Tag Archives: Philippines

Malls in Philippines unlikely to follow US stores to extinction


(Source: ABS-CBN News | September 25, 2017) Malls in the Philippines are unlikely to be replaced by online channels soon, as millennials seeking to spend on experiences drive demand for restaurant space, a property consultant said. Food and beverage now account for 40 percent of mall space, compared to 60 percent for retail. The sector used to account for just ...

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Malaysian mall owner woos Philippine retailers


(Source: BusinessWorld | 24 January 2017) A malaysian mall owner is trying to attract Philippine retailers offering American-style fastfood and lifestyle clothing to set up shop in the Southeast Asian country. Officials of the Kuching-based Plaza Merdeka visited Manila anew last week to meet executives from Suyen Corp. and Golden ABC, Inc., owners of Bench and Penshoppe, respectively, and fastfood giant ...

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Philippine economy remains strong


(Source: Inside Retail Philippines | 19 August 2016) There’s no stopping the Philippine economy, even with a new administration. Philippine GDP grew year-on-year by 7 per cent in the second quarter of 2016, higher than the 5.9 per cent growth in the second quarter in 2015. Services, such as trade and real estate, drove this growth, according to the Philippine ...

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Paris Miki Philippines debuts


(Source: Inside Retail Philippines | 22 June 2016) Japan’s largest eyewear retailer by sales and stores, Paris Miki, has opened its first store in Manila at the S Maison Mall. The new shopping mall is part of the recently opened five-star Conrad Hotel along Manila Bay. Paris Miki has been known in the industry for more than 80 years for ...

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Taxation tops Duterte business talks


(Source: Inside Retail Philippines | 22 June 2016) Tax reforms topped the recommendations presented to President-elect Rodrigo Duterte during a two-day business consultation. In a specially-convened Duterte business briefing, more than 400 business leaders from around the Philippines gathered in Davao City to discuss the incoming administration’s 10-point socio-economic agenda. In their recommendation to the incoming president, they emphasised the ...

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Japanese investors keen on PH markets


(Source: Philippine Daily Inquirer | 20 May 2016) Japanese firm Seven Seas Properties Corp. is set to bring in a wave of investments to the Philippine real estate and equities markets to take advantage of the continuing growth in Asia’s rising economy. The Japanese financial services company said it expects to draw as many as 50,000 individual clients who will ...

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PH retail rents inch up 1.9% in Q1


(Source: The Manila Times | 20 May 2016) The Philippine retail property sector was only one of three Asia Pacific markets that saw rental rate growth during the first quarter of the year, according to a report by a real estate services group. In a report by Jones Lang Lasalle, it was noted that only three retail markets in the ...

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Consumer markets drive property retail growth in PH

Philippines Shopping

(Source: The Manila Times | 9 May 2016) Retail opportunities are growing in Southeast Asia’s property sector due to the region’s strong consumer market, particularly in populous countries such as the Philippines and Indonesia, according to a report by global real estate services firm Jones Lang Lasalle. JLL head of research for Southeast Asia Dr. Yang Liang Chua noted that the ...

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NCR retail prices rise for 6th straight month


(Source: The Philippine Star | 2 April 2016) Retail prices in Metro Manila rose for the sixth straight month in January due mainly to the uptrend in the heavily weighted food index, the Philippine Statistics Authority (PSA) said yesterday. The General Retail Price Index (GRPI) in the National Capital Region (NCR) went up 1.2 percent in January, faster than the ...

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Millennials dictate real estate trends


(Source: The Manila Times, by Catherine Talavera | October 22, 2015) Millennials are now dictating the trend in real estate, industry experts noted during the 4th Asia Pacific Real Estate Investment Summit held in the Solaire Resort and Casino in Paranaque City Thursday. Real estate consultancy firm CBRE Philippines said the country is reaping the benefits of the so-called demographic dividend, ...

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