Philippines
Philippines’ SMFB income inches up by 1%YoY in Q1 2022
Philippines’ SMFB income inches up by 1%YoY in Q1 2022
Its revenue rose 9% YoY due to volume growth and better pricing.
Shakey’s PIZZA posts P121m net income after 2020 loss
This was driven largely by the easing of restrictions in the fourth quarter of the year.
From brewing beans to kneading doughs: Figaro Coffee Group finds niche in pizza delivery services
Angel’s Pizza propelled the food conglomerate’s growth in the Philippines.
AllHome poses double-digit net income growth in 2021
The company recorded a 46% year-on-year increase to P1.44b.
AllHome expects increased footfall as the Philippines reopens economy
The company has observed many of its consumers are “revenge shopping” in its stores.
Shakey’s opens first Peri-Peri ‘fly-thru’ store in the Philippines
The new store is also the 54th outlet of Peri-Peri.
Philippines' URC net income surges 109% YoY to $465.4m in 2021
This is on the back of the sale of its Oceania business.
Philippines-based SariSuki bags $7.1m in funding round
The company is aiming to build an e-grocery platform in the country.
AllDay rolls out first ‘smart carts’ in its Philippine stores
This gives consumers more autonomy in shopping in-store.
AllDay Supermarket ‘optimistic’ over 2022 outlook after 28% footfall growth
This was driven by the uptick brought by the peak season.
Philippines’ SM Investments lists P15B bonds
The bond offering was 3.7 times oversubscribed.
JFC sets $347.4m capital expenditure for 2022
A portion will be used for their new stores and renovations.
Philippines' Figaro Coffee Group bares 2022 expansion plans
For the first quarter, it plans to open five Angel’s Pizza outlets.
Philippines’ Figaro Coffee to offer keto-friendly pastries
Figaro will be introducing Keto Coconut Tiramisu and Sugar-free Keto Brownies.
Figaro Coffee seeks new growth avenues after IPO
The Philippine-based company generated P767m in proceeds.
Philippines eases minimum paid-up capital for foreign retailers
The Philippines has lowered the minimum paid up capital to $488,000 from $25m.
Robinsons Retail to buy 100% stake in Ministop Philippines
It will acquire the remaining 40% shares of Ministop Japan in February.
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