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Hotel101 Global, a venture supported by Jollibee Foods founder Tony Tan Caktiong, is marking its expansion into Thailand with an investment of US$200 million. This investment is aimed at the development of three new hotels in Southeast Asia’s top tourist…
The Philippine government has sanctioned an unprecedented 12% increase in the daily minimum wage for Metro Manila, providing an additional 85 pesos (US$1.4) in two separate instalments beginning later this month. This decision is set to impact over 1.1…
Following closely on the heels of Abercrombie & Fitch’s entrance into the Philippine market, Hollister, the popular American lifestyle brand, has also opened its doors at the SM Mall of Asia. Partnership with PT Mitra Adiperkasa The grand unveiling was made…
In the first quarter of 2021, SSI Group, a leading luxury retailer in the Philippines, witnessed a significant drop in profits. The company reported a decrease of 58.5 per cent in net income to US$2.4 million (PHP$152.9 million), even though revenue increased…
SM Home, the popular home and living subsidiary of Philippine retail giant SM, is set to unveil its freshly redesigned Makati flagship store this week. This debut also marks the commencement of a wider overhaul of SM Home’s retail format. Innovation in Store…
In a solid display of global retail growth, Jollibee Group (JFC) concluded its financial year of 2025 with impressive fourth-quarter earnings and continued expansion worldwide. The group successfully enhanced its store network and achieved robust growth in…
In the first two months of 2026, Vietnam saw a 5% increase in rice exports from the previous year, amounting to about 1.3 million tonnes. Despite the increase in quantity, the total value of these shipments experienced a year-on-year decrease of 11.2%,…
British retailer Marks & Spencer (M&S) has reassured its commitment to the Philippine market, despite the termination of its long-standing franchise agreement with SSI Group. This comes in response to speculations that the retailer was planning to withdraw…
Thai-based beauty retailer, Konvy, has made its physical debut in the Philippines by opening its inaugural flagship store in Robinsons Galleria, Pasig City. Konvy established its roots in the beauty industry in 2012, initially operating as an e-commerce…
The continued closure of stores and generous discounts across the Philippines have led to speculation about the sustainability of Marks & Spencer’s (M&S) local operations. This comes as the brand’s long-time franchise partner starts to shut down several…
Renowned Hong Kong-based noodle franchise, Tam Jai Mixian, has successfully expanded its operations to the Philippines, marking another key milestone in its regional growth strategy. This expansion was made possible through a franchise partnership with Suyen…
Salady, a popular salad chain from Korea, has recently inaugurated its first outlet in the Philippines. This strategic move was made possible through a master franchise agreement with a local partner, Palette Passion Inc. Salady has opted for a franchise-led…
The Philippines’ telecommunications and pay-TV service sectors are set to experience a surge in revenue, increasing from USD 8 billion in 2024 to an estimated USD 9.7 billion by 2029, representing a compound annual growth rate (CAGR) of 3.8%. The expected…
Jollibee Foods Corp, a major player in the foodservice industry, has announced its intention to separate its international operations from its existing company structure. This significant move involves setting up a new, independent entity, which will be…
Globe Telecom Inc. has finalized its business arrangement with Singapore-based company, NCS Pte. Ltd., through their joint venture with Yondu Inc., valued at PHP 1.73 billion. This venture was first established on March 26, 2025, and was made public in a…
The Clark International Airport Corporation (CIAC) is taking decisive steps to establish the Clark Civil Aviation Complex (CAC) as the Philippines’ next central hub for cargo and logistics. This development is supported by the extensive redevelopment of the…
