Markets/Philippines/News

Philippines news & analysis

28 September 2023
Foodpanda, owned by Delivery Hero, is in negotiations to sell its food delivery business in selected Southeast Asia markets (including Singapore, Malaysia, the Philippines, Thailand, Cambodia, Myanmart and Laos). Grab, a ride-hailing, taxi, food delivery and grocery app in Southeast Asia, is a potential buyer according to a report by a German media company. We explore three reasons why Foodpanda ...
22 August 2023
Puregold released their H1 results, and both banners, Puregold stores and S&R WHs, have reported positive growth in revenue and store network. Key figures 17 new stores were added to the Puregold and S&R WHs store networks during H1, amounting to 543 stores in total. 8 of the new stores are DiviMart, which Puregold acquired 14 DiviMart in H1 2023 and planned to convert progressively into...
28 April 2023
Our global analysts share some of the latest headlines across the globe. Here's what you need to know. From Europe REWE is the latest German retailer to partner with European crowd-shipping market leader Shopopop Aldi Sud’s ‘best from the region’ private label concept is growing, with it seeking to benefit from the popular German asparagus season Drugstore retailer Rossmann expands its ...
31 March 2023
The Philippines’ second largest retailer Puregold Price Club Inc (PGOLD) reported its FY 2022 consolidated net income of Php 9.3bn, an increase of 13.5% compared to last fiscal year. Strong performance throughout pandemic Recently, Puregold was named as the Philippine’s Most Chosen Retailer according to Kantar, a leading global data analytics provider. Puregold has sustained a growth path thr...
30 March 2023
Alibaba Group has announced its new organisational structure aimed at supporting each of the group’s business make faster business decisions and achieve independent financing through market funding, thereby unlocking greater potential for shareholders. Business will be broken into six core business groups Taobao Tmall Commerce Group will include ecommerce platforms such as marketplaces...
07 March 2023
Alibaba Group reported its Q3 revenue, for the three months ending 31 December 2022, rose 2% to RMB247,756m (US$35,921m), and net income of RMB35,031m (US$5,079m), which is up 12%. Seven key segments performance highlights China commerce sales reduced 1% to RMB169,986m (US$24,646m) International commerce sales grew 18% RMB19,465m (US$2,822m) Local consumer services sales rose 6% ...
06 March 2023
Dairy Farm International (DFI) reported its 2022 group revenue declined 0.9% to US$27,597m. Its underlying profit fell to US$29m, from US$105m in 2021. The Health and Beauty segment experienced strong sales growth due to the post-COVID-19 reopening of the economy, while the food segment showed signs of sales recovery DFI’s five segments performance highlights Food segment sales fell 3....
08 December 2022
We round up some of the retailer’s efforts in sustainability we have seen in our store visits around Asia in the last few months. 1. Lotus’s Malaysia adds food aid bins in stores Lotus’s encourages shoppers to join in their food surplus programme. It provides meals to children who have limited access to safe and nutritious food. 2. EV powered tuk tuk to Tops food hall in Thailand ...
08 August 2022
Dairy Farm International reported total revenue of USD 18,511mn, increased by 1%, and operating profit of USD 76mn, decreased by 37%, year-over-year in H1. It should keep improving sales and profitability, especially in food grocery retail, which suffered the most from COVID-19 impacts in the region. Sales normalizing in supermarket   Excluding the sales from non-grocery, associates and j...
16 May 2022
The sustainability initiative is piloted by A.S Watson at the Serpentine Green Shopping Centre Superdrug store in Peterborough, UK. This follows some of the efforts introduced in its Asian stores like the refillable stations and plastic recycling programs. New Greener Stores Global Framework The global framework for sustainable practises introduced by A.S Watson takes a holistic approach ...