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Business World

MRSGI profit drops on higher opex

Gaisano-led Metro Retail Stores Group Inc. (MRSGI) posted a 36.5 percent drop in net income to P254.6 million in the first nine months of 2023 from the P400.7 million earned in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the firm said profit decline …

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Villar’s AllDay Supermarket’s profit surges 154%

Richest Filipino Manuel B. Villar’s AllDay Supermarket, the country’s leading mid-premium supermarket chain, reported a 154 percent surge in net income to P254 million in the first nine months of the year. In a disclosure to the Philippine Stock Exchange, the firm said this came on the back of a …

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Joyride secures ‘super taxi’ supply from Toyota

Ride-hailing and delivery group JoyRide Philippines has partnered with GT Capital Holdings Inc. and Mitsui & Co. Ltd.’s joint venture Toyota Manila Bay Corporation (TMBC) to secure its vehicle supply for its newly-launched “Super Taxi” service. During the JoyRide Super Taxi press launch on Nov. 8, JoyRide Senior Vice President …

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