by ev3v4hn | Aug 1, 2020 | Business News
Gokongwei-led multibrand retailer Robinsons Retail Holdings Inc. (RRHI) saw a 33.2-percent year-on-year decline in second quarter net profit to P719 million with sales weighed down by the shutdown of most stores in line with the government-sanctioned quarantine measures against the COVID-19 pandemic. This brought RRHI’s first semester net income to P1.64 billion, down by 4.1 […]
by ev3v4hn | Jul 20, 2020 | Business News
MANILA, Philippines — The amount spent by the government to build infrastructure during the first five months declined 12.2 percent year-on-year to P235.2 billion as construction of public projects stopped at the height of the COVID-19 quarantine which was said to be...
by ev3v4hn | Jul 15, 2020 | Business News
Empire East president and CEO Atty. Anthony Charlemagne Yu Residential property developer Empire East has generated P2.4 billion in reservation sales since March 17 this year despite the lockdown measures that were imposed by the government to curb the coronavirus...
by ev3v4hn | Jul 8, 2020 | Business News
MANILA, Philippines – Bank loans grew at a slower pace in May as the Philippine government’s quarantine measures meant to slow the spread of the coronavirus pandemic prevented more fresh credit from being underwritten despite lower interest rates, according to the...
by ev3v4hn | Jul 3, 2020 | Business News
MANILA, Philippines — Despite the health crisis inflicted by COVID-19, some unscrupulous importers tried to take advantage and brought in over P244 million in smuggled or fake personal protective equipment (PPEs) and other medical supplies mostly from China. In a...
