Gaisano-led Metro Retail Stores Group Inc. (MRSGI) posted a 36.5 percent drop in net income to P254.6 million in the first nine months of 2023 from the P400.7 million earned in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the firm said profit decline is...
The scale of profitability for Shell Pilipinas Corporation had slowed down to P2.1 billion in this year’s three quarters from a healthier bottom line of P4.4 billion in a comparative period in 2022. The company said its nine-month income had gone up compared to the first half turnout of...
Robinsons Retail Holdings Inc. reported a modest four percent increase in its net earnings to P3.8 billion in the first nine months of 2023 from P3.6 billion in the same period in 2022 as the company remains resilient amid the impact of inflation on consumer spending. In a disclosure to the...
As more retail spaces are built in the third quarter of the year, experts from real estate and investment management firm Colliers have forecasted vacancy rate to further rise to 17 percent next year from 14.l4 percent in the first quarter this year due to new available physical mall space in...
Norway is open to expanding trade and investment ties with the Philippines particularly in the areas of aquaculture and retail industries while also continuing to develop its partnerships in the renewable energy (RE) and maritime sectors. Norwegian Ambassador to the Philippines Christian Halaas...
The Bureau of the Treasury reported that digital platforms have tripled the amount of retail dollar bonds (RDBs) raised, in line with the government's digitalization program. In a statement, Sharon P. Almanza, Treasury bureau office-in-charge, said online order-taking platforms generated $2.56...
President Marcos' first retail dollar bond (RDB) sale successfully raised $1.26 billion, demonstrating a positive response from the public despite the current market conditions, the Department of Finance (DOF) said. During the Chat with SBED briefing on Friday, Oct. 6, Finance Secretary Benjamin E....
The Department of Finance (DOF) said the Marcos administration has successfully surpassed its target proceeds for the sale of onshore retail dollar bonds (RDBs). Finance Secretary Benjamin E. Diokno said on Tuesday, Oct. 3, that the Bureau of the Treasury has generated over $1.03 billion in funds...
EMBARGOED UNTIL MONDAY, OCT. 2, 12:00AM The government's target for the retail dollar bonds (RDB) is expected to be exceeded, as the Bureau of the Treasury reported a strong demand for investment instruments. During the Chat with SBED briefing last Friday, Sept. 29, Officer-in-Charge Treasurer...
President Marcos' chief economic manager is urging Filipinos to capitalize on the opportunity presented by the retail dollar bond (RDB), emphasizing its low-risk profile and convenient investment features. In a statement, Finance Secretary Benjamin E. Diokno said that RDBs are fixed-income...
President Marcos' top economic manager stated that the ongoing sale of dollar-denominated retail Treasury bonds is a major step towards achieving financial inclusion for Filipinos. Finance Secretary Benjamin E. Diokno said the second sale of retail dollar bonds (RDB) contributes to fostering...
The government has successfully raised $611.2 million through the sale of retail dollar bonds (RDBs), marking President Marcos' first-ever issuance of such instruments to local investors, particularly overseas Filipino workers (OFWs). The Bureau of the Treasury had initially planned to offer $200...
