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Retailers report mixed 3rd quarter results

2017-11-12 bworldonline
In a regulatory filing, Metro Retail Stores Group, Inc. (MRSGI) said its net income surged by 108% to  P148.95 million in the July to September period, from the P12.6 million it generated in the same period in 2016. Third- quarter net sales went up 2% to P7.98 billion. (15-0)

Duterte tax reform spells stimulus for retailers

2017-10-11 bworldonline
MAU Dizon, a marketing officer in one of the largest Philippine banks, is among millions of Filipino taxpayers who stand to benefit from President Rodrigo R. Duterte’s tax reform plan that aims to return to consumers P860 billion ($17 billion) over five years. (9-0)

Indonesia falls on foreign selling, Philippines pulls back from record

2017-10-11 themalaymailonline
Against the trend, Thai stocks climb as much as 0.7 per cent to a fresh 24-year high. — Reuters picSINGAPORE, Oct 11 — Indonesian shares fell today as foreign investors turned net sellers ahead of the release of the US Federal Reserve's September meeting minutes, while Philippine shares hit a fresh record before paring the gains. (2-0)

Duterte’s US$17b tax changes spell stimulus for retailers

2017-10-11 themalaymailonline
Employees load up shopping carts at a supermarket in Paranaque city, Manila October 31, 2016. — Reuters picMANILA, Oct 11 — Mau Dizon, a marketing officer in one of the largest Philippine banks, is among millions of Filipino taxpayers who stand to benefit from President Rodrigo Duterte’s tax reform plan that aims to return to consumers 860 billion pesos (US$17 billion or RM70.9 billion) over five years. (9-0)

Ayala Land mulls options on FamilyMart

The retail venture between property giant Ayala Land Inc. and SSI Group Inc. is looking at various options to shore up the Philippine convenience store chain under the FamilyMart brand amid cutthroat market competition. (10-0)

Stock index ends higher on late bargain-hunting

The benchmark Philippine Stock Exchange index (PSEi) managed to reverse course and close yesterday’s session with a gain on what an analyst attributed to last-minute bargain-hunting. (26-0)

Late bargain hunting props up share prices

2017-09-27 philstar
MANILA, Philippines — Share prices recovered yesterday after the main composite index made a last minute turnaround as investors decided to look for bargains just before the market closed. (11-0)

Filipino Billionaire Gets a Taste for E-Commerce as Alibaba Looms - Bloomberg

2017-09-27 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (86-0)

Stocks slip as investors continue to cash in on gains

2017-09-27 philstar
The benchmark Philippine Stock Exchange index (PSEi) plunged 74.59 points to settle at 8,170.14 while the broader All Shares index shed 30.79 points, or 0.63 percent, to end at 4,831.86. (11-0)

RRHI to join PSEi, replacing EDC

Gokongwei retailer Robinsons Retail Holdings Inc. is set to debut on the Philippine Stock Exchange index effective Sept. 28, replacing geothermal firm Energy Development Corp. (EDC). (11-0)

Business as usual for Toys R Us Philippines

2017-09-21 philstar
MANILA, Philippines — Toys “R” Us stores in the Philippines remain open for business and are not affected by the financial restructuring of Toys “R” Us Inc, the largest toy store in the United States.

Business as usual for Toys R Us in PH

In this Friday, Nov. 25, 2016, file photo, shoppers shop in a Toys R Us store on Black Friday in Miami. Toys R Us, the pioneering big box toy retailer, announced late Monday, Sept. 18, 2017 it has filed for Chapter 11 bankruptcy protection while continuing with normal business operations. AP FILE

Robinsons Retail nets P996M

Gokongwei-led retailer Robinsons Retail Holdings Inc. posted a 26.9 percent year-on-year growth in first quarter net profit to P996 million, driven by higher sales from its expanding store network coupled with improved margins and cost-saving measures.

Tax reform seen to push PSEi beyond 8,000

Enacting the tax reform program this year is the key catalyst that would bring the Philippines to a new economic “supercycle” that could lift the main stock barometer beyond the 8,000, the chief of BPI Securities said.

DTI partners with Robinsons to promote MSME products

2017-02-08 philstar
MANILA, Philippines – The Department of Trade and Industry and publicly-listed Robinsons Retail Holdings Inc. have entered into an agreement to support the products of micro, small and medium enterprises (MSMEs) as well as the administration’s drug rehabilitation efforts.