Topic
1,473 stories in this topic
The Philippine government has prolonged its prohibition on sugar imports until December 2026, given the strong domestic supply. This strategic decision is designed to provide ongoing support for local farmers and producers and maintain market stability.…
Pop Mart, a Chinese retailer specializing in collectible toys, has established its first long-term retail store in the Philippines. This move comes after a succession of temporary pop-ups throughout Metro Manila, signalling a more robust presence in the local…
Globe Telecom has announced plans to implement a new submarine cable system in Mindanao, set to begin in early 2026. This advancement highlights the ongoing commitment to strengthen network resilience and extend capacity in Southeast Asia’s archipelagic…
UK-based sports merchandise giant, Sports Direct, has marked its debut in the Philippine market through a collaboration with Map Active, a sports and lifestyle retailer. The Inaugural Store The first ever Sports Direct store, situated at Ayala Malls Manila…
SM Investments, a conglomerate with operations in retail, banking, and property, experienced solid retail sales during the first three quarters of the year. These robust sales contributed to a consolidated net income of US$1.09 billion, a 6% rise compared to…
Globe has announced the successful completion of 5G mmWave trials using Nokia’s Fixed Wireless Access (FWA) technology alongside Wi-Fi 7 equipment. The trials achieved peak download speeds of up to 4.3 Gbps. According to the operator, this level of…
The Philippines’ prominent data center operators have officially collaborated to establish the Data Center Operators of the Philippines (DCPH). This unified alliance aims to fortify the country’s standing as the upcoming digital hub of Southeast Asia. Forming…
The retail vacancy rate in Metro Manila is projected to return to pre-pandemic levels by 2022, according to a recent study by Colliers Philippines. The rate of empty retail spaces in Metro Manila eased to 11.4% as of September 30, 2021. By the close of next…
The central bank of the Philippines, Bangko Sentral ng Pilipinas (BSP), is currently considering whether to hold onto or sell a portion of its substantial gold reserves. This comes following comments from Benjamin Diokno, a member of the bank’s Monetary Board…
Globe Business has forged a groundbreaking alliance with global cybersecurity powerhouse, Cyble, to launch an innovative AI-focused threat intelligence platform in the Philippines. This collaboration is designed to fortify enterprise cybersecurity and arm…
OldTown White Coffee, a renowned Malaysian coffee brand, is charting an ambitious growth trajectory in the Philippines with a hefty investment amounting to US$21 million (PHP400 million). The funding will facilitate the introduction of 20 additional outlets…
Ikea is expanding its presence in the Philippines by inaugurating its inaugural Plan and Order Shop through a strategic collaboration with Ayala Malls. This initiative aims to provide more convenient access to northern Metro Manila residents. The…
Singapore has recently seen an influx of Chinese food and beverage (F&B) brands. Among them are the florist-café Tomacado, the popular teahouse Incloud, and Siji Miinfu, a specialist in Peking duck. However, the island nation is also preparing to welcome a…
H&M is setting its sights on the vibrant youth demographic of the Philippines as a catalyst for its growth in Asia, according to Saed El-Achkar, the Regional Manager and CEO of H&M’s Greater China and East Asia Regions. With nearly 11 years of presence in the…
Spinneys, a thriving fresh food supermarket chain, has made a strategic move into Southeast Asia by partnering with Ayala Corporation to open new stores in the Philippines. This marks the supermarket chain’s first entry into the region. According to the terms…
After more than a decade of absence, Dutch wholesale retailer Makro is poised to make a comeback in the Philippine market. This return is made possible through an alliance between Thailand’s CP Axtra and Ayala Corporation. New Business Venture The…
