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Tag: philippines

Retail Asia23/05/2017
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General

Cebu Pacific Air begins new service to Busuanga

1min0
Cebu Pacific Air added another domestic route on 15 May. On that day it began three times weekly (Mondays, Wednesdays and Fridays) service between Cebu (CEB) and Busuanga (USU). The 467-kilometre sector will be operated by CebGo using its ATR 72s. Competition is provided by Philippine Airlines which already serves the route daily with a […]
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Retail Asia19/05/2017
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Food

Philippines likely to import more rice from Vietnam

1min0
The Philippines is likely to import an additional 250,000 tonnes of rice from Vietnam and Thailand. The Philippines government on Tuesday said the country would import more rice to boost its stocks ahead of the lean harvest season. The National Food Authority Council did not specify the quantity, but demand from the Philippines, one of […]
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Retail Asia19/05/2017
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General

Alfamart operator to expand chain in Philippines

3min
Sumber Alfaria Trijaya, operator of Alfamart convenience stores in Indonesia, plans to add up to 200 units in the Philippines this year that will nearly double its presence there. SAT began its Philippine business in 2014 with a 35% stake in a joint venture with SM Investments, the Philippine banking, retail and real estate conglomerate. […]
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Retail Asia19/05/2017
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General

Cebu Pacific begins new routes from Clark, Cebu

2min0
Cebu Pacific expands its domestic network through its wholly-owned subsidiary, Cebgo, with the addition of four new routes from Clark and Cebu. On May 15, 2017, Cebgo started flying directly from its Clark hub to two of the world’ best islands, daily to and from Caticlan, Boracay, and three times weekly (Monday, Wednesday, and Friday) […]
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Retail Asia18/05/2017
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General

Discover the best of Cebu with AirAsia

3min0
Whether you are into mouthwatering dishes, breathtaking beaches or amazing historical sites, Cebu offers the best experience and AirAsia is making it easier and more affordable for you to fly now to the “Queen City of the South” from Davao with an all-in fare from as low as P499. AirAsia, voted the world’s best low cost […]
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Retail Asia17/05/2017
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General

Cebu Pacific Q1 profit drops 68.2% to P1.28B

1min0
Low-cost carrier Cebu Pacific said its first quarter net income fell 68.2 percent to P1.28 billion from P4 billion a year ago due to increased expenses arising from higher fuel prices coupled with a weaker of Philippine peso.The airline told the stock exchange on Wednesday that its operating expenses swelled by 20.3 percent to P14.3 billion […]
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Retail Asia17/05/2017
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General

Petron to start $20B oil refinery in early 2018

6min
Petron, the country’s biggest oil refiner and retailer, has partnered with two foreign firms to start building a new oil refinery worth $15 million to $20 billion by early 2018. “This is the biggest investment in the Philippine history so far. Have you seen a plant that is worth that much?” Ramon Ang, president and chief executive […]
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Retail Asia16/05/2017
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General

PAL suspends Cebu-Los Angeles service

1min0
THE Philippine Airlines (PAL) announced Monday, that it will “temporarily suspend” its Cebu-Los Angeles service effective May 30. In its advisory, the airline company said “the suspension of the Cebu-Los Angeles service is being carried out as PAL rationalizes capacity on the route.” “PAL is seeking the kind understanding of affected passengers as the airline […]
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Retail Asia15/05/2017
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Food

Jollibee gains control of SuperFoods Group

4min0
Jollibee Foods gained control of the joint venture behind the Highlands Coffee and Pho 24 brands ahead of a plan to list the latter in Vietnam’s stock market. In a disclosure, the homegrown fastfood giant said its subsidiary JSF Investments Pte. Ltd hiked its stake in the SuperFoods Group to 60%, while its partner Viet […]
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Retail Asia11/05/2017
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General

Cebu Pacific passenger traffic slipped in Q1

2min0
The operator of budget airline Cebu Pacific Air saw passenger growth contract in the first quarter of 2017, partly on increased competition with domestic rivals. Cebu Air, which owns Cebu Pacific and Cebgo, announced its January to March 2017 operating statistics on Wednesday, showing that passenger traffic slid by 0.5 percent to 4.81 million passengers compared […]
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Retail Asia09/05/2017
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Food

More Pinoy men now shop for groceries, says survey

4min
Grocery stores are typically the turf of women in the Philippines, but the presence of men is increasingly being felt, according to the latest survey conducted by market research firm Nielsen. Men now make up as much as 40 percent of shoppers in supermarkets, or a 6-percentage point increase from last year, signaling a continuing […]
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Retail Asia09/05/2017
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General

Bosch store boosts Cebu’s top retail market status

2min
The store opening of a high-end kitchen appliance brand in Cebu proves its position as a primary retail market for top-of-the line products. This also means that Cebu’s buying population has a discriminating taste for brands that last for longer period, said Efren Reyes, sales manager, kitchen and appliance division of Hafele Philippines Inc. “This […]
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Retail Asia08/05/2017
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Telecom

PLDT secures 25-year franchise extension

2min0
The Philippines’ PLDT has announced that wireless subsidiary Smart has secured a 25-year extension to its franchise. President Rodrigo Duterte has signed into law a new Act that effectively extends Smart’s franchise until 2042. The franchise allows Smart to deploy, maintain, lease and operate integrated domsetic and international telecommunications services nationwide. New details have also […]
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Retail Asia02/05/2017
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Living

Ikea gets approval to enter the Philippines

3min0
The Philippine Board of Investments (BOI) has approved Ikea’s entry into the Philippines, following a bid from Ikano Ltd, the operator and franchise-rights owner of the Swedish furniture giant in Asia. The ready-to-assemble furniture and appliance maker first mentioned it had plans to enter the Philippines as early as 2013, but has so far failed […]
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Retail Asia30/04/2017
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General

Growing Internet café lures Chinese company

11min
Chinese computer-peripherals firm Shenzhen Rapoo Technology (Rapoo) is penetrating the growing local Internet Café (iCafé) sector to secure a dominant position in the market. The iCafé business is a growing industry here, according to Rapoo Philippines Retail Sales Manager Lem Estiva. “A lot of well-known i Cafes, like The Net.Com (TNC) and WarGods, have started expanding […]
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