Reporting and analysis on retail, e-commerce, and consumer trends in Philippines, updated continuously by our newsroom.
The Philippines’ second wealthiest man according to Forbes, John Gokongwei Jr, has retired as chair and CEO of Robinsons Retail Philippines. Robinsons Retail covers supermarkets and household brands such as Toys ‘R’ Us, True Value and Mini Stop. Gokongwei,…
March marks another year for ecommerce site leader, Lazada Philippines (www.lazada.com.ph). The country’s leading one-stop shopping and selling destination, capped its 4th anniversary with a Birthday Sale last March 15 – 18, 2016. Lazada sent online shoppers…
The Philippines’ Globe Telecom has revealed it is open to the possibility of acquiring conglomerate San Miguel Corporation’s (SMC’s) telecom subsidiaries to give it access to valuable 700-MHz spectrum. Globe’s CEO Ernest Cu said the company would be open to…
Metro Retail Sales, Visayas’ largest retailer, has reported a rise in after-tax income of 20.6 per cent to P758.6 million (US$16.4 million) for 2015. Metro Retail (MRSGI)’s net sales grew 13.9 per cent to P32.5 billion last year from 2014, said the company in…
Where’s Marcel has opened its first cafe outside Australia – in Manila, the Philippines. The Philippine branch on Pearl Drive in Ortigas is the company’s third store after Sydney and Melbourne. Where’s Marcel? coffee founder Marcel Ruggieri said “there’s very…
Philippine property giants are entering record capital expenditure programs in 2016, on the back of strong economy, according to the global property advisor Savills. Three of the eight biggest property developers – Ayala Land, SM Prime Holdings and Robinsons…
The Philippines’ first microsatellite, Diwata-1, was launched into space last week from the National Aeronautics and Space Administration in Camp Canaveral, Florida. Department of Science and Technology (DOST) Secretary Mario G. Montejo said that Diwata-1’s…
The SM Mall of Asia and Museo del Galeon are set to launch the Manila-Acapulco Galleon Museum in Pasay City in the third quarter of 2016. The dome-shaped museum will feature the history of the 250-year old global trade route where the Philippines and Mexico…
Taipan John Gokongwei Jr., the country’s second richest man according to Forbes, has stepped down as chairman and CEO of Robinsons Retail Holdings Inc. (RRHI), which is in charge of the family’s retail business which include supermarkets and household brands…
The National Basketball Association (NBA) has opened the third Manila NBA Store. “[The new branch] has the most complete assortment of [NBA] products and merchandise in the Philippines,” said NBA Philippines MD Carlo Singson during a press conference. The…
The Philippines’ Globe Telecom is upgrading its GCash mobile money service to allow it to support expanded services such as bulk payment services for salaries. The operator’s dedicated G-Xchange Inc (GXI) subsidiary will deploy the latest version of Amdocs’…
The Philippines’ Globe Telecom has launched Global Connect, the GSMA-led platform that seeks to protect users from the risk of online fraud and scams. GSMA’s Mobile Connect aims to securely authenticate, authorize and identify subscribers accessing content by…
Mobile money interoperability in the Philippines took a step forward with the successful integration of the digital payments mobile app of PLDT and Smart Communications’ Paymaya Philippines with Globe Telecom’s mobile money service GCash. The interoperability…
Philippine retail sales soared 6.3 per cent in the last quarter of 2015 – more than three times faster than the same period a year earlier. According to data from the Philippine Statistics Authority, the retail trade growth was more than three times the rate…
Suzuki Philippines, the only integrated automobile and motorcycle company in the country, recorded one of the biggest sales growths in the industry last year with its massive 52% year-on-year growth and 10,000 retail sales, and aims to repeat this 2015…
David Minol, who grew up in the Czech Republic, describes the Philippines as a hot country, not only because of its tropical climate but also in terms of its rapidly growing economy. His company, Home Credit Philippines, is taking advantage of the large…
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