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...
The Bureau of the Treasury has launched the government’s first onshore issue of dollar bonds catering to small investors who are looking for a low-risk, accessible and higher-yielding investment. At the price-setting auction on Wednesday, Sept. 15, the Bureau of Treasury raised an initial $866.2...
Need new items to help you make your WFH setup fit for work? Are your riding gears in dire need of replacements? Here's the best place to purchase your needs without even going out. Photo by Screen Post from Unsplash SM Deals is launching great bargains, discounts, and offers you can avail of at...
SM Retail, a unit of SM Investments Corporation, reported double-digit growth in sales from the SM STORE’s “Call to Deliver” service. In a statement, the firm said this proves that they are able to deliver the convenience, range and high service levels that customers expect of SM. The growth...
Metro Retail Stores Group, Inc. (MRSGI) reported a higher net loss of P181.9 million in the first half of 2021 from the P84.7 million incurred in the same period last year as it continued to reel from the effects of the pandemic. “The prevailing threat of the COVID-19 pandemic undermines the...
The Bureau of the Treasury will team up with the country’s leading banks to let small investors buy at easy terms retail dollar bonds (RDBs) that the government is planning to issue this year to fulfill part of its domestic financing requirements. National Treasurer Rosalia de Leon said several...
SM Investments Corporation (SMIC) reported a 183 percent jump in consolidated net income to P20.1 billion in the first half of 2021 from the P7.1 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said consolidated revenues rose 4 percent to...
The financial rebound of leading oil firm Petron Corporation is now on solid footing as it concluded this year’s first half with P3.87 billion net income, a phenomenal ricochet from P14.24 billion net loss in the same period last year. The oil firm’s operating income at P8.95 billion similarly...
Aggressively fueled by ‘robust sales’, the net income of Uy-led Phoenix Petroleum Philippines Inc. had climbed 9.0-percent to P132 million in the second quarter vis-à-vis a leaner income of P121.3 million earnings in the last quarter. If compared to second quarter last year, the oil firm’s...
EDITORS DESK BERNIE CAHILES-MAGKILAT The remaining strands of protection for domestic enterprises from majority foreign control will be lifted once the three pending economic bills are passed into law. In his last state of the nation address, President Duterte made a last ditch appeal to Congress...
