Tuesday, August 20, 2019
(Source: Inquirer.net | October 29, 2018) President Rodrigo Duterte has recently signed Executive Order No. 65, updating the list of investment areas, which prohibits or limits foreign ownership in the Philippines. According to the EO, no foreign equity is allowed under...
(Source: Manila Times | June 12, 2017) Real consumer spending in the Philippines may exceed P16 trillion by 2021, growing from P11.7 trillion this year, with the bulk coming from expenditures on essentials such as food, utilities and transport, Fitch...
(Source: Manila Bulletin | July 30, 2017) The Philippine Retailers Association (PRA), the recognized national association of top retailers and suppliers in the country, said it will continue to recognize excellent Filipino retailers to  inspire industry players to recalibrate their...
(Source: Business World | March 19, 2018) The Philippine unit of retailer Toys ‘R’ Us will continue operations even after store closures in the United States, where the American company filed for bankruptcy. “It is business as usual for Toys ‘R’ Us...
(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...
(Source: Business World | 22 February 2017) Wilcon Depot, Inc. is looking to realize a 13-15% annual increase in sales in the next five years, as its initial public offering (IPO) next month accelerates its expansion particularly in the Visayas...
(Source: Business World | September 12, 2018) SM City Legazpi will open its doors on Sept. 14. Located along Imeda Roces Avenue in Albay, the mall will have a total gross floor area of almost 88,000 square meters (sq.m.) and...
(Source: Sun Star Cebu | 22 August 2016) SM Investment Corp. (SMIC) is beefing up its investments in retail, buoyed by the country’s strong economic momentum and expanding middle class. The company also expressed interest to cement its presence in the...
(Source: BusinessWorld Online | 10 October 2016) (Second of two parts) In last week’s article, we discussed how the International Accounting Standards (IAS) Board released the new accounting standard on leases, International Financial Reporting Standards (IFRS) 16, Leases, early this year....
(Source: Manila Bulletin | April 13, 2018) SSI Group, Inc., the country’s largest specialty store retailer, reported a 19 percent improvement in net income to P275 million last year from the P232 million earned in 2016. In a disclosure to the...
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