Some P15-billion worth of investments from foreign retailers are seeking registration with the Department of Trade and Industry (DTI), but the potential foreign direct investment (FDI) inflow could be multiplied once amendments to the Retail Trade Liberalization Act (RTLA) is passed. Senator...
Sales of the Philippine retailing industry are expected to return to its pre-pandemic level in 2022 yet as the long lockdowns in the country badly affected traditional retailers despite acceleration of e-commerce to an even faster rate in 2020. In the “Top 100 Retailers in Asia 2021” by the...
To help address the rise of online counterfeiting and piracy, e-commerce platforms Lazada and Shopee today, March 1, signed a memorandum of understanding (MoU) with various global and local brand owners to fight the alarming increase in counterfeit and pirated products sold online. On the part of...
It’s been only five days since the new government-mandated price ceiling on pork took effect, and small vendors and retailers are now appealing for aid and support. Kilusang Magbubukid ng Pilipinas (KMP) said small retailers, who are also consumers, are now in need of urgent aid and support from...
Multisectoral groups, comprising of 51 largest and widely-represented private sector associations, have urged for the immediate enactment of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill to boost market confidence, save jobs and provide instant relief to businesses’...
IKEA, the Swedish-owned home furnishing retailer, will open first its online store in the Philippines months before the physical store in the Mall of Asia complex in Pasay City opens next year. “The company is bringing Swedish home furnishings and meatballs to millions...
