The Sy family’s flagship SM Investments Corporation (SMIC) expects to stay on its long-term growth trajectory, banking on the Philippines’ resilient consumption-led economy, synergies across its business segments, and strong consumer fundamentals. “The Philippine economy remains...
The Department of Agriculture (DA) is still studying the potential of implementing a maximum suggested retail price (MSRP) on pork as the agency investigates the possibility of profiteering. Agriculture Secretary Francisco Tiu Laurel said the MSRP will be imposed once profiteering has been...
Robinsons Retail Holdings, Inc. reported that its attributable net income more than doubled to P10.27 billion last year from P4.1 billion in 2023 due to the one-time gain from the merger of Robinsons Bank into the Bank of the Philippine Islands booked in the first quarter. In a disclosure to the...
The Department of Agriculture (DA) will reduce the maximum suggested retail price (MSRP) of imported rice from ₱58 to ₱55, effective on Wednesday, Feb. 5. The price reduction is part of the DA’s ongoing efforts to stabilize rice prices and alleviate inflationary pressures on basic...
Quezon 1st district Rep. Mark Enverga (left), Marikina City 2nd district Rep. Stella Luz Quimbo (PPAB) Solons blasted the Department of Agriculture (DA) for insisting on the hefty maximum suggested retail price (MSRP) of P58 per kilo...
The Philippine Retailers Association (PRA) is welcoming the plan of the Department of Agriculture (DA) to have groceries and convenience stores sell affordable rice, ranging from P29 to P45. PRA President Roberto Claudio gave this affirmation on the sidelines of the 2025 CEO Awards in Bonifacio...
Department of Agriculture (DA) Secretary Francisco Tiu Laurel is optimistic that the planned rollout of affordable rice, with prices ranging from P29 to P45 per kilo, in groceries and convenience stores starting Feb. 15 will help influence the market “to be more reasonable.” Laurel told...
The Department of Agriculture (DA) said it is eyeing partnerships with the country’s major retail companies to expand the availability of affordable rice nationwide. In a statement on Thursday, Jan. 23, the DA said this initiative aims to stabilize rice prices and provide greater access for...
MPower, the retail electricity arm of Manila Electric Company (Meralco), will provide 100 percent renewable energy (RE) to SM Retail, Inc.'s largest establishments in Pasay City, including its headquarters. The agreement, announced on Wednesday, January 22, allows SM Retail to source its...
Metro Retail Stores Group Inc. (MRSGI) is expanding its neighborhood grocery concept by opening new branches and converting existing stores to this format. In a disclosure to the Philippine Stock Exchange (PSE), the firm said it continues to reinforce its presence in the country’s retail sector...
Sy-led SM Investments Corporation, through SM Store and SM Retail, has partnered with Mastercard and SM Foundation to launch a new initiative aimed at empowering Filipino students pursuing careers in Science, Technology, Engineering, and Mathematics (STEM). In a statement, the conglomerate said...
Robinsons Retail Holdings Inc. (RRHI), a member of the Gokongwei Group, aims to grow revenue by opening more stores, particularly expanding high-growth businesses like neighborhood supermarkets, pet retail, and hard-discount stores. During the Philippine Stock Exchange's Strengthening Access and...
