Grocery retailing has always been a symbiotic relationship of buyers and sellers co-existing to meet consumer demand. 40 years ago, as grocery retailers in developed global economies grew and increased their market share, they in turn established more power and influence over their suppliers. The resulting effect on prices, product choice and innovation for shoppers had often been overlooked, as had the impact on the sustainability of production and consumption.

PROPERTY developer Century Properties Group Inc (CPG) and Mitsubishi Corp yesterday signed a deal to create a joint venture corporation that will bring to the Philippine property market more than US$1 billion in affordable homes over the next five years.