Malacañang has denied reports that Department of Tourism (DOT) Secretary Christina Frasco is facing removal and that aviation executive Stanley Ng will replace her following criticisms of her leadership. Presidential Communications Office (PCO) Undersecretary Claire Castro said this amid reports...
Antitrust watchdog Philippine Competition Commission (PCC) has approved the ₱146-million acquisition by Robinsons Retail Holdings Inc. (RRHI) of Premiumbikes Corp., a motorcycle retailer in the Philippines owned by Lance Gokongwei. In a resolution dated Nov. 6, 2025, PCC cleared RRHI’s planned...
The Gokongwei Group’s Robinsons Retail Holdings, Inc., posted a 3.9 percent improvement in core net earnings to ₱4.2 billion in the first nine months of the year, with the growth driven by gross margin expansion. In a disclosure to the Philippine Stock Exchange, the firm said core net earnings...
Stanley 1913, the global lifestyle brand synonymous with iconic design and trusted performance, announced its partnership with global superstar Jennie, founding member of K-pop group Blackpink, to launch the new Quencher Luxe Tumbler and All Day Slim Luxe Bottle as part of the Stanley 1913 x Jennie...
The Gokongwei Group’s Robinsons Retail Holdings, Inc. reported a 66.9 percent plunge in attributable net income to ₱2.3 billion in the first half of the year, mainly due to the one-time gain from the Bank of the Philippine Islands – Robinsons Bank merger booked in early 2024. In a disclosure...
Robinsons Supermarket Corp., a wholly owned subsidiary of the Gokongwei Group’s Robinsons Retail Holdings Inc. (RRHI), is expanding into the motorcycle business by acquiring 100 percent of Lance Gokongwei’s Premiumbikes Corp. for ₱146.4 million. In a disclosure to the Philippine Stock...
Robinsons Retail Holdings, Inc., a member of the Gokongwei Group, has reacquired 22.2 percent of the company’s stock from GCH Investments Pte. Ltd., a subsidiary of DFI Retail Group, for ₱15.77 billion. In a disclosure to the Philippine Stock Exchange, RRHI said it has reacquired 315.31 million...
Gokongwei-led Robinsons Retail Holdings, Inc. expects to benefit from higher reciprocal tariffs between the U.S. and its trading partners, as it may eventually lead to oversupply and higher margins for dry goods. “We think the imposition of higher U.S. tariffs on its trading partners could lead...
Gokongwei-led Robinsons Retail Holdings, Inc. is seeing a recovery as its customers are now making bigger purchases at their wide array of stores that includes supermarkets, appliances, pharmaceuticals, and fashion/apparel. “This year is off to a strong start, with the ongoing recovery in basket...
Incoming Philippine Airlines (PAL) President Richard Nutall (left) and incoming Executive Vice President and Chief Operating Officer (COO) Carlos Luis Fernandez (right) Flag carrier Philippine Airlines (PAL) has appointed British national and veteran airline industry executive Richard Nuttall as...
Monde Nissin Corporation COO Michale Stanley D. Tan Food and beverage firm Monde Nissin Corporation is sending its Chief Operations Officer, Michael Stanley D. Tan, to its UK-based meat alternative business, which has been facing financial challenges, to make it more efficient. In a...
Robinsons Retail Holdings, Inc. reported that its attributable net income more than doubled to P10.27 billion last year from P4.1 billion in 2023 due to the one-time gain from the merger of Robinsons Bank into the Bank of the Philippine Islands booked in the first quarter. In a disclosure to the...
