The Marcos administration is set to offer Filipinos the opportunity to grow their hard-earned savings by investing at least P5,000 in the government’s upcoming retail Treasury (RTB) bond sale. The Bureau of the Treasury has announced that the government intends to raise more than P30 billion...
The Gokongwei Group’s Robinsons Retail Holdings Inc. posted a 29.5 percent drop in attributable net income due to foreign exchange losses and the impact of the merger of Robinsons Bank with the Bank of the Philippine Islands (BPI). In a disclosure to the Philippine Stock Exchange (PSE), the firm...
The Department of Finance (DOF) announced that the national government plans to borrow from small Filipino investors in the first three months of the year to cover its budget shortfall. In statement on Friday, Jan. 19, the DOF has stated that the Bureau of the Treasury is preparing to issue another...
Malls and stores are amassing an influx of customers as Christmas draws near. However, shopping preferences have shifted over the years with 83 percent of Filipinos saying they prefer purchasing from brands that offer eco-friendly options, according to a Pulse Asia survey released early 2023. ...
Robinsons Retail Holdings Inc. (RRHI), a member of the Gokongwei Group, reported that its acquisition of Rose Pharmacy Inc. has been cleared by the Philippine Competition Commission (PCC). Under a share purchase agreement dated Sept. 25, 2020, RRHI, through its subsidiary South Star Drug Inc.,...
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....
