Reporting and analysis on retail, e-commerce, and consumer trends in Philippines, updated continuously by our newsroom.
Wolfgang’s Steakhouse has opened its second branch in the Philippines, at the new Podium Mall in the Ortigas Center, Mandaluyong. And the president of the New York-based restaurant, Peter Zwiener, says a third branch is on its way. Its first branch launched…
Korean coffee chain Caffe Bene has collapsed, filing for a court-led restructuring scheme on Friday. Yonhap news service reports the court will soon decide whether to put the ailing coffee chain under its receivership or commence liquidation. The legal move…
Stronger store traffic drove overall sales for cosmetics retailer Sa Sa International for its third quarter to the end of December. This was in line with expectations, says the company. Total transactions increased by 5 per cent year on year to 5.1 million,…
Following a “banner year”, Shakey’s Pizza Asia Ventures (SPAVI) plans to add 20 restaurants to reach a total of 228 outlets by year end. In a disclosure to the Philippine Stock Exchange, the family-led company says it opened 24 stores last year, exceeding its…
SM Retail has received approval from the Philippines antitrust body to acquire the Goldilocks Bakeshop chain. This follows the two parties submitting commitments to address potential competition issues in the deal, says the Philippine Competition Commission…
Petron Corp., the largest oil refining and marketing company in the Philippines, is projecting earnings of about $600 million a year once the planned expansion of its refinery in Malaysia is completed. “Once the expansion is finished, we are expecting…
W Tokyo is partnering with Manila online shopping company Hallohallo to open a Tokyo Girls Collection (TGC) store in the Philippines. Set to launch in May, the boutique will be at the Vertis North complex in Quezon City, Manila. In the mall’s Japan Town…
The Bangko Sentral ng Pilipinas (BSP) said individual consumers would be covered by the batch electronic fund transfer (EFT) credit automated clearing house (ACH) starting next month as it pursues greater use of electronic payments by shifting to cash-lite…
The local capital markets may have had significant developments over the years but it remains relatively small compared to other emerging economies in Asia. In a span of five years, Philippine corporations have already raised over P1.7 trillion from five to…
Bad loans on the books of the country’s biggest banks rose further in October, latest central bank data showed, amid the industry’s rising total lending portfolio. Data from the Bangko Sentral ng Pilipinas (BSP) showed gross non-performing loans of universal…
Cebu Pacific (CEB) and Cebgo remind all passengers during this crunch holiday season to allot ample time to get to the airport, check-in, go through security and immigration checks, and process pre-departure requirements. “CEB Domestic Check-in counters are…
E-commerce in the Philippines is gaining ground, given the expectation that its contribution to the total retail market would double to 5.5 percent, according to Southeast Asia’s retail-solutions provider aCommerce. Paul Srivorakul, aCommerce Group CEO, said…
Robinsons Retail Holdings., in partnership with PayMaya Philippines, is now enabling mall-goers to do quick and seamless digital transactions through PayMaya QR, as Robinsons Galleria in Ortigas is now among the first shopping malls in the country to deploy…
Consumer electronics maker Kinpo Electronics, viewing that production capacities for smart home appliances at two factories in the Philippines will be fully utilized in first-half 2018, will set up two more factories there in third-quarter 2018, with one for…
PTT, the national oil and gas conglomerate, plans to double profit margin from fuel retailing business to 30% of total sales by 2022, says Auttapol Rerkpiboon, chief of operations for downstream petroleum business. To achieve the goal, the company has set…
Singapore-based taxi-booking company Grab plans to launch its digital payments platform GrabPay in the Philippines within the next six months. It is holding discussions with the central bank about acquiring an e-licence. Grab Philippines public affairs…
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