
Philippine Regulator Clears GCash Parent Mynt for $1.48 Billion IPO
The Philippine SEC approved a reduced 12 percent initial public float based on an expected $10.71 billion market capitalization.
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The Philippine SEC approved a reduced 12 percent initial public float based on an expected $10.71 billion market capitalization.

Passengers can now carry small cats under the seat on local routes, subject to a 10-kilogram weight cap and strict health paperwork.

Parent company SM Prime generated 71.7 billion pesos in first-half revenue across its network of 90 Philippine shopping malls.

The Philippine gaming regulator warned operators of license cancellations after an unapproved 100-handset giveaway breached marketing rules.

SM Retail, the Philippine conglomerate, reported a 5% increase in net income to US$143.8 million for the first half of 2026. This growth was driven by robust consumer spending on essential goods and a strategic expansion of its store network.

Extended monsoon rains are expected to dampen the third-quarter performance of consumer-facing businesses, construction firms, and logistics operations across the Philippines. Analysts point to reduced foot traffic, project delays, and increased operating…

The Philippine government has sanctioned an unprecedented 12% increase in the daily minimum wage for Metro Manila, providing an additional 85 pesos (US$1.4) in two separate instalments beginning later this month. This decision is set to impact over 1.1…

In the first quarter of 2021, SSI Group, a leading luxury retailer in the Philippines, witnessed a significant drop in profits. The company reported a decrease of 58.5 per cent in net income to US$2.4 million (PHP$152.9 million), even though revenue increased…

SM Home, the popular home and living subsidiary of Philippine retail giant SM, is set to unveil its freshly redesigned Makati flagship store this week. This debut also marks the commencement of a wider overhaul of SM Home’s retail format. Innovation in Store…

Pop Mart, a Chinese retailer specializing in collectible toys, has established its first long-term retail store in the Philippines. This move comes after a succession of temporary pop-ups throughout Metro Manila, signalling a more robust presence in the local…

SM Investments, a conglomerate with operations in retail, banking, and property, experienced solid retail sales during the first three quarters of the year. These robust sales contributed to a consolidated net income of US$1.09 billion, a 6% rise compared to…

Spinneys, a thriving fresh food supermarket chain, has made a strategic move into Southeast Asia by partnering with Ayala Corporation to open new stores in the Philippines. This marks the supermarket chain’s first entry into the region. According to the terms…

After more than a decade of absence, Dutch wholesale retailer Makro is poised to make a comeback in the Philippine market. This return is made possible through an alliance between Thailand’s CP Axtra and Ayala Corporation. New Business Venture The…

The Philippines’ SM Group is quickly transforming its beauty and wellness portfolio in response to a surging demand from consumers across the nation. With an ambitious aim to be at the forefront of this booming sector, SM Beauty has introduced over 1,000…

Philippine conglomerate SM Investments Corp., a prominent player in the Sy family business empire, has announced its strategic decision to exit the data centre sector. The company plans to divest its interest in YCO Global Cloud Centres, a move that has…

Philippine Seven Corporation (PSC), the entity managing 7-Eleven stores in the Philippines, has its sights set on bolstering its network to a landmark 5000 stores across the nation by the next year. On Track for Expansion Providing an update at a press…
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