TODAY'S BUSINESS HEADLINES

Century Pacific sets debut on FTSE Index

Century Pacific's president Christopher Po and chairman Ricardo Po are seen in file photo in earlier CNPF listing. On March 20, the country's largest canned food company will be added to FTSE Index’s Small Cap and AllCap categories,

InterAksyon.com means BUSINESS

MANILA - Century Pacific Food Inc. (CNPF), the Philippines’ largest canned food company, is set to make its debut on the highly-tracked FTSE Global Equity Index Series for Asia Pacific ex-Japan.

CNPF will be added to FTSE Index’s Small Cap and AllCap categories effective March 20, 2017.

The Company’s inclusion in the FTSE Global Equity Index Series is the result of a semi-annual review on more than 7,400 securities in 47 different countries.

FTSE Indexes serve as performance benchmarks and aid in the creation of a broad range of financial products, including index tracking funds, derivatives, and Exchange Traded Funds.

“We will continue to share our investment story as we believe that the Philippine growth story remains alive and well,” said CNPF’s Chief Finance Officer Oscar Pobre.

“Even as we face a more challenging environment this year, we remain positive on our Company’s long-term prospects,” he added.

CNPF earlier made its debut on the MSCI Philippine Small Cap Index last May 31, 2016.

The Philippines’ largest canned food company, Century Pacific Food, Inc is engaged in the development, marketing, and distribution of processed fish, meat, dairy, and coconut under its own brands, as well as the brands of others. It maintains market leadership locally in the canned fish and canned meat segments, while actively growing its presence in canned and powdered milk. It is also the Philippines’ leading exporter of private label tuna and coconut products.

advertisement
OTHER BUSINESS STORIES
BREAKING NEWS