Robinsons Retail Holdings, Inc. (RRHI), a member of the Gokongwei Group, reported a 39.2 percent growth in attributable net income to P4.5 billion last year, boosted by its strong performance in the fourth quarter of 2021. In a disclosure to the Philippine Stock Exchange, RRHHI said its net sales...
The national government successfully borrowed P457.8 billion from small Filipino savers. The Bureau of the Treasury announced Tuesday, March 1, that the government raised P337 billion during the two-week offer period for the retail treasury bonds (RTBs), while the P120.8 billion were awarded during...
The Bureau of the Treasury has raised an initial P120.76 billion well above the P30-billion on offer from the government's new five-year retail Treasury Bond (RTB) that generated total tenders of P183.44 billion at the launch Tuesday, Feb. 15. The Treasury said small Filipino savers wanting to take...
The government will sell P30 billion, its first retail Treasury bond (RTB) for the year catering to small Filipino savers, the Bureau of the Treasury announced. In a notice, the Treasury bureau said the government will launch this month another RTB, offering a minimum principal amount of P30...
Two members of the Gokongwei group, Robinsons Land Corporation (RLC) and Robinsons Retail Holdings Inc. (RRHI), have made it to the 2022 Bloomberg Gender-Equality Index (GEI). RLC and RRHI comprise half of the only four listed companies in the Philippines included in this year’s roster, alongside...
The Department of Finance (DOF) said the recently approved amendments to retail trade liberalization law along with other economic loosening initiatives will support the continued recovery of trade and economic activity in the country. Finance Undersecretary Gil S. Beltran said the nearly a quarter...
In 1995, we got a glimpse of the future of fashion through the movie “Clueless.” No, it is not about the plaid-argyle costumes but Cher Horowitz’s virtual wardrobe. A computer presents an image of her and allows her to mix and match pieces. It was the most-envied closet of the time. Still...
NEDA cites 3 crucial economic measures By Chino S. Leyco The National Economic and Development Authority (NEDA) has identified three economic liberalization measures that are crucial in accelerating economic growth this year and beyond. In a statement, Socioeconomic Planning Secretary Karl Kendrick...
Gokongweis buying out Japanese partner in PH Ministop franchise By JAMES A. LOYOLA Robinsons Retail Holdings, Inc. (RRHI) through its wholly owned subsidiary, Robinsons Supermarket Corporation, is buying out its Japanese partner and taking full control of the Ministop franchise in the Philippines....
Senate Minority Leader Franklin M. Drilon on Monday said he is confident that the newly-signed law easing the entry of foreign retail enterprises in the Philippines will help pave the way for the country’s economic recovery. Drilon is referring to Republic Act No. 11595 also known as the Retail...
The Department of Finance (DOF) has commended President Duterte and the members of Congress for the enactment of a law that will further liberalize the economy and open up the country to more foreign direct investments (FDIs). Finance Sec. Carlos Dominguez III In a statement, Finance Secretary...
President Duterte has made it easier for foreigners to invest in the Philippine retail sector. (Mark Balmores/ File photo/ MANILA BULLETIN) This, after Duterte signed into law Republic Act (RA) No.11595, which amended RA No. 8762 or the two-decade old Retail Trade Liberalization Act. The full title...
