Home improvement and finishing construction supplies retailer Wilcon Depot reported that its net income declined by 31.8 percent to P1.45 billion last year. In a disclosure to the Philippine Stock Exchange, the firm said net sales decreased by 7.5 percent to P22.63 billion as the COVID-19 pandemic...
SM Investments Corporation (SMIC) registered a net income of P23.4 billion last year, 48 percent lower than the P44.6 billion earned in 2019. Due to the impact of the COVID-19 pandemic, The firm’s consolidated revenues declined to P394.2 billion in 2020 from P502.0 billion in the year before....
The proposed Coconut Farmers and Industry Trust Fund Act or Coco Levy Act, which will pave the way for the release and the utilization of the P100-billion coco levy fund, will lapse into law next week. This is 30 days since the enrolled copy of the Coco Levy Act has been sent to Malacanang on...
GOVERNANCE MATTERS Former Vice President Jejomar Binay Most observers have attributed the unprecedented rise in hunger and poverty to the administration’s monumental failure to respond quickly to the threat of COVID-19 and its reliance on strict lockdowns that grounded the economy for months....
Robinsons Retail Holdings Inc. has expanded its e-commerce site gorobinsons.ph to include DIY format Handyman Do it Best and No Brand, a franchise from EMart of Korea. In a disclosure to the Philippine Stock Exchange, RRHI said that, with the inclusion of Handyman Do it Best on the platform,...
Rabiya Mateo Miss Universe Philippines 2020 Rabiya Mateo has said that women are as capable as men when it comes to leadership. “Women are as capable as men in handling a nation,” said Mateo when she took on the Missosology Beauty Talks Q&A challenge recently. “I am a woman and I believe...
GOVERNANCE MATTERS Former Vice President Jejomar Binay For most economic experts, the Philippines has yet to break out of the phenomenon known as “jobless growth.” If there were jobs created from the Business Process Outsourcing (BPO) boom, for example, these were jobs in urban areas...
OF TREES AND FOREST Former Senate President Manny Villar The next key step in our battle to fight the COVID-19 pandemic is to ensure that the vaccines can be administered to our people in the safest and fastest way possible. This is very important so that we can reduce infections and deaths due to...
Millions of people from 63 nations convened online last Feb. 6 to call for the healing of the nation and the world at the Rally of Hope Philippines sponsored by the Universal Peace Federation, (UPF), an NGO holding general consultative status with the United Nations. Dubbed “One Million People...
OF TREES AND FOREST Former Senate President Manny Villar I read an interesting interview with Microsoft co-founder Bill Gates over the weekend. A couple of years ago he was asked about work-life balance and this was what he had to say then: "For my particular way of being, it is true that I did not...
GOVERNANCE MATTERS Former Vice President Jejomar Binay An inclusive economy should help lift the burdens of the people, rewarding their labors and helping them meet their basic needs. It must help local entrepreneurs grow by providing them a climate that encourages them to innovate, improve, and...
The proposed Coconut Farmers and Industry Trust Fund Act or Coco Levy Act, which will pave the way for the release of the P100-billion coco levy fund, is just awaiting the signature of President Rodrigo Duterte. Business Bulletin learned that the copy of the Coco Levy Act has already been sent to...
