Corporate
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 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.
NGCP disconnects TPVI Naga power plants from grid
Aboitiz Power Corp. said Wednesday that its wholly-owned subsidiary, Therma Power-Visayas, Inc. (TPVI), received confirmation from the National Grid Corp. of the Philippines (NGCP) regarding the disconnection of its power assets in Naga City, Cebu.
