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...
Reinforced by the company’s strategies anchored on cost management strategies and injecting efficiency across its supply chain, the first quarter financial performance of Shell Pilipinas Corporation this year leaped to P1.4 billion from P800 million within the comparative three-month stretch in...
Anchoring it on a ‘refreshed strategy’, listed firm Shell Pilipinas Corporation will be tightening its belt with leaner capital expenditures (capex) rollout of just P2.0 billion to P3.0 billion this year, roughly half from last year’s P5.0 to P6.0 billion of programmed capital spending....
Robinsons Retail Holdings Inc. (RRHI), a member of the Gokongwei Group, is seeking to accelerate its expansion outside of Metro Manila—mainly through its supermarket and drugstore businesses. RRHI President and CEO Robina Gokongwei-Pe During the firm’s annual stockholders’ meeting, RRHI...
Metro Retail Stores Group, Inc. (MRSGI) of Cebu’s Gaisano family reported a 32.6 percent drop in net income to P618 million last year from the P917.3 million earned in 2022. In a disclosure to the Philippine Stock Exchange, the firm said that, in terms of core net income which excludes one-time...
Robinsons Retail Holdings, Inc. (RRHI), a member of the Gokongwei Group, reported an 8.5 percent growth in core net earnings to P1.2 billion in the first quarter of 2024 versus the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said core net earnings exclude...
Metro Retail Stores Group Inc. (MRSGI) of Cebu’s Gaisano family has inaugurated and started the operation of its distribution center in Santa Rosa, Laguna as part of the retail firm’s Luzon growth initiative. In a disclosure to the Philippine Stock Exchange, the firm said the Metro Distribution...
Qualified big-ticket contestable customers in Mindanao can finally exercise ‘power of choice’ on contracting their electricity services as the Energy Regulatory Commission (ERC) has already opened that segment of the industry for retail competition. Similar to the threshold for Luzon and...
The Department of Finance (DOF) said the Marcos administration is on track to meet its borrowing requirements for the year, which will provide the necessary funding for government programs and projects. With a total financing goal of P2.46 trillion for 2024, the government plans to secure 75...
Small Filipino investors swarmed the government's retail treasury bond (RTB) sale, reaching another record driven by the attractive interest rate being offered. The Bureau of the Treasury announced that the national government raised a total of P584.86 billion through the sale of five-year RTBs,...
