MANILA, Philippines (AFP) — Swiss food giant Nestle said Tuesday it would spend two billion pesos ($43 million) in the Philippines on a plant to produce a key ingredient for its Milo beverage. Nestle Philippines chairman Jacques Reber said the plant, due to be completed in October 2017, would produce a malt extract currently imported from Singapore. Eventually the new plant will provide the local supply, possibly using Philippine-grown cassava which in turn will help […]