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The Bangko Sentral ng Pilipinas (BSP) said individual consumers would be covered by the batch electronic fund transfer (EFT) credit automated clearing house (ACH) starting next month as it pursues greater use of electronic payments by shifting to cash-lite…
Rental revenues from mall expansions and consistent improvement in same-mall sales have helped boost income for integrated property company SM Prime Holdings. For its third quarter, the company had 16 per cent year-on-year net income growth to PHP5.6 billion…
After it introduced the first Quick Response (QR) code payments via app in the Philippines last May, PayMaya Philippines has announced that the scan-to-pay technology is now available across the country, with Smart Stores and select merchants in key cities…
Budget carrier AirAsia on Thursday announced it will start servicing flights from Manila to Bali and Jakarta in Indonesia starting January 2018. In a statement, AirAsia Philippines said it will start flying from Manila to Jakarta, Indonesia starting January…
The Philippines’ low-cost airline, Cebu Pacific, is now including the cost of the Domestic Passenger Service Charge (DPSC) in all ticket quotes. Commonly known as the “Terminal Fee” the inclusion is for domestic flights operating out of airports managed by…
Motorola Philippines has opened a Motorola Kiosk in SM Batangas, its first retail venture outside Metro Manila. It is its fourth store since Motorola entered the Philippines in October last year, and follows the opening of a kiosk in Cyberzone, Mall of Asia,…
Casual-dining giant Max’s Group Incorporated (MGI) has broken into the Middle East and also broadened its presence in Canada. Its casual-dining restaurant brand Sizzlin’ Steak has gained a foothold in the UAE through a partnership deal with Kasamar Holdings.…
Budget carrier AirAsia Philippines on Tuesday announced it will begin offering direct flights from Manila to Ho Chi Minh City, Vietnam in November. “We are thrilled to announce that we will start servicing direct flights from Manila to Ho Chi Minh in November…
Zero Halliburton, the only luggage to have travelled to the moon and back, has landed in S Maison at Conrad Manila. Marking its launch in the Philippines, the 80-year-old global luggage brand is exhibiting the aluminum briefcase that stored rock and soil…
Bigg’s Diner, known for serving burgers and Filipino rice meals in Naga and the Bicol region since 1983, plans to open in Metro Manila next year. Business development head Ronaldo Linao says the restaurant group is already looking at three possible sites –…
Property developer Megaworld Corp says it plans to open 13 malls in the next three years in line with its target to hit 28 by 2020. It already has 13 malls across the Philippines, with Southwoods Mall about to open in Laguna. Megaworld Lifestyle Malls…
Property giant Megaworld Corporation, which specialises in developing integrated urban townships, achieved first-half net income of PHP6.69 billion (US$130.4 million), an 11 per cent improvement on the same period last year. Rental income drove its earnings…
Philippine 7-Eleven stores will be adding new concepts and initiatives over coming months to help differentiate from rival c-store chains. Parent Philippine Seven Corporation, revealing its trading figures for the first six months which included a decline in…
Irvins Salted Egg snack store from Singapore has opened its first Philippines outlet, in Metro Manila. On the ground floor of SM Mega Fashion Hall, the shop sells the brand’s signature snacks: salted egg fish skins and salted egg potato chips. Owner Irvin…
CB International Co., Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd., (referred to below as “JCB”) announced the launch of the first JCB Platinum Credit Card in the Philippines issued by BDO Unibank, Inc. (BDO), the largest bank in the…
Cebu Pacific (CEB), the only low-cost carrier servicing Manila and Sydney in Australia, has captured the largest market share for both passenger and cargo services on the route as of April 2017 and wants to increase its flight frequencies to this destination.…
