Author Archives: Communications Department

P50 billion earmarked for Ortigas East property development

Photo from Ortigas and Company

(Source: | March 14, 2018) Land developer Ortigas & Company announced plans to redevelop its Frontera Verde property along Ortigas Avenue and Julia Vargas Avenue into a new estate which it envisions as a natural extension to the Ortigas Central Business District base. The 16-hectare estate, now renamed Ortigas East, will have residential and commercial components. Ortigas & Company ...

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‘You don’t buy eggs online’: DoubleDragon bets on shopping malls


(Source: ABS-CBN News | March 16, 2018) DoubleDragon said its shopping mall arm would be a “great growth driver,” notwithstanding the rise of electronic shopping platforms. CityMall Commercial Centers Inc, which targets emerging urban centers, plans to open 100 outlets in the provinces by 2020, DoubleDragon chief investment officer Hannah Yulo said. “If you’re in the province, I don’t think ...

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Fruitas goes cashless with GCash

From L-R:  Calvin Chua, Fruitas Holdings Chief Financial Adviser;  Lester Yu, Fruitas Holdings Founder and CEO; Ernest Cu, Globe Telecom President and CEO; and Anthony Thomas, Mynt President and CEO (Photo from: Manila Bulletin)

(Source: Manila Bulletin | March 12, 2018) After making department store and convenience store purchases a breeze using cashless payments, Globe announced that its mobile wallet payment platform GCash is now accepted at select Fruitas stores. Fruitas Holdings, Inc. (FHI), the leading group in the food cart industry in the Philippines, now accepts payments using the GCash scan-to-pay feature in ...

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Nordstrom acquires two retail technology companies


(Source: Business Insider | March 12, 2018) Nordstrom has acquired two separate companies, BevyUp and MessageYes, in an effort to further improve its shopping experience with new technologies and tools, according to a press release. BevyUp’s platform will enable store associates to communicate with customers when they’re out of the store. Style Boards, a BevyUp feature, lets store associates offer ...

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E-commerce not the only cause of death for Canadian malls

(Photo from:

(Source: Philippine Canadian Inquirer | March 12, 2018) Malls were once a go-to shopping destination and a teenager’s hang-out of choice, but now face an uncertain future as some of their biggest tenants lay off employees, file for creditor protection or hang a “closed” sign in the window and leave for good. Beleaguered retailers have been quick to blame online ...

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BOI approves 2 online retailers


(Source: Manila Bulletin | March 10, 2018) The Board of Investments (BOI) has pre-qualified Zalora Shopping and CJO Shopping Co. Ltd., the first two online retailers to be registered under the country’s domestic retail trade law. So far, the BOI has already registered a total of 25 foreign retailers with total investments of R40 billion. These retailers have created 29,000 ...

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SEA grocery business mars Dairy Farm International’s performance


(Source: Inside Retail Asia | March 9, 2018) Poor trading by Dairy Farm International’s Southeast Asian grocery business hit the company’s bottom line last year, with underlying profit falling 13 per cent. But every other one of the company’s divisions traded strongly throughout the year, according to the results just released. Full-year profit was US$403 million, after allowing for $64 ...

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DTI eyes higher cap for foreign retailers

(Photo from: CNN Philippines)

(Source: Manila Standard | March 9, 2018) The Department of Trade and Industry and the Board of Investments plan to raise the proposed cap on the paid-up requirement for foreign retailers to $500,000 from the current proposal of $200,000. BoI director for legal and compliance service Marjorie Ramos-Samaniego said the government would push for refinements on the proposed revisions in ...

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Henry Sy tops PH billionaires in 2018 — Forbes


(Source: CNN Philippines | March 7, 2018) Retail magnate Henry Sy is still the richest person in the country with a net worth of $20 billion or P1.04 trillion, according to business magazine Forbes. This is the 11th year in a row Sy topped the list of the richest people in the Philippines. His net worth is almost double compared ...

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With digital, women can go beyond sari-sari stores

E-commerce And Online Shopping

(Source: ABS-CBN News | March 6, 2018) Retail is one of the best ways for women to become entrepreneurs and with digital channels, they need not limit themselves to the sari-sari store, industry leaders said Tuesday. Electronic commerce represents the “evolution” of mom and pop stores and in Southeast Asia alone, it has 600 million potential consumers, stakeholders said. “You ...

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