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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.

Robinsons Retail: A Leading Player In The Under-Penetrated Philippines Retail Industry

2017-02-15 seekingalpha
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.

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.

Which Food Companies Should I Consider To Buy?

2016-10-19 seekingalpha
With the world's population set to reach 9.7 billion people by around 2050, there will be an ever increasing demand placed on sourcing clean energy, water and food.

Shell IPO may be biggest yet

The Philippine Stock Exchange has approved a plan by the local unit of Royal Dutch Shell to sell as much as P29.7 billion worth of shares in what could be a landmark initial public offering (IPO) in October.

Listed firms rebound with better performance in H1

2016-09-13 philstar
MANILA, Philippines – Listed companies performed better in the first half of the year compared to the first quarter, leading online brokerage firm COL Financial said.

Robinsons spends P3.53 B for retail

2016-08-15 philstar
MANILA, Philippines - Robinsons Retail Holdings Inc. (RRHI) spent P3.53 billion in the first half or more than two-thirds of the full year budget as as it continues to grow its business.

Robinsons Retail acquires North Mindanao hardware

2016-08-01 philstar
MANILA, Philippines - Robinsons Retail Holdings Inc. (RRHI) the retailing arm of the Gokongwei Group, has acquired De Oro Pacific Home Plus Depot, a big box hardware company in Northern Mindanao.

Pilipinas Shell sets P30B stock debut

THE PHILIPPINE unit of century-old Royal Dutch Shell plans to sell as much as P29.7 billion worth of shares via an initial public offering, executing a much-awaited stock market debut mandated by the downstream oil industry deregulation law of 1998.

Cement-maker Cemex debuts strongly at PSE on infra push

CEMEX HOLDINGS PHILIPPINES LISTED ON PSE – CEMEX Holdings Philippines President Pedro Jose Palomini (second from left) leads the ringing of the bell to open trading on the shares of his company at the Philippine Stock Exchange on July 18, 2016 while Finance Secretary Carlos Dominguez (2nd from right) and CEMEX Asia, Middle East and Africa President Joaquin Estrada (left) and PSE Chairman Jose Pardo (right) applaud.

JP Morgan: P25B Cemex IPO warmly received

THE FIRST cement company to debut on the local stock exchange in two decades has drawn strong investor interest on the back of the country’s strong growth story and Pres. Rogrigo Duterte’s resolve to boost infrastructure spending, arranger JP Morgan said.

Latin America's Morning Espresso: June 30

2016-06-30 seekingalpha
Latin American currencies jumped as investors scooped up bargains following a sell-off triggered by Britain's decision to leave the European Union.

UPDATE 1-Philippine unit of Mexico's Cemex prices IPO near low end of range

2016-06-30 reuters
MANILA, June 30 Cemex Holdings Philippines Inc , a unit of Mexican cement giant Cemex, will raise $535.8 million in the Southeast Asian nation's third-largest IPO, pricing its shares at the low end of the indicative range.