The lower capital requirement under the amended Retail Trade Liberalization Act (RTLA), which intends to invite the world’s big foreign retailers, has made no impact yet on the domestic retail industry, only firming up the Philippine Retailers Association (PRA) position that liberalization is not...
Although still at single-digit growth, local retailers expect full recovery this year as cooling inflation is driving consumption. Rosemarie B. Ong, president of the Philippine Retailers Association (PRA), told reporters at the Outstanding Filipino Retailers (OFR) Awards 2023 “Tibay Gabi ng...
Philippine retailers said it is likely that the planned value added tax (VAT) refund on foreign tourists’ purchases may not be given immediately at the point of purchases. Paul Santos, president of the Philippine Retailers Association (PRA), told reporters at the press conference of the Philippine...
Be upfront and transparent with the prices of your products. (John Schnobrich/ Unsplash) This was House Minority Leader and 4Ps Party-list Rep. Marcelino Libanan's warning to online retailers Wednesday, Dec. 21, amid Filipinos' last-minute Christmas shopping. “Online retailers who do not put...