The maximum suggested retail price (MSRP) for imported rice, currently set at ₱52 per kilo, will be lowered to ₱49 beginning next month, according to Agriculture Secretary Francisco Tiu Laurel. The new price cap to take effect on March 1 marks the first time the MSRP will go below the ₱50...
The Department of Agriculture (DA) is exploring the prospect of buying pork and directly selling the commodity to retailers, allowing the agency to cut through potential layers of profiteering as pork prices continue to rise. DA Secretary Francisco Tiu Laurel recalled that during his meeting with...
James L. Go, Chairman of the Gokongwei Group’s flagship JG Summit Holdings Inc., has been bargain-hunting and scooped up ₱48.13 million worth of shares of subsidiaries Robinsons Retail Holdings Inc. (RRHI) and Universal Robina Corporation (URC) this week. As stock analysts are optimistic about...
Metro Retail Stores Group, Inc. (MRSGI), the supermarket and department store chain of Cebu’s Gaisano family, is optimistic about its growth opportunities in the Visayas. In a disclosure to the Philippine Stock Exchange, the firm said it is aggressively expanding its retail network through...
The Sy family’s flagship SM Investments Corporation (SMIC) expects to stay on its long-term growth trajectory, banking on the Philippines’ resilient consumption-led economy, synergies across its business segments, and strong consumer fundamentals. “The Philippine economy remains...
The Department of Agriculture (DA) is still studying the potential of implementing a maximum suggested retail price (MSRP) on pork as the agency investigates the possibility of profiteering. Agriculture Secretary Francisco Tiu Laurel said the MSRP will be imposed once profiteering has been...
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...
The Department of Agriculture (DA) will reduce the maximum suggested retail price (MSRP) of imported rice from ₱58 to ₱55, effective on Wednesday, Feb. 5. The price reduction is part of the DA’s ongoing efforts to stabilize rice prices and alleviate inflationary pressures on basic...
Quezon 1st district Rep. Mark Enverga (left), Marikina City 2nd district Rep. Stella Luz Quimbo (PPAB) Solons blasted the Department of Agriculture (DA) for insisting on the hefty maximum suggested retail price (MSRP) of P58 per kilo...
The Philippine Retailers Association (PRA) is welcoming the plan of the Department of Agriculture (DA) to have groceries and convenience stores sell affordable rice, ranging from P29 to P45. PRA President Roberto Claudio gave this affirmation on the sidelines of the 2025 CEO Awards in Bonifacio...
Department of Agriculture (DA) Secretary Francisco Tiu Laurel is optimistic that the planned rollout of affordable rice, with prices ranging from P29 to P45 per kilo, in groceries and convenience stores starting Feb. 15 will help influence the market “to be more reasonable.” Laurel told...
The Department of Agriculture (DA) said it is eyeing partnerships with the country’s major retail companies to expand the availability of affordable rice nationwide. In a statement on Thursday, Jan. 23, the DA said this initiative aims to stabilize rice prices and provide greater access for...
