Co-founder & Managing Director, Marketnomix 

Rajan Govil

Co-founder & Managing Director

Marketnomix 

Macroeconomics

<p>Philippines imports came in stronger than expected rising 11.7% y-o-y in March compared to a 5.6% y-o-y decline in February. Exports data which had been released a few weeks ago had seen a decline of 15.1% y-o-y in March compared to a fall of 4.5% y-o-y in February. The trade balance in March recorded a wider deficit of USD 1.746bn compared to a deficit of USD 1.104bn in February.</p><p>On a 3-month moving average basis, non-oil imports increased around 10.8% y-o-y compared to an increase of 11.4%…</p>

Philippines imports came in stronger than expected rising 11.7% y-o-y in March compared to a 5.6% y-o-y decline in February. Exports data which had been released a few weeks ago had seen a decline of 15.1% y-o-y in March compared to a fall of 4.5% y-o-y in February. The trade balance in March recorded a wider deficit of USD 1.746bn compared to a deficit of USD 1.104bn in February.On a 3-month moving average basis, non-oil imports increased around 10.8% y-o-y compared to an increase of 11.4%…

Philippines: Strong Domestic Demand Reflected in Rising Imports Data

Philippines

Macay Holdings, Inc., through its subsidiary, ARC Refreshments Corporation, bottles, manufactures, and distributes carbonated soft drinks in the Philippines. It provides cola flavored soft drinks under the RC Cola and RC Cola Free brands; orange flavored carbonated soft drink under the Fruit Soda Orange brand; cloudy lemon flavored carbonated soft drink under the Juicy Lemon brand; rootbeer flavored soft drink under the Arcy's Rootbeer brand; and lemon-lime flavored carbonated soft drink under the Seetrus brand, as well as bottles Extra Joss, an energy drink in ready-to-drink form. Macay Holdings, Inc. distributes its products directly or indirectly to various retail points, including sari-sari stores, carinderias, supermarkets, hypermarkets, groceries, convenience stores, and food service outlets. The company is based in Makati City, the Philippines. Macay Holdings, Inc. is a subsidiary of Mazy�s Capital, Inc.

Century Pacific Food, Inc. produces and sells canned food products in the Philippines. The company provides canned and processed fish products comprising tuna, sardine, other fish, and seafood-based products under the Century Tuna, 555, Blue Bay, Fresca, and Lucky 7 brands. It also offers corned beef, meat loaf, luncheon meat, and other meat-based products under the Argentina, Swift, 555, Shanghai, and Wow brands; and produces private-label canned tuna, pouched tuna, and vacuum-packed frozen tuna loin products for export to overseas markets, including North America, Europe, Asia, Australia, and the Middle East. In addition, the company provides evaporated, condensed, and full cream powdered milk, as well as all-purpose creamer under the Angel and Birch Tree brands; coffee mix under the Kaffe de Oro brand; and flavor mixes under the Home Pride brand. The company markets its products to retail outlets and food service companies. The company was founded in 1978 and is based in Pasig City, the Philippines. Century Pacific Food, Inc. is a subsidiary of Century Canning Corporation.

RFM Corporation manufactures, processes, and sells food and beverage products to institutions and consumers in the Philippines. It operates in Institutional Business, Consumer Business, and Other Operations segments. The company offers flour products, hamburger buns, English muffins, flour-based and rice-based products, pasta, spaghetti sauces, margarine, and other bakery products; ready to drink juices and tea, milk and choco milk, and functional drinks, as well as powdered juices and bottled mineral water; and ice cream products. It also provides barging services, such as lighterage and cargo handling services; and leases commercial and office spaces. The company offers its products principally under the Sunkist, Selecta, White King, Royal, Selecta Moo, Selecta Fortified, and Fiesta brand names. RFM Corporation sells its products through hypermarkets, supermarkets, groceries, convenience stores, wholesalers, distributors, institutional customers, food service customers, flour dealers, flour end users, and the company stores. The company was formerly known as Republic Flour Mills, Inc. RFM Corporation was incorporated in 1957 and is headquartered in Mandaluyong, the Philippines.

Victorias Milling Company, Inc. operates in the business of acquiring, constructing, maintaining and operating sugar mills, as well as other related business activities. Through the years, the company has expanded its operations to include a foundry, a machine shop, a fabrication shop, a food canning company, an organic fertilizer plant and a piggery.

Roxas and Company, Inc., through its subsidiaries, acquires, develops, improves, subdivides, leases, and sells agricultural, industrial, commercial, residential, and other real properties in the Philippines. The company also manages hotels and resorts; offers funeral and related services; and engages in warehouse leasing activities. In addition, it owns various tracts of lands in Nasugbu, Batangas. The company was formerly known as CADP Group Corporation and changed its name to Roxas and Company, Inc. in June 2009. Roxas and Company, Inc. was founded in 1918 and is based in Makati City, the Philippines.

Puregold Price Club, Inc. operates wholesale and retail stores, including supermarkets.

Robinsons Retail Holdings, Inc. operates various retail outlets. The Company owns and operates supermarkets, department, home improvement, convenience, drug, and other specialty stores. Robinsons Retail Holdings serves customers in Philippines.

Central Azucarera De Tarlac Inc operates a sugar mill and refinery, distillery and carbon dioxide plants. The Company also produces sugar by-products such as molasses, alcohol and carbon dioxide.

Philippine Seven Corporation licenses to operate 7-Eleven stores in the Philippines. The Company also leased commercial properties and constructed retail store building.

LT Group Inc is a diversified investment company that engages in beverages, tobacco, property development, and banking businesses. The Company brews soft drinks and manufactures bottled water; supplies and manufactures cigarettes and tobacco; develops, leases and manages residential properties; and provides a full range of banking and financial services to corporate and retail customers.

Anhui Golden Seed Winery Company, Ltd. produces and sells beer and spirit products. The Company also feeds cattle and produces leather products, animal feeds, packing materials, and biomedicals.

Lotte Chilsung Beverage Co., Ltd. manufactures alcoholic and non-alcoholic beverages such as carbonic acid drinks, fruit juices, soybean drinks, teas, and traditional health beverages.

Carlsberg Brewery Malaysia Berhad manufactures beer, stout, shandy, and nonalcoholic beverages for distribution in the home market and for export.

Hite Jinro Co., Ltd. specializes in manufacturing Soju, vodka-like distilled Korean liquor. The Company also produces and sells other alcoholic beverages, such as wine, whiskey, and ginseng liquors as well as non-alcoholic beverages including mineral water and soft drinks. In addition, Jinro also provides information processing and financial services as well as construction services.

Zhejiang Guyuelongshan Shaoxing Wine Co., Ltd. manufactures and markets yellow wines, white spirits, beverages, food, and food materials.  Through its subsidiaries, the Company also manufactures spandex and provides food services.

Zhejiang Guyuelongshan Shaoxing Wine Co (600059 CH)

Xinjiang Yilite Industry Co., Ltd. manufactures and markets white spirits. The Company also manufactures paper boxes, provides transportation services, and distributes water, electric power, and heat.

Fraser and Neave Limited is principally engaged in the food and beverage, and printing and publishing business. The Company's principal activities include the production and sale of beverages, which includes soft drinks, beer, stout, and dairy products; and printing and publishing.

ITO EN, LTD. produces various types of Japanese tea and canned beverages.

TAKARA HOLDINGS INC. produces distilled spirits, sake, soft drinks, and cooking wine.  The Company also sells alcoholic beverages under the brand names, Shouchikubai, Takara Can Chuhai, and Takara Shochu.

PT Multi Bintang Indonesia Tbk manufactures beer. The Company's main products include beer and stout.

Ginebra San Miguel Inc. manufactures and distributes liquor products. Ginebra San Miguel's products are marketed under brand names such as Ginebra San Miguel, Anejo Rum, Tondena Manila Rum, VIVA!, and Magnolia FunChum.

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Ginebra San Miguel (GSMI PM)

Philippines: Strong Domestic Demand Reflected in Rising Imports Data

Philippines imports came in stronger than expected rising 11.7% y-o-y in March compared to a 5.6% y-o-y decline in February. Exports data which had...

Rajan Govil

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