SM Store Makati SM Investments Corp.’s retail arm, SM Retail Inc., reported that its efforts to tap into the rapidly growing Gen Z demographic as a new consumer market is bearing fruit. Data from the SM Store, the department store business of SM Retail, reveals a 13-percent increase in in-store...
Gaisano-led Metro Retail Stores Group Inc. (MRSGI) reported a 1.4-percent dip in net income to ₱609.42 million last year, from the ₱618.02 million earned in 2023, due to non-cash charges driven by its ongoing expansion program. In a disclosure to the Philippine Stock Exchange (PSE), the firm...
The Department of Agriculture (DA) is considering the imposition of a maximum suggested retail price (MSRP) on garlic and eggs as market prices remain stubbornly high. Agriculture Secretary Francisco Tiu Laurel recently conducted a market inspection at Mega Q Mart in Quezon City, in which...
The maximum suggested retail price (MSRP) for imported rice will be lowered from ₱49 per kilo to ₱45 beginning March 31, according to Agriculture Secretary Francisco Tiu Laurel. In a statement, Laurel said the MSRP was reduced following the continued decline in global rice prices. “At...
(MANILA BULLETIN) The Department of Agriculture (DA) must step up its campaign on ensuring that sellers and suppliers comply with the maximum suggested retail price (MSRP) for pork. This, AGRI Party-list Rep. Wilbert T. Lee cited recent...
DA sets MSRP for pork in Metro Manila starting March 10, aiming to lower prices for consumers. The Department of Agriculture (DA) will implement a maximum suggested retail price (MSRP) for pork in wet markets across Metro Manila beginning Monday, March 10, in a bid to lower prices. The MSRP...
SM Retail Inc is a premium sponsor of the 3rd Retail Leaders’ Summit, hosted by the Philippine Retailers Association. With the theme "Retail Recharge: Inspiring Strategies for Retail Success," this year’s summit serves as a platform for industry leaders to exchange ideas, spark innovation, and...
ACT-CIS Party-list Rep. Erwin Tulfo (Facebook) ACT-CIS Party-list Rep. Erwin Tulfo is batting for all basic food items to have a suggested retail price (SRP) in order to prevent certain businessmen from manipulating their prices. The...
The maximum suggested retail price (MSRP) for imported rice, currently set at ₱52 per kilo, will be lowered to ₱49 beginning next month, according to Agriculture Secretary Francisco Tiu Laurel. The new price cap to take effect on March 1 marks the first time the MSRP will go below the ₱50...
The Department of Agriculture (DA) is exploring the prospect of buying pork and directly selling the commodity to retailers, allowing the agency to cut through potential layers of profiteering as pork prices continue to rise. DA Secretary Francisco Tiu Laurel recalled that during his meeting with...
James L. Go, Chairman of the Gokongwei Group’s flagship JG Summit Holdings Inc., has been bargain-hunting and scooped up ₱48.13 million worth of shares of subsidiaries Robinsons Retail Holdings Inc. (RRHI) and Universal Robina Corporation (URC) this week. As stock analysts are optimistic about...
Metro Retail Stores Group, Inc. (MRSGI), the supermarket and department store chain of Cebu’s Gaisano family, is optimistic about its growth opportunities in the Visayas. In a disclosure to the Philippine Stock Exchange, the firm said it is aggressively expanding its retail network through...
