hands with PNoy.

InterAksyon.com means BUSINESS

MANILA - Executives of the world's second largest convenience store chain on Wednesday called on President Benigno Aquino III to firm up their investment in the Philippines.

Family Mart Ltd president Junji Ueda led the party, which included managing director Masaaki Kosaka and Itochu Corp Manila general manager Kenichi Hisatomi.

The courtesy call comes a month after Ayala Land Inc and the Rustan's Group announced that they had tied up to bring Family Mart to the Philippines in a bid to shake up a market divided between 7-Eleven and Mini Stop.

Family Mart has over 20,000 stores in Japan, Taiwan, South Korea, Thailand, China, the United States, Vietnam and Indonesia. Itochu is Family Mart's largest shareholder. Both companies are listed in the Tokyo Stock Exchange.

 

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