CEMEX Holdings Philippines Inc. (CHP) announced Tuesday, Feb. 14, 2023, that its consolidated net sales for 2022 amounted to P20.6 billion, a decrease of two percent compared to the prior year. For the fourth quarter, net sales increased by four percent year-over-year due to higher prices. CHP’s domestic cement volume decreased year-over-year by 10 percent […]
Tag: sales
Spike in beer sales recorded on Sinulog day
BEER sales recorded a five-fold increase during the Sinulog Festival, according to a market study conducted by startup Packworks. This was amid the liquor ban and street parties implemented along the festival route and the premises of the South Road Properties. Sari IQ, the sari-sari store market intelligence platform by Packworks, said the spike in […]
Cebu City beer sales up five-fold — Packworks
PHILIPPINE startup Packworks on Thursday said beer sales in Cebu City rose five-fold amid a liquor ban during the Sinulog Festival. In a statement, the firm said the increase was determined using data from its Sari IQ market intelligence platform. About two million people attended the festival. “The total gross merchandise value of beer products […]
Toyota: Sales, Production, and Export Results for 2022 (January – December)
Toyota City, Japan, Jan 30, 2023 – (JCN Newswire via SEAPRWire.com) – Toyota Motor Corporation (TMC) announces its sales, production, and export results for December 2022 as well as the cumulative total from January to December 2022, including those for subsidiaries Daihatsu Motor Co., Ltd. and Hino Motors, Ltd. Highlights: – In 2022 (January to […]
Shortening the last mile to curb shipping delays
Filipino shoppers have complained of orders bought online during the seasonal 12.12 Christmas sale in 2022 that either did not arrive or were tagged missing. E-commerce customers have grown accustomed to snagging deals from brands as diverse as smartphone maker realme and car manufacturer Honda on such sales days. Customers want their goods fast – […]
Peso slips on weak US data
THE PESO slipped against the dollar on Thursday as weaker economic data from the United States fueled recession fears. The local unit closed at P54.63 per dollar on Thursday, inching down by a centavo from Wednesday’s P54.62 finish, data from the Bankers Association of the Philippines’ website showed. The peso opened Thursday’s session at P54.70 […]
[CORRECTION] The Skin Factory (KUNDAL) Acquires Korean Skincare Brand NACIFIC, a Fast-growing K-beauty with the Brand Model “Stray Kids”
Seoul, Korea, January 16, 2023 – (SEAPRWire) – The Skin Factory, known for its personal care brand ‘KUNDAL’, plans to further accelerate its overseas sales growth by acquiring Abill Korea, the owner of the natural beauty brand ‘NACIFIC’, which has a strong presence in the overseas markets. Abill Korea was established in 2014 and has been successful in […]
CTA rejects geothermal firm’s P13.6-million refund claim
THE Court of Tax Appeals (CTA) has denied Philippine Geothermal Production Co., Inc.’s (PGPCI) refund claim worth P13.62 million representing its excess input taxes traced to zero-rated sales for the 2015 fiscal year. In a decision dated Jan. 9 and made public on Jan. 11, the CTA full court said that it did not commit […]
The Skin Factory (KUNDAL) Acquires Korean Skincare Brand NACIFIC, a Fast-growing K-beauty with the Brand Model “Stray Kids”
Seoul, Korea, January 12, 2023 – (SEAPRWire) – The Skin Factory, known for its personal care brand ‘KUNDAL’, plans to further accelerate its overseas sales growth by acquiring Abill Korea, the owner of the natural beauty brand ‘NACIFIC’, which has a strong presence in the overseas markets. Abill Korea was established in 2014 and has been successful in […]
Tax Notes: BIR clarifies new revised VAT rules for REEs under Create Law
The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC) 152-2022 to provide clarifications and guidelines on the implementation of certain provisions in Revenue Regulations (RR) 21-2021 and RMC 24-2022 and RMC 49-2022 regarding the revised value-added tax (VAT) rules for Registered Export Enterprises (REEs) under the Create Law. What is the VAT […]
Toyota Announces Sales, Production, and Export Results for November 2022
Toyota City, Japan, Dec 26, 2022 – (JCN Newswire via SEAPRWire.com) – Toyota Motor Corporation (TMC) announces its sales, production, and export results for November 2022, as well as the cumulative total from January to November 2022, including those for subsidiaries Daihatsu Motor Co., Ltd. and Hino Motors, Ltd. In November 2022, both global sales […]
Emperador brandy sales in North America up 28%
EMPERADOR Inc. saw a 28% increase in the sales of its brandy products in North America amid increased distribution, visibility and availability globally especially in the US and Canada. “This is in line with our relentless efforts of globalization while making Emperador Brandy a household name in other parts of the world,” Emperador International Chief […]
For many people, that Instagram dream home will have to wait
By Leticia Miranda THREE YEARS into the pandemic, America’s better-home obsession is fading fast. The thirst for $13,000 leather couches, $1,200 coffee tables and $100 lamps that led to a boom for Williams-Sonoma, Inc. and R-H, Inc. and resurrected the fortunes of Wayfair, Inc. looks solidly in the past. Inflation is driving people to buy […]
Major Global Medical Device Manufacturer OrbusNeich Medical Group Announces Details of Proposed Listing on the Main Board of HKEX
HONG KONG, Dec 13, 2022 – (ACN Newswire via SEAPRWire.com) – OrbusNeich Medical Group Holdings Limited (“OrbusNeich” or the “Group”), a major global medical device manufacturer specialized in interventional instruments for percutaneous coronary intervention (PCI) and percutaneous transluminal angioplasty (PTA) procedures, has today announced the details of its proposed listing on the Main Board of […]
Mark your calendars for the LGU permit renewal
It is 19 days before Christmas, 25 days before the New Year. The holiday season is a time of countdowns. We look forward to the moment when the clock strikes midnight. However, for businesses, the countdown does not stop on New Year. From there, the 20-day countdown to the deadline for renewing local government unit […]
Millennials, zoomers seen to lead property sales in 3 years
CAROUSELL Philippines expects millennials and those belonging to the “Generation Z” demographic to lead property sales on its online platform in the next three years. “In the next three years, we are foreseeing them to become aggressive when it comes to property selling. It’s also related to the stages of their lives and the current […]
China XLX’s Revenue for 9M 2022 Increased by 49% YoY Commissioning of various production bases in different regions drives the Group’s high-quality production development
EQS Newswire / 21/11/2022 / 19:03 UTC+8 China XLX’s Revenue for 9M 2022 Increased by 49% YoY Commissioning of various production bases in different regions drives the Group’s high-quality production development Highlights of 2022 First Three Quarters Results: Revenue increased by 49% YoY to approximately RMB17,516 million. Net profit increased by 14% […]
Nickel Asia posts 12% profit rise to nearly P7B
LISTED mining firm Nickel Asia Corp. posted a 12% increase in its nine-month attributable net income to P6.90 billion on the back of higher ore prices. In a stock exchange disclosure on Thursday, the mining firm said revenues increased by 2% to P21.51 billion from P21.03 billion due to favorable exchange rates and higher nickel […]
Supermarkets facing higher costs even as revenues rise
SUPERMARKETS are dealing with higher operating costs as pandemic restrictions ease, with an industry official saying that the pickup in sales is sometimes not reflected in the resulting profits, especially for smaller stores. Steven T. Cua, Philippine Amalgamated Supermarkets Association, Inc., president, told BusinessWorld Live on One News channel that supermarkets are still adapting to […]
‘Undas’ period expected to dampen sales of neighborhood stores
SALES OF small neighborhood retailers, known in the trade as sari-sari stores, typically fall during the grave-tending holidays around Nov. 1, according to startup Packworks, a provider of technology to small stores. Packworks said that daily sales from the Oct. 31 to Nov. 2, 2021 period, known in the Philippines as “Undas,” showed a sales […]