Three local companies enter Forbes’ under a billion list

Three Philippine companies — COL Financial Group, Inc., Crown Asia Chemicals Corp. and Eagle Cement Corp. — are among Forbes Asia’s roster of top-performing publicly traded small and midsized firms in the Asia-Pacific region this year. The annual “Forbes Asia’s Best Under A Billion,” identifies the top 200 companies out of 20,000 publicly listed firms in the […]

Wilcon net profit climbs 56% to P1B

WILCON Depot, Inc. reported a 56.4% increase in net profit to P1.01 billion in the second quarter as sales increased amid eased pandemic restrictions. “The jump is attributable to higher volume of business and to the gross profit margin expansion partly offset by the increase in operating expenses,” the company said in a press release […]

Toyota Announces Sales, Production, and Export Results for the First Half of 2022

Toyota City, Japan, Jul 28, 2022 – (JCN Newswire via SEAPRWire.com) – Toyota Motor Corporation (TMC) announces its sales, production, and export results for June 2022 as well as the cumulative total from January to June, including those for subsidiaries Daihatsu Motor Co., Ltd. and Hino Motors, Ltd. Highlights: In the first half of 2022, […]

PHL vehicle sales accelerate in June

VEHICLE SALES in the Philippines accelerated by 27% in June, driven by increased demand for commercial vehicles. A joint report from the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association, Inc. (TMA) showed total vehicle sales reached 28,601 units in June, up by 26.8% from 22,550 units sold in the […]

Tax Notes: Implementation of electronic receipts/invoices, electronic sales data transmission

The Bureau of Internal Revenue (BIR) has issued Revenue Regulation (RR) 8-2022 to inform all concerned regarding the implementation of the required issuance of electronic receipts or invoices in lieu of manual receipts or invoices for certain identified taxpayers.Issuance of electronic receipts or invoices is mandated for the following taxpayers:1. Taxpayers engaged in the export […]

EQS-News: China XLX Announces 2022 1Q Results Production Capacity Entered a New Milestone with Net Profit Increasing by 88% YoY

EQS-News via SEAPRWire.com / 27/06/2022 / 12:03 UTC+8 press release(For immediate release) China XLX Announces 2022 1Q ResultsProduction Capacity Entered a New Milestone with Net Profit Increasing by 88% YoY 2022 1Q Results Highlights: The unaudited consolidated revenue increased by 71% YoY to approximately RMB5,386 million; among which, urea sales revenue increased by 84% YoY to approximately […]

Shanghai’s fashion stores struggle to clear lockdown stock hangover

SHANGHAI — Almost a month since Shanghai lifted its strict coronavirus disease 2019 (COVID-19) lockdowns, fashion retailers are stuck with piles of unsold stock as cautious consumers stay away from the commercial hub’s glitzy shopping districts. Curbs to stop the virus in Shanghai, China’s fashion capital, ground the city of 25 million to a halt […]

Who’s on first?

1 of 6 The Mitsubishi Xpander is set to continue its dominance in the segment. — PHOTO BY KAP MACEDA AGUILA PHOTO BY KAP MACEDA AGUILA Flanking the new Xpander are (from left) Mitsubishi Motors Philippines Corp. (MMPC) EVP for Corporate Takehisa Usami, MMPC EVP for Sales and Marketing Takanobu Suzuki, Mitsubishi Motors Corp. EVP […]

A new chapter begins for Isuzu PHL

1 of 2 After serving for seven years, Hajime Koso (left) turns over the presidency of Isuzu Philippines Corp. to Noboru Murakami. — PHOTO FROM ISUZU PHILIPPINES CORP. With Messrs. Murakami and Koso are (from left) IPC Vice-President for Sales Yasuhiko Oyama, IPC Executive Vice-President Shojiro Sakoda, and Assistant Division Head for Sales Robert Carlos. […]