Century Pacific stands by P8-9B capex amid headwinds

CENTURY PACIFIC FOOD, Inc. (CNPF) is maintaining its P8-billion to P9-billion capital expenditure (capex) program this year despite weaker consumer confidence, higher operating costs, and geopolitical uncertainties, as the listed food manufacturer bets on sustained demand for affordable food and continued strength in its export business. “Our capex this year is about P8-9 billion, and […]