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Traders remain upbeat over Philippine prospects
BSP: Seasonal rise in demand boosts sentiment
By: Michelle V. Remo
Philippine Daily Inquirer
November 25, 2011
Businesses in the country remain optimistic about their ability to generate profit and the performance of the overall economy in the fourth quarter, results of the Bangko Sentral ng Pilipinas’ latest survey showed.
In the Business Expectation Survey (BES) for the fourth quarter, the business confidence index for the period settled at +38.7 percent.
The index settles in positive territory when respondents who say they are optimistic about their prospects outnumber those who say otherwise.
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Foreign investments up by 32% in Q3
By Daniel Anne Nepomuceno-Rodriguez
BusinessWorld
November 22, 2011
TOTAL approved foreign direct investments (FDI) grew by 32% in third quarter 2011 amounting to P25 billion from P19 billion committed FDI during the same period last year.
From January to September, total FDI climbed by 9.9% to P87.3 billion from last year.
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Jollibee sells Korean brand Caffe Ti-Amo
By Zinnia B. Dela Peña
The Philippine Star
Updated November 23, 2011
Jollibee Foods Corp. (JFC) has agreed to sell to Café France Corp. its franchise of Korean coffee and gelato brand Caffe Ti-Amo for P20 million as it gears up for fresh investments in China and Southeast Asia.
In a disclosure to the Philippine Stock Exchange yesterday, JFC said Café France, which will now become the master franchisee of Caffe Ti-Amo in the Philippines, is the same company that bought the assets of Delifrance from JFC unit Fresh N’ Famous Foods Inc. late last year.
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Natori opens boutique at Rustan’s –a first outside US
Philippine Daily Inquirer
November 18, 2011
“It’s about time!”
Saying that together, Rustan Commercial Corp. president Nedy Tantoco and Josie Natori—the Filipina behind the global brand—introduced Natori to Manila, the brand’s first boutique outside of the US.
This is the Asian era, Natori said, and nowhere else would she try enter the region’s market than through her native soil.
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PHL GDP likely fared better in Q3 than Q2, says NEDA
GMA News Online
November 15, 2011
The Philippine gross domestic product (GDP) likely fared better in the third quarter than the 3.4-percent growth posted in the second quarter, the National Economic Development Authority said Tuesday.
“Third quarter (growth) is better than in the second quarter," Paderanga told reporters on the sidelines of a budget hearing at the Senate yesterday.
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Jan.-Sept. OFW remittances grow 7% to $14.75B, says BSP
GMA News Online
November 15, 2011
Overseas Filipinos workers sent home $14.756 billion in January to September this year, up $974 million or 7.1 percent from $13.782 billion a year earlier, the Bangko Sentral ng Pilipinas (BSP) said Tuesday.
Remittances from land-based Filipino workers grew by 5.3 percent to $11.6 billion in the first nine months and those of sea-based workers 14.1 percent to $3.2 billion, said BSP Governor Amando Tetangco Jr.
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Toxic toys: You'd better watch out
The Philippine Star
CONSUMERLINE
Ching M. Alano
Updated November 15, 2011
So, with just 39 days to Christmas, have you started shopping for toys for the little ones on your Christmas list? As for me, the little naughty/nice ones on top of my list are all grown-ups already, and now, they’re asking for toys for the big boys or the big girls. Oh, well, they can always wish upon a Christmas star.
With the anticipated rise in toy sale, we can only wish for safe, non-toxic toys for children around the world amid alarming reports on unsafe toys flooding the market.
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How consumer spending helps the economy
BusinessWorld
Mariae Francesca C. Ramos
IN THE second quarter, the Philippine economy’s growth as measured by gross domestic product (GDP) decelerated markedly to 3.4% from the previous year’s 8.9%. Experts blamed the slowdown on weak government spending which caused a decline in capital formation.
However, domestic consumption “continued to buoy up the economy,” expanding by 5.4% from 1.9% in the second quarter of 2010 based on constant 2000 prices, according to Bangko Sentral ng Pilipinas’ latest Report on Economic and Financial Developments.
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Retailers told to save energy to cut costs
SunStar
November 13, 2011
SAVING energy is one practical way for retailers to cut costs, a representative from TUV Rheinland Philippines Inc. said last week.
Speaking before the General Membership Meeting of the Philippine Retailers Association (PRA)-Cebu Chapter last Wednesday, Jong Fernandez of TUV Rheinland Phils. said reducing energy consumption should be part of a company’s program as this would help businesses of any size become competitive and profitable.
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Cebuano traders win retail honors, to compete in nat’l tilt
Cebu Daily News
November 10th, 2011
FIVE Cebuano entrepreneurs were awarded Outstanding Filipino Retailers and will represent Cebu in the national search of the contest.
Casa Verde, What A Girl Wants, Cafe George, Shamrock and Cebu Home and Builders topped this year’s Cebu search and were automatically finalists in the national search, which culminates next year.
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SM Prime reports P6.4 B profit for first 9 months
By: Doris C. Dumlao
Philippine Daily Inquirer
November 3, 2011
The country’s largest shopping mall developer, SM Prime Holdings, grew its net profit in the first nine months by 14 percent to P6.41 billion from a year ago as tycoon Henry Sy further expanded his retail space and unlocked more rental revenues from older malls.
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Toys"R"Us, Inc. Acquires Majority Stake in Existing Retail Business Operations Throughout Southeast Asia and Greater China
Joint Venture Agreement with Li & Fung Retailing Provides Significant Opportunity for Further Expansion in New and Existing Asian Markets
Nov 01, 2011 (BUSINESS WIRE)
Toys"R"Us, Inc. and Li & Fung Retailing today announced they have entered into a joint venture agreement for the Toys"R"Us(R) business in Southeast Asia and Greater China. With this agreement, the existing Toys"R"Us licensed operations throughout Asia, which currently consist of more than 100 stores and offices across nine markets, will become 70 percent majority owned and controlled by Toys"R"Us, Inc. and 30 percent owned by Li & Fung Retailing. The terms of the joint venture also allow Toys"R"Us, Inc. to acquire the remaining share of the business in the future.
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SM Retail in talks to lure more foreign brands
By Cliff Harvey C. Venzon
Business World
October 30, 2011
THE RETAIL arm of SM Investments Corp. is in talks with foreign companies for more partnerships to distribute additional apparel brands in the Philippines, a ranking official said late last week.
The new store offerings from the United States, Europe and Asia will add to the recently struck deal to bring in Japanese brand UNIQLO.
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Pancake House buys Yellow Cab pizza chain
abs-cbnNEWS.com
August 31,2011
Pancake House Inc. announced it is acquiring pizza chain Yellow Cab Pizza Co. for P800 million.
In a press conference, Pancake House chairman Martin P. Lorenzo said the company had signed a memorandum of agreement to purchase Yellow Cab.
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Jollibee buys Burger King franchise in the Philippines
By Doris C. Dumlao
Philippine Daily Inquirer
Oct 1, 2011
Manila (Philippine Daily Inquirer/ANN) - Philippine fastfood giant Jollibee Foods Corp. has cemented its leading position in the highly competitive quick-service restaurant industry by taking over the Philippine operations of American chain Burger King.
The deal allows JFC to gain a foothold into the premium segment of the hamburger category in the fast-food business as the group was expecting the premium price segment of the market "to grow appreciably in the years ahead as the Filipino consumers' standard of living rises from the growing economy.
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................................. 20th National Retail Coference & Stores Asia Expo (20th NRCE) August 11-12, 2011 SMX Convention Center, Pasay City NRCE Official Website : www.nrceph.com
Mang Inasal Founder Debuts as Keynote Speaker at Retail Conference The founder of the iconic Mang Inasal, Edgar Sia II made his first-ever keynote speech at this year’s National Retail Conference and Stores Asia Expo (20th NRCE). Speaking in front of more than 700 delegates, Sia joined an illustrious lineup of speakers which included Ninoy and Cory Aquino Foundation Chairperson Ms Ma. Elena “Ballsy” Aquino-Cruz, Ayala Land Inc. President Antonino Aquino and Asia brand Guru Joseph Baladi, among others. Considered as an icon among restaurateurs and retailers, Sia acknowledged that his motivation to accept to speak for the first time in a crowd as big as NRCE’s stems from the fact that the people he look up to have been or are speakers of prestigious retailers event. During his one-hour maiden talk, Sia candidly shared how Mang Inasal made it at the top of the Filipino’s favorite list. Calling the eight-year history of Mang Inasal a “whirlwind of an experience,” he imparted one characteristic that everyone should possess in order to achieve their goals: the courage to pursue the dream. From a virtually unknown fastfood restaurant in a small al fresco space at the parking building of Robinson’s Iloilo, Mang Inasal opened its 100th restaurant on the fifth year of operations. Currently, there are more than 400 Mang Inasal restaurants in the Philippines employing over 14,000 individuals all over the country. Mang Inasal is also now one of Jollibee Foods Corporation’s flagship brands after acquiring a 70% stake in the company in 2010. Tony Tan Caktiong, Chairman and CEO of JFC was also a keynote speaker at the NRCE in 2010. For 20 years, the annual NRCE has been acknowledged as the venue where the most up-to-date information and innovations are shared, networking is optimized and preconceived business barriers are breached. Key insights shared by Sia included branding, consumer confidence and product excellence. The NRCE is supported by PLDT Alpha Enterprise, SM, Hewlett Packard, Festival Supermall, Robinsons Malls; Banco de Oro, TCC, RedPrairie, Vinculum; Ayala Malls, Eastwood Mall, Araneta Center and Chronos; L Timestudio; So! F.A.B., Forme, Wilcon Depot, Bench and Coca-Cola., Philipine Star, BusinessWorld, Europak, ABS CBN and Crossover. NRCE was organized by the Philippine Retailers Association (www.philretailers.com) , the national organization of retailers and suppliers/service providers in the country.
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