Friday, February 3, 2023
By: Cebu Daily News With relaxed restrictions and the holidays drawing near, malls and other retail establishments here should brace for consumer spending to return to its pre-pandemic levels.  Real estate service provider Colliers reported that malls in the country began...
By Philstar Federal Land Inc., the real estate firm of GT Capital Holdings, yesterday unveiled the Philippines’ first Mitsukoshi mall, located at Bonifacio Global City in Taguig, beside Grand Hyatt Manila. Federal Land chairman Alfred Ty said it took eight years...
By Inquirer Mall operators in the Philippines said their commercial establishments were ready for the anticipated increase in people going to shop, dine and enjoy some leisure time during the holiday season. In a recent interview with DZMM radio station, executives...
By Petrol Plaza The operator of the brand in the country celebrated the milestone conquered alongside Pito AxM Platform by deploying the first ATM in Davao City. 7-Eleven has deployed 2,000 ATMs throughout the Philippines in partnership with Pito AxM Platform,...
By GMA News The Philippine economy accelerated in the third quarter of the year — the first quarter of the Marcos administration — despite a high inflation environment, the Philippine Statistics Authority (PSA) reported on Thursday. The economy as measured by...
By BusinessWorld The Philippine retail sector’s growth is projected to slow next year, as consumer spending will likely be affected by elevated inflation and rising interest rates. Barsali Bhattacharyya, Economist Intelligence Unit (EIU) industry manager, told BusinessWorld that local retailers will...
By BusinessWorld Holiday spending is expected to bring some much-needed cheer to Philippine mall operators and retailers, according to Colliers Philippines. In a Oct. 27 report, Colliers said major mall operators are now reporting that foot traffic is now at 85-95%...
By SM Prime SM Prime Holdings, Inc. (SM Prime), one of the leading integrated property developers in Southeast Asia, continues to expand its mall footprint in the Bicol Region with the opening of SM City Sorsogon, this Friday, October 28....
By PhilStar Wilcon Depot Inc. reported double-digit expansions in profits in the third quarter as the construction supply retailer reaped the benefits of a reopened Philippine economy. In a disclosure sent to the Philippine Stock Exchange on Tuesday, the construction supply...
By BusinessMirror Starting October 2022, SM Cubao — one of the first branches of retail giant SM in the metro — will be officially known as SM Araneta City. The historic City of Firsts welcomes the change in the name of...
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