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Array ( [results] => Array ( [0] => Array ( [ArticleID] => 228939 [Title] => Swift Foods trims losses to P191M in first 9 months [Summary] => Swift Foods Inc. trimmed its losses by 64.6 percent in the nine months to September this year, attributing the improvement in its financial performance to the recovery of the local poultry market in the third quarter.
The poultry unit of the Concepcion-owned conglomerate RFM Corp., Swift registered a net loss of P191 million in the first nine months, lower than the P540-million loss incurred the previous year-period.
[DatePublished] => 2003-11-23 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 206733 [Title] => RFM reports P150-M loss for first quarter [Summary] => RFM Corp., the food and beverage concern of the Concepcion family, incurred a net loss of P150 million for the first quarter this year as against the P6.25-billion profit recorded a year ago.
RFMs 2002 first quarter profit included a one-time gain of P6.5 billion from the sale of the Concepcion familys entire shareholdings in Cosmos Bottling Corp. to San Miguel Corp. Without this, the company would have incurred losses.
[DatePublished] => 2003-05-19 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 184460 [Title] => RFM income surges to P5.93-B on Cosmos sale [Summary] => Buoyed by a hefty gain from the sale of Cosmos Bottling Corp., profits of the Concepcion-controlled RFM Corp. surged to P5.93 billion in the first months from only P188 million in the same period last year.
On Jan. 3, 2002, the Concepcion family sold its entire stake in Cosmos to San Miguel Corp. for P14 billion. A portion of the proceeds was used by RFM to retire debts and finance P2 billion in cash dividends for shareholders.
[DatePublished] => 2002-11-18 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 177623 [Title] => RFM set to acquire meat processing unit of Swift [Summary] => RFM Corp., the food and beverage concern of the Concepcion-Araneta family, said yesterday that its board of directors has approved the proposal to acquire the meat processing business unit of Swift Foods Inc. as part of efforts to focus on its poultry and agri-business ventures.
RFM informed the Philippine Stock Exchange (PSE) that the proposed acquisition is still subject to the approval of directors of Swift. In exchange for the acquisition, RFM will assume the trade liabilities of Swift.
[DatePublished] => 2002-09-27 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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MANILA, Philippines — Alas Pilipinas team captain Jia de Guzman has tempered expectations on their chances against a heavily favored Vietnam and in the FIVB Challenger Cup that came off the wraps at the Ninoy Aquino Stadium yesterday.
But deep inside the soft-spoken and courageous skipper and the rest of Nationals, they all dream of the same big dream – a ticket straight to the Women’s Volleyball Nations League main group next year.
And their quest begins tonight when they square off with the Vietnamese at 6:30 p.m.
The home bet is the underdog versus the Vietnamese side that swept and dominated last month’s AVC Challenge Cup at the Rizal Memorial Coliseum. The Filipinas snatched a historic bronze there.
“Well, alam naman po namin na mas malakas ang kalaban and we know our team is young. All we can ask the girls is to do its best while not putting pressure on the team that much,” said the charismatic Alas team leader.
The team lost power spiker Eya Laure and libero Jen Nierva and were replaced by Creamline’s Jema Galanza and National University’s Bella Belen.
Belen’s teammate, Alyssa Solomon, and Galanza’s fellow Creamline star, Tots Carlos, were enlisted into the pool but will not be able to join due to undisclosed reasons.
“It’s great to have new reinforcements in the pool. Experience-wise, marami ang mako-contribute nila sa team,” said De Guzman of Galanza and Belen.
Intriguingly, Nierva’s last-minute withdrawal left the squad with one legitimate libero in Dawn Catindig.
Cherry Nunag was listed as the team’s second libero although she’s known as a natural middle blocker.
The other members of the team are Faith Nisperos, Fifi Sharma, Vannie Gandler, Julia Coronel, Angel Canino, Dell Palomata, Arah Panique, Thea Gagate and Sisi Rondina.
The trek to that VNL dream is long and arduous though as Alas Pilipinas would need to win all its games against Vietnam, the semis and eventually the finals, assuming it could make it that far, to realize it.
In the opener of the meet, Puerto Rico turned back a feisty Kenya 25-20, 25-19, 27-25, to advance to the semis.
Teenage sensation Grace Mar Lopez Villanueva went on attack mode and fired 19 points including 18 on kills while Diana Reyes scattered 10 hits.
Pamella Adhiambo Owino tried to put up a fight for the Kenyans by unloading a match-best 22 points. most of which came in the third set when they tried
to put up a fight and steal the set before eventually falling short in the end.
- 12:00 am