New laws in the Philippines are expected to support mergers and acquisition (M&A), which declined in 2022 to $8.1 billion in value for 33 deals from $9.961 billion in 2021, as companies capitalize on this strategy to expand and grow their business, according to consultancy firm PwC Philippines....
The Securities and Exchange Commission has approved the merger of Robinson’s Supermarket Corp. (RSC), a wholly-owned subsidiary of Robinsons Retail Holdings, Inc., with Robinsons Convenience Stores, Inc. (RCSI). Under the approved terms and conditions of Articles and Plan of Merger, Robinsons...
Senate Majority Leader Joel Villanueva today threw his support behind plans of the Department of Finance (DOF) to launch retail treasury bonds targeted at overseas Filipino workers (OFWs). This, according to Villanueva, is s a great investment opportunity for the OFWs described as the country’s...
Mindful shopping at its best It's always a challenge to find unique gifts to give this holiday season, so here are two bazaars you can check out this December. There's no better time to support local—and both are having it in Power Plant Mall, Rockwell. Artwork by Ariana Maralit Soirée by Retail...
The Marcos administration plans to borrow more in US dollars as the Department of Finance (DOF) said the government is looking at tapping the hard-earned savings of overseas Filipino workers (OFWs). During a Kapihan sa Manila Bay Forum on Wednesday, Nov. 30, DOF Secretary Benjamin E. Diokno said...
Robinsons Retail Holdings, Inc. reported a 62.7 percent jump in attributable net income to P4.4 billion in the first nine months of 2022 from P2.7 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said its core net earnings increased by 72.6 percent to...
MR D.I.Y. has done it again. The largest home improvement retailer has been named Frost & Sullivan’s 2022 Company of the Year in the Malaysia Home Improvement Retail Industry. In 2020, MR D.I.Y. was accorded the Market Leadership Award, and in 2021, for the very first time, the Company of the...
The Department of Finance (DOF) will continue borrowing mostly from the domestic debt markets under the Marcos administration on the back of the growing appetite of Filipino retail investors in government securities. In a statement on Tuesday, Aug. 23, Finance Secretary Benjamin E. Diokno said...
Small Filipino savers wanting to take a piece of President Marcos’ first retail Treasury bond (RTB) sale would earn higher interest rates than prevailing market rates. The Bureau of the Treasury has launched on Tuesday, Aug. 23, the government’s new 5.5-year RTB, raising an initial P162.72...
President Ferdinand Marcos Jr. will sell his first retail Treasury bond (RTB) to small Filipino savers, the Bureau of the Treasury announced on Friday, Aug. 19. In a notice, the Treasury bureau said the national government will launch next week another RTB, offering a minimum principal amount of...
Don Rae, Senior Advisor for Globe Business, Enterprise Group, was joined on stage by (from left) Sam Gregory Lim, NRCE 2022 Conference Chairman and Vice President of Blims Lifestyle Group; Rosemarie B. Ong, PRA President & Senior Executive Vice President, Chief Operating Officer of Wilcon...
The 28th National Retail Conference and Stores Asia Expo (NRCE) – organized by the Philippine Retailers Association (PRA), the country’s biggest organization of top-notch retailers and prime movers in the retail industry – lived up to its billing as the most important and grandest retail...
