Wednesday, April 24, 2019
The Bureau of Internal Revenue has recently released Revenue Regulation No. 16-2018 which allows customers who may need proof of payment to claim for expense may return the issued tape receipt to the seller and request for the issuance of a...
(Source: Inside Retail Asia | July 19, 2017) The Philippine retail industry is anticipated to account for a fifth of the country’s overall economic output in the next decade. According to infrastructure group KGLI Asia CEO/group investment director Mark Williams, the...
(Source: Philippine Star | March 6, 2019) After the demise of mall tycoon Henry Sy last January, all his six children entered Forbe’s “Richest People in the World” for the first time in 2019, replacing their father. Forbes began separately tracking...
(Source: BUsiness World | December 12, 2018) Indonesian mini-mart chain Alfamart is planning to open 200 new stores in the Philippines next year, which will bring Philippine store network to 600, according to a report by Fitch Ratings. The report said...
(Source: Inside Retail Philippines | 11 November 2016) Japanese lifestyle brand Miniso Philippines has opened two more outlets in Manila, with four to follow soon. Its first store in the Philippines, at Robinsons Place Manila, opened in June, with the latest...
(Source: Business World | February 25, 2019) Wilcon Depot, Inc. is set to open eight stores this year, as it ramps up its expansion to take advantage of the growing demand for home improvement and construction supplies. Wilcon President and Chief...
The Bureau of Internal Revenue has recently issued Revenue Regulations (RR) 13-2018 dated March 15, 2018 relative to the implementation of the Value-Added Tax (VAT) provisions of Republic Act No. 10963, otherwise known as the “Tax Reform for Acceleration...
(Source: Inside Retail Philippines | 20 March 2017) Philippine fashion retailer Bench is opening its first international branch, in Okinawa, Japan. This follows its first Bench Fashion Week, marking the company’s 30th year in business. Owner Ben Chan says the Okinawa store...
(Source: Manila Bulletin | December 14, 2015) SM City North EDSA, the first SM shopping mall in the country, is now the biggest mall in the country after it has been expanded to 498,00 square meters—four times its original size...
(Source: Manila Standard Today | Jul. 12, 2015) A 50-50 joint venture between Ayala Land Inc. and Puregold Price Club Inc. will soon launch a new retail brand called “Merkado Supermarket.” Mekardo Supermarket, which needs board approval from both companies, will...
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