Politics · Philippines Bureau
Senator questions Cale88 Foods operations with minimal staff despite huge revenue
Senator Joel Villanueva raised concerns Friday about Cale88 Foods Corp.'s unusually small workforce relative to its reported financial performance. The company, linked to Vice President Sara Duterte's business interests, reportedly operates with only two employees despite generating over P150 million in revenue.
LSN Philippines ·
MANILA — Senator Joel Villanueva expressed alarm at what he characterized as suspicious operational metrics for Cale88 Foods Corp., citing the stark disparity between the company's reported financial figures and its minimal workforce.
According to Villanueva, the food company claimed only two employees on its roster while simultaneously reporting revenues exceeding P150 million and losses surpassing P6 million during a specified period.
The senator's remarks came during proceedings related to Vice President Sara Duterte's business holdings, which include Cale88 Foods Corp. The company's financial records and staffing levels are among several matters being examined in connection with the vice president's various commercial interests.
The concerns raised about the company's operational structure highlight questions regarding the relationship between Cale88's stated employee count and its financial performance, suggesting potential irregularities in how the company conducts its business activities.