MPower, the retail electricity arm of Manila Electric Company (Meralco), will provide 100 percent renewable energy (RE) to SM Retail, Inc.'s largest establishments in Pasay City, including its headquarters. The agreement, announced on Wednesday, January 22, allows SM Retail to source its...
Metro Retail Stores Group Inc. (MRSGI) is expanding its neighborhood grocery concept by opening new branches and converting existing stores to this format. In a disclosure to the Philippine Stock Exchange (PSE), the firm said it continues to reinforce its presence in the country’s retail sector...
Sy-led SM Investments Corporation, through SM Store and SM Retail, has partnered with Mastercard and SM Foundation to launch a new initiative aimed at empowering Filipino students pursuing careers in Science, Technology, Engineering, and Mathematics (STEM). In a statement, the conglomerate said...
Robinsons Retail Holdings Inc. (RRHI), a member of the Gokongwei Group, aims to grow revenue by opening more stores, particularly expanding high-growth businesses like neighborhood supermarkets, pet retail, and hard-discount stores. During the Philippine Stock Exchange's Strengthening Access and...
Metro Retail Stores Group Inc. (MRSGI) of Cebu’s Gaisano family suffered a 19.6 percent drop in net income to P204.7 million in the first nine months of 2024 from P254.6 million in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the firm said the decline in...
SM Investments Corporation, the flagship of the Sy family, reported a nine percent growth in consolidated net income to P60.9 billion in the first nine months of 2024 from P55.9 billion in the same period last year on stronger earnings of its banking and property units. In a disclosure to the...
Maintaining peace, fostering good diplomatic relations, and representing their home country’s values are some of the responsibilities of foreign ambassadors and diplomats. Apart from their work at the embassies, they are also known for immersing themselves in their host country’s heritage...
Robinsons Retail Holdings Inc., a member of the Gokongwei Group, reported a 7.6 percent improvement in core net earnings to P4.1 billion in the first nine months of 2024 from the P3.79 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the firm said...
The Department of Trade and Industry (DTI) wants to boost trade and investment opportunities with AEON Retail Co., Ltd., Japan's largest retailer, to strengthen economic ties between the two countries. Acting DTI Secretary Cristina A. Roque recently met with executives from AEON Retail Co., Ltd. to...
SM Investments Corporation is seen to perform better in the second half of this year as it benefits from the traditionally stronger sales for the retail business during the long Christmas season. Macquarie Capital Securities (Philippines), Head of Research Gilbert Lopez said in a research reports...
Retail price growth for general goods in Metro Manila posted a slight uptick in July this year, the Philippine Statistics Authority (PSA) reported. Preliminary PSA data revealed that the general retail price index (GRPI) for the National Capital Region (NCR) settled at 1.9 percent...
Metro Retail Stores Group Inc. (MRSGI) of Cebu’s Gaisano family reported a 27 percent drop in net income to P100.4 million in the first half of 2024 from P136.8 million in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the firm explained that “despite the...
