India-based Wipro Consumer Care International (WCCI) is acquiring local personal care firm S Brands Consumer Care Inc. to deepen its presence in the Philippines. WCCI signed a definitive agreement on Tuesday, July 21, to purchase 100 percent of S Brands ' shares, marking its second major...
The Tarlac City government has intensified its campaign against counterfeit and illicit products with the creation of the Tarlac City Anti-Contraband Task Force, a multi-agency body tasked with strengthening enforcement against illicit tobacco cigarettes and other contraband goods while protecting...
MerryMart Consumer Corp. (MM), now almost fully owned by DoubleDragon Corp. (DD) after a tender offer, has formally filed its petition for voluntary delisting from the Philippine Stock Exchange (PSE). To support its bid to be delisted from the bourse, MM said that, on June 24, 2026, the block sale...
DoubleDragon Corp. Chairman and Chief Executive Officer (CEO) Edgar “Injap” Sia II has increased his stake in the company by buying more shares from the market after the stock price corrected from its one-year high of ₱12.90 per share reached on June 19. The firm informed the Philippine Stock...
Factory gate prices accelerated further in May, bucking the easing in consumer inflation as higher manufacturing costs reached their fastest pace in more than three years, driven mainly by the electronics industry. The latest preliminary Philippine Statistics Authority (PSA) data on Tuesday, June...
Filipino consumers are falling behind their Asian neighbors in bouncing back from the Covid-19 pandemic as low-paying jobs, shrinking savings, and slowing remittances hit household spending. According to a report by Dutch bank ING, while shoppers in India and Japan have resumed pre-pandemic...
Philippine corporate executives turned less pessimistic about the economic outlook last month, betting that a revival in consumer spending will shore up corporate earnings even as households grew increasingly anxious over job security and dwindling finances. According to the Bangko Sentral ng...
DoubleDragon Corp. has acquired nearly 99 percent of MerryMart Consumer Corp.’s minority shares through a mandatory tender offer, clearing the path for the grocery retail chain to voluntarily delist from the Philippine Stock Exchange (PSE) The ₱758 million transaction, internally dubbed...
MerryMart Consumer Corp., the grocery retail chain controlled by tycoon Edgar Sia II, plans to voluntarily delist from the local bourse following the takeover bid by affiliate developer DoubleDragon Corp. In a disclosure to the Philippine Stock Exchange, the firm said that the supermarket...
DoubleDragon Corp., the real estate venture led by tycoons Tony Tan Caktiong and Edgar Sia II, has scheduled its ₱758-million mandatory tender offer for the minority shares of MerryMart Consumer Corp. to begin on May 18, 2026. The tender offer period will run until June 16, 2026, and covers 1.58...
The inflation-targeting Bangko Sentral ng Pilipinas (BSP) is expected to raise the policy rate by 25 basis points (bps) to 4.5 percent to confront war-driven price hikes head-on, according to investment banking giant Goldman Sachs. “Given its price stability mandate, we believe the BSP will hike...
The Department of Agriculture (DA) secured a temporary toll fee waiver for trucks transporting agricultural goods, part of the strategic push to lower logistics expenses, stabilize retail food prices, and shield farmers’ earnings from volatile fuel costs. In a statement on Friday, April 17,...
