Reporting and analysis on retail, e-commerce, and consumer trends in Philippines, updated continuously by our newsroom.
The Philippines’ Bureau of Internal Revenue (BIR) has teamed up with Globe Telecom to improve tax collection via the GCash mobile money service. Under the partnership, Globe’s GCash and the BIR have relaunched the Philippines’ first electronic tax filing and…
Japanese fashion brand Uniqlo is opening six stores in the Philippines by June 2016. “We are thrilled to announce that Uniqlo will open four new stores in Luzon by May and two new stores in the Visayas by June, as we continue to bring high-quality and…
Two Asian retail leaders have been added to Forbes magazine’s annual list of 50 most powerful businesswomen in Asia – in The Philippines and Vietnam. They are Robina Gokongwei-Pe, the president and COO of Robinsons Retail Holdings, the second-largest…
The Philippine eCommerce industry is expected to grow by 101.4 per cent by 2018 from $1.15 billion in 2013, according to the Philippine eCommerce Outlook. Prudencio Reyes Jr, undersecretary of the Department of Trade and Industry said eCommerce will help…
The Philippines’ PLDT, through wireless subsidiary Smart, has commenced the rollout of LTE-Advanced carrier aggregation. The operator has initially deployed the technology in the popular tourist destination of Boracay, marking the first implementation of the…
The Filipino business community in Indonesia has launched the Philippine Business Club Indonesia (PBCI), a business association representing private sector interests to promote and strengthen business, economic, and socio-cultural ties between the Philippines…
The Philippine 7-Eleven network of convenience stores recorded record profits in 2015, fuelled by new store openings. Parent, listed company Philippine Seven, says it surpassed 1 billion pesos (US$22 million) in profits for 2015. The 15.4 per cent…
The Philippines’ 55 million voters are now susceptible to fraud and other risks after a massive data breach leaked the entire database of the Commission on Elections (Comelec), security firm Trend Micro has warned. The defacement of the Comelec website by a…
The average office rental rate in the Philippines is much cheaper than anywhere else in Asia-Pacific but this segment is very lucrative because brisk demand from business process outsourcing (BPO) is driving growth at a “healthy” pace, experts from global…
Robinsons Philippines has reported a 21.9 per cent increase in net income in 2015 to P4.3 billion ($90 million) on the back of same-store sales growth and sales from newly opened stores. Same-store sales growth for Robinsons Retail Holdings grew 4.1 per cent…
Japan’s biggest lender Bank of Tokyo-Mitsubishi UFJ said the Philippine market plays a crucial role in its goal to become Asia’s Tier 1 financial institution. BTMU, which recently bought a 20-percent stake in the Philippines’ Security Bank Corp., said it…
Japanese convenience store chain Lawson is cautiously planning its expansion in the Philippines, which the company considers a key market to expanding its global presence. Under pressure to keep up with rival Japanese chains 7-Eleven, Ministop and Family…
A new Ray-Ban Manila pop-up store is the eyewear brand’s first in Asia. The pop-up, at the Greenbelt shopping centre in Makati, will showcase the Ray-Ban Aviators range. Originally designed for US military pilots in 1937, Ray-Ban Aviators is one of the…
Philippines conglomerate Century Pacific Group has partnered with Singapore’s sovereign investor GIC to buy the parent of Shakey’s Philippines, the pizza restaurant chain. The tie-up will acquire majority of of the business from the Prieto family, which will…
Japanese SMEs are being enticed to invest in the Philippines, where labor cost is competitive and a majority of workers are English-speaking. Spearheading the campaign are Rizal Commercial Banking Corp. (RCBC) and Resona Bank, a bank for small and medium…
Growing online sales will not undermine demand for Asian retail real estate, according to the last CBRE study of major international brands. For the seventh edition of How Active Are Retailers Globally?, the real-estate company looked at more than 150 major…
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