Wednesday, June 3, 2020
The Bureau of Internal Revenue has recently issued Revenue Regulations (RR) 13-2018 dated March 15, 2018 relative to the implementation of the Value-Added Tax (VAT) provisions of Republic Act No. 10963, otherwise known as the “Tax Reform for Acceleration...
By: Business World/Bloomberg Billionaire John Gokongweis Robinsons Retail Holdings Inc. is considering an exit from the fashion business as it struggles to compete with cheaper, faster chains. Stock jumps to three-week high. The Filipino retail giant, whose fashion portfolio includes the...
(Source: Inside Retail Philippines | 20 March 2017) Philippine fashion retailer Bench is opening its first international branch, in Okinawa, Japan. This follows its first Bench Fashion Week, marking the company’s 30th year in business. Owner Ben Chan says the Okinawa store...
(Source: Nielsen PR | August 15, 2018) Filipino consumers are leading increasingly hectic lives, leading them to demand convenient solutions that can help simplify their lives. This behavior is consistent with the global trend that is now greatly influencing consumption and...
(By: Sunstar) Filipinos have been shopping more as the volume sales of fast-moving consumer goods (FMCG) in the Philippines has risen by 10.9% in 2018 compared to a year ago, according to Kantar’s FMCG Monitor. The same report revealed that FMCG...
(Source: Inside Retail Philippines | 13 February 2017) Consumer goods giant Procter & Gamble (P&G) has signed an agreement with the Philippines Department of Trade and Industry (DTI) to pilot a micro-entrepreneur development program. The Angat Kita sari-sari project will provide...
(Source: Bloomberg Business | November 27, 2015) Philippine builders like SM Prime Holdings Inc. and Ayala Land Inc. can’t add retail space fast enough to satisfy demand from Southeast Asia’s most-confident consumers that pack Manila’s malls. A record 724,620 square meters (7.8...
(Source: Manila Standard Today | Jul. 12, 2015) A 50-50 joint venture between Ayala Land Inc. and Puregold Price Club Inc. will soon launch a new retail brand called “Merkado Supermarket.” Mekardo Supermarket, which needs board approval from both companies, will...
(Source: Business Mirror | December 24, 2014) While major mall developers in the country are aggressively expanding to other retail formats, such as hyper and supermarkets, Filipino shoppers still turn to their trusted sari-sari, or neighborhood variety stores, and nearby...
(Source: Business Mirror | October 3, 2018) Filipino consumers still prefer shopping in physical stores over online platforms, according to a study by digital research and consulting firm, Research and Tech Lab (RTL). From a study on online shoppers from July-September,...
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