Listed Canner Alliance Select Foods International, Inc. (ASFII) has purchased six more commercial fishing vessels from BSJ Fishing & Trading, Inc. in a bid to increase its direct access to fishing grounds. In a disclosure to the Philippine Stock Exchange (PSE) yesterday, Alliance Select said it sealed the deal with BSJ Fishing and Trading last Friday. "With the acquisition of the fishing vessels, ASFII expects to ease its dependence on fish suppliers for its tuna business as it will give the company direct access to raw materials," Alliance Select said in its disclosure.

de la Fuente, F. J. G. (2012, September 11). Tuna canner buys more fishing boats. Philippine Daily Inquirer, p. A1.