Homegrown supermarket brand, Metro Stores, is riding the waves of exponential growth as it nets P262M for the past 12 months.
Recognized as the market leader in the Visayas for the hypermarket segment, Metro Retail Stores Group continue to position itself as the dominant player in the region with the opening of new stores in key cities and fast-growing towns.
Metro Stores recently entered a contract with Ayala Malls for the operation of four (4) supermarkets and/or department stores in upcoming Ayala developments in Cebu, Negros Occidental and in Metro Manila.
Negros Oriental will also have its first Metro Store soon as the company inked a partnership deal with the local government unit.
Growing 26% year on year, the company is showing strong indications that it is gearing towards becoming a major player in the retail industry, this time, not only in the Visayas.
Indeed, there’s something for you at the METRO!
This is for people planning to invest in Metro Retail Group’s upcoming Initial Public Offering (IPO) at the Philippine Stock Exchange (PSE).
Know the story the company, its future plans and more in an investor’s forum today, tomorrow and on Friday in Ilo-ilo, Cebu and Makati.
Source: Metro Retail Group to hold roadshow for IPO | Business, News, The Philippine Star | philstar.com
Offer period will run from November 9 to 13 while listing date is scheduled on November 24. Share price is pegged at P6.10.
Philippines annual inflation rate eased to 0.4 percent in September of 2015 from 0.6 percent in August and below market consensus. It is the lowest figure since April 1987, as cost of housing and utilities declined further and prices of food and non-alcoholic beverages continued to slowdown. Core inflation also fell to a fresh record low of 1.4 percent.
Inflation Rate in the Philippines averaged 8.73 percent from 1958 until 2015, reaching an all time high of 62.80 percent in September of 1984 and a record low of -2.10 percent in January of 1959.
In the Philippines, the most important categories in the Consumer Price Index are: food and non-alcoholic beverages (39 percent of total weight); housing, water, electricity, gas and other fuels (22 percent) and transport (8 percent). The index also includes health (3 percent), education (3 percent), clothing and footwear (3 percent), communication (2 percent) and recreation and culture (2 percent). Alcoholic beverages, tobacco, furnishing, household equipment, restaurants and other goods and services account for the remaining 15 percent.
Source: Philippines Inflation Rate | 1958-2015 | Data | Chart | Calendar | Forecast
Full ASEAN integration by 2016, but until now, many Filipinos are worried on how the Philippines would fare against our neighbors in the region. In fact, many of us have no idea what this integration is all about. But the experts are projecting a favorable outcome for the Philippines, If so, exciting itimes ahead for Cebu!
According to Dept of Trade and Industry Secretary Gregory Dominggo, ““The future looks bright for the Philippines. Based on projections by HSBC and Goldman-Sachs, the Philippines will be ranked as the 14th largest economy in the world, the 5th largest economy in Asia and the largest economy in the Southeast Asian Region by 2050. We are even poised to surpass other ASEAN countries. We only need to step up our efforts to improve the competitiveness and capability of our various local industries, as we participate in regional and global trade,”