Reporting and analysis on retail, e-commerce, and consumer trends in Philippines, updated continuously by our newsroom.
Tune Labs, a venture capital vehicle formed by AirAsia founders Tony Fernandes and Kamarudin Meranun, has entered into a joint venture with top Philippine rewards and loyalty program ZAP. The partnership will see AirAsia BIG, the loyalty program for AirAsia…
Southeast Asia eCommerce revenues are projected to exceed US$25 billion by 2020, according to new research by growth partnership company Frost & Sullivan. Despite acquisitions, market exits and many online retailers struggling to achieve profitability, the…
The Philippines’ Court of Appeals has halted the Philippine Competition Commission’s (PCC) investigation into Globe and PLDT’s joint acquisition of San Miguel Corporation’s telecoms assets. The court has agreed to a request by PLDT to grant temporary relief…
Three Filipino companies made it into Forbes’ list of 50 best-performing listed firms in Asia this year. Jollibee Foods Corp., Puregold Price Club, Inc. and Robinsons Retail Holdings Inc. were included among “Asia’s Fab 50 Companies,” compiled by Forbes…
HappyFresh, the Jakarta-based grocery delivery platform, announced yesterday it has raised an undisclosed Series B round while also revealing it will be consolidating operations and pulling out of the Philippines and Taiwan. The round was led Dubai-based…
The Philippines’ Globe Telecom is fast-tracking the rollout of LTE over its recently-acquired 700-MHz spectrum. The operator revealed it has recently rolled out more than 150 700-MHz base stations, mostly in Metro Manila. The new sites cover major business…
The new west wing of the Marriott hotel at casino resort Resorts World Manila will be in operation by next month, said on Tuesday Genting Hong Kong Ltd. Resorts World Manila – located in the Philippines capital Manila, next to the city’s international airport…
Jollibee Hanoi has opened its fifth outlet, taking its Vietnam store count to 81. “The outlet in To Hieu St in Cau Giay district is a key, strategic location for us to serve customers,” Tran Ngoc Hoai Thuong, PR manager at Jollibee Vietnam, said in an…
South Korean fashion brands are featuring in an online pop-up store on regional sites of online fashion portal Zalora. It’s all part of a concerted bid to expand recognition of Korean fashion bards across the broader Asia-Pacific region. Launched in…
A Japanese department store operator has set its eyes on the Philippines to build commercial-residential facilities by 2022. Isetan Philippines will work with Nomura Real Estate Holdings to build properties in Manila. The project is projected to reach…
According to retail analyst IGD, the Philippines is one of the fastest-growing countries in Southeast Asia, with its GDP growth hitting 6.9% in the first quarter of 2016, and further strong expansion predicted on the back of robust domestic consumption, rapid…
Philippine media group ABS-CBN has scaled back its MVNO business in response to a declining subscriber base. The company has cut the annual fees it is paying network provider Globe Telecom in half as part of efforts to curb losses from its ABS-CBN Mobile…
Newly acquired stores Savers Appliances and The Generics Pharmacy have given Robinsons Retail sales and profits a boost. Sales increased by 18.5 per cent from Php21.6 billion to Php25.6 billion in the second quarter of 2016, on the back of sustained high…
Beauty retailer The Luxasia Group has appointed former SingPost CEO Dr Wolfgang Baier as group CEO, while founder/owner Patrick Chong has become chairman. “Luxasia is now at an important crossroads,” says Chong. “We intend to grow with our international…
Keeping in mind the growing demand for safer travel, globally recognized travel gear brand Pacsafe has opened its first flagship store in the Philippines. The boutique, the company’s first in the world, is located at G/F Glorietta 5, Makati City. It was…
Kantar Worldpanel has formed a global partnership with Facebook that brings Facebook mobile ad exposure data into Kantar Worldpanel’s Consumer Mix Model (CMM) service. In Asia, the service has launched in South Korea, Taiwan, Thailand, Philippines, and…
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