Reporting and analysis on retail, e-commerce, and consumer trends in Philippines, updated continuously by our newsroom.
The Philippines has slipped by a notch on the list of most expensive retail property locations this world due to lower-than-expected sales volume so far in the year, a global real estate services firm said. In a report, Cushman and Wakefield said in Metro…
The Philippine unit of Southeast Asia’s largest budget airline said it reduced net loss by 12 percent in the third quarter on higher passenger traffic. Air Asia Philippines said net loss amounted to P1.2 billion in July to September, down from the…
The National Basketball Association (NBA) announced Wednesday the fourth NBA Store in the Philippines will open Nov. 24 at the Ayala Center in Cebu City. NBA Legend and Hall of Famer Gary Payton will be on hand to meet and interact with fans at the store…
Maybank, South East Asia’s fourth largest bank, and Powerman Philippines, the Philippine affiliate of the International Powerman Association (IPA), are hosting two duathlon race events in the Philippines this year. The first race, which was held last November…
Outside of traditional holidays like Christmas, Valentine’s and Mother’s Day, perhaps the most awaited day of the year in the United States, especially for shoppers and bargain hunters, is Black Friday, which is celebrated after Thanksgiving. After feasting…
State-owned Bank of China is in talks with ten Philippines banks including Banco de Oro Unibank Inc. and Land Bank of the Philippines to retail the $3-billion fund committed by the Chinese lender to the Philippines. A team of high ranking officials from Bank…
The Philippines’ leading airline, Cebu Pacific, further reinforces its position in the Visayas region with the launch of three more routes. Starting last Nov.19 (Saturday) , CEB has officially become the only carrier flying daily between Cebu and Ormoc and…
Travellers from the Philippines now have more options when flying to Taiwan after Philippines AirAsia started its daily Manila-Taipei service last Monday. Philippines AirAsia chief executive Captain Dexter Comendador himself piloted the Airbus A320 to mark…
Cebu Pacific Air has launched three new routes from Cebu (CEB). On 19 November, Cebgo, the fully-owned subsidiary of Cebu Pacific Air (and formerly known as Tigerair Philippines) began operating the routes on behalf of its parent company. Cebgo, which is now…
Jollibee Foods has reported 13.8 per cent global sales growth in its nine-month net profit as sales soared to P4.39 billion (US$88.2 million). Most of the Jollibee profit growth came from the domestic market where sales rose 16 per cent year-on-year, with the…
The Philippines has filed charges against five officials of RCBC bank and a former treasurer who “wilfully ignored” suspicious activity that led to tens of millions of dollars vanishing after a heist on Bangladesh’s central bank. Unknown cybercriminals tried…
iQor, a global provider of business process outsourcing and product support services, today announced that it has expanded its service operations in the Philippines with the opening of contact centers in Iloilo, in Western Visayas, and in Bacolod, in the…
Globe Telecom Inc is securing a controlling stake in Taodharma Inc, a unit of holding company Tao, all partners of Australia-based phone retail store Allphones. The Ayala-led telco disclosed its board of directors approved over the weekend the firm’s increase…
Amdocs, the leading provider of customer experience solutions, today announced that Mynt, Globe Telecom’s fintech subsidiary, has selected the Amdocs Mobile Financial Services solution to power Casa – a new service that will enable Mynt to offer retailers a…
Swedish retail giant H&M Hennes and Mauritz, Inc. has opened its 18th store in the Philippines at Ayala Centrio Mall in Cagayan de Oro City. H&M Country Manager for South East Asia Fredrik Famm leads the countdown for the ribbon cutting of their Centrio Store…
Consumer credit demand in the Philippines remains strong, supported by President Rodrigo Duterte’s push to sustain economic growth, a loan provider said Friday. Home Credit Philippines expects to hit its target 500,000 clients this year and double its client…
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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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