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Retail Asia08/02/2017

An Indonesian boom sparked by growing economic stability and falling corruption and debt levels has helped Indonesians catch up and become better off than Filipinos in per capita income in recent years. That hasn’t surprised those following emerging markets closely, though the Philippines’ equity market has outperformed Indonesia’s in the last ten years. Nor has […]

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Retail Asia07/02/2017

Starting March 26, Philippine Airline (PAL) will launch its first direct flight from Manila to Doha. The service will operate four times a week, on Monday, Wednesday, Friday and Sunday on the A330. PR684 will leave Manila at 1:30pm and arrive in Doha at 6pm local time. And PR685 will depart Doha at 8pm and arrive in Manila at 10am. […]

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Retail Asia07/02/2017

NEC Philippines signed a contract to provide digital terrestrial TV equipment for the People’s Television Network (PTNI), the public broadcasting service for the Republic of the Philippines. This contract supports the expansion of digital terrestrial TV broadcasting in the Philippines, which has been gaining momentum since November 2013, when the country adopted the Integrated Services […]

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Retail Asia06/02/2017

The government will have a more strategic ICT push to enable technology adoption among organizations by 2021, research firm International Data Corporation (IDC) predicts. In its latest forecast for the country, IDC Philippines noted that with a new dedicated, centralized agency at the helm of the country’s ICT development, the government will be able to […]

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Retail Asia04/02/2017

Japanese firms, especially those in the infrastructure business, are scrambling for a slice of prospective new businesses arising from Japan Prime Minister Shinzo Abe’s 1-trillion-yen (P440-billion) financing and investment pledge to the Philippines. This was stated by Japanese banking giant Bank of Tokyo-Mitsubishi UFJ, a leading player in project financing globally, which has been matching […]

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Retail Asia03/02/2017

New economic and trade opportunities are in sight with the opening of the Davao-General Santos-Bitung (D-G-B) Shipping Service, which is one of the target priorities for the Philippines Chairmanship of the ASEAN in 2017. Philippine Ambassador to Indonesia Maria Lumen B. Isleta and members of the Philippines and Indonesia Inter-Agency Task Force for the Operationalization […]

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Retail Asia03/02/2017

Cebu Pacific, the country’s largest carrier, is once again offering its popular piso fare promo. Its booking system page, however, was swamped with many visitors interested in the promo that it became inaccessible an hour after the promo rolled out. The budget carrier’s two-day seat sale started Friday and will end Saturday, or until seats […]

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Retail Asia03/02/2017

In a statement, Philippines AirAsia said it will start the three flights weekly from Clark to Kalibo on March 27. The budget carrier will mount flights every Monday, Tuesday and Friday. “AirAsia has constantly dedicated itself to make air travel more affordable, convenient, and accessible to all and we are reaffirming this commitment with our […]

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Retail Asia03/02/2017

Cebu Pacific, through its wholly owned subsidiary Cebgo, has chosen the world’s lightest aircraft seat, Expliseat, for its ATR 72-600 aircraft. The Titanium seat will be installed on all 16 aircraft, two of which are already being utilized by Cebu Pacific. The lighter seat is expected to help decrease fuel burn while allowing the carriage […]

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Retail Asia01/02/2017

Mitsubishi UFJ Financial Group, Japan’s biggest bank, agreed to buy a 20 percent stake in Philippine lender Security Bank Corp. for 36.9 billion pesos ($773 million) as it deepens its expansion in Southeast Asia. Security Bank accepted MUFG’s offer to buy 150.7 million newly issued common shares at 245 pesos each and 200 million preferred […]

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Retail Asia01/02/2017

International news, books and convenience retail operator WHSmith has further expanded its presence in Southeast Asia by opening its first stores in the Philippines alongside extending its retail coverage in Indonesia and Malaysia. In Indonesia, WHSmith has secured three stores at Jakarta’s terminal three. The stores will be operated by its local franchisee, KPU; a subsidiary […]

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Retail Asia31/01/2017

Great Taste, a local coffee brand, moves up six notches to become the fifth most chosen brand of Filipino consumers in 2014. According to Kantar Worldpanel Philippines’ Brand Footprint ranking, Great Taste leaps to 5th from 11th place due to a 40% increase in Consumer Reach Points (CRPs). However, Nescafe still clinches the top spot […]

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Retail Asia31/01/2017

Toyota Motors Philippines (TMP) has made it clear that it is still looking at increasing its production in 2017. This is despite a looming excise tax that may soon be imposed in the industry and bring vehicle retail prices significantly up. Modest production target to begin with “We’re projecting a minimum 10 percent growth. So […]

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Retail Asia31/01/2017

IDC Philippines announced its top predictions for the Philippine ICT industry for 2017 and beyond and predicts 25% of its top 1,000 companies will see majority of their business depend on their ability to create digitally enhanced products, services and experiences by 2020. IDC expects digital transformation (DX) will attain macroeconomic scale over the next […]

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Retail Asia31/01/2017

Inflight Sales Group (ISG) founder and CEO Jean-Marcel Rouff has confirmed that the retailer has been awarded a five-year contract to operate the Philippine Airlines (PAL) duty free contract. This follows the narrowing down of the list of bidders to a final three in mid-2016, led by ISG, DFASS and the Regent Travel Retail Group in […]

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Retail Asia29/01/2017

Retail scene in the metro is expected to remain robust given the enhanced purchasing power of Filipinos. Never has the local retail scene become more competitive than it is today. Considering that shopping malls and commercial centers have sprouted in practically every corner of the country, it would be hard to believe that the local […]

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Retail Asia28/01/2017

Cebu Pacific (CEB), through its wholly owned subsidiary Cebgo, increased flight frequencies to Siargao, the Surfing Capital of the Philippines. Starting February 1, Cebgo passengers will be able to choose from 12 weekly flights between Cebu and Siargao. From April 2017 onwards, guests can book up to twice daily Cebu-Siargao flights. Siargao lies in Surigao […]

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Retail Asia27/01/2017

Prada Philippines has opened its second store in Manila, in the Solaire Resort and Casino. Covering 105 sqm on a single level, the outlet houses women’s and men’s leather goods plus accessories. Its facade is defined by a backlit white canvas curtain in a crystal box framing the entrance, plus horizontal light boxes and display […]

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Retail Asia27/01/2017

PTT Philippines has renewed its deal to supply the bulk of Cebu Pacific airline’s fuel requirements this year. The local unit of the Thailand petroleum company will supply 1, 680,000 US barrel (267 million liters) of aviation fuel to Cebu Pacific for 2017. “We are always grateful to have partnered with Cebu Air. Our partnership has […]

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Retail Asia26/01/2017

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Prada opens its second store in Manila, Philippines, inside the prestigious Solaire Resort and Casino. The space covers a total surface area of 105 square metres on a single level and houses the women’s and men’s leather goods and accessories collections. The façade is defined by a backlit white canvas curtain enclosed in a crystal […]

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