In pursuit of its strategy of vertical integration of its flagship healthcare and wellness business MOHS Analytics has acquired majority ownership of Remed Pharmaceuticals a research and development driven company founded in 2002 by pharmaceutical industry pillar Remedios A Remed owns established brands covering products in four different pharmaceutical categories—Vitacare Pediacare and Gastrocare with over 20 brands in its portfolio These products are distributed through some 4,500 outlets in major national and regional drugstores and pharmacy chains Remed has grown to leadership position in some of the pharmaceutical categories it is present in and it is poised to introduce 5 more brands in the coming months This acquisition follows MOHS’s purchase in early 2024 of a controlling stake in Zenfro Corporation a distribution company with a strong and expanding network in South Greater Manila Area handling top food The acquisitions are in line with MOHS’s 5-year road map to grow into one of the major fully integrated health and wellness companies in the Philippines MOHS got a jump start in business by being among the first to bring in affordable test kits and equipment at the start of the COVID-19 pandemic MOHS quickly pivoted to affordable point of care and home test kits for the early detection of diseases such as urinary tract infection From this platform of and experience with affordable health care products MOHS has diversified into other areas of health care including healthcare software and technologies “Vertical integration of our health care business allows MOHS to better control costs to make our products more affordable and our business more sustainable,” says Michael B “Our acquisitions this year follow our strategy of engaging in businesses that add value to Philippine society by making a wide range of affordable health care products accessible to Filipinos nationwide This is in line with the Philippine Government’s thrust of Universal Health Care and emphasis on primary and preventative health care.” “Remed’s strategic partnership with MOHS will enable synergies as the strengths of both companies complement each other,” says Remedios A “Remed can tap MOHS’s distribution expertise in channels it is not currently accessing while MOHS can tap Remed’s field marketing force to push its health and wellness products to medical professionals Such a strong partnership will unlock significant growth for Remed both locally and globally.” “The entry of MOHS into pharmaceuticals through Remed creates synergies from a strategic and financial viewpoint With our professional operations and automated systems we have the capability to fully realize these synergies,” says MOHS SVP and Group CFO Dr For more information on Remed Pharmaceuticals, Inc., you can visit their website at https://remedpharmaph.com/ A reception center for minors in Madrid became the focus for clashing views on immigration and social welfare Thursday a day after police defused a grenade found there crystallized worries about immigration and insecurity that helped the far-right Vox party double its result in last month's election to become the third-biggest bloc in parliament Vox repeatedly singled out the center during the campaign with party leader Santiago Abascal denouncing "criminal foreign youngsters." Last month an extreme right-wing group called Hogar Social staged a protest at the gates demanding the center's closure to restore "security." Police have made no arrests and some officials say gang violence may also have been behind the incident — with the device most likely thrown over the walls in a bag The grenade contained a minimal explosive charge Reuters is a news agency founded in 1851 and owned by the Thomson Reuters Corporation based in Toronto One of the world's largest wire services it provides financial news as well as international coverage in over 16 languages to more than 1000 newspapers and 750 broadcasters around the globe Lynette Ortiz grasping at straws? Dennis Uy turns (again) to Cebu property developer to cover P1.4B Landbank loan as PHR cash troubles deepen The road to recovery: Mike Arroyo to return to the Philippines after successful treatment Credit Suisse to pay $511 million in US tax evasion case OpenAI abandons plan to become for-profit company Oil prices slide after OPEC+ output hike Court to Abby Binay: Hands off! Judge Orders Makati to stand down, surrender EMBO Facilities to Lani Cayetano’s Taguig Cassocks competition: Whose outfit will new pope wear? Trump orders curb on virus research he blames for Covid pandemic ITA Airways boosts operating profit in 2024 Thrilling showdowns mark start of JPGT Mactan Just a year after selling his personal care business Splash (which owns Maxi-Peel and Skin White brands) for a cool P11 billion to tech billionaire Azim Premji Hortaleza is bullish on the prospects of the “Barrio Fiesta” condiments brand with the coronavirus proving to be a boon to his products both here and abroad “Barrio Fiesta Foods was able to exceed even its projected sales targets amidst the crisis We continued to receive purchase orders from our international distributor partners as they also tried to meet the demands from customers I think the demand for our food condiments was largely driven by the sudden shift of entire families being confined indoors and forced to prepare their own meals at home,” said Hortaleza ““I think that no business has been spared by the health and economic crisis brought about by the COVID-19 We are fortunate that being in different industry types most of our businesses were able to balance out the effects of the crisis,” said Hortaleza who has also diversified into microlending Hortaleza bought the Barrio Fiesta food brands (excluding the restaurant chain which was retained by the Ongpauco family) for P472 million in 2011 The food and microfinancing divisions are under Hortaleza’s new holding firm Hortaleza said Prime Global had been laying down the foundations for its digital platform months before the coronavirus pandemic forced the Philippines and countries to go into lockdown starting in March 2020 all business units were directed to prepare their business continuity plans (BCPs) our offices were fitted with video-conferencing facilities and everyone was on laptops as we enjoined mobility and ease of working across the organization,” said Hortaleza Prime Global marketing head Reychelle Ann Gigante said Barrio Fiesta products were enjoying a boom in sales “as people continue to remain at home opting for home-cooked meals and seeing the rise of ‘home chefs’.” Gigante said the group would boost Barrio Fiesta Foods’ online presence to cater to an expanding global market while reinforcing its presence in supermarkets as this multi-channel availability will allow us to reach our customers in the most convenient way possible,” said Gigante Barrio Fiesta’s sautéed shrimp paste controls 65 percent share of the local bagoong market and 95 percent of all exports in 2019 Barrio Fiesta exports its “bagoong” products to the United States Barrio Fiesta’s lineup includes gourmet “patis” (fish sauce) “I think that no business has been spared by the health and economic crisis brought about by the COVID-19 most of our businesses were able to balance out the effects of the crisis within our group,” said Hortaleza “The coronavirus crisis is a health crisis which triggered an economic crisis that is global in scope This is why its magnitude and impact in the lives of people and in the economies is more invasive most companies are able to turn it into an opportunity for them to re-invent the ways of doing business – which is what we did as well,” he added Elevate your understanding of the Philippine business landscape and gain insights into worldwide markets by subscribing to our dedicated channels and exclusive interviews with industry leaders directly on Viber Stay informed and empowered with our Email Newsletter delivering curated content right to your inbox Don’t miss out on crucial updates and trends shaping economies and businesses both locally and internationally Join Bilyonaryo’s community today by clicking the button below to subscribe and stay ahead in the dynamic world of business Rosalinda Ang-Hortaleza saw a lot of potential in a special cuticle remover formula that their cousin had invented Not content to let the opportunity pass them by they decided to pool together the 12,000 Philippine Pesos (₱) they received as wedding presents to use as start-up capital for a small cosmetic repacking business called RBH Cosmetics They purchased the cuticle formula from their cousin for ₱5,000 and spent the rest on necessary inventory and packaging materials the fledgling company packaged and distributed the special cuticle remover ordinary acetone and cold wave lotion to local beauty parlors Complemented by the couple’s strong entrepreneurial spirit and by 1987 they had already made their first ₱1 million Their small business eventually became Splash Corporation (Splash) which is now a multi-billion peso conglomerate of companies that develops personal care and pharmaceutical products for domestic and international markets In 1996 Splash enjoyed revenues of over ₱1 billion and it became one of the top 300 corporations in the Philippines in 1998 In 2007 it was listed on the Philippines Stock Exchange This has firmly established Splash as one of the most formidable and successful companies in the Philippine personal care industry research and development (R&D) has been integral to Splash’s success Splash’s founders believe that product innovation does not have to consist of radical breakthroughs that require substantial time and money investments but can be pioneering products or incremental product refinements that consumers value This philosophy proved successful when Splash’s first major R&D breakthrough came in 1987 when it developed the innovative method of selling hairspray in amber bottles which consumers could then transfer into cheap reusable plastic squeeze-spray containers Eliminating the need for expensive imported aerosol cans Splash could sell the same hairspray at a fraction of the cost of their multinational competitors This simple innovation brought in a tenfold increase in revenue which Splash put to good use on its next R&D project Inspired by the outcome of this first innovation Splash launched another pioneering product in 1988—the Philippines’ first fruit-based facial cleanser The new astringent (a chemical compound that protects skin) formula was a mild but effective facial cleanser with a moisturizing and natural healing effect because it was based on natural ingredients This new product was marketed in avocado and cucumber variants under the Extract® brand name Splash quickly began making waves with this innovation and in 1989 sales reached ₱40 million and Splash became the second largest company in this industry in the Philippines knocking on the door of long-established multinational corporations These two early successes solidified the importance of R&D to Splash and it began setting aside funds specifically for R&D of new products when in 1991 it developed an exfoliant (a chemical that removes dead cells from the skin’s surface) that is effective in lightening skin controlling pimples and smoothing skin by hiding scars left by pimples it was a success and changed the Philippine facial care market which at that time was considered to be in decline Another successful product developed was Skin White® which is now the leading skin whitener in the Philippines Splash established the Splash Research Institute (SRI); a modern R&D facility devoted to finding new sources of value to satisfy the rapidly growing needs of its customers cutting-edge technology and a research staff of over twenty chemists pharmacists and engineers work in interdependent departments to design and develop innovative products and packaging systems SRI maintains a two year rolling pipeline of new products and ensures that all products made available are developed according to internationally accepted scientific and technical standards Included in SRI is a creative team that combines beauty and function in each product’s package design SRI also backs up its innovations through rigid clinical tests to guarantee superior efficacy R&D has been the motor for Splash’s growth and it has kept Splash at the forefront of the personal and health care industries The success of Extraderm brought Splash to the attention of its competitors and they started copying many of Splash’s innovations Splash lost its edge and position as a market leader as its competitors started making and selling the same products Splash had yet to secure any intellectual property rights (IPRs) for its invention or innovative exfoliant formula There was little the company could do and its business lost momentum Upon realization of the importance of securing IPRs Splash wasted no time in developing an IP strategy Innovation and product differentiation is vital to Splash’s business strategy Splash began securing IPRs by filing patent applications and registering utility models for all of its major inventions in its domestic and international markets The company also maintains a strong brand management strategy through registering trademarks for its brand names Splash believes that brand names are particularly important and that the protection of innovation and brands are inseparable as long as a product does not lose importance or become obsolete a brand can exist for a near indefinite time easily identifiable trademarks can be associated with Splash’s reputation for quality which allows customers to quickly recognize Splash products and fosters brand loyalty IP protection also gives Splash some breathing room as it can avoid destructive price wars that frequently result from copied products As a result of the protection granted by patents Splash can focus on sustaining growth by using its resources for more innovative R&D instead of spending most of its resources on fighting copiers IPRs are valuable assets that directly translate into economic value They protect Splash from its competitors and enable it to earn enough revenue to fortify its position in the industry Splash has made direct applications for patents and trademarks in over fifteen countries as a pro-active strategy to back up its globalization plans Splash has also acquired industrial design registrations for some of its packaging designs Splash takes an aggressive approach to international expansion and is not waiting for competitors to come to it Splash is taking the competition to them by entering the international markets of its multinational competitors It does this through dealers and various joint ventures Splash first entered Asian markets such as Hong Kong Singapore and Indonesia through an informal network of overseas Pilipino workers and dealers to formally lay the groundwork for selling its products in international markets the company established PT Splash Indonesia as a joint venture with local investors The success of PT Splash Indonesia led to similar joint ventures in other international markets such as in countries in Southeast Asia and the Middle East Splash has grown from a small startup with three employees into a large corporation with over 400 catering to customers all over the world Splash was the first Filipino company to successfully compete with large multinational corporations in the Philippines cosmetics industry For five consecutive years starting from 1991 which is a direct result of its IP protected Extraderm product Splash was generating an annual revenue of ₱3 billion and Euromonitor International (an industry market research organization) ranked it as number six in the top ten most successful cosmetic and toiletry companies in the world with it being the only Filipino company on the list Splash’s success enabled it to open a ₱400 million state-of-the-art manufacturing complex in Canumay to meet the company’s increased capacity requirements the AC Nielsen Philippine Retail Index Report showed that with two of its core products Splash enjoyed an 86% and 41% market share Splash is now one of the largest cosmetic companies in the Philippines Splash has been able to build a brand and establish loyalty through innovation and protection of its products and brands with IPR This combination has been instrumental to Splash’s growth challenge established foreign competitors and expand into international markets Fueled by continued innovation backed up by IPRs Splash has risen to the top of its industry and created a new global awareness for Filipino products beyond handicrafts or dried mangoes Madrid's Emergency Information Office said more than 20 fire crews were needed to extinguish the blaze ShareSavePeople cheer as power comes back on in MadridResidents applauded as the lights came back on in Spain's capital, after a huge power cut brought the country to a standstill. Watch: Traffic chaos as Spain and Portugal face power outagesFrom traffic lights turning off in Spain, to Metro stations plunged into darkness in Portugal - power outages have caused havoc. Why this Conclave means it's harder than ever to predict the next PopeThe BBC's religion editor Aleem Maqbool explains why it's so difficult to guess who will be the next pontiff. Watch: How the Vatican said goodbye to Pope FrancisHundreds of thousands of mourners gather in Rome to pay tribute to the late pontiff. People line the streets as Popemobile carries coffin through RomeThe Pope has chosen to be buried in a simple coffin at the church of Santa Maria Maggiore. Crowd applauds as coffin begins final journey The Pope is being laid to rest at the church of Santa Maria Maggiore in Rome. Pope Francis' coffin laid outside in St Peter's SquareThe pontiff's funeral is being held days after he died at the age of 88. Applause heard as Zelensky arrives for Pope Francis' funeralApplause heard as Zelensky arrives for Pope Francis' funeral US President Trump pays respects by Pope's coffinThousands have gathered in Rome to pay their respects to the late pontiff. Crowds gather in Rome ahead of Pope's funeralThe BBC's Sarah Rainsford says people from all over the world have gathered to pay their respects. Why Pope Francis won't be buried in the VaticanPope Francis will be buried in Rome's church of Santa Maria Maggiore, breaking a 100-year-old tradition. Pope mourners queue for 'chance to say goodbye'Pope Francis will remain lying in an open coffin until his funeral on Saturday Pope Francis's last public appearance on Easter SundayThe pontiff's last public appearance was for an Easter Sunday blessing at the Vatican's St Peter's Square. Watch: Pope blesses crowd as Easter celebrated worldwideThe most important date in the Christian calendar is being marked around the world. Watch moment Vladimir Putin announces 'Easter truce'It is unclear if Ukraine has accepted the terms or already discussed the plans for the pause in fighting with Russia. How BBC Verify investigated the seized homes of MariupolA look behind the investigation by BBC Verify's Olga Robinson and Christine Jeavans into the seized homes of Mariupol. Spanish police uncover illegal underground shooting rangePolice suspect the range was used by a weapons trafficking ring to test assault rifles and other arms. New speed climbing record set in the Swiss AlpsA climbing pair shatter the record for completing the daunting north faces of a famed trio of Swiss mountains. 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Madrid In late 2017 the Hernández brothers, Sergio and Roberto, who already found fame with their Latasia restaurant in Madrid opened their second space in the Hortaleza district Their local past is mixed with all their visits to Latin America and Asia at Tamara where they take all they have learned and serve it to you on a plate For starters you might have a Russian salad with tobiko roe or a tartare of ‘zamburiña’ scallops (served in the shell a corvina ceviche that won’t let you down and gorgeous dim sum of prawns and red curry with a freshness that balances out the spiciness we chose marinated and baked butter fish with ‘causa’ and fried yucca which turned out to be a bold twist to the fish dish as well a delicious ‘lagarto’ cut of Iberian pork sautéed with pickled garlic and scallions It’s all presented with attentive service and that’s with about a hundred diners at rush hour You do have to venture a bit further to get to Taramara but it’s well worth it for those who looking for a cosy corner for a romantic meal with champagne or a special wine (they’ve got an extensive and balanced selection on their wine list) for foodie newbies who discover the thrill of trying familiar dishes with different flavours and for the family that gets together at the weekend for an Angus burger a grilled sea bass and a cut of Wagyu beef stewed in green curry Taramara stays true to their pillars of quality product but they’ve also made room to change and grow according to their interests as well as what customers want Thanks for subscribing! Look out for your first newsletter in your inbox soon! facebooktwitterspotifytiktokAbout us Contact us Time Out Worldwide the sound of the club is taking on an entirely different ring The Manila Sound of the '70s is best known for bands like Hot Dog but there are hundreds of artists who trace their influence to the period So when we heard Spirit Mountain Casino is hosting a Manila Disco Fever next weekend Filipino dictator Ferdinand Marcos' regime was a textbook case on authoritarian rule. During the period when Marcos declared martial law in response to student demonstrations, 3,200 people were killed by the government tens of thousands of perceived enemies of the state were detained Tigard resident Dolly Pangan Specht grew up Makati attending a convent school by day and sneaking out with her friends as a disco queen by night “I was a child of martial law,” Specht said But Specht said her family avoided political involvement and was more interested in music Her brother was a movie producer and choreographer; another acted in comedy films She credits her creative home environment with the moves that got her invited into dance clubs like Where Else Stargazer and Rumors when she was 14 — still well underage Today, Specht is able to go through photo spreads of Manila's glamorous '70s society scene and point out friends and acquaintances (She's still rocking it with an azure tint in her black hair and a truly stellar powder blue manicure.) While she looks back with love at the '70s she's unsparing about the social and cultural mores that ruled the day Part of society that were such snobs — and I will say myself included — with things that were local,” Specht said The bands she remembers getting the most respect and support were European or American acts — Earth Wind and Fire and the Village People — or Filipino bands who mimicked them and the nation slowly shifted to a sense of itself “It’s a completely opposite thing right now,” said Specht plays records as DJ Grim and specializes in hip-hop and obscure Filipino music “You have a lot of surpassed energy out there He draws a direct line between the ethos informing black music in America and the connection many Filipino musicians felt with those forms "Not being able to do certain things and go out when you want to go out.” the oppression takes people to that last nerve “The elders in hip-hop will tell you breaks is about getting down to that last nerve," Hortaleza said "The terminology ‘break’ is in reference to ‘you broke.’ You take that same framework to expressing yourself at parties Looking at the music through a record digger’s lens this style of disco evolved from an era of pop called the Manila Sound — a more romantic crooner style that shared roots in Spanish and other Latin cultures But by the mid-1970s this developed into a more disco sound with firm American roots Influences were pouring in as American GIs visited the clubs “Describing Filipino culture can get really difficult,” Hortaleza said with all the colonial and indigenous influences added in over the years But he also notices clues about the homegrown recording industry variations and glitches that can only happen in studios built by the musicians themselves in backyards and garages using anything and everything they had at hand “that’s the most Filipino thing about it.” Tags: State Of Wonder, Music, Arts, Local, Oregon, Portland Stand with OPB and protect independent journalism for everyone Listen to the OPB News live stream (opens new window)Streaming Now she's unsparing about the social and cultural mores that ruled the day."},{"_id":"CK34WUB6GBGWLHMNP3GZY5Z23Q","type":"text","content":"“In Filipino culture myself included — with things that were local,” Specht said."},{"_id":"43SIWMUHJJGX3B5TWRYUILEUCU","type":"text","content":"The bands she remembers getting the most respect and support were European or American acts — Earth Wind and Fire and the Village People — or Filipino bands who mimicked them."},{"_id":"ZNQTAXTORBBFLOZBBNE27A7OH4","type":"text","content":"But as the decade wore on the music reflected the change."},{"_id":"5PAT72S5W5BHBDWV3NIR7AIB6Y","type":"text","content":"“It’s a completely opposite thing right now,” said Specht “[Which makes me] so happy.”"},{"_id":"WKNGFWYTB5EI7D7LJ5KDQLFWNU","type":"text","content":"Mikey Hortaleza plays records as DJ Grim and specializes in hip-hop and obscure Filipino music."},{"_id":"3WMYZBGTK5BHJBQZDX4EWEOTP4","type":"text","content":"“You have a lot of surpassed energy out there oppressed energy,” Hortaleza said."},{"_id":"OLBYWEAMENC6XKNEFQMJO7FYNA","type":"text","content":"He draws a direct line between the ethos informing black music in America and the connection many Filipino musicians felt with those forms"},{"_id":"OTKBS66OKNBAPJ5T5DMGTQSLPA","type":"text","content":"“There’s a familiarity \"Not being able to do certain things and go out when you want to go out.”"},{"_id":"BWEXFNBNJREP3JUEPBN2BP6UMA","type":"text","content":"At some point the oppression takes people to that last nerve."},{"_id":"4LRKTQYPDND3NKNZCNJCHEYKR4","type":"text","content":"“The elders in hip-hop will tell you breaks is about getting down to that last nerve,\" Hortaleza said \"The terminology ‘break’ is in reference to ‘you broke.’ You take that same framework to expressing yourself at parties They had to.\""},{"_id":"LAE7ESAR6ZHXTLDWZDDMLJCQB4","type":"text","content":"Looking at the music through a record digger’s lens looking to dance."},{"_id":"C7WKGPUDYBH5DDN43MXAYJDNFA","type":"text","content":"“Describing Filipino culture can get really difficult,” Hortaleza said using anything and everything they had at hand."},{"_id":"6AEIPUAPTNDZBJFG2ZN3NQUX4A","type":"text","content":"“To me,” Hortaleza said but there are hundreds of artists who trace their influence to the period.","caption":"The Manila Sound of the '70s is best known for bands like Hot Dog April Baer formerly hosted the weekly radio arts show \"State of Wonder,\" at Oregon Public Broadcasting she worked as a reporter and was the local host of \"Morning Edition\" at OPB reporter and occasional music host at several stations in Ohio She earned a degree in communications from Ohio State University April grew up in the Midwest and now lives in Portland was sold to an Indian business global giant Rolando Hortaleza decided to take a long break to recharge Just the thing he needed following the rigors brought about by the business he founded in 1985 surprised some people because the doctor entrepreneur has a reputation of being one of the country’s top caliber businessmen “We are also developing our own brand,” he said Input your search keywords and press Enter La Lupe is a microcosm of everything that makes Madrid the city it is from the notice that welcomes gays and lesbians to the poster protesting against any law that prohibits bars staying open until whatever ungodly hour they please A diverse and open-minded crowd enjoys Mojitos mixed to perfection in this alternative nightspot which also features live performances The club’s PR people will try to tempt you inside on Calle Huertas with offers of free drinks Octopus Technologies Corporation (OTC) has partnered with Credence Analytics a global solutions provider with its headquarters located in Mumbai Credence is the largest foreign exchange (FX) solution provider in India handling more than 40 per cent of all FX transactions in the country It is also one of the largest wealth and fund management platforms in the Philippines with the largest bank in the country as one of its partners “Credence Analytics has been one of the best vendors we have been associated with We selected Credence Analytics after evaluating vendors from multiple countries mainly for the comprehensiveness of their product in handling both IMA as well as TIF business for the eagerness shown by them throughout the evaluation period and excellent references provided by their existing customers,” states Ador A  Source: https://www.credenceanalytics.com OTC offers comprehensive solutions in Trust Management and provide key insights that enable clients to make informed financial decisions  Through partnerships with global solutions providers OTC works with clients to understand their needs and requirements before creating the best solution for them These providers’ products and services are trusted by the top banks in the Philippines and manage over US$100 billion of customer assets globally.  “Our vision is to become the top-of-mind solutions provider in the entire banking financial and insurance industry,” says Michael B “We intend to do this by making our solutions accessible to all customers through software automation that promotes good governance and transparency Digitalization and automation are now reaching even the most remote rural areas of the Philippines empowering people with technology for banking  and financial services.  Through our partners,  we are bringing these innovative solutions to their customers nationwide.  “OTC’s competitive advantage lies in its specialized fintech offerings Application Programming Interface approach making it a strong choice for financial institutions looking to modernize operations,” says OTC President Don Paolo San Jose OTC is in talks with medium and large financial institutions regarding their requirements and we are presenting them with solutions that best fit their needs.” With creativity, solid alliances, and a thorough awareness of the local market, OTC is well-positioned to emerge as a major force in the Philippine technology industry. To find out more about Octopus Technologies Corp., you can visit their website at: https://www.octopustechnologies.io/ {{gallery.imageDetails.images.0.description}} Sign in to listen to groundbreaking journalism MANILA, Philippines – The Ang-Hortaleza Corporation and Indian company Wipro Consumer Care signed a share purchase agreement for the sale of 100% of the former’s stake in the personal care business of Splash Corporation The two parties did not disclose how much the deal was worth Splash is among the largest personal care players in the Philippines with revenues amounting to about $80 million The Philippine Competition Commission (PCC) earlier said it green-lit the business deal last March will own the domestic and international retail personal care business of Splash Corporation which will include the related inventories intangible assets such as patents and trademarks as well as its foreign subsidiaries,” the PCC said Splash is behind popular Filipino brands like SkinWhite Wipro’s estimated worth is a whopping $8.4 billion to consulting and business process services The 11th acquisition of Wipro places the company’s consumer care portfolio in a good position in the Southeast Asian market “This is an exciting milestone for us given our vision of being amongst the top 3 players in personal care in Asia This transaction gives us a market leading position in the Philippine market which is one of the strong economies in the region and a formidable personal care market,” said Nagender Arya chief executive officer (CEO) and founder of Splash said the buyout gives “immediate access to resources” which will fuel faster growth Hortaleza will remain as an advisor on marketing and overall transition of the business What can loyal Splash customers expect after the deal said the current brands Filipino consumers have grown to love will be expanded to international markets where Wipro has a strong footprint “These brands are not only strong in the Philippines but also have strong equity in multiple international markets like Indonesia Splash Corporation delisted from the Philippine Stock Exchange back in 2016 after it saw low trading volume Tender offer was priced at P3.10 per share If you’re a huge fan of the Japanese coffee brand % Arabica then you were probably devastated when they suddenly closed down their branches all over Metro Manila While their closing came as a huge surprise it looks like a new coffee brand will soon take its place one of the Philippine partners of % Arabica shared that their dream is to “build a brand that is proudly Filipino.” She then invites coffee lovers to “stay tuned,” teasing that their dream is about to come true A post shared by Allue Hortaleza (@alluehortaleza) (RELATED: % Arabica Explains Disappearance to Filipino Customers… but There’s Good News) In new Instagram posts on Hortaleza’s personal account it looks like their new coffee venture is revealed: Angkan Coffee Company A post shared by Angkan Coffee Company (@angkancoffee) Based on the posts on Angkan Coffee Company’s social media pages they may be opening their first store in BGC they also state that they are “Bringing you the best beans and brews from around the PH and around the world!” Many coffee enthusiasts and fans of % Arabica have already expressed their excitement at the new coffee brand What are your thoughts on this new coffee brand Do you have a story for the WhenInManila.com Team? Email me at vivien.wheninmanila@gmail.com or send us a direct message at WhenInManila.com Facebook Page Join our Viber group to be updated with the latest news Featured photo from Therese Aseoche (left) and Angkan Coffee Company (right) and initiating gimmicks--which is a nice way of saying "pasimuno." She's a broken soul that's been saved by grace Follow her on TikTok and Instagram: @viviendelvalle