News

China economy shows weakness as investment growth hits new low

Agence France-Presse
Posted at Sep 14 02:55 PM

China's National Bureau of Statistics, which released the new data Friday, said the trade spat has had a limited effect on economic data so far. Read more »

Walmart's purchase of Mexico food delivery app set to spur e-commerce

Daina Beth Solomon, Reuters
Posted at Sep 14 07:30 AM

Walmart Inc will acquire Latin American food delivery service Cornershop for $225 million, it said on Thursday, in a move to ramp up its online grocery business in Mexico and Chile. Read more »

DTI seeks full compliance on suggested retail prices to fight inflation

ABS-CBN News
Updated as of Sep 11 10:09 AM

Retailers caught violating the SRP risk having their stocks confiscated, Trade Secretary Ramon Lopez said. The DTI monitors prices of 207 items in 600 stores, the scope of which was recently expanded, he said. Read more »

Jack Ma to unveil succession plans, not imminent retirement: SCMP

Agence France-Presse
Posted at Sep 09 01:54 PM

Alibaba co-founder and chairman Jack Ma will unveil a succession plan on Monday, the South China Morning Post reported Sunday, with a company spokesman denying a New York Times report that he would retire that day.  Read more »

Robinsons Retail raises stake in Ministop venture

ABS-CBN News
Posted at Sep 03 11:41 AM

Mitsubishi sold the equivalent of an 8-percent stake in Robinsons Convenience Stores Inc to Robinsons Retail and sold the its remaining 4-percent share to Japan's Ministop Co Ltd, the Gokongwei-led retailer told the stock exchange. Read more »

Ilang kompanya humirit ng taas-presyo bago mag-'price freeze'

ABS-CBN News
Posted at Aug 30 08:25 PM

Gustong humabol ng ilang manufacturer ng mga de-latang sardinas ng dagdag-presyo bago tuluyang mapako ang presyo ng mga pangunahing bilihin sa loob ng tatlong buwan. Read more »

Antitrust body OKs Robinsons Retail's acquisition of Rustan Supercenter shares

ABS-CBN News
Posted at Aug 17 03:13 PM

The Philippine Competition Commission on Friday approved the acquisition by Robinsons Retail Holdings Inc of shares of Rustan Supercenters Inc.   Read more »

DTI launches 'Suking Tindahan' program in calamity-hit areas

ABS-CBN News
Posted at Aug 16 12:15 AM

Amid the quickening inflation, the trade department is doubling down on its "Suking Tindahan" program to make sure even small or community stores follow suggested retail prices. Read more »

'Suking Tindahan' na swak sa SRP ang paninda, inilunsad

ABS-CBN News
Posted at Aug 15 11:34 PM

Target ng gobyerno na makapagtayo ng isang tindahan kada lungsod o bayan sa bansa.  Read more »

Filipinos start shift to 'patriotic shopping' amid rise of global brands in PH

Katrina Domingo, ABS-CBN News
Posted at Aug 14 06:55 PM

Filipinos are starting to opt for brands that source their raw materials from local producers as consumers become more aware of indigenous items through online channels, a recent study showed. Read more »

Puregold net income up 25.6 percent in first half

ABS-CBN News
Posted at Aug 13 06:14 PM

The retailer said in a disclosure to the stock exchange on Monday that sales grew in the January-June period amid higher consumer spending as the first tax reform package resulted in higher take-home pay for its customers. Read more »

Moratorium vs taas-presyo ng ilang bilihin, hiniling ng consumer group

ABS-CBN News
Posted at Aug 09 08:11 PM

Hindi muna dapat aprubahan ng Department of Trade and Industry ang ano mang hirit na dagdag-presyo sa mga bilihin dahil bugbog na ang mga konsumer sa taas-presyo, ayon sa pangulo ng isang consumer group. Read more »

Seamless shopping experience lures consumers to spend more, a consultant says

ABS-CBN News
Updated as of Aug 09 11:02 PM

E-commerce has plenty of room to grow in the Philippines given the size of the country's population, a consultant said Thursday. Read more »

Retailers bet on 'bricks and clicks' in Philippines

ABS-CBN News
Posted at Aug 09 11:49 AM

It would be more “impactful” for brands to combine online and physical channels to optimize sales, an official of the Philippine Retailers Association said. Read more »

SM Prime income up 16 pct in 1H on new mall openings

ABS-CBN News
Posted at Aug 06 04:01 PM

SM Prime Holdings on Monday said it recorded a net income of P16.6 billion in the first half of the year, up 16 percent compared to the same period in 2017.  Read more »

How retailers are shifting to digital

ABS-CBN News
Updated as of Aug 06 02:02 PM

Retailers are revisiting their their strategies as consumers shift to digital services and electronic payments, businessmen said Monday. Read more »

DTI to impose SRPs on more product brands

ABS-CBN News
Posted at Jul 25 11:50 PM

The trade department is poised to widen the list of products that should follow suggested retail prices, but manufacturers aren't too happy about this. Read more »

Mas maraming produkto, isasailalim sa standard retail price

ABS-CBN News
Posted at Jul 25 08:05 PM

Palalawakin ng Department of Trade and Industry ang listahan ng mga brand ng mga produktong sakop ng suggested retail price. Read more »

DTI, hinimok na repasuhin ang 'overpriced' SRP ng mga de-lata

ABS-CBN News
Posted at Jul 24 08:04 PM

Hinimok ng grupong Laban Konsyumer ang Department of Trade and Industry na repasuhin ang suggested retail price na ipinapataw sa mga de-latang karne at sardinas. Read more »

7-Eleven 'investing heavily' in digital, says CEO

Jessica Fenol, ABS-CBN News
Posted at Jul 19 08:14 PM

MANILA - The popular convenience store chain 7-Eleven is "investing heavily" in its digital payment system and e-commerce services, its operator said on Thursday. Read more »