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Manila-based food-and-beverage kiosk operator Fruitas has grown its store network to 1036. The company, with a portfolio of banners, including Buko ni Fruitas, Juice Avenue, Black Pearl, and Johnn Lemon, has added 106 new stores this year to the 930 it ended…
Hong Kong urban fashion retailer Popcorn General Store has launched in the Philippines at Ayala Mall Manila Bay in Pasay City. A PhilStar report lists a range of popular streetwear brands available at the store such as Supreme, ASSC, Chinatown Market, Rip N…
The world’s largest FamilyMart is to open in Manila. The 400sqm outlet will launch in Bonifacio Global City, Taguig, on the ground floor of the Udenna Towers, operated by Philippine FamilyMart CVS. The store will be designed to appeal to “a youthful and…
High rollers from China in the Philippines are in Beijing’s sights as the Chinese Embassy asks Manila to end the illegal employment of Chinese nationals in the country’s gaming industry. The Chinese government will carry out more special operations aimed at…
Jollibee’s Smashburger and Red Ribbon business units significantly dragged down the restaurant operator’s first-half profits. Jollibee Foods Corporation says the company’s net income attributable to shareholders was P1.1 billion (US$21.1 million) in the…
Cebu Pacific said it is eyeing to expand its hubs in Clark and Cebu as it continues to boost its fleet with a target of 83 aircraft by end-2022. Lance Y. Gokongwei, president of Cebu Pacific operator Cebu Air, Inc., said the budget carrier will be adding “a…
McDonald’s Philippines is expanding, with new stores and branch upgrades unfolding this year along with menu additions. There are currently around 650 McDonald’s restaurants in the territory, 61 of which opened last year. “We’re continuing our aggressive…
Cebu Air, the operator of low-cost carriers Cebu Pacific and Cebgo, said net income jumped 138.4 percent in the first quarter from a year ago, on the back of strong passenger and cargo revenues. The airline unit of the Gokongwei Group said it posted a net…
SM Retail has achieved a first-quarter profit increase of 5 percent to P2.7 billion (US$51.7 million). Retail revenues in the first three months rose by 13 percent year-on-year to P79 billion, while sales from specialty retail stores grew by the same…
Philippine property giant SM Prime Holdings says its net income in the first quarter increased 16 percent based on higher rental income and residential sales. Gross earnings increased 14 percent to PHP26.5 billion (US$508.1 million) during the time period,…
PLDT announced Alfredo S. Panlilio (AI) will return to the Philippines telco as chief revenue officer of both PLDT and its mobile unit Smart Communications, starting July 1, 2019. Panlilio (pictured) currently serves as senior vice president of customer…
Germany’s Metro has shortlisted four prospective bidders for its China business, including two of Mainland China’s largest retail groups. The Metro China sale has been in planning since last September, with formal bids invited in March as the German retail…
A Philippines’ House of Representatives committee will next week hold a hearing on the government’s common tower policy to address the industry opposition and potential legal hurdles of the proposal. The House Committee on ICT will look into the status of the…
Budget airline AirAsia announced it will operate flights between Manila and Osaka, Japan for the first time in July 2019. In a statement, AirAsia said its daily services for the Manila-Osaka route will begin on July 1. AirAsia Philippines president and CEO…
The Philippines’ Cebu Pacific Air plans to add at least 10 new-generation aircraft to its fleet this year, as it steps up its fleet renewal and expansion plans in a bid to accelerate growth. The country’s largest airline expects to take delivery of five…
Budget carrier Cebu Pacific has kept its market share lead in the Philippines to Australia route, a statement on Thursday showed. Citing data from Australia’s Bureau of Infrastructure, Transport and Regional Economics from November last year, Cebu Pacific…
