Tag Archives: retail

Bangko Sentral chief calls on Bancnet to help create National Retail Payments System

(Source: InterAksyon.com | Aug. 3, 2015) The Bangko Sentral ng Pilipinas (BSP) has caled on Bancnet to join in efforts to create a National Retail Payments System (NRPS). In his speech during Bancnet’s 25th anniversary, BSP Governor Amando M. Tetangco Jr. said the NRPS will provide Filipinos easy access to financial services by creating accounts whereby they can “make payments, ...

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Experts bullish about Rustan’s takeover of Adora

(Source: Philippine Daily Inquirer, by Cheche V. Moral | July 31, 2015) Rustan’s’ acquisition of the department store Adora, which caught many by surprise, could be a win-win situation for subsidiaries of the luxury retail corporation, according to a business analyst. Last May, the Tantoco family, which owns Rustan’s, announced that it was bringing Adora into the fold, an idea ...

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GST to include overseas online transactions

(Source: Inside Retail | July 23, 2015) Retailers believe they’ll be back on a level playing field after the nation’s leaders supported plans to make internet shoppers pay more for some foreign goods. At the two day gathering, the leaders agreed to broaden the GST to include overseas online transactions under $1000. “That effectively is bringing the current tax system ...

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Uniqlo eyes PH as garments production site

(Source: Philippine Daily Inquirer, by Amy Remo | July 26, 2015) Global clothing retailer Uniqlo is planning to tap Philippine garments manufacturers as it considers making the country one of its production sites that will cater to its global retail network. In a briefing on Thursday, Katsumi Kubota, chief operating officer of Fast Retailing Philippines Inc., said he had started ...

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The shopper’s paradise: Hong Kong and its retail stars

(Source: The Manila Times | July 18, 2015) Shoppers flock to Hong Kong for the value, variety, and quality of its wares. From branded, luxury players to independent labels sold in malls and quaint boutiques, Hong Kong has everything anyone needs. And as it celebrates Hong Kong Summer Fun from now to August 31, 2015, Hong Kong’s retail stars are ...

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Tourism, retail DTI’s growth bets in Region 7

(Source: By Virgil S. Villanueva, Business World | July 16, 2015) The Department of Trade and Industry (DTI) plans to deploy its funds to help the Region VII tourism sector, focusing on shared service facilities (SSF) for small and medium enterprises (SME) involved in the growing travel industry and related retail businesses. “Our funds for this year for the shared ...

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Ayala buys 50% stake in drugstore chain Generika

(Source: Keith Richard Mariano, GMA News | July 16, 2015) The Ayala Group has forayed into affordable retail healthcare, acquiring a significant stake in Generika Drugstore Philippines, a disclosure with the Philippine Stock Exchange revealed. Ayala Healthcare Holdings Inc., a wholly-owned subsidiary of Ayala Corp., signed agreements on Wednesday to acquire a 50-percent stake in Generika from the family of ...

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Four Questions On The Future of Retail

(Source: Forbes.com | By Kevin Guppta | July 16, 2015)   Make no mistake: eCommerce will emerge as a dominant player in retail sales. Companies like Amazon, Alibaba, and even Ebay want to make sure that happens. To be fair: this won’t mean the end of physical retail stores, but it will mean rapid transformation in the way retailers view ...

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Hong Kong “best in the world”

(Source: Inside Retail Asia | July 13, 2015) Hong Kong has been ranked the easiest and best place in the world to open a retail business, its economic archrival Singapore ranking right behind. Retailers in Hong Kong benefit from first rate infrastructure, superior business conditions and a strong economic climate, according to the Arcadis Retail Operation Index released today. Singapore ...

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Uniqlo-owner Fast Retailing sees no impact from China turmoil

(Source: Inside Retail Asia | July 13, 2015) Fast Retailing Co Ltd brushed off concerns about China’s economy triggered by recent stock market turmoil, saying it was pushing ahead with plans to open more stores in the biggest foreign market for its Uniqlo casual clothing chain. The Japanese company is expanding rapidly in China as it aims to become the ...

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