Reporting and analysis on retail, e-commerce, and consumer trends in Philippines, updated continuously by our newsroom.
Philippine conglomerate San Miguel corporation is selling its telecom business to incumbent operators PLDT and Globe following the collapse of its JV negotiations with Telstra. Under the agreement, San Miguel will sell its telecom unit Vega Telecom for 69.1…
Cignal TV in the Philippines has deployed Actus broadcast monitoring and media intelligent platform for TOA recording of MCR TV channels. Actus provides Cignal TV a broadcast recording solution as well as a system to support the marketing requirements. The…
One of the more significant banking stories of the year is the acquisition of Bank of Tokyo Mitsubishi UFJ (BTMU) of a 20 percent share in a local bank. It’s a move that many predict will eventually lead to a larger ownership stake in the future. BTMU CEO Go…
The Philippines has surpassed China in terms of GDP growth, for the first time in three decades, making the country the best performer in Asia* in Q1 2016. From 5 per cent in Q1 2015, Philippine GDP surged by 6.9 per cent in Q1 2016, the highest since the…
The Philippines’ Globe Telecom has become the first operator in the nation to pilot using TV white space frequency for mobile broadband. The operator is collaborating with the ICT office of the Department of Science and Technology to trial use of the spectrum…
Robinsons Retail has acquired a 51 per cent controlling interest in The Generics Pharmacy (TGP), the Philippines’ largest and fastest growing generics drugstore chain. The acquisition of TGP’s over 1800 stores, combined with South Star Drug, will take the…
The Philippines’ Globe Telecom is encouraging the government to establish a new Department of ICT to help improve the state of local internet services and the nation’s digital readiness. Globe general counsel Froilan Castelo urged outgoing president Benigno…
SSI Group saw its profit slashed by more than half – or 54.5 per cent – to P122 million (US$2.6 million) in the first quarter, from the same period a year ago. The Philippines’ largest specialty store retailer recorded a 7 per cent increase in revenues to…
Jollibee sales grew 14.8 per cent year-on-year to P34.4 billion (US$737.7 million) in the first quarter of 2016, with help from election-related spending and low inflation. The systemwide sales come from company-owned and franchised stores of Jollibee Foods…
iQor, a global provider of integrated customer and product support services, today announced that the company has embarked on a significant expansion initiative that will add over 175,000 square feet of additional contact center space across the Philippines.…
7-Eleven Philippines stores register first-quarter sales growth on the back of election-related buying. Retail sales of all stores went up by 33.5 per cent to P7.3 billion (US$405 million) from P5.5 billion a year ago. This was driven by opening of new stores…
Globe Telecom has entered a collaboration with the city government of Manila to roll out fiber broadband technology in Binondo. This initiative will provide internet connectivity with speeds of up to 1Gbps to the world’s oldest Chinatown. Early this year,…
Developed and owned by Ayala Malls, a real-estate subsidiary of Ayala Land, which is an affiliate of Ayala Corporation, one of the oldest and most prominent family owned conglomerates in the Philippines. The firm is widely credited for spearheading the…
With the Philippine economy expected to continue along its growth path, it might not take long before international supermarket chains start operating in the country. This developed as the British Chamber of Commerce of the Philippines (BCCP) said it will…
Thai home-furnishings manufacturer and retailer Index Living Mall has set a strategic plan to open at least one store in a new Asean market every year. The company expects the sales contribution from Asean countries to increase significantly from the 6 to 7…
Max’s Group Philippines has opened nine stores mainly across star brands Max’s Restaurant, Pancake House, Yellow Cab Pizza and Krispy Kreme in the first quarter of 2016. These expansions include three international outlets – Max’s Restaurant in Qatar, Yellow…
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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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