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The local stock barometer slid to the 7,100 levels on Friday as fund managers scrambled to realign their portfolios in anticipation of main index rebalancing.
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.
Robinsons Retail is the second largest multi-format retailer in the Philippines and operates various formats of retail outlets, from departmental stores to convenience stores.
MANILA, Philippines – Cosco Capital Inc., the investment holding firm of retail magnate Lucio Co, grew its net income 9.3 percent to P5.05 billion in the nine months to September this year, the company said in a statement.
MANILA, Philippines - Puregold Price Club Inc., the listed grocery retailer of businessman Lucio Co, reported a consolidated net income of P3.65 billion in the nine months to September, up 14 percent from P3.2 billion a year ago.
MANILA, Philippines – Puregold Price Club Inc. of retail tycoon Lucio Co is stepping up its expansion in Mindanao as it turns more optimistic on business prospects under the present administration.
PUREGOLD 3RD YEAR ‘KAINDUSTRYA’ FOOD BIZ CONVENTION – Shown during the ribbon-cutting ceremonies to open the Puregold 3rd KAINdustriya Foodbiz Convention on Sept. 20, 2016 at the World Trade Center in Pasay City are (from left): BPI Globe BanKO CEO John Rubio; Purefoods VP for Sales and Distribution Philip Macahilig; Del Monte head of Sales Eggy Honasan; P&G General Manager Shankar Viswanathan; CDO President and CEO Jerome Ong; Nutri-Asia President and COO Angie Flaminiano; Puregold VP for National Operations Antonio delos Santos; Puregold Vice Chairman Susan Co; Puregold Chairman Lucio Co; Puregold President Vincent Co; Cosco President Leonardo Dayao; Nestlé CEO Jacques Reber; Unilever Philippines Food Solution Managing Director James Benedict Carreon; Monde Nissin Corporation National Sales Director Samuel Sih; and Universal Robina Corporation VP for Sales Albert Fernandez.
Some of them were poorer by hundreds of millions of dollars as the stock market pulled back from the peak last year, but they remained the 50 wealthiest people in the Philippines.
SINGAPORE - Not a single firm from Singapore has made it onto Forbes Asia's 2016 Fabulous 50, which was again dominated by Chinese companies for the sixth consecutive year.
HOMEGROWN fast-food giant Jollibee Foods Corp., grocery chain operator Puregold Price Club and multi-format retailer Robinsons Retail made it to Forbes Asia magazine’s “Fabolous 50” List of the region’s best publicly traded big companies.
THE LOCAL stock barometer is seen to test the record high level of 8,127 this year on the back of “rock-solid” underlying macroeconomic backdrop and Pres. Rodrigo Duterte’s commitment to higher infrastructure spending, local investment house First Metro Investment Corp. said.
Cosco Capital Inc., the retail investment arm of Lucio Co, will continue to distribute half of the country’s supply of Fundador brandy, even though Andrew Tan’s Emperador Inc. had recently acquired Bodegas Fundador of Jerez, Spain.
MANILA, Philippines – Puregold Price Club Inc. of retail tycoon Lucio Co is venturing into e-commerce to capitalize on the popularity of shopping using the Internet.
In honor of its “entrePinoys,” Puregold is hosting a grand get-together for the country’s sari-sari store owners with the 11th Tindahan Ni Aling Puring (TNAP) Sari-Sari Store Convention. The Sari-Sari Store Convention is a five-day event that aims to recognize the role of neighborhood retail warriors in keeping the “pambansang negosyo” vibrant.
MANILA, Philippines - Puregold Price Club Inc. said its net income hit P5 billion in 2015, up 10.6 percent year on year amid strong consumer demand.