Reporting and analysis on retail, e-commerce, and consumer trends in Philippines, updated continuously by our newsroom.
Cebu Pacific said it is eyeing to expand its hubs in Clark and Cebu as it continues to boost its fleet with a target of 83 aircraft by end-2022. Lance Y. Gokongwei, president of Cebu Pacific operator Cebu Air, Inc., said the budget carrier will be adding “a…
Shakey’s Pizza Asia Ventures has fully acquired local Philippines restaurant chain Peri-Peri Charcoal Chicken. The firm has also recently signed a memorandum of understanding to buy artisanal pizza brand Project Pie, including all assets and intellectual…
Online travel giants Expedia and Booking.com are warning that budget airline pioneer, AirAsia Group, risks being destabilized by ambitious plans to become the “Amazon of travel”. AirAsia, which already offers limited travel plans on its website, plans to…
Air Asia Philippines will start adding new routes to link the Philippines with southern Taiwan by August. The low-cost carrier said in a statement it will open flights from Clark and Cebu to Kaohsiung, Taiwan by Aug. 1, making it the first local airline to…
The Philippines and Vietnam led Southeast Asian FMCG sales growth last year, according to a report by market research company Nielsen. In What’s Next for Southeast Asia, Nielsen reported that Vietnam’s FMCG sales growth reached 5.2 per cent, second in…
Cebu Pacific said it was offering domestic and international seats on sale starting Thursday. The Philippines’ largest airline said the sale would run until Friday for travel from Nov. 1 to March 31 next year. Among the destinations on offer are Boracay,…
The Philippines’ Globe Telecom has pledged to ramp up its network expansion and modernization program to cater to soaring demand for mobile data. The operator revealed that mobile data traffic on its network grew to 370 petabytes during the first three months…
The Philippines’ Globe Telecom worked with the nation’s largest coal producer Semirara Mining and Power Corporation (SMPC) to digitally transform Semirara Island in Antique. The 55 square kilometer island is home to the Philippines’ richest coal reserves, and…
The Philippines’ Department of ICT has published the rules and regulations for the new common tower provider regime with the goal of building or converting at least 2,500 common towers across the nation. The rules will pave the way for deployments in…
China Telecom backed joint venture Mislatel Corporation has been cleared to secure a congressional franchise to become the Philippines’ third mobile player. Mislatel, the joint venture established with businesses owned by Philippines tycoon Dennis Uy, has…
The new QSR restaurant has opened at Bonifacio Global City (BGC) as the brand’s 225th location, although only its second in Southeast Asia after Singapore. “It is known for quality and consistency in taste,” said the president of the exclusive franchise…
McDonald’s Philippines is expanding, with new stores and branch upgrades unfolding this year along with menu additions. There are currently around 650 McDonald’s restaurants in the territory, 61 of which opened last year. “We’re continuing our aggressive…
Budget airline Cebu Pacific saw profit in the first quarter of the year more than doubled on strong demand and as fuel costs, which weighed on earnings in 2018, eased during the period. Cebu Pacific, owned by the Gokongwei family’s JG Summit Holdings, said in…
Cebu Air, the operator of low-cost carriers Cebu Pacific and Cebgo, said net income jumped 138.4 percent in the first quarter from a year ago, on the back of strong passenger and cargo revenues. The airline unit of the Gokongwei Group said it posted a net…
SM Retail has achieved a first-quarter profit increase of 5 percent to P2.7 billion (US$51.7 million). Retail revenues in the first three months rose by 13 percent year-on-year to P79 billion, while sales from specialty retail stores grew by the same…
Philippine property giant SM Prime Holdings says its net income in the first quarter increased 16 percent based on higher rental income and residential sales. Gross earnings increased 14 percent to PHP26.5 billion (US$508.1 million) during the time period,…
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