The brewery says higher excise rates could weaken local manufacturing and investment, while the Finance Ministry argues the revised system retains a tax advantage for domestic producers.
The Philippine fast-food giant says Hong Kong’s deep capital markets and access to global and regional investors better support its international growth ambitions.
Extension visits to all 432 participating farmers are planned over the next two years.
The surcharge will remain in effect indefinitely, and MSC will monitor the situation closely.
The full impact of Reliance’s entry will become clearer over the next 12 to 18 months as the company scales operations and consumer response emerges.