+ Follow PRICESMART Tag
PRICESMART
Array
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[results] => Array
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[0] => Array
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[ArticleID] => 293005
[Title] => PriceSmart eyes further expansion
[Summary] => Now that the shareholder dispute between PriceSmart USA and PriceSmart Philippines has been resolved, the local warehouse shopping firm is now focusing its attention on further expansion.
William S. Go, PriceSmart Philippines (PSMT) chairman and now majority stockholder of the warehouse shopping firm, announced yesterday that PSMT is allocating from P350 million to P400 million to put up its first provincial outlet in Cebu.
PSMT has actually leased a 2.3-hectare property in the Banilad district of Cebu City for the proposed warehouse shopping outlet.
[DatePublished] => 2005-08-23 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097285
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 290764
[Title] => US retail giant PriceSmart closes RP operations
[Summary] => The US-based retailer PriceSmart will sell its Philippine operations ending months of bitter fighting with its local minority shareholders, the company said in a statement yesterday.
The Californian-based company which has four outlets in Manila said it was selling its 52-percent interest in PriceSmart Philippines to minority shareholder E-Class Corp. in exchange for the dismissal of all charges filed against the American warehousing giant and its officials.
According to the statement the sale is expected to be completed by Aug. 20, 2005.
[DatePublished] => 2005-08-10 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Headlines
[SectionUrl] => headlines
[URL] =>
)
[2] => Array
(
[ArticleID] => 280680
[Title] => PriceSmart minority owners urge court to halt disbursement of company funds
[Summary] => William S. Go, PriceSmart Philippines (PSMT) chairman and representative of the minority stockholders of the warehouse shopping firm, appealed anew yesterday to the Pasig City Regional Trial Court (RTC) to stop the illegal disbursement of company funds by PriceSmart-appointed executives led by PSMT president Benjamin M. Woods.
In a memorandum submitted to the Court, Go and the minority shareholders warned that "the continuation of such illegal disbursements and wastage of company funds would surely result in PSMT’s death as a business concern."
[DatePublished] => 2005-06-07 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097285
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 274002
[Title] => PriceSmart posts 14% sales hike
[Summary] => PriceSmart Philippines (PSMT) posted a 14- percent increase in its second quarter sales for its fiscal year that starts from September 2004 and ends August 2005, according to PSMT Philippines Inc. president Benjamin M. Woods.
For its first quarter sales the increase had been only six percent, Woods said.
The much higher growth in sales in the second quarter, Woods said, is due to its increased importation of US products which is Price-Smart’s strength.
[DatePublished] => 2005-04-15 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097285
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 271830
[Title] => Pinoy investors nabuhayan ng loob sa desisyon ng korte sa Guatemala
[Summary] => Sinipa ng mga hukuman sa Guatemala ang management na inilagay ng PriceSmart sa subsidiary nito sa nasabing bansa dahil sa reklamo ng isang local minority shareholder sa PriceSmart Guatemala SA.
Nagsampa ng mga demandang sibil at criminal ang kasosyo (34 porsyento) ng PriceSmart sa Guatemala dahil umano sa mga ilegal na paniningil ng kumpanyang Amerikano ng kung anu-anong bayarin na wala sa kontrata.
[DatePublished] => 2005-03-28 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Bansa
[SectionUrl] => bansa
[URL] =>
)
[5] => Array
(
[ArticleID] => 271299
[Title] => IFC exit from PriceSmart seen to affect firm's credit rating
[Summary] => The International Finance Corp.’s (IFC) exit from PSMT Philippines Inc. may affect PriceSmart’s credit rating, according to William S. Go, minority shareholder of PSMT.
IFC had originally lent PSMT $12.5 million, maturing in June 2012 and payable semi-annually at a fixed rate of 7.44 percent.
IFC, the private sector investment arm of the World Bank, participates in private business ventures to bolster the credibility of the project and enable it to gain easy access to financing and capital.
[DatePublished] => 2005-03-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097285
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 252904
[Title] => PriceSmart opens 4th location in RP
[Summary] => PriceSmart, the US-based shopping warehouse, is set to open its fourth location in the Philippines on June 9.
The new location at the Aseana Business Park in Diosdado Macapagal Complex in Parañaque City brings the company’s investment to $50 million after barely four years of operation.
Other Philippine locations of PriceSmart are Fort Bonifacio, Global City in Taguig, Congressional Avenue in Quezon City, and West Gate Development, Filinvest Corporate City in Alabang, Muntinlupa.
[DatePublished] => 2004-06-07 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 183480
[Title] => PriceSmart sees $200-M from RP operations in two years
[Summary] => PriceSmart expects to earn more than $200 million (P10.6 billion) from its Philippine operations in two years, a top official of the company said the other day.
PriceSmart opened its first warehouse in the Philippines in May 2001 despite a sluggish global economy and initial fears about the country’s peace and order situation.
[DatePublished] => 2002-11-11 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
August 10, 2005 - 12:00am
November 11, 2002 - 12:00am
