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HSBC to exit US retail banking sector

Agence France-Presse
Posted at May 27 01:20 PM

HSBC announced Wednesday that it is exiting the retail and small business banking market in the United States, in line with its strategy to refocus on corporate and investment banking in Asia. Read more »

Foreign chambers back $200-K minimum capital for retail trade entry

ABS-CBN News
Posted at May 26 03:53 PM

Foreign business groups in the Philippines are backing the House’s proposal to lower the minimum capitalization requirement to $200,000 for foreigners to enter the country’s retail sector.  Read more »

Amazon hit with antitrust suit in US capital city

Rob Lever, Agence France-Presse
Posted at May 26 09:45 AM

Amazon was hit Tuesday with an antitrust suit from the US capital city Washington, claiming the tech giant abuses its dominant position in online retail sales, harming consumers. Read more »

From honey to wine: Robinsons brings taste of Australia to PH with Woolworths

Jessica Fenol, ABS-CBN News
Updated as of May 05 07:37 PM

Robinsons has partnered with Woolworths to bring Australian honey, wines, milk as well as other organic products to the Philippine market. Read more »

Robinsons Retail Holdings posts P945M net income in Q1 as e-commerce sales grow

ABS-CBN News
Posted at Apr 30 10:14 AM

Robinsons Retail Holdings Inc said it posted a net income attributable to equity holders of P945 million for the first quarter of 2021, up 2.4 percent from the same period in 2020 due to efforts made to mitigate impact of COVID-19.   Read more »

Bangko Sentral 'coordinating' with Citibank as Citigroup trims retail banking business

ABS-CBN News
Posted at Apr 23 12:07 PM

The Bangko Sentral ng Pilipinas said Friday it was coordinating with Citi Philippines after the global Citigroup earlier announced the planned exit of its retail banking business in the country.    Read more »

Citigroup trims global consumer banking profile as earnings jump

Agence France-Presse
Posted at Apr 16 11:08 AM

Most of the markets being exited are in Asia, where Citigroup's global consumer banking business at the end of 2020 had $6.5 billion in revenues and $123.9 billion in deposits.   Read more »

Lawmakers have power to revoke order lowering imported pork tariff - Palace

ABS-CBN News
Posted at Apr 13 09:19 PM

Malacañang on Tuesday said it is up to the country's lawmakers if they want to revoke Executive Order No. 128, which modifies the tariffs on imported pork.   Read more »

Price cap di na papalawigin, SRP ipapataw sa imported pork: DA

April Rafales, ABS-CBN News
Posted at Apr 07 03:27 PM

Hindi na umano irerekomenda ng Department of Agriculture na palawigin pa ang price ceiling sa karneng baboy at manok sa Metro Manila, at sa halip ay magpapatupad na lang ang ahensiya ng suggested retail price sa imported pork. Read more »

Price cap di na palalawigin, SRP itatakda sa imported pork: DA

April Rafales, ABS-CBN News
Posted at Apr 07 02:18 PM

Hindi na umano irerekomenda ng Department of Agriculture na palawigin pa ang price ceiling sa karneng baboy at manok sa Metro Manila, at sa halip ay magpapatupad na lang ang ahensiya ng suggested retail price sa imported pork.   Read more »

Walang aprubadong dagdag-presyo sa delata, basic goods: DTI

ABS-CBN News
Posted at Mar 26 07:50 PM

Wala pang naaaprubahang dagdag-presyo sa mga karneng delata at basic goods ang Department of Trade and Industry.   Read more »

SRP sa baboy, manok sa Metro Manila, karatig-probinsiya pinag-aaralan

ABS-CBN News
Updated as of Mar 21 06:46 PM

Piang-aaralan ngayon ng Department of Agriculture na magpatupad ng suggested retail price sa baboy at manok sa Metro Manila at ibang kalapit na rehiyon. Read more »

Japan's malls and restaurants brace for Olympics without foreigners

Daniel Leussink and Mayu Yoshida, Reuters
Posted at Mar 19 03:20 PM

Shopping malls and restaurants in Japan will miss out on a business boom, as Tokyo expects to hold the Olympics without overseas spectators, dealing another blow to industries already on the ropes from the coronavirus Read more »

SM Prime sets P80 billion capex for 2021, eyes 3 new malls

ABS-CBN News
Posted at Mar 08 02:52 PM

SM Prime Holdings said Monday it was expecting to spend at least P80 billion for its capital expenditures for its malls and residential projects this year. Read more »

Treasury sells P463 billion retail bonds in latest offer

ABS-CBN News
Posted at Mar 04 05:37 PM

The Bureau of the Treasury has sold P463.3 billion ($9.53 billion) worth of three-year Retail Treasury Bonds (RTBs), raising 411.8 billion pesos of fresh funds, National Treasurer Rosalia De Leon said on Thursday. Read more »

ALAMIN: Mga industriyang maraming vacancies kahit pandemya

ABS-CBN News
Posted at Feb 26 09:31 PM

Base sa mga tala, mula Marso hanggang Oktubre 2020 ay dumami pa ang vacancies sa ilang industriya.  Read more »

Robinsons Retail net profit drops 25 pct to P2.9 billion in 2020

ABS-CBN News
Posted at Feb 26 05:24 PM

Robinsons Retail Holdings Inc. saw a 25 percent drop in net income last year to P2.9 billion versus 2019's P3.9 billion, as fewer people are going out to buy in stores amid the COVID-19 lockdown restrictions. Read more »

SM Investments net income down 48 percent to P23 billion in 2020

ABS-CBN News
Posted at Feb 26 02:01 PM

SM Investments Corp said Friday its net income declined by 48 percent in 2020 dragged by the impact of the coronavirus pandemic.  Read more »

SRP hirit ng mga magbababoy; consumer group OK sa price cap

ABS-CBN News
Posted at Feb 23 08:47 PM

Nanawagan ang hog producers na tanggalin na ang price cap at maglagay na lang ng SRP hanggang P360 sa presyo ng baboy.  Read more »

China’s former richest man vows 2022 comeback after release from prison

Josh Ye, South China Morning Post
Posted at Feb 20 01:26 PM

One of China’s most influential entrepreneurs before the country’s rich list came to be dominated by tech founders and property developers, Huang Guangyu was arrested in late 2008 on suspicion of “economic crimes,” and convicted in 2010 for insider trading and corporate bribery. He was originally sentenced to 14 years in jail, but his term was shortened for good behavior. He was released from prison last year. Read more »