Sara Duterte's Husband's Company Faces Scrutiny Over P150M Sales with Two Employees
Cale88 Foods Corporation, linked to the husband of Philippine Vice President Sara Duterte, is under scrutiny for reporting over P150 million in sales and losses despite having only two employees. Remittances from a Ukrainian company have also raised concerns.
Read up to 3 eligible full articles per Japan day (JST) for free
Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.
Related articles
- MPIC Completes P12.4 Billion Meralco Deal, Boosting Stake to Nearly Half
Metro Pacific Investments Corp. (MPIC) has acquired 21.4 million common shares in Manila Electric Co. (Meralco) for P12.4 billion from the San Miguel Group, increasing its stake to 49.4%. The deal underscores MPIC's confidence in Meralco's long-term growth, while San Miguel plans to use proceeds for renewable energy projects.
- PEZA Sees Record Investment Approvals Amid Pipeline of Mega-Projects
The Philippine Economic Zone Authority (PEZA) anticipates record-high investment approvals this year, driven by four major projects in the semiconductor, aviation, and hyperscaler sectors. A Japanese firm is also planning a $1 billion investment.
- Philippines Raises P167.3 Billion from Retail Bond Sale
The Philippine government successfully raised P167.25 billion from its latest Retail Treasury Bond (RTB-32) offering, significantly exceeding its target. The funds will support various government projects including education, health, and infrastructure.
- Sara Duterte linked to Jollibee franchises; SALN, SEC docs clash
Multiple Jollibee outlets in Davao City appear to be owned by a company linked to Vice President Sara Duterte, with receipts presented during an impeachment trial identifying Gencorp Industries Inc. as the owner. However, discrepancies exist between her Statement of Assets, Liabilities, and Net Worth (SALN) and corporate filings.