News

Alfamart to add 200 more stores in PH

(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 further that PT Sumber Alfaria Trijaya Tbk (Alfamart) is aggressively expanding its footprint in the Philippines where it partnered ...

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House body eases retail trade rules further

(Source: Business World | December 12, 2018) The House of Representatives Committee on Trade and Industry has approved a bill reducing the minimum paid-up capital requirement of foreign retailers to engage in business in the country. The bill amends Republic Act No. 8762, or the Retail Trade Liberalization Act of 2000, by reducing the minimum paid-up capital requirement of foreign ...

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China wants more healthy snacks

(Source: Sunstar | December 9, 2018) More Chinese are becoming increasingly health-conscious that resulted in increasing demand for wafer biscuits and fruit snacks. This is based on the recent Euromonitor Digest, released by the Department of Trade and Industry-Export Marketing Bureau. It says that wafers recorded strong current value sales growth in 2018 despite falling sales within sweet biscuits in ...

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Robinsons Land opens 51st mall

(Source: Inquirer.net | December 8, 2018) Robinsons Land Corp. (RLC) is opening its 51st mall in Valencia City, Bukidnon, on Dec. 12–its first full-service mall Bukidnon seventh in Mindanao. “We will continue to open more malls in areas that have strong underserved market demand and where we can be a catalyst for economic growth,” RLC president and CEO Frederick Go ...

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Ayala buys major stake in Visayan drugstore chain

(Source: Inquirer.net | December 8, 2018) Ayala Corporation has recently announced that its wholly owned subsidiary Ayala Healthcare Holdings Inc. (AC Health) had agreed to acquire a 75-percent stake in Negros Grace Pharmacy Inc. The deal has yet to close and will be finalized upon the fulfillment of certain conditions and the securing of necessary regulatory approval. Bacolod City-based Negros ...

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Bill seeks P10 tax on plastic bag use

(Source: Sunstar | December 4, 2018) Two bills were filed in the House of Representatives that seeks to impose a P10 excise tax on plastic bag use. House Bill 8523, authored by Sultan Kudarat 2nd Representative Horacio Suansing Jr., proposes “to impose excise tax on plastic bags used in supermarkets, malls, shops, stores, sales outlets and other similar establishments.” “By ...

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Toby’s Sports opens their newest Flagship Store in BGC

(Source: pinoyfitness.com) To level up the overall experience of its customers, Toby’s Sports–the largest multi-brand sports retailer in the country–recently opened their newest flagship store in Bonifacio Global City. Designed by one of the leading retail design company in the world, the new two-storey 1000-sqm flagship store houses 25,000 premium assortment of sports brand and fitness equipment from running, cycling, ...

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South Korea convenience store operators agree to control competition

(Source: Korea Bizwire | December 4, 2018) Convenience store operators in South Korea have recently agreed not to engage in cut-throat competition in the latest move to protect struggling franchisees. The central point of the voluntary agreement asks for CU, GS25 and Seven-Eleven and three other convenience store brands to decide “carefully” on the location of a new convenience store ...

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SSI Group receives gender equality certification

(Source: Manila Times | December 3, 2018) Stores Specialist Inc. (SSI Group) recently received the Economics Dividend for Gender Equality (EDGE) Certification, for its efforts to reinforce strong gender balance and an inclusive workplace culture–the first specialty retail company to get certified in the Philippines and in South East Asia. EDGE is the leading global assessment methodology and business certification ...

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October retail sales in HK bounced back up

(Source: Inside Retail Asia | December 1, 2018) After a slowdown in September retail sales, Hong Kong has bounced back with a growth of 5.9 percent in October retail sales, year on year. The growth which is more than double than the previous month’s record is supported by the faster increase in visitor arrivals and continued income growth, according to ...

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