Reporting and analysis on retail, e-commerce, and consumer trends in Philippines, updated continuously by our newsroom.
Philippines-based mobile payment service Abra has announced a partnership with Singapore-based e-payment gateway Codapay. With this new deal, Abra users in the Philippines will be able to purchase Steam wallet codes, Skype credit, Amazon gift cards and…
Nomura Holdings and Philippine bank BDO Unibank, the country’s largest bank, have announced that their joint venture, BDO Nomura Securities, has officially commenced operations. Offering online trading services for stocks listed on the Philippine Stock…
Philippines property developer SM Prime Holdings is looking to acquire shopping malls in China as well as buying more land for expansion. But it is interested only in the Fujian province, says SM Prime executive committee head Hans Sy. “We are still…
The Philippines’ PLDT has reported a 20% drop in net income for the first nine months of the year to 21.7 billion pesos ($442 million) due to higher capex costs and declining revenues. Revenue fell 2% year-on-year to 125.4 billion pesos, but remained stable…
PayMaya, the Philippines’ pioneering financial services provider, and JCB International Co., Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd., have forged a new partnership for JCB Merchant Acquiring and Card Issuing business in the…
After early success in the Philippines, Khun Thai Tea is now eyeing three more Asian markets. The milk tea concept was co-founded by Bronze Media LLP Singapore owners Jeremy Lee and Elis Chai. Lee says the company is about to open its third store in Metro…
SM Prime boosted net profit by 15 per cent to PHP4.9 billion in third quarter of 2016. Overall revenue rose by 14 per cent to PHP18.5 billion. The SM Prime results show year-to-date net income rose 13 per cent year-on-year to PHP17.5 billion, on sales up by…
UK company Dyson, known for its innovative vacuum cleaners and air purifiers, plans to open its own retail stores in India by the middle of next year. It has already sought permission from the Department of Industrial Policy and Promotion (DIPP) to import and…
The Philippines’ telecoms regulator NBTC plans to hold a spectrum auction for a third entrant into the mobile market in mid-2017. The spectrum surrendered by incumbents Globe and PLDT as a condition of their acquisition of San Miguel’s telecoms assets will be…
Under Secretary for Finance and Material, Department of National Defense of the Philippines (General Retirement) Raymundo Elefante, said that his country is currently interested in purchasing Indonesian defense products to modernize the Philippines’ weapons…
The Land Bank of the Philippines (LANDBANK) has introduced a new mobile lending program for the purchase of essential drugs. LANDBANK, a government financial institution, has teamed up with branded generic drugs company RiteMed to expand the use of its…
Nokia and Globe Telecom, a leading telecom operator in the Philippines, on 24 October signed two Memoranda of Confirmation frame agreements – one for wireless technologies and the other for IP, Optical and SDN technologies – under which Nokia will transform…
Jollibee Foods (JFC) has opened the 991st branch of its flagship brand Jollibee in the Philippines, in the Ma-a area of Davao. It marks the start of its countdown to its 1000th store, to be unveiled in the first quarter of next year. Its expansion is spread…
Indonesia’s Smartfren has launched direct carrier billing for the operator’s 12.5 million subscribers, in collaboration with mobile payments company Fortumo. The partnership will allow Smartfren to support carrier billing from Google Play and the Windows…
Globe Telecom in the Philippines is providing a major enhancement to its Cartoon Network Watch and Play app, allowing customers to livestream Cartoon Network and on-demand content via a new authenticated service. Globe customers will soon be able to log in to…
It used to be that some 20,000 feet above the ground, you browse a catalogue of duty-free merchandize to take home, chose some pretty standard stuff – cosmetics for the ladies, wine for the gentlemen, some cute airplane replicas for the kids, and maybe local…
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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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