Reporting and analysis on retail, e-commerce, and consumer trends in Philippines, updated continuously by our newsroom.
The Philippines on Monday signed agricultural deals with Thailand, three months before it scraps a quantitative restriction on rice imports under an agreement with the World Trade Organization (WTO). The agricultural agreement encompasses information exchange…
Business tycoon Henry Sy topped Forbes’ list of richest Filipinos, with a 2017 net worth of $12.7 billion. This is his 10th consecutive time to top the list. However, this is lower than his 2016 net worth of $13.7 billion. Sy is the 94th richest billionaire…
I-Pay Ventures Commerce Ventures, Inc. (I-Pay) recently signed a joint-venture agreement with MY E.G. Services Bhd (MYEG) to enable government and large enterprises in the Philippines to offer a Payment Gateway and related value-added online services. I-Pay…
Singapore’s Singtel is bringing its Trustwave portfolio of managed security services to the Philippines, in collaboration with Globe Telecom. Under the collaboration, Globe is providing Trustwave’s services through its advanced security operations center…
The Philippines’ Smart Communications has reported a 26% increase in revenues for 2016 to 25.5 billion pesos ($509 million), in a result attributed to sustained growth in the company’s mobile data business. Smart, the wireless subsidiary of incumbent operator…
Cebu-based Metro Retail Stores posted P789 million (US$15.7 million) net income last year, up from P758 million in 2015. Net sales for the fourth quarter grew 7.4 per cent to P10.67 billion, reports the retailer, part of the Gaisano Malls group. Sales grew…
Max’s Group, the listed dining group, has reported a 12 per cent increase in profit last year as sales rose across all of its banners. The company recorded total income of of P561.74 million for 2016, up from P501.39 million the prior year. And CEO Peter H.…
The Philippine and Indonesian governments will launch next month a roll-on, roll-off shipping service that will link Davao and General Santos cities to Bitung City in Indonesia, an official of the Mindanao Development Authority (MinDA) said. Presidents…
CEBU Pacific (CEB) has expanded its inter-regional route network by opening its Bacolod and Cagayan de Oro (CDO) flights, one of the two new routes that will further connect the Visayas and Northern Mindanao. On March 15, the airline opened the Bacolod-CDO…
The Philippines’ Globe Telecom announced it has become the first operator in the nation to implement 4-component-carrier aggregation LTE-Advanced using the 2600-MHz band. The upgrade effectively doubles LTE capacity in areas covered by the deployment, the…
CEBU Pacific announced it has expanded its inter-regional route network with the addition of two new routes that will connect the Visayas to Northern Mindanao. Starting Mar.15, 2017, CEB will be flying four times weekly (Monday, Wednesday, Friday and Sunday)…
Philippine Seven Corp, the 7-Eleven Philippines operator, says it will open 412 new stores this year. For the second successive year the listed company will budget P3.5 billion (US$70 million) for capital expenditure. The company has just opened its 2000th…
Del Monte reported a profit for the quarter ending in January, reversing losses incurred in the previous period. For the past quarter, Del Monte achieved an US$8.46m ($12m) net profit, on the back of strong sales in Asian markets particularly in the…
In an interview, Dexter M. Comendador, Philippines AirAsia chief executive officer, said the parent firm is bringing in more aircraft for the expanded Philippine operations. “We’re one of the best performers in the group right now. Last year, we targeted…
Digital media group REV Asia is on the lookout for local partners for its operations in Indonesia and the Philippines, says managing director Voon Tze Khay. The group’s initial plan, which was to grow its market share in social media advertising revenue in…
Life was not easy for Charier Valcarcel Rosita of Tagum City, Davao del Norte. She had to give up her job in a school canteen to take care of her child and do household chores. Rosita thought that was all life had to offer until she became aware of her full…
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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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