Category: economy
SM pilots Alfamart franchising to boost MSMEs
MANILA, Philippines — Alfamart Philippines, the minimart chain of the SM group, has recently launched its franchising program. This opens doors for micro, small, and medium enterprises (MSMEs) to grow alongside Alfamart’s nationwide expansion. The pilot began in Laguna with two franchise-owned stores. The first was launched with Leovino C. Datario, a long-time Alfamart landlord, in
Aboitiz unit allots initial P1B for Davao utility
DAVAO CITY, Philippines — Aboitiz-owned Davao Light and Power Co. is allotting P1 billion to acquire the energy assets of Northern Davao Electric Cooperative, Inc. (Nordeco) following the government’s green light to take over the latter’s franchise area. Talking to reporters, Davao Light president and chief operating officer Enriczar Tia said the company had initially
