Alcantara-led Alsons Power has sealed its first retail electricity supply (RES) agreement with Holcim Philippines, Inc., a leading supplier of cement and construction aggregates in the country. In the power supply deal inked by the parties, it was stipulated that “Alsons Power will supply 80% of...
The Gokongwei Group’s Robinsons Retail Holdings Inc. reported that its attributable net income surged 3.8 times to P6.8 billion in the first half of 2024 from P1.8 billion in the same period last year due to a one-time gain from the Bank of the Philippine Islands-Robinsons Bank merger in the...
The Gokongwei Group’s Robinsons Retail Holdings Inc. (RRHI) announced that it will have a new president, Stanley C. Co, taking the helm from Robina Gokongwei-Pe who will move up as Chairman of the Board of Directors. In a disclosure to the Philippine Stock Exchange, the firm said that, at the...
Going on trips with the family not only creates lasting memories to be cherished but also strengthens bonds with family members. However, for parents with babies and toddlers, traveling can be challenging, as the stress of keeping them safe and entertained in unfamiliar places can overshadow the...
The Department of Trade and Industry (DTI) is planning to streamline the suggested retail price (SRP) bulletin by removing certain products. In a statement on Wednesday, Junly 3, DTI said this proposal was presented at a recent meeting of the National Price Coordinating Council (NPCC)....
ACEN Corporation of the Ayala group and multilateral lending firm Asian Development Bank (ADB) have solidified their partnership in the “green power revolution” sphere, as the latter has switched on its renewable energy (RE) supply sourcing to the Ayala firm. The bank will procure 100 percent...
SM Advantage Card (SMAC), the country’s biggest retail rewards system, doubled its loyalty base from five million in 2020 to reaching over 10 million members to date as it continues to reach more customers. In a statement, SM Investments Corporation said it has been reinforcing its...
Two Gokongwei Group conglomerates landed in the inaugural Fortune Southeast Asia 500 ranking for 2024, a first-time list of the largest companies in the region ranked by revenue for the 2023 fiscal year. JG Summit Holdings, Inc. (JG Summit) ranked 55th among the 500 largest companies in...
With RES, businesses can achieve significant savings on electricity costs, enhancing overall financial performance. Newsrooms typically race against time to break the latest stories and deliver attention-grabbing headlines to the public with seamless connectivity – hence, access to reliable and...
SM Markets, the retail grocery arm of the SM Group’s SM Retail, is planning to open 10 to 15 new stores outside Metro Manila this year to provide for the essential needs of Filipino communities in underserved areas in the provinces. “Service is at the heart of everything we do. As we grow, we...
A subsidiary of Razon-led Prime Infrastructure Capital Inc. is joining the league of players that are out to dismantle the incumbency and dominance of franchised power utilities, as it also secured a license to offer supply and service as a retail electricity supplier (RES) in the restructured...
Metro Retail Stores Group Inc. (MRSGI) of Cebu’s Gaisano family registered a 16 percent decline in net income to P50.3 million in the first quarter of 2024 from P60 million of the same period a year ago. In a disclosure to the Philippine Stock Exchange (PSE), the firm attributed the lower...
