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Robinsons Land profit surges by 394% on various businesses’ comeback

Gokongwei-led Robinsons Land Corp. (RLC) saw a 394-percent year-on-year increase in second quarter net profit to P2.56 billion as earnings from property development, rental portfolio and hotel operations bounced off a low base seen last year at the height of pandemic lockdowns. Amid the reimposition of tight restrictions through early April this year, RLC’s second…

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Petron recovers with P3.87-B income amid improved oil prices, market sentiment

Petron Corp. made a turnaround in the first half of the year, bouncing back with a P3.87-billion consolidated net income after hitting a P14.24-billion net loss in the same period last year, as oil prices picked up and market optimism returned amid the rollout of vaccines against COVID-19. “Though we continue to face some challenges,…

Luzviminda Sunit

COVID-19 no match for fighting MSMEs

Determination, perseverance and faith—in divine providence and in their own abilities to overcome obstacles—enabled 10 small entrepreneurs to preserve and grow their enterprises even during a protracted global health crisis. In virtual ceremonies, recipients of the 18th Citi Microentrepreneurship Awards (CMA) were honored for the resilience, courage and fortitude that enabled their enterprises to survive,…