Tuesday, July 5, 2022
(Source: Cebu Daily News | September 8, 2017) The entry of internationally-recognized brands and the aggressive expansion of homegrown restaurant chains in Cebu are seen to continue driving the absorption of retail space demand in the country’s second largest urban...
By: Manila Bulletin A one-time 60-day grace period for paying loans, including credit card payments, will be allowed under the Bayanihan 2 law to ease the burden of the public amid the coronavirus pandemic. Republic Act No. 11494, or the Bayanihan...
By: Jovee Marie dela Cruz, Business Mirror The house Committee on Trade and Industry on Tuesday endorsed for plenary approval the chamber’s priority measure amending the Retail Trade Liberalization Act to remove the barriers to foreign investments in the local...
By Business World The measure that seeks to lower the minimum investment hurdle for foreign retailers to P25 million would likely bring in the competition that could damage many local small businesses, a retailers group said. Congress approved the Bicameral Conference Committee...
(Source: Business Mirror | May 29, 2018) The Udenna Group, the holding company of Davao businessman Dennis A. Uy, is investing up to $5 billion (P262.9 billion) over the next decade to develop newly acquired Clark Global City in Clarkfield,...
By: CNN Philippines The peso's steady appreciation against the dollar can be sustained over the near term, the Bangko Sentral ng Pilipinas said. Governor Benjamin Diokno said the sustained strength of the currency will keep prices of basic goods stable, as...
By: Manila Times Listed Robinsons Retail Holdings Inc. (RRHI) reported that it acquired local drugstore chain Rose Pharmacy Inc. through its subsidiary South Star Drug Inc. In a disclosure, the Gokongwei-led retailer said South Star Drug and Dairy Farm International Holdings...
(Source: BusinessMirror | November 3, 2015) Retailers from around the globe who trooped to the 17th Asia-Pacific Retailers Convention and Exhibition (APRCE) in Manila from October 28 to 30 at the SMX Convention Center, Mall of Asia Complex, went home armed...
(Source: Inside Retail Philippines | 9 September 2016) Aboitizland is promising the first authentic Philippines outlet mall in the heart of Calabarzon. The real estate division of Aboitiz Group says the new centre, The Outlets at Lipa, will be a “world-class...
(Source: Business World | July 23, 2018) SM Investments Corp. is looking at areas in northern and southern Luzon for the next stage of expansion of its shopping mall business, a top official of the Sy-led holding firm said. “Wala pa...
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