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Tag: philippines

Retail Asia18/06/2017
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General

Resorts World Manila set to reopen shopping section

4min
Recovering from a deadly tragedy, the hotel-casino complex set on fire by an attacker last week will begin to open its retail section soon. Stephen Reilly, chief operations officer of Resorts World Manila, said that while management has been eyeing to open the shopping area which had 114 outlets, the gaming area will remain closed. […]
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Retail Asia15/06/2017
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Telecom

Globe Telecom picks Canvas for automation

2min0
Globe Telecom in the Philippines has turned to Canvas to become the platform that integrates service functionalities and help Globe automate its office processes. This move is expected to reduce costs, increase operational efficiency, and further enhance the operator’s commitment to environmental protection and conservation. More importantly, this will enable Globe to take on a […]
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Retail Asia14/06/2017
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Finance

Philippines, Indonesia agree to open up banking

4min0
The Philippines and Indonesia are set to ink an agreement this weekend to open up the banking industry aimed at greater financial integration and economic development among members of the Association of Southeast Asian Nations (ASEAN). Bangko Sentral ng Pilipinas Governor Amando Tetangco Jr. said a letter of intent (LOI) on the ASEAN Banking Integration […]
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Retail Asia14/06/2017
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Finance

More Filipinos adopt online trading at stock mart

7min
Online accounts at the Philippine stock market grew 27.8 percent to 302,516 from 236,669 in 2015, according to the annual Philippine Stock Exchange (PSE) report. PSE reported also that the total number of stock market accounts, which include both online and traditional accounts, was at 8.5 percent, from 712,549 accounts in 2015 to 773,187 at […]
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Retail Asia14/06/2017
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General

Weak peso to weaken consumer spending

5min
Household spending in the Philippines is expected to post a slower growth this year because of rising consumer prices and a weaker currency, Business Monitor International, a unit of Fitch Group, said in a report over the weekend. “In US dollar terms, household spending growth will experience a significant deceleration from 6 percent in 2016 […]
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Retail Asia13/06/2017
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Finance

OJK to expand banking access to the Philippines

3min0
The Financial Services Authority (OJK) plans to expand banking access to the Philippines by signing a Letter of Intent (LoI) with the countrys central bank, Bangko Sentral ng Pilipinas (BSP). The cooperation will pave way for access to some Indonesian banks that already certified as “Qualified ASEAN Bank” (QAB), the authoritys Deputy Commissioner for Supervision, […]
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Retail Asia08/06/2017
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General

Cebu Pacific gets 2 aircrafts, increases flights

3min0
The Philippines’ Cebu Pacific Air increases the frequency and capacity of its flights to Cebu, Davao, and Hong Kong, with the upgrading of its aircraft from an Airbus A320 to an A330. The increase in frequencies comes as Cebu Pacific added two brand-new aircraft into its fleet. Starting July 4, Cebu Pacific will be increasing […]
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Retail Asia08/06/2017
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General

Cebu Pacific to buy 7 Airbus jets for $812M

2min0
The Philippines’ largest airline Cebu Pacific is ordering seven Airbus A321ceo aircraft in a deal worth $812 million to meet growing domestic and regional demand, the airline said Wednesday. Cebu Pacific, best known for its budget flights, said in a statement the new planes would start arriving next March. “There is… the need to increase […]
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Retail Asia02/06/2017
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Telecom

PLDT, Globe complete SMC acquisition

2min0
PLDT and Globe have completed the final payment for their joint acquisition of conglomerate San Miguel Corporation’s telco assets, despite the ongoing court challenge from the Philippine Competition Commission (PCC). The final 13 billion peso payment of the 69.1 billion ($1.39 billion) acquisition fulfills the operators’ payment obligations under the acquisition agreement for valuable spectrum […]
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Retail Asia30/05/2017
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Food

Paper Moon finds new landing in the Philippines

5min
Milan’s famous ristorante Paper Moon is now in Manila, palangga. The restaurant opened in a gorgeous roof deck setting at the Knightsbridge Residences in Century City, a few steps from Century City Mall, Kalayaan Avenue, Makati City. Paper Moon is Edi Tekeli’s newest passion project and marks his return to Manille after many years of […]
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Retail Asia30/05/2017
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Fashion

Japanese retail brand opens store in Davao City

2min
Top Japanese fashion retail brand Uniqlo will open its first store in Davao City at SM Lanang Premiere this Friday.The store opened its doors today for a special preview to about a hundred selected shoppers mostly members of the media, bloggers, social media influencers and VIPs. Uniqlo Philippines chief operating officer Katsumi Kubota said the […]
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Retail Asia30/05/2017
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General

Philippine Double Digit Growth to Attract Investors

3min
The year 2016 was a great period for Philippines in the field of consumer lending which recorded a massive growth. The presidential elections in 2016 led to political stability and consumers had more confidence to take consumer loans. When the global market was highly volatile, consumer lending in the Philippines was an attractive destination with […]
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Retail Asia29/05/2017
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General

Cebu Pacific to end flights to Qatar from July 1

4min0
The low-cost Philippines carrier Cebu Pacific Air will stop flying to Doha at the beginning of July because the route is no longer financially viable, it said. The airline has been flying direct to Qatar for just over two years, and announced that its last return flight from Manila to Doha will be on July 1. It will also cease flying to Kuwait […]
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Retail Asia24/05/2017
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Fashion

Uniqlo steps foot in Davao

5min
It was the brand of a polo shirt I received as pasalubong from a Japanese friend way back in the early 2000s. Everyone would agree that this apparel brand has been a favorite pasalubong from relatives and friends working in Japan or have visited that country every time they return home in the Philippines, be […]
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