Philippines

Philippines yet to feel impact of lower capitalisation for foreign retailers

Law setting minimal required investment may attract not the big retailers but small and medium-scale foreign businesses.

Philippines yet to feel impact of lower capitalisation for foreign retailers

Law setting minimal required investment may attract not the big retailers but small and medium-scale foreign businesses.

Jollibee exits PHO24 business

This will enable the company to concentrate on its other businesses.

Philippine-based Figaro Coffee's net income rises by over 50% in Q1

Its net income after tax stood at P99.3m (US$1.7m).

Philippines’ SMFB sustains growth momentum in Q1

The food and beverage company reported an 8% rise in consolidated net income.

Jollibee net income drops by 10% in Q1

Its net income attributable to equity holders stood at P2.1b (US$37.6m).

Philippines’ Universal Robina net income flattens in Q1

This is due to higher financing costs and non-cash impairments in its farm business.

Shakey’s Pizza net profit surpasses pre-pandemic levels in 2022

This is thanks to the rise in dine-in sales and the expansion of its store network.

Century Pacific Food net income up 6% YoY in FY22

Its revenue increased by 14% boosted by its branded businesses.

JFC eyes opening 600 stores in 2023

It opened 542 stores in 2022, the highest it recorded in a year.

Philippines’ San Miguel Foods net income up 21% YoY in 2022

Its revenue rose 16% YoY to around $3.2b.

Philippine-based Max’s Group’s organic income growth climbs nearly 40%

The restaurant chain reported its 2022 organic net income growth stood at P622m (US$11.3m).

JFC posts 26.4% net income growth in 2022

The Philippine-based food chain also recorded a sales growth of 40.2%.

Philippine-based hard discount store DALI bags $15m ADB investment

DALI is the first hard discount retail firm in the Philippines.

Philippines’ F&B firm Universal Robina posts 12% net income growth

Net income from continuing operations stood at P14.5b (US$263m).

What mode of payment Filipino buyers prefer most

Cards were used in over half of the e-commerce transactions in 2022.

Philippines’ baby food market to shrink by 4.5% annually until 2028

This is due to the lower childbirth rates and rising inflation.

India-based Zomato ends Philippine operations

The company said it will still continue operating in India and the United Arab Emirates.