Metro Retail’s 2024 profit dips despite sales growth, expansion push
Metro Retail Stores Group Inc. (MRSGI), the Gaisano family’s retail arm, reported a slight 1 percent decline in net income to ₱609.42 million in 2024 from ₱618.02 million a year earlier, as rising sales were tempered by tighter margins and strategic shifts in business mix.
DoubleDragon acquiring control of MerryMart in P1.28-B deal
DoubleDragon Corp. is acquiring the 35 percent stake of Injap Investments Inc. in grocery chain operator MerryMart Consumer Corp. for P1.28 billion, marking a strategic move that aligns with its ongoing transformation into a diversified investment holding company.
SEC-SM tandem launches videos vs scams
The Securities and Exchange Commission (SEC), in partnership with BDO Foundation, has unveiled new investor protection materials aimed at safeguarding the public from financial investment scams.
SM Prime sees strong demand for mall-based offices, accelerates provincial expansion
SM Prime Holdings Inc. reported robust demand for its mall-based office spaces, driven by a growing preference among businesses for mixed-use developments that offer convenience, accessibility, and quality infrastructure.
SM strengthens cultural commitment with heritage restorations
SM is reinforcing its legacy not only as a commercial powerhouse but as a steward of Filipino cultural heritage, as seen in its recent restoration of historically significant landmarks.
