Reporting and analysis on retail, e-commerce, and consumer trends in Philippines, updated continuously by our newsroom.
Bank of Tokyo-Mitsubishi UFJ Ltd., Japan’s biggest bank, is buying a 20 percent stake in the Philippines’ Security Bank Corp. in a deal expected to expand both institutions’ market reach. Security Bank Corp. said the deal would infuse an additional P36.9…
SM Cinema is bringing world class entertainment closer to provincial areas as it adds more cinema screens nationwide. SM Cinema, which operates the largest chain of cinemas in the country and holds a market share of 60%, has expanded to a total of 307 screens…
The Gaisano family has enlisted Woori Bank of South Korea as a strategic partner in thrift bank subsidiary Wealth Development Bank Corp. to boost the banking unit amid a competitive local banking landscape. Cebu-based Vicsal Development Corp. (Vicsal), parent…
Philippines’ corner stores called ‘sari-sari stores’ will be affected by growing competition from convenience stores sprouting in Davao City but they will continue to survive, according to a local government official. Ivan C. Cortez, officer-in-charge of…
Newly listed Visayan retailing giant Metro Retail Stores Group Inc. (MRSGI) is riding on the buoyant consumer spending in the country by expanding its delivery fleet and distribution infrastructure. “We aim to be a leader in retail supply chain management and…
The PCAAE’s inaugural Ang Susi awards open a new era for national organizations and the specialists who run them. PHILIPPINE association executives honored key members of their emerging profession at their inaugural Ang Susi Awards, this month. Organized by…
The mall business of SM Prime Holdings, Inc. (SM Prime), the country’s largest integrated property developer, reported its recent certification by the International Organization for Standardization. The ISO 22301 certification affirms the company’s commitment…
Following the success of the “Visit the Philippines Year (VPY) 2015” campaign, the country’s Department of Tourism (DoT) will launch a similar initiative again next year. The “Visit the Philippines Again (VPA) 2016” drive is part of DoT’s intensive marketing…
With strong macroeconomic fundamentals driven by a burgeoning consumer market and supporting social infrastructure, Davao City is expected to be the Philippines’ next retail hotspot outside Metro Manila. A recent report by global real estate services group…
The more awkward, the better. The Department of Tourism (DOT) is now calling on netizens to submit entries for its new contest, which aims to award cringe-worthy photos of tourists in the country’s top tourist destinations. “From the almost picture perfect…
Singapore celebrates 50 years of independence by sharing with Filipinos the best of what Singapore has to offer. Singapore Ambassador Ms. Kok Li Peng and Secretary of Foreign Affairs Albert del Rosario opens SG50, a cultural fair to celebrate Singapore’s 50…
SM Investments Corporation (SM) was cited anew by Hong Kong-based magazine The Asset as a winner of the Platinum Award, the highest award for excellence in corporate governance, corporate social responsibility and investor relations for seven years running.…
State-owned Duty Free Philippines is targeting total sales of $235m in 2015 (+2.5%) after hitting $229m in 2014, with Manila Airport accounting for nearly 45% and the downtown Fiesta Mall just under 50% as DFP’s largest single outlet. While the expected sales…
PTT Philippines, a unit of PTT Public Co. Ltd. of Thailand, plans to invest P3 billion in the next five years to expand the company’s network here. The capital expenditure program includes investments in retail stations, oil depots and terminals in Luzon and…
The recent move of international fashion retailer Mango from a space tucked inside Eastwood Mall to a bigger area in front of the shopping center was a sentimental moment for Kelly Santos, Mango Philippines country supervisor. “This was my base store so it’s…
GAISANO-LED mall developer Metro Retail Stores Group Inc. (MRSGI) will be tapping a P1.05-billion loan facility for future projects. In a disclosure to the Philippine Stock Exchange on Friday, Metro Retail said its board of directors had allowed the company…
Free background guides on how retail works in this market.
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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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