Metro Retail Stores Group Inc. (MRSGI) of Cebu’s Gaisano family suffered a 19.6 percent drop in net income to P204.7 million in the first nine months of 2024 from P254.6 million in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the firm said the decline in...
SM Investments Corporation, the flagship of the Sy family, reported a nine percent growth in consolidated net income to P60.9 billion in the first nine months of 2024 from P55.9 billion in the same period last year on stronger earnings of its banking and property units. In a disclosure to the...
Maintaining peace, fostering good diplomatic relations, and representing their home country’s values are some of the responsibilities of foreign ambassadors and diplomats. Apart from their work at the embassies, they are also known for immersing themselves in their host country’s heritage...
Robinsons Retail Holdings Inc., a member of the Gokongwei Group, reported a 7.6 percent improvement in core net earnings to P4.1 billion in the first nine months of 2024 from the P3.79 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the firm said...
The Department of Trade and Industry (DTI) wants to boost trade and investment opportunities with AEON Retail Co., Ltd., Japan's largest retailer, to strengthen economic ties between the two countries. Acting DTI Secretary Cristina A. Roque recently met with executives from AEON Retail Co., Ltd. to...
SM Investments Corporation is seen to perform better in the second half of this year as it benefits from the traditionally stronger sales for the retail business during the long Christmas season. Macquarie Capital Securities (Philippines), Head of Research Gilbert Lopez said in a research reports...
Retail price growth for general goods in Metro Manila posted a slight uptick in July this year, the Philippine Statistics Authority (PSA) reported. Preliminary PSA data revealed that the general retail price index (GRPI) for the National Capital Region (NCR) settled at 1.9 percent...
Metro Retail Stores Group Inc. (MRSGI) of Cebu’s Gaisano family reported a 27 percent drop in net income to P100.4 million in the first half of 2024 from P136.8 million in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the firm explained that “despite the...
Client-awardees of the Renewable Energy Enabler Awards (REENA) bestowed by ACEN Managing Director and COO for Philippine Operations Miguel de Jesus and Ayala Corporation Chief Sustainability and Risk Officer Jaime Urquijo. A scion of the Zobel-led conglomerate has called on businesses...
The Philippine subsidiary of American energy giant Chevron Corporation has beefed up its retail network by bringing into commercial stream 18 new service stations within this year’s first half to reach broader base of customers who are loyal to its Caltex brand. Chevron Philippines Country...
Lopez-led First Gen Corporation will supply geothermal-generated electricity to global cement firm Holcim for the operation of its manufacturing plants in Mindanao. That green power supply draw will be a key component of the latter’s decarbonization journey. In the power supply agreement (PSA)...
With leaner aggregate revenues logged in the six-month stretch, the net income of Alsons Consolidated Resources Inc. (ACR) in the first half had declined by roughly 10% to P1.06 billion from the year-ago level of P1.17 billion. If reckoned solely on second quarter performance, the company’s...
