The Gokongwei family’s investment in Shakey’s Pizza Asia Ventures Inc. is resulting in synergies between the Gokongwei’s retail business and the restaurant chain. In a disclosure to the Philippine Stock Exchange, Shakey’s announced plans to reopen Project Pie at Shopwise Hypermarket...
Savemore, a grocery chain owned by SM Retail through SM Markets, has branched out to a new format called Savemore Express as it applies valuable lessons learned about how new local community needs will continue on even after the pandemic. While a regular Savemore store typically covers 1,500 to...
From Japan to the Philippines, optical chain Owndays opens its 56 th store in Okada, which happens to be the world’s only Japanese-owned integrated resort. These two valuable brands team up to provide a unique optical experience to their customers. Owndays boasts of its simple and quick price...
Gov’t borrows P360 billion from small investors By Chino S. Leyco The Duterte government completed its borrowing from small investors through the sale of retail Treasury bonds (RTB), the Bureau of the Treasury announced. In a statement, Monday, Nov. 29, the Treasury said the government sold...
Small Filipino savers can now take a piece of the government's latest Retail Treasury Bond (RTB) sale. Bureau of the Treasury office The Bureau of the Treasury has launched an offering of five-and-a-half-year RTBs that fetched a coupon rate of 4.625 percent. The offer period runs until Nov. 26,...
Cebu-based retailer Metro Retail Stores Group Inc. (MRSGI) narrowed its losses to P306.41 million in the first nine months of 2021 from a net loss of P421.87 million in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said that quarter-on-quarter, MRSGI tapered...
Despite the re-imposition of stricter Covid-19 lockdowns within the third quarter, Pilipinas Shell Petroleum Corporation netted P3.4 billion in the first nine months this year. The oil firm profoundly regained its financial strength from P13.9-billion loss it registered on a comparative period last...
Speculation about a possible policy rate adjustment and higher full-year inflation pushed up the yield for long-term Philippine debt papers. At a Bureau of the Treasury auction on Tuesday, Nov. 9, the interest rate for the 10-year Treasury bond went up to 5.130 percent from 4.468 percent last...
Banks pressed for an increase in Philippine benchmark interest rates for short-term loans as the government mulls borrowing from small investors before the end of the year through the sale of retail Treasury bonds (RTB). At Monday's auction of Treasury bills on Nov. 8, the bellwether 91-day T-bill...
SM Markets, a unit of SM Retail, has partnered with some restaurants to make their products available inside the supermarket. In a statement, it said products of partner restaurants such as ready-to-cook and ready-to-eat meals have been allowed to be marketed at the SM Markets for the customers’...
The Department of Finance (DOF) said the Philippines needs the passage of key economic reform measures to bring in more capital and spur job creation in the medium- to long-term. Finance Undersecretary Gil S. Beltran said Friday, Oct. 15, that Congress should pass the amendments to the Foreign...
WalterMart, SM Retail’s Luzon-based supermarket chain, continues to expand with the opening of news stores was well as by strengthening its digital presence. The retail chain announced the opening two more new stores in CALABARZON (Cavite, Laguna, Batangas, Rizal and Quezon). It recently opened...
