Listed firm Aboitiz Power Corporation logged 32-percent surge in consolidated net income last year to P27.5 billion from a leaner P20.8 billion in 2021. The company said its profit’s significant hike “was primarily due to fresh contributions from GNPD (GNPower Dinginin) and higher availability...
Small Filipino investors swamped the government’s latest retail bond sale, prompting the Bureau of the Treasury to end the offer period ahead of schedule after orders exceeded the target. In a statement on Thursday, Feb. 16, National Treasurer Rosalia V. De Leon said the bureau raised P283.71...
The Bureau of the Treasury closed its retail bond offering ahead of schedule after demand reached more than government’s target. National Treasurer Rosalia V. De Leon announced on Wednesday, Feb. 15, that the bureau raised P283.71 billion through the sale of 5.5 year retail treasury bond...
Small Filipino savers wanting to take a piece of the government’s retail Treasury bond (RTB) sale would earn higher interest rates than prevailing market rates. The Bureau of the Treasury launched on Tuesday, Feb. 7, the government’s new 5.5 year RTB, raising an initial P162.2 billion as total...
Aiming to help Filipinos who have been suffering due to rising prices of goods, a suggested retail price (SRP) has been issued for red onions, setting this at P125 per kilogram now which is much lower than the previous retail prices that even reached P600 per kilogram. Red onions (Photo courtesy of...
Industry newcomer Mabuhay Energy Corporation (MECO) is firming up the investment cost for its planned rollout of 200 megawatts of pure-renewable energy (RE) developments for implementation over several years. In an interview with Mabuhay Energy CEO Sherwin G. Hing, he indicated that the initial...
The Department of Finance (DOF) said the national government is looking at selling euro-denominated retail bonds targeted at overseas Filipinos. Finance Secretary Benjamin E. Diokno said the Bureau of the Treasury is studying the possible domestic issuance of retail treasury bonds (RTB) in euro...
Robinsons Retail Holdings, Inc., a member of the Gokongwei Group, reported a 26.7 percent growth in attributable net income to a record P5.7 billion last year from P4.53 billion in 2021. In the disclosure to the Philippine Stock Exchange, the firm said its 2022 earnings performance eclipsed the...
SM Investments Corporation is optimistic about its prospects this year as it pushes forward with its expansion and growth plans to reach more communities. “We are investing in the future growth of the Philippines as it continues to present tremendous potential,” SM Investments Corporation...
Medicines (File Photo) Amid the increasing cost of some basic commodities in the Philippines, the prices of medicines in the country remain stable, the Department of Health (DOH) said. This was based on the recent monitoring of medicine prices in December last year, said DOH Officer-in-Charge Maria...
In its latest biennial report in December 2022, the European Commission’s Counterfeit and Piracy Watch List identified the Baclaran, Cartimar, Divisoria and Greenhills markets in Metro Manila, Philippines as offering a wide range of counterfeit goods on retail and wholesale basis. This is the...
Robinsons Retail Holdings Inc. (RRHI), a member of the Gokongwei conglomerate, is set to acquire an additional 4.4 percent stake in Bank of the Philippine Islands worth almost P20 billion bringing the retail firm's stake to 6.8 percent and the entire Gokongwei group's shareholdings in the...
