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...
The government on Friday, Oct. 8, listed its first onshore retail dollar bonds (RDBs) in the Philippine Dealing and Exchange Corp. (PDEX), bringing closer to fulfilling its twin goals of deepening the domestic capital markets and broadening financial inclusion. During the listing, Finance Secretary...
Small investors who were looking for a low-risk, accessible and higher-yielding investment swamped the government’s first onshore issue of retail dollar bonds, the Bureau of the Treasury announced. Based on a report submitted by National Treasurer Rosalia V. de Leon to Finance Secretary Carlos G....
SM Retail, a subsidiary of SM Investments Corp., is continuing the expansion of Pet Express on growing demand for pet companionship during this pandemic. In a statement Friday, Sept. 24, SM Retail said it is opening three stores this year. “In the wake of hard lockdowns, the need for pet...
Robinsons Retail Holdings, Inc. (RRHI) now has 870 drugstores with the opening of Rose Pharmacy’s newest store in Lapu-Lapu City, Cebu. Combined with Southstar Drug, Rose Pharmacy is part of RRHI's aggressive pipeline to expand its drugstore business across the Philippines. Formal Opening of Rose...
The Senate has ratified the bicameral conference committee report on the bill that would open up the Philippines to more foreign investors. Senate of the Philippines plenary hall (Senate PRIB) Senators on Monday, September 20, approved the bicam report which reconciled the disagreeing provisions of...
Finance Secretary Carlos G. Dominguez III urged small investors to invest in the government’s maiden onshore retail dollar bond (RDBs) offering, saying it is a “win-win proposition” that will promote financial inclusion while raising funds for the country’s coronavirus response. Finance...
