Philippines
Taiwan sends increasing number of tourists to Philippines in 1Q
Taiwan was the fifth largest source of foreign tourists to the Philippines in the first quarter of 2012, a Philippine tourism official said on Monday.
Philippines' JFC acquires Chinese food chain Guangxi San Pin Wang
Jollibee Foods Corporation (JFC), through wholly owned unit Jollibee Worldwide Pte. Ltd., has completed its acquisition of 55 percent of Guangxi San Pin Wang Food and Beverage Management Company Limited which will entail a CNY40-million (USD6.32m) investment.
In a disclosure to the Philippine Stock Exchange, Jollibee said its investment in South China will be done through its joint venture with Guangzi Zong Kai Food and Beverage Investment Company Limited (GZK).
SE Asian TV industry to exceed USD4.5b in value in 2011
Lowering cost of the latest technologically advanced video display products have been driving increasing consumer spend in Southeast Asia's television sector, which in the first 11 months of 2011 totalled nearly USD4 billion – a 14 percent growth versus the same period last year, reported market research company GfK Asia.
Philippines' Nov CPI slows
Inflation in the Philippines eased to 4.7 percent in November compared with October's 5.3 percent on-year rise, giving the central bank room to ease monetary policy early next year.
Food and beverage costs, which account for 50 percent of the consumer price index, rose at a slower pace in November compared with the previous month when such prices spiked due to typhoons affecting large parts of the country.
Philippines Sep inflation rate inches up to 4.8pc
The Philippines' inflation rate inched up to 4.8 percent in September based on the new 2006 data series that the National Statistics Office (NSO) began releasing in July, compared with 4.7 percent in August.
The NSO attributed this to the higher annual increases in the prices of clothing and footwear; housing, water, electricity, gas and other fuels.
Higher prices were also noted in health, transport, and recreation and culture in September. Inflation rate a year ago was 3.9 percent.
San Miguel Foods joins AgriLink in the Philippines
Agribusiness firms that implement integrated and sustainable inputs to their production systems can access quality-driven and lucrative markets.
This is continuously demonstrated by Southeast Asia's largest food, beverage and manufacturing company San Miguel Foods, Inc. (SMFI), which has once again partnered with the Foundation for Resource Linkage and Development (FRLD) for this year's largest trade fair on the interdependent industries of agriculture, food and aquaculture - AgriLink, FoodLink and AquaLink 2011, happening on 6-8 October at World Trade Center, Manila.
Why sugar, corn prices are up
Sugar supply has been declining worldwide not because more people are consuming more sugar. As global demand is now outpacing sugar supply and production worldwide, sugar prices have been rising to levels not seen since the historic highs of 1975 and 1982.
Direct selling in Philippines is vibrant
In the Philippines, some 26 direct selling companies distributing cosmetics, nutritional supplements, and apparel compete with the ever-expanding number of brands lining store shelves.
Pete Dela Cruz, general manager of NU Skin Enterprises Philippines Inc. believes, however, that the direct-selling industry in the country is vibrant and not at all crowded.
Report: The future of retailing in philippines to 2015
General retailers are the biggest gainers in Philippines retail industry with a market share of 49.7 percent in 2010 followed by specialist retailers with 41.8 percent, a latest Research and Markets report says.
According to Research and Markets' report, The Future of Retailing in Philippines to 2015, with a CAGR of 42.19 percent, online retailers were the fastest growing channel group in the industry. In product terms, food & grocery lead the market in Philippines in 2010 with a market share of 66.1 percent, followed by Electrical and electronics.
Japan, Philippines affirm economic accord
The Philippines and Japan have expressed general satisfaction for the overall achievements under the Japan-Philippines Economic Partnership Agreement (JPEPA) as both sides affirmed their commitment to cooperate in ensuring that the agreement achieves its full potential in the years to come.
This consensus was reached by both countries during the Third Meeting of the Joint Committee of JPEPA held last Monday in Tokyo, Japan.
