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08/05/2024 Digital content exporters open foreign offices to avoid tax ( General )
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30/04/2024 TikTok, Facebook, and other foreign service providers pay $575M in taxes ( General )
29/04/2024 Sacombank assures no loss on $141M loan to Bamboo Airways ( General )
29/04/2024 Skype rolls out update with new features for both Android and iOS ( General )
26/04/2024 Changi Airport Group awards OUE tender for lease and development of new hotel at Changi Airport Terminal 2 ( General )
26/04/2024 Korean Air to launch new route to Macau ( General )
26/04/2024 WhatsApp is working on an option to stop notifications when someone reacts to your status updates ( General )
24/04/2024 Puma to launch compostable shoes after a two-year pilot project ( Fashion )
24/04/2024 7-Eleven eyes 100,000 stores globally by 2030 ( General )
24/04/2024 Vietnam tops Southeast Asia in number of Apple suppliers ( Electronics )

Retail Asia14/06/2021

The Philippines is set to import a lot of rice from India at $100 cheaper per ton than Vietnamese rice as it diversifies its supply sources. A report by the Agricultural Products Processing and Development Department (Agrotrade) shows that in the first five months of this year, Vietnamese rice exports reached 2.7 million tons at […]

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Retail Asia08/06/2021

Unobank will be entirely regulated under the Digital Banking License framework in the Philippines. DigibankAsia, a Singapore-headquartered fintech, has become the first fintech to receive a license to operate a digital bank in the Philippines, it announced in a statement on Tuesday. Uno, which is operated by Singapore-based DigibankAsia, has been working with digital services and […]

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Retail Asia07/06/2021

The Wirecard scandal continues to unravel as authorities in the Philippines file criminal complaints against its former chief operating officers and others. The Philippine’s National Bureau of Investigation (NBI) filed criminal complaints against individuals involved in the Wirecard scandal over accused violation of banking, cybercrime and e-commerce laws, according to a report citing a text message […]

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Retail Asia03/06/2021

Japanese coffee shop Omotesando Koffee is officially opening its first Metro Manila branch in Power Plant Mall, Makati City, tentatively slated for an August 2021 launch. The famous Zen-style, minimalist coffee shop from Tokyo will be brought into the Philippines by H&F Retail Concepts, the group behind luxury fashion brands Univers, Homme et Femme, Balenciaga, […]

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Retail Asia14/05/2021

Clifford Chance has advised the investors involved in the placement. International Finance Corporation, IFC Emerging Asia Fund, LP and Indigo Philippines LLC, an affiliate of private equity firm Indigo Partners LLC, were the investors inolved in the private placement of US$250 million convertible bonds due 2027 by low-cost carrier Cebu Air, Inc. (Cebu Pacific) listed […]

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Retail Asia14/05/2021

The Philippines’ leading carrier Cebu Pacific safely delivered some 1.5 million doses of vaccines against coronavirus disease 2019 (COVID-19) in coordination with the Department of Health (DOH). The China-made doses recently arrived at the Ninoy Aquino International Airport (NAIA) via 5J 671. CEB is in full support of the nation’s vaccination program as it helps […]

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Retail Asia11/05/2021

Woolworths has partnered with the Philippines retail group Robinsons to launch a range of more than 150 products in the Southeast Asian country. Filipinos now can buy products from popular Australian brands, including milk, wine, honey, cereals, and baby food at Shopwise, The Marketplace, and selected Robinsons Supermarket branches. “It has always been our thrust […]

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Retail Asia26/04/2021

Cebu Pacific Air, the low-cost airline controlled by Philippine tycoon Lance Gokongwei and his siblings as part of JG Summit Holdings, said it has raised $250 million through the sale of convertible bonds to the International Finance Corp. and U.S. private equity firm Indigo Partners. The bonds can be converted into 318.75 million common Cebu Pacific shares […]

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Retail Asia30/03/2021

Cebu Air the listed operator of budget carrier Cebu Pacific, announced on Monday that 328.95 million of its convertible preferred shares with a par value of P1 per share are now ready to be traded on the main board of the Philippine Stock Exchange (PSE). “Despite the numerous challenges that airlines are currently facing, Cebu […]

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Retail Asia24/03/2021

Vietnam’s rice price in the first two months surged 18.2 percent year-on-year to $547.9 per ton, but with lower volume in most markets. Total volume fell 29.4 percent to over 656,000 tons, according to Vietnam Customs. The Philippines remained the largest importer but with volume down 28 percent year-on-year to 256,000 tons. Other markets that […]

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Retail Asia23/03/2021

The omnichannel fashion platform has launched a localized online store in the Philippines as part of its digital expansion across Southeast Asia. According to Pomelo, monthly orders from the Philippines currently account for around 10 percent of Pomelo’s total orders. Coinciding with the brand’s eight-year anniversary, the launch will help the brand strengthen their presence […]

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Retail Asia22/03/2021

The opportunity is ripe for the digital-only bank in the country, which has a population of over 100 million – 70 percent of whom is currently unbanked – spread across a vast territory of 7,600 islands. Tonik has rolled out its long-awaited deposit, payment, and card products to consumers in the Philippines, where it hopes to […]

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Retail Asia10/03/2021

Under the terms of the agreement, Nokia will provide equipment and services from its comprehensive 5G AirScale portfolio to build out the Radio Access Network (RAN), including base stations and other radio access products. Globe Telecom will also use Nokia’s high-capacity AirScale massive MIMO Adaptive Antenna solution, which utilizes the latest 64TR radios, to boost […]

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Retail Asia02/03/2021

AirAsia Group has disclosed that it extended approximately $40 million in advances and corporate guarantees to Philippines AirAsia in November-December. The low-cost airline group on 19 November provided a $19.1 million corporate guarantee to Filipino bank BDO Unibank. This was in relation to the restructuring of a three-year, $35 million loan to Philippines AirAsia, the group says in a […]

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Retail Asia02/03/2021

The Philippine Amusement and Gaming Corporation, or shortly PAGCOR reports nearly 33 million USD profit from casino operations in 2020. The revenues of PAGCOR fell to a great extent due to the COVID-19 pandemic and the restrictions that came with it. PAGCOR operates numerous state-owned casinos and slot machine clubs throughout the Philippines. It has […]

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Retail Asia17/02/2021

It’s all systems go for the upcoming P12.5-billion stock rights offer of Cebu Air Inc. next month. In a disclosure to the local bourse on Wednesday, the operator of loss-making budget carrier Cebu Pacific released the final terms for the fundraising activity meant to keep the airline afloat while lingering coronavirus fears prevent a full take-off […]

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Retail Asia16/02/2021

AirAsia is offering discounted one-way flights to several destinations in the Philippines. Cebu to Davao flights can be availed for as low as P98, while Manila flights to Cagayan de Oro, Cebu, Kalibo, and Tacloban can be booked for only P288. For as low as P317, travelers from Manila can book flights to Caticlan (Boracay), […]

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Retail Asia11/02/2021

Cebu Pacific, the Philippines’ largest national flag carrier, has been rated 7/7 stars by global airline quality rating company AirlineRatings.com for its compliance with the safety measures against coronavirus disease (Covid-19). With the airline’s multi-layered approach to safety, the rating company highlighted how CEB perfectly scored in its seven categories, including Covid-19 website information and […]

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Retail Asia09/02/2021

Fans of Japanese minimalist brand Muji will be delighted to know that the retailer is planning to open its “largest” store in the Philippines — soon. Muji announced this last night in a social media post, where it told followers to “stay tuned for more info.” It did not divulge where the new store will […]

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Retail Asia20/01/2021

The first Acer flagship store in the Philippines has finally opened its doors to consumers on January 15. It is the largest in the country to date and is located at the SM Megamall Cyberzone. This new tech haven will house the best products from Acer and Predator brands, intricately displayed for an elevated shopping […]

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