Tag: manila

Retail Asia27/12/2019
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Nestle-owned global chocolate brand KitKat is running a pop-up concept at SM Megamall in Manila until December 25. Called KitKat Chocolatory, the concept store allows customers to customize their own KitKat creations by choosing from a range of ingredients including almonds, macadamias and pretzels. It also offers limited edition local flavors such as mango graham, […]

Retail Asia18/10/2019
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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 vibrant market,” with a food counter as the store’s centrepiece. “We are […]

Retail Asia26/08/2019
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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 preventing and combating cross-border gambling and is targeting the Philippines, the leading offshore center […]

Retail Asia19/08/2019
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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 second quarter – half that of the preceding three months. First-half profit was down 34 percent on the same period last year. […]

Retail Asia06/06/2019
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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 expansion,” said McDonald’s MD Margot Torres. “In terms of new stores, we’re looking at about 50.” The firm’s outlets […]

Retail Asia29/05/2019
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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 percentage to P19.6 billion. As at the end of March, SM Retail had 2385 […]

Retail Asia29/05/2019
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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, while total outgoing grew 11 percent to PHP13.6 billion ($260.7 million). Net income attributable to shareholders […]

Retail Asia28/05/2019
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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 retail services group at the Manila Electric Company (Meralco). He first joined PLDT as SVP for the telco’s corporate […]

Retail Asia16/05/2019
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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 giant looks to quit the challenging market. Metro AG has invited Suning Holdings, Yonghui Superstores, […]

Retail Asia17/04/2019
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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 Department of ICT’s common tower policy during a hearing scheduled for Monday, committee […]

Retail Asia10/04/2019
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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 Dexter Comendador called the launch of the new route a “milestone occasion.” “Being […]

Retail Asia21/03/2019
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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 said it cornered a market share of 39.5 percent versus close competitor Philippine Airlines, which had a […]

Retail Asia07/03/2019
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Little Caesars Pizza Philippines will launch with its first restaurant next month. The move continues the expansion of the brand’s international footprint with new restaurants in Southeast Asia. The first restaurant to open under the new franchise relationship with local operator Palmtree PH Foods Corp will be located at the Metrosquare Building in Manila. Senior […]


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