Monde budgets P7.2B to boost bakery, biscuit production

Monde Nissin Corp. of billionaire Betty Ang will earmark P7.2 billion in capital expenditures (capex) this year mainly to expand its production plants and boost operations in its flagship segment. Jesse Teo, Monde chief financial officer, last week said the capex would be funded by their “robust” operating cash flow. According to Teo, 86 percent
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