Tuesday, July 23, 2019
(Source: Inside Retail Philippines | June 9, 2017) Megaworld Corp is set to start the development of a PHP30 billion (US$607 million) integrated mixed-use project in San Fernando, Pampanga. Dubbed Capital Town, the project will transform the site of the historic...
(Source: Business Mirror | January 15, 2018) A comparative outlook at profitability indicators since 1997 shows that retail, and food-and-beverage companies have averaged higher rates of return than some of the top telecommunications and real-estate companies in the Philippines. These points...
(Source: Inside Retail Philippines | 20 February 2017) Tutuban Center parent Prime Orion has reported a reversal of fortune – converting a P62.1 million net loss reported a year ago into a P16 million profit in the quarter to December. The...
(Source: Sunstar | 18 May 2017) Amid rising vacancy in retail spaces, a property management and research firm advised mall operators to invest in online shops as a way to “future-proof” their business. Colliers International said the overall vacancy in Metro...
(Source: Business Mirror | May 7, 2018) Shopping mall operator SM Prime Holdings Inc. said it posted a 15-percent increase in its net income in the first quarter to P7.6 billion from last year’s P6.6 billion, driven by the expansion...
(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...
(Source: ABS-CBNnews.com | May 12, 2015) Philippine Seven Corporation (PSC), the local licensee of 7-Eleven convenience stores, said its net income jumped 13 percent in the first quarter. In a statement, PSC said its net income rose 12.9 percent to P112.9 million...
(Source: Business World, by Claire-Ann M. C. Feliciano | October 11, 2015) Wilcon Builders Supply, Inc. is planning to open two new branches by the first quarter of 2016, as the demand for construction materials and hardware supplies continues to grow. The...
(Source: Inside Retail Philippines | 22 December 2016) DoubleDragon Properties Corporation plans to acquire 24 more sites for its CityMall retail centers and next year open all its malls now under development. Its aim is to launch 100 CityMalls by 2020,...
(Source: ABS-CBN News | November 14, 2017) The SM group is looking at Singapore as the starting point for its Southeast Asian expansion, SM Investments vice chairperson Teresita Sy-Coson said. SM, which operates the Philippines' largest bank and shopping mall chain,...
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