Reporting and analysis on retail, e-commerce, and consumer trends in Philippines, updated continuously by our newsroom.
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,…
Singapore-based shared fiber network provider HyalRoute has signed an agreement with the Philippines’ Department of ICT to invest up to $2 billion expanding to the market. The company’s subsidiary Philippine Fiber Optic Cable Network (PFCON) signed a…
PLDT announced Alfredo S. Panlilio (AI) will return to the Philippines telco as chief revenue officer of both PLDT and its mobile unit Smart Communications, starting July 1, 2019. Panlilio (pictured) currently serves as senior vice president of customer…
Singapore-based shared fiber network provider HyalRoute has signed an agreement with the Philippines’ Department of ICT to invest up to $2 billion expanding to the market. The company’s subsidiary Philippine Fiber Optic Cable Network (PFCON) signed a…
The Philippines’ Globe Telecom has reported a 44% year-on-year increase in net profit for the first three months of 2019 to 6.7 billion pesos ($129.1 million), partly as a result of strong data revenue growth. The company reported revenue for the quarter of…
Robinsons Retail Holdings will launch up to 150 new stores in the Philippines this year. The firm published a presentation online revealing plans to invest PHP3–5 billion (US$57.8–96.3 million) on the store openings, following expenditure of PHP4.41 billion…
The Philippines’ NOW Telecom has introduced a new model aimed at partnering with small and medium sized businesses to deliver wireless broadband services to individual areas. The company’s new NOW Virtual Network Operator (NVNO) model will see the operator…
China Telecom has formally signed the agreement to create Mislatel, the joint venture that will become the Philippines’ third mobile operator, committing to invest $5.4 billion in the venture. The agreement with local conglomerate Udenna Corporation was…
Free background guides on how retail works in this market.
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Over 110 million consumers, mall-centric urban life, remittance-driven spending cycles, and a logistics map made of islands.
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Who the landlords are, how leases are structured, what drives rent, and how to choose a location in Philippines.
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