Small Filipino investors swarmed the government's retail treasury bond (RTB) sale, reaching another record driven by the attractive interest rate being offered. The Bureau of the Treasury announced that the national government raised a total of P584.86 billion through the sale of five-year RTBs,...
Investing in the government’s retail bonds is as effortless as ordering a loved one's favorite meal for delivery! Finance Secretary Ralph G. Recto said that retail treasury bonds (RTBs) are readily accessible through a few taps on mobile phones, offering Filipinos both here and abroad secure,...
Finance Secretary Ralph G. Recto emphasized the need to promote a culture of saving and investing in the country, while encouraging Filipinos to consider investing in retail treasury bonds (RTB). “We should instill in our people a mindset that embraces and normalizes a culture of saving and...
Filipino investors seeking to invest their savings with the government can expect a guaranteed return that surpasses the 2023 average inflation rate, data from the Bureau of the Treasury showed. During an auction on Tuesday, Feb. 13, the five-year retail treasury bond (RTB) secured a coupon rate of...
The Marcos administration is set to offer Filipinos the opportunity to grow their hard-earned savings by investing at least P5,000 in the government’s upcoming retail Treasury (RTB) bond sale. The Bureau of the Treasury has announced that the government intends to raise more than P30 billion...
The Gokongwei Group’s Robinsons Retail Holdings Inc. posted a 29.5 percent drop in attributable net income due to foreign exchange losses and the impact of the merger of Robinsons Bank with the Bank of the Philippine Islands (BPI). In a disclosure to the Philippine Stock Exchange (PSE), the firm...
The Department of Finance (DOF) announced that the national government plans to borrow from small Filipino investors in the first three months of the year to cover its budget shortfall. In statement on Friday, Jan. 19, the DOF has stated that the Bureau of the Treasury is preparing to issue another...
Malls and stores are amassing an influx of customers as Christmas draws near. However, shopping preferences have shifted over the years with 83 percent of Filipinos saying they prefer purchasing from brands that offer eco-friendly options, according to a Pulse Asia survey released early 2023. ...
Robinsons Retail Holdings Inc. (RRHI), a member of the Gokongwei Group, reported that its acquisition of Rose Pharmacy Inc. has been cleared by the Philippine Competition Commission (PCC). Under a share purchase agreement dated Sept. 25, 2020, RRHI, through its subsidiary South Star Drug Inc.,...
Gaisano-led Metro Retail Stores Group Inc. (MRSGI) posted a 36.5 percent drop in net income to P254.6 million in the first nine months of 2023 from the P400.7 million earned in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the firm said profit decline is...
The scale of profitability for Shell Pilipinas Corporation had slowed down to P2.1 billion in this year’s three quarters from a healthier bottom line of P4.4 billion in a comparative period in 2022. The company said its nine-month income had gone up compared to the first half turnout of...
Robinsons Retail Holdings Inc. reported a modest four percent increase in its net earnings to P3.8 billion in the first nine months of 2023 from P3.6 billion in the same period in 2022 as the company remains resilient amid the impact of inflation on consumer spending. In a disclosure to the...
