Philippines Latest News - Inside Retail Asia

McDonald’s Philippines eyes 50 new stores

McDonald’s Philippines is expanding, with new stores and branch upgrades unfolding this year along with menu additions.

Takashimaya eyes opportunities in Southeast Asia

Takashimaya says it is evaluating opportunities to open department stores in the Philippines, Malaysia and Indonesia.

SM Retail achieves 5 per cent boost in profit

SM Retail has achieved a first-quarter profit increase of 5 per cent to P2.7 billion (US$51.7 million).

SM Prime profit rises 16 per cent in first quarter

Philippine property giant SM Prime Holdings says its net income in the first quarter increased 16 per cent based on higher rental income and residential sales.

Dairy Farm sales rise in four business divisions

Dairy Farm International has reported like-for-like sales growth in four of its five operating divisions in the first quarter.

Robinsons Retail in Philippines plans 150 new stores

Robinsons Retail Holdings will launch up to 150 new stores in the Philippines this year.

Omnichannel startup CitiXsys launches Asian foray

Fresh from a US$20 million funding injection, omnichannel-solutions startup CitiXsys plans to open six offices across Asia.

Honestbee CEO departs, opening the way for fresh funding

Honestbee CEO and cofounder Joel Sng has stepped away from the business, clearing the way for a fresh round of investment.

Asean countries fight trade in counterfeit goods

Enforcement officials, investigators, and prosecutors from across the Asean region met in Manila to discuss the counterfeit goods fight.

Honestbee has shut down in five countries

Honestbee has shut down or suspended operations in five countries as it seeks funding to continue to trade in its core markets, including home base Singapore.

Fast-food chain Jollibee starts planning for China launch

Filipino fast food chain Jollibee may open its first location in China within the next five years.

Honestbee freezes operations as funds dry up

Honestbee is freezing operations in Hong Kong and Thailand and laying off staff as it urgently seeks investment to stave off collapse.

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