SM Retail, a unit of SM Investments Corporation, reported double-digit growth in sales from the SM STORE’s “Call to Deliver” service. In a statement, the firm said this proves that they are able to deliver the convenience, range and high service levels that customers expect of SM. The growth...
Metro Retail Stores Group, Inc. (MRSGI) reported a higher net loss of P181.9 million in the first half of 2021 from the P84.7 million incurred in the same period last year as it continued to reel from the effects of the pandemic. “The prevailing threat of the COVID-19 pandemic undermines the...
The Bureau of the Treasury will team up with the country’s leading banks to let small investors buy at easy terms retail dollar bonds (RDBs) that the government is planning to issue this year to fulfill part of its domestic financing requirements. National Treasurer Rosalia de Leon said several...
SM Investments Corporation (SMIC) reported a 183 percent jump in consolidated net income to P20.1 billion in the first half of 2021 from the P7.1 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said consolidated revenues rose 4 percent to...
The financial rebound of leading oil firm Petron Corporation is now on solid footing as it concluded this year’s first half with P3.87 billion net income, a phenomenal ricochet from P14.24 billion net loss in the same period last year. The oil firm’s operating income at P8.95 billion similarly...
Aggressively fueled by ‘robust sales’, the net income of Uy-led Phoenix Petroleum Philippines Inc. had climbed 9.0-percent to P132 million in the second quarter vis-à-vis a leaner income of P121.3 million earnings in the last quarter. If compared to second quarter last year, the oil firm’s...
EDITORS DESK BERNIE CAHILES-MAGKILAT The remaining strands of protection for domestic enterprises from majority foreign control will be lifted once the three pending economic bills are passed into law. In his last state of the nation address, President Duterte made a last ditch appeal to Congress...
Medium Rare Jullie Y. Daza With the passing of Henry Sy, and Glecy and Bienvenido Tantoco, best known as the lords of retail who changed the shopping landscape of our cities in the last century, what do their descendants have up their sleeve? Their ancestors are a tough act to follow. Expert...
The Bureau of the Treasury is planning to sell the Philippine government’s first retail dollar-denominated bond (RDB) targeted mainly at overseas Filipino investors. During a virtual briefing on Thursday, July 15, National Treasurer Rosalia V. de Leon said the government is firming up the details...
Here are some of the items that are up for grab Here's your mid-year retail therapy We are now on the halfway mark of 2021 and a hopeful light can be seen after more than a year in the pandemic. As vaccine rollouts continue to happen in the Philippines, us meeting the world again safely and...
In this new world, safety is priority The COVID-19 pandemic and the consequent lockdowns and movement restrictions compelled Filipino consumers to shift from cash to digital payments, and the use of digital platforms for fund transfers, InstaPay, and PESONet has increased tremendously. As of...
GrowSari, a Philippine B2B E-commerce player, has raised US$30 million in funding to date from global marquee investors including China’s Tencent, International Finance Corporation, and the Gokongwei Group. 17716 Founded in 2016, GrowSari is a tech-enabled B2B platform that outfits Philippine...
