Philippines
Megaworld Lifestyle Malls: Redefining the Shopping Mall Experience in the Philippines
It nabs both the Mall of the Year and Marketing Initiative of the Year accolades at the Retail Asia Awards 2023.
Megaworld Lifestyle Malls: Redefining the Shopping Mall Experience in the Philippines
It nabs both the Mall of the Year and Marketing Initiative of the Year accolades at the Retail Asia Awards 2023.
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.
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Suntory Taiwan takes home win at FMCG Asia Awards 2024
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The ageing of its Kakubin brand brought the need for repositioning and premiumisation.
The ageing of its Kakubin brand brought the need for repositioning and premiumisation.
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Why micro-retail is the way to go to reach Southeast Asian shoppers