SM Investments Corporation is optimistic about its prospects this year as it pushes forward with its expansion and growth plans to reach more communities. “We are investing in the future growth of the Philippines as it continues to present tremendous potential,” SM Investments Corporation...
Medicines (File Photo) Amid the increasing cost of some basic commodities in the Philippines, the prices of medicines in the country remain stable, the Department of Health (DOH) said. This was based on the recent monitoring of medicine prices in December last year, said DOH Officer-in-Charge Maria...
In its latest biennial report in December 2022, the European Commission’s Counterfeit and Piracy Watch List identified the Baclaran, Cartimar, Divisoria and Greenhills markets in Metro Manila, Philippines as offering a wide range of counterfeit goods on retail and wholesale basis. This is the...
Robinsons Retail Holdings Inc. (RRHI), a member of the Gokongwei conglomerate, is set to acquire an additional 4.4 percent stake in Bank of the Philippine Islands worth almost P20 billion bringing the retail firm's stake to 6.8 percent and the entire Gokongwei group's shareholdings in the...
New laws in the Philippines are expected to support mergers and acquisition (M&A), which declined in 2022 to $8.1 billion in value for 33 deals from $9.961 billion in 2021, as companies capitalize on this strategy to expand and grow their business, according to consultancy firm PwC Philippines....
The Securities and Exchange Commission has approved the merger of Robinson’s Supermarket Corp. (RSC), a wholly-owned subsidiary of Robinsons Retail Holdings, Inc., with Robinsons Convenience Stores, Inc. (RCSI). Under the approved terms and conditions of Articles and Plan of Merger, Robinsons...
Senate Majority Leader Joel Villanueva today threw his support behind plans of the Department of Finance (DOF) to launch retail treasury bonds targeted at overseas Filipino workers (OFWs). This, according to Villanueva, is s a great investment opportunity for the OFWs described as the country’s...
Mindful shopping at its best It's always a challenge to find unique gifts to give this holiday season, so here are two bazaars you can check out this December. There's no better time to support local—and both are having it in Power Plant Mall, Rockwell. Artwork by Ariana Maralit Soirée by Retail...
The Marcos administration plans to borrow more in US dollars as the Department of Finance (DOF) said the government is looking at tapping the hard-earned savings of overseas Filipino workers (OFWs). During a Kapihan sa Manila Bay Forum on Wednesday, Nov. 30, DOF Secretary Benjamin E. Diokno said...
Robinsons Retail Holdings, Inc. reported a 62.7 percent jump in attributable net income to P4.4 billion in the first nine months of 2022 from P2.7 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said its core net earnings increased by 72.6 percent to...
MR D.I.Y. has done it again. The largest home improvement retailer has been named Frost & Sullivan’s 2022 Company of the Year in the Malaysia Home Improvement Retail Industry. In 2020, MR D.I.Y. was accorded the Market Leadership Award, and in 2021, for the very first time, the Company of the...
The Department of Finance (DOF) will continue borrowing mostly from the domestic debt markets under the Marcos administration on the back of the growing appetite of Filipino retail investors in government securities. In a statement on Tuesday, Aug. 23, Finance Secretary Benjamin E. Diokno said...
