Tag: philippines

Retail Asia05/04/2017
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4min0
Jollibee Foods Corporation’s largest brand has been experiencing some financial challenges since July 2016 due to the rising cost of raw materials and contractualization issues in the Philippines. But despite these, the homegrown fast-food chain expects to maintain its lead against rival McDonald’s Philippines, driven by its network expansion and product innovation. Jollibee, known for its […]

Retail Asia03/04/2017
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3min0
Cebu Pacific has rolled out more payment options for travelers in time for the summer peak period. Cebu Pacific has partnered with American Express (Amex), allowing its cardholders to book and buy their flights using their Amex cards. Amex, owned by global services company American Express, is the largest card issuer in the world based […]

Retail Asia01/04/2017
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2min0
Amazon with exclusive affiliate partner iPrice Philippines premieres the first screenshots of the all new and exciting online shopping platform: Amazon.ph. Slated to be launched late 2017, millions of local and international products will be made available to Filipinos with same-day delivery service throughout the nation.  Maintaining the ethos of Amazon, the new e-commerce platform […]

Retail Asia31/03/2017
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1min0
SM Supermalls has partnered with ride-hailing and multi-service mobile platform Grab in a special promotion. The companies will offer 10,000 Grab coupons in Metro Manila and such key cities as Bacolod, Cebu, Davao and Iloilo. New users are offered free rides while existing Grab customers receive half-price rides. “Our collaboration with Grab marks not just […]

Retail Asia31/03/2017
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3min0
Online fashion store Zalora Philippines has signed a partnership with media site Inquirer.net with the aim of making online shopping more convenient. Zalora Group sells fashion and lifestyle products online in Brunei, Hong Kong, Indonesia, Malaysia, Singapore and Taiwan as well as The Philippines. Its partnership with the news site is a response to the […]

Retail Asia30/03/2017
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2min0
Philippines operators PLDT and Globe Telecom have both cut mobile voice rates to as low as 1 peso ($0.02) per minute, in response to slumping voice usage and a regulator-encouraged cut in mobile termination rates last year. Globe and PLDT’s wireless division Smart have both introduced add-on packages for mobile subscribers offering a set allocation […]

Retail Asia29/03/2017
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6min0
Robinsons Department Store, in partnership with the Department of Trade and Industry (DTI) opens today the first Go Lokal! store in Robinsons Place Manila. Robinsons Department Store, an affiliate of Robinsons Retail Holdings Inc., is the first mainstream outlet to launch Go Lokal!, a public-private collaboration between DTI and local retailer partners that aims to showcase modern and indigenous quality products crafted, designed, and […]

Retail Asia27/03/2017
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2min0
The Philippines’ Globe Telecom has selected Canadian wireless broadband provider NuRAN Wireless to conduct the next phase of its trial rural connectivity program. Globe will use NuRAN’s equipment within 50 sites at various villages in across the Philippines. These sites will use NuRAN’s LiteCell 1.5 base stations, connected using a de-centralized GSM network topology. Globe […]

Retail Asia27/03/2017
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3min0
Budget carrier Cebu Pacific has vowed to increase inter island connectivity within the Philippines to stimulate trade and tourism within the country. Cebu Pacific Vice President for Corporate Affairs Paterno S. Mantaring said this commitment comes on the heels of the company registering a 122-percent increase in net income in 2016. A filing with the […]

Retail Asia25/03/2017
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2min
The Philippines plans to sell at least 30 billion pesos ($596 million) worth of three-year retail treasury bonds to provide small investors with safe investment options, the Bureau of Treasury said on Thursday. It would be the second retail bond issue under President Rodrigo Duterte’s nine-month-old government, which in September 2016 raised as much as […]

Retail Asia23/03/2017
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3min0
Ayala Malls has teamed up with ride-sharing service Uber to improve access to its newest mall, and may expand the service to the rest of its empire. Initially, Ayala Malls the 30th is teaming with carpool service UberHop, which offers fixed-rate ride shares for people heading in the same direction during rush hour. For a […]

Retail Asia23/03/2017
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2min0
PLDT has ramped up its FTTH rollout with the launch of what it calls its first “Fibr City” in Cebu, which provides residents of Toledo City with speeds of up to 1Gbps. The initiative, named after PLDT’s Home Fibr branded FTTH service, has been conducted in collaboration with the Toledo City government. PLDT has invested […]

Retail Asia23/03/2017
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3min
The Philippines on Monday signed agricultural deals with Thailand, three months before it scraps a quantitative restriction on rice imports under an agreement with the World Trade Organization (WTO). The agricultural agreement encompasses information exchange concerning best practices in irrigation, livestock and fisheries, and technology for soil and water conservation, said President Rodrigo Duterte in […]

Retail Asia23/03/2017
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2min
Business tycoon Henry Sy topped Forbes’ list of richest Filipinos, with a 2017 net worth of $12.7 billion. This is his 10th consecutive time to top the list. However, this is lower than his 2016 net worth of $13.7 billion. Sy is the 94th richest billionaire in the world. The global billionaires’ list released by […]

Retail Asia22/03/2017
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4min
I-Pay Ventures Commerce Ventures, Inc. (I-Pay) recently signed a joint-venture agreement with MY E.G. Services Bhd (MYEG) to enable government and large enterprises in the Philippines to offer a Payment Gateway and related value-added online services. I-Pay is the company behind the NBI’s online registration system. MYEG is Malaysia’s fastest-growing company as the country’s civil […]

Retail Asia21/03/2017
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2min0
Singapore’s Singtel is bringing its Trustwave portfolio of managed security services to the Philippines, in collaboration with Globe Telecom. Under the collaboration, Globe is providing Trustwave’s services through its advanced security operations center (ASOC) in Manila, a new facility operated by Singtel’s Trustwave subsidiary. Globe’s ASOC will combine threat intelligence from Globe with global threat […]

Retail Asia21/03/2017
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2min0
The Philippines’ Smart Communications has reported a 26% increase in revenues for 2016 to 25.5 billion pesos ($509 million), in a result attributed to sustained growth in the company’s mobile data business. Smart, the wireless subsidiary of incumbent operator PLDT, said mobile data revenues for the year grew a strong 42% to 17 billion pesos. […]

Retail Asia21/03/2017
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1min0
Cebu-based Metro Retail Stores posted P789 million (US$15.7 million) net income last year, up from P758 million in 2015. Net sales for the fourth quarter grew 7.4 per cent to P10.67 billion, reports the retailer, part of the Gaisano Malls group. Sales grew steadily during the quarter, says the Visayan retailer, with overall net sales […]

Retail Asia20/03/2017
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2min0
Max’s Group, the listed dining group, has reported a 12 per cent increase in profit last year as sales rose across all of its banners. The company recorded total income of of P561.74 million for 2016, up from P501.39 million the prior year. And CEO Peter H. King says better is to come this year. […]


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