Reporting and analysis on retail, e-commerce, and consumer trends in Philippines, updated continuously by our newsroom.
State auditors found the lender released credit without inspecting project sites, leaving 61.4 percent of its infrastructure contractor portfolio in default.
Australian software group Canva appointed former Bukalapak chief executive Willix Halim to run its South-east Asian operations as regional recurring revenue triples.
The Department of Energy will auction 3,840 megawatts of mid-merit gas capacity across Luzon and Visayas, locking utilities into long-term contracts despite imported fuel price risks.
The operator of Angel’s Pizza and Figaro Coffee will offer minority shareholders P0.82 per share to take the restaurant group private after less than five years on the market.
Mayors in Albay set an end-October deadline for utility ALECO to halt recurring blackouts after taking 867 million pesos in government subsidies.
Disclosures to the Philippine Stock Exchange follow an 81 percent peak-to-trough drop in AllHome branches and a P36.4 million net loss.
Lower labor force entries and 227,000 new wholesale and retail jobs helped reduce the Philippine jobless total to 2.77 million in August.
Knight Frank forecasts Indonesia will expand its ultra-high-net-worth population by 82 percent to 6,966 individuals over the next five years.
Consumer lender offers zero percent down payment terms across retail partner networks ahead of the flagship handset rollout.
A drop below the 50-point threshold ends five months of factory expansion as higher oil prices and softer demand hit orders.
Local colocation operators are shifting from single-digit kilowatt rack densities to higher-density configurations using closed-loop water cooling.
The mobile wallet operator fixed its share price for the domestic market debut on October 2.
The Philippine apparel brand will open its first Indonesian store in December following its four-part runway showing in Manila.
The Alibaba-owned marketplace established its first greenhouse gas baseline and reported that proactive counterfeit removals reached 98 percent prior to purchase.
The US fast-fashion parent company is expected to close around 350 stores worldwide, but the Philippine joint venture is boosting investments for the Christmas season.
The multi-year capital deployment funds automated processing lines in Thailand and a new feed mill in the Philippines to supply regional retailers.
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