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  • PHL’s Formoso new chairman of Asia-Pacific retail organization In Photo: Turkish Council of Shopping Centers and Retailers Chairman Mehmet T. Nane (left), CEO of CarrefourSa, outgoing chairman of the Federation of Asia Pacific Retailers Associations (Fapra), formally turned over the Fapra chairmanship to Philippine Retailers Association PRA President Lorenzo “Enchong” C. Formoso (right), COO of Duty Free Philippines, during elaborate rites at the recently concluded Asia Pacific Retailers Convention and Exhibition 2015—the biggest and most important retail industry event in Asia Pacific—which Manila hosted late last year. The Fapra is composed of the acknowledged national retailers group in 18 member-economies—Australia, China, Chinese Taipei, Fiji, Hong Kong, India, Indonesia, Japan, Korea, Malaysia, Mongolia, Myanmar, New Zealand, the Philippines, Singapore, Thailand, Turkey and Vietnam. Formoso will be the federation’s steward for the next two years.

    (Source: Business Mirror | February 2, 2016) The Philippines now takes the leadership role in charting the development direction of the Federation of Asia Pacific Retailers Associations (FAPRA) in the next two years with the recent assumption of the Philippine Retailers Association (PRA) President Lorenzo C. Formoso as chairman of the …

Other News

Apple's revenue falls

Apple's revenue falls

(Source: Inside Retail | 27 April 2016) Apple’s quarterly revenue fell for the first time in more[Read more ...]
Retail field to boost Metrobank

Retail field to boost Metrobank

(Source: Business World | 27 April 2016) Metropolitan Bank & Trust Co. (Metrobank) sees oppor[Read more ...]
Jollibee swallows up Mang Inasal Philippines

Jollibee swallows up Mang Inasal Philippines

(Source: Inside Retail Philippines | 25 April 2016) Jollibee Foods Corp (JFC) has fully acquired [Read more ...]
 

Local News

  • Retail field to boost Metrobank Metrobank

    (Source: Business World | 27 April 2016) Metropolitan Bank & Trust Co. (Metrobank) sees opportunities in retail banking boosting growth prospects this year, buoyed by expectations of a continuous rise in consumer spending, which is also seen driving the Philippine economy for 2016. The bank posted P18.6 billion in consolidated net …

Industry News

  • Apple’s revenue falls apple

    (Source: Inside Retail | 27 April 2016) Apple’s quarterly revenue fell for the first time in more than a decade, as iPhone sales fell compared to a year ago. The company’s quarterly revenue fell to $50.6 billion compared to the $58 billion from the previous corresponding period. Its quarterly net …

FAPRA News

  • Interview with FAPRA Chairman & PRA President during the 50th Supermarket Trade Show 2016 IMG_0562

    (Source: Gekiryu, KOKUSAI SHOGYO Publishing Corp.) Delegates from the Federation of Asia-Pacific Retailers Association (FAPRA) had a special interview for the Japanese distribution industry journal “Gekiryu” on the 50th Supermarket Trade Show 2016 (February 10-12, 2016) hosted by the New Supermarket Association of Japan.   Interview with Mr. Lorenzo C. …

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