Coca-Cola Beverages Philippines, Inc. (CCBPI) suspended operations on a day-to-day basis in at least four plants due to the sugar shortage.
According to CCBPI corporate and regulatory affairs director Juan Lorenzo Tañada, the plants are located in Imus, Naga City, Davao, and Zamboanga.
Workers in these plants continue to receive their salaries without working.
Coca-Cola said the local soft drink industry needs at least 450,000 metric tons of premium refined bottle grade sugar to utilize its full manufacturing capacity for the rest of 2022.


Trump Suspends Some Morocco Fertilizer Tariffs to Ease U.S. Supply Shortage
Asian Currencies Stay Range-Bound as Investors Eye China Data, RBNZ Outlook and U.S.-Iran Ceasefire
Baige Online Shares Soar 333% in Hong Kong IPO Debut as AI Insurance Demand Lifts Chinese Listings
US Judge Seeks Explanation for DOJ’s Decision to Drop Gautam Adani Bribery Case
Global Financial Firms Shift Asia Expansion Focus to South Korea as China, India Face Caution
RBA Minutes Signal Australia Central Bank Remains Ready to Raise Interest Rates if Inflation Persists
Momenta Launches Hong Kong IPO to Raise Up to $751 Million for AI and Robotaxi Expansion
Gold Price Falls as Fed Rate Hike Fears and U.S.-Iran Tensions Weigh on Bullion
Asian Stocks Slip as US-Iran Ceasefire Hopes Lift Oil, Dollar Strength Persists
Canada Grants C$7 Million to Greenland Molybdenum Mine to Strengthen Critical Minerals Supply
Italy Investigates Microsoft Over Microsoft 365 AI Subscription Price Hike
US Stock Futures Rise as US-Iran Ceasefire Hopes Boost Market Sentiment
Asian Stocks End Strong Quarter as Dollar Surges, Yen Hits 40-Year Low Ahead of US Jobs Data
China Expands Export Controls, Adds 20 Japanese Companies to Restricted List
SpaceX, Charter Communications Explore Mobile Partnership to Expand Starlink Wireless Service
Japan Targets 1%+ Real Economic Growth With ¥370 Trillion Investment Plan
Firmus Partners With Nvidia to Deliver 170,000 AI GPUs in $30 Billion Cloud Infrastructure Deal 



