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PHILIPPINES: Tanduay projects income up, but denies San Mig talks

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The Philippine rum maker Tanduay Holdings Inc, announced today that it expects its net income this year to rise to 500m pesos ($10m) from last year's Peso421.45m.  And the San Miguel competitor also confirmed it had no plans to sell a stake in the company. Despite the positive projections, net income in the first quarter was likely to be lower than the same year-ago period, the company said.


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