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SM Retail ramping up store expansion

SM Retail, Inc. aims to grow the number of stores under its portfolio to 3,000 within the next five years, banking on the increasing spending power of Filipinos alongside the growing economy.

SM Retail eyes 3,000 stores in the next five years

SM Retail, Inc. looks to grow the number of stores under its portfolio to 3,000 within the next five years, banking on the increased...

BPI Direct BanKo expects six-fold growth in outstanding loans this year

BPI Direct BanKo, Inc., the microfinance arm of Bank of the Philippine Islands (BPI), expects its loan book to grow six-fold this year supported...

Security Bank to ease branch expansion this year

Security Bank Corp. said it is easing its branch expansion as it rationalizes its existing network amid digitalization push. Alfonso L. Salcedo, Jr., Security Bank...

7-Eleven operator targets to reach 3,000 stores by end of 2019

Philippine Seven Corp. (PSC) aims to reach 3,000 stores by the end of 2019, as it accelerates its expansion to stay ahead of competition...

China Bank to open more branches this year

China Banking Corp. (China Bank) is set to open more branches this year amid rationalization and digital push. Following the listing ceremony of its long-term...

Revolution Precrafted enters Bahrain

Revolution Precrafted Properties, Ltd continues its global expansion in Bahrain, after striking a deal to supply residential villas for the country’s Property One Investment...

Wilcon to open 9 stores this year

WILCON Depot, Inc. is accelerating its five-year expansion plan by targeting nine-store opening this year, allowing it to hit its goal of 65 stores one year ahead of schedule.

Tanduay aims to enter Europe within 3-5 years

TANDUAY DISTILLERS, Inc. (TDI) looks to enter the European market within the next three to five years, as it scouts for opportunities to bring its rum brand overseas.

Property firm Revolution Precrafted expands to Ecuador’s mid-income market

REVOLUTION Precrafted Properties, Ltd. continues its global expansion with its entry into Ecuador, banking on the strong demand for housing in the middle-income segment in the country.

PSBank looks to use proceeds of planned LTNCD sale to expand...

PHILIPPINE SAVINGS Bank (PSBank) said it will raise funds through long-term negotiable certificates of time deposit (LTNCD) to expand its consumer banking segment.

Max’s to focus on franchising to fast track expansion

Max’s Group, Inc. (MGI) will be focusing on franchising its brands to fast track expansion until 2020, targeting to have a 65% to 35%...

Golden Arches to spend up to P2 billion for store expansion...

The exclusive franchisee of the McDonald’s brand in the Philippines plans to spend up to P2 billion for the rollout of at least 40...

Into a wider reach

Philippine Business Bank (PBB) has helped diversified the economy towards more sustainable growth by providing small and medium-sized enterprises (SMEs) access to financial and...

RLC prices stock rights offering at 16% discount

ROBINSONS LAND Corp. (RLC) has priced its P20-billion stock rights offering at P18.20 per rights share, it disclosed to the stock exchange on Thursday. The...

DoubleDragon profits surge amid continued CityMalls expansion

DOUBLEDRAGON Properties Corp.’s earnings surged 66% in the third quarter of 2017, primarily from the expansion of its community malls around the country. In a...

Fried chicken king Jollibee chases McDonald’s with US, China hunt

MANILA/SINGAPORE — Jollibee Foods Corp., the fast food chain that controls more than half of the Philippines’ $4-billion market with its signature fried chicken,...

Max’s to open first branch in Washington state by next year

MAX’S Group, Inc. (MGI) is ramping up its overseas expansion with the signing of its sixth development agreement for 2017, which will see the...

Toys ‘R’ Us stores in Asia unaffected by US retailer’s bankruptcy...

THE Asian operations of Toys “R” Us will not be affected by the American toy retailer’s bankruptcy filing on Tuesday, according to the company. In...

Jollibee capex set to double amid aggressive store expansion

JOLLIBEE Foods Corp. said it is looking to breach the 4,000-store level across all its brands in 2017, while allocating P14.7 billion in capital...