The Philippines’ goods trade with the rest of the world grew faster in February, ahead of the conflict in the Middle East posing a threat to the country’s exports. The latest preliminary Philippine Statistics Authority (PSA) data on Friday, March 27, showed that total external trade rose 10.7...
Robinsons Retail Holdings Inc. (RRHI), the retail arm of the Gokongwei family’s business empire, is seeking to voluntarily delist from the Philippine Stock Exchange (PSE) following the proposed ₱18.37 billion tender offer by its controlling shareholder. In a disclosure to the PSE, the firm...
Alsons Consolidated Resources Inc., the publicly listed power arm of the Alcantara Group, reported a slight decline in full-year net income for last year as the company’s push into renewable energy was tempered by impairment losses from its fossil-fueled power plants. In a statement, the energy...
Mary Grace Foods Inc., the local bakery chain that expanded from a 1990s bazaar kiosk into a 140-store domestic powerhouse, is making its first foray into international markets with a debut branch in Singapore. In a briefing, Mary Grace Dimacali, Mary Grace Foods president and chief executive...
Business groups expect the full implementation of the law suspending or reducing excise taxes on petroleum products to cushion the impact of rising prices on the operations of businesses across the country. In a statement, the Philippine Exporters Confederation Inc. (Philexport) said it welcomes...
The Federation of Filipino Chinese Chambers of Commerce and Industry Inc. (FFCCCII) has expressed support for the government’s move to revive joint oil and gas exploration talks with China, citing the need for energy security amid global volatility. “FFCCCII welcomes the pronouncement of...
GMA Network Inc. is taking the Securities and Exchange Commission (SEC) to court to block the new regulation that forces long-serving independent directors to vacate their seats. In a petition for certiorari filed Thursday, March 26, with the Regional Trial Court of Makati, GMA sought to nullify...
GT Capital Holdings Inc., the investment arm of the Ty family, is confident of weathering the current crisis spawned by the conflict in the Middle East. “With a strong balance sheet and a diversified portfolio, we are confident in our ability not only to withstand near-term headwinds but also to...
Rie Miyake, president of Honda Cars Philippines Inc. (HCPI), pauses conversation whenever she is introduced. She is the first woman president of HCPI, and in a male-dominated automotive industry, that title is cause for a respectful smile, especially during Women’s Month. Though the title is...
Philippine Geothermal Production Co. (PGPC), the renewable energy arm of SM Investments Corp., is accelerating development of its domestic steam fields to buffer the Philippines from volatile global energy prices as conflict in the Middle East threatens fuel supply chains. In a briefing on Tuesday,...
Chiang Kai Shek College closed out its elimination campaign with a bang, stunning erstwhile undefeated Al Cars-Hope Christian High School, 91-78, in the Smart Sports Fil-Chinese Athletic Association Inc. presented by Tanduay Athletics held Monday, March 23, at the Tanduay gym in Quiapo, Manila....
D&L Industries Inc., the Philippines’ largest producer of specialty plastics and oleochemicals, warned that the conflict in Iran will disrupt global supply chains for months, clouding the outlook for the company that just reported a double-digit rise in annual profit.
In a virtual briefing on...
