Tag: phillipines

  • Fiestamall sells quality Pinoy products via ‘Go Lokal!’

    Fiestamall sells quality Pinoy products via ‘Go Lokal!’

    Quality Filipino products are now being sold at the Duty Free Fiestamall, previously a haven of imported and luxury brands.This developed as the government-owned Duty Free Philippines Corp. (DFPC), in partnership with the Department of Trade and Industry (DTI), last week launched “Go Lokal!,” a retail-concept store  showcasing quality products created by Filipino micro, small and medium enterprises (MSMEs).

    In a news statement, Tourism Secretary Wanda Corazon T. Teo, speaking during the launch of the retail concept store, applauded the DFPC and the Department of Trade and Industry (DTI) for spearheading the promotion of Filipino culture and industry.  “As a government agency, we have a responsibility to promote the best from our local entrepreneurs, and the biggest help we can extend to our MSMEs is by showcasing the talent and skills of the Filipino,” she said. “In this manner, we continue to show the world that Philippine-made products are of high quality, yet reasonably priced.”

    DFPC is a government-owned and -controlled corporation (GOCC)  under the Department of Touristm (DOT). DFPC COO Vicente Pelagio A. Angala underscored the role of Go Lokal! in making Filipino products known in the international market, as well as in helping local start-ups and small businesses.

    “This partnership will help us realize our vision of showcasing the Filipino culture to the world, and contributing in the government’s effort to revitalize the country’s heart [sic],” he added.

    Go Lokal! also helps the DFPC stay true to its objective of being the ultimate top-of-mind destination for pasalubong shopping for both local and foreign visitors, Angala said.

    The Go Lokal! store features products crafted by artisans across the country, ranging from snacks made from local ingredients, to home décor, toys, work-study essentials, such as backpacks, journals, desk organizers made from indigenous materials, to clothing and local textile-based fashion accessories like shawls, stylish purses and shoes.

    “To the men and women who have been involved in this project, and to our local entrepreneurs who will get to showcase their products, may this day mark the beginning of a very successful venture— one that the DOT will support,” Teo said.

    The opening of Go Lokal! was also attended by DTI Undersecretary for Management Services Rowel S. Barba, DTI Undersecretary for Trade and Investments Promotion Nora K. Terrado and DFPC Deputy General Manager for Operations Bernardine   R. Belmonte.

    The DFPC was established through Executive Order  46, which was signed on September 4, 1986. This granted the then-Ministry of Tourism, through the former Philippine Tourism Authority (PTA), the exclusive authority to establish and operate a duty- and tax-free merchandising system in the Philippines, for the purpose of augmenting the service facilities for tourists, and to generate foreign exchange and revenue for the government.

    Under the Tourism Act of 2009, the DFPC was reorganized, and mandated that 50 percent of its net income accrue to the DOT for tourism-related projects. Of this amount, 70 percent is remitted to the Tourism Investment and Enterprise Zone Authority, formerly the PTA, a GOCC under the DOT, as well.

    In 2016 DFPC recorded a net income of P164.21 million, down 16.8 percent from P197.27 in 2015. Audited financial figures for any period in 2017 have not been made available by the corporation.

    Aside from the Fiestamall in Parañaque City, other DFPC stores are at the Ninoy Aquino International Airport terminals in Pasay City; the Mactan International Airport Arrival and Departure Outlets, and Cebu Waterfront Hotel in Cebu; the Davao International Airport Arrival and Visitors Center Outlets in Davao City; the Laoag International Airport in Ilocos Norte; the Newport Mall in Resorts World, Pasay City; the Kalibo International Airport Departure and Arrival Area in Aklan; the Clark International Airport Pre-departure and Arrival Area in Pampanga; the Iloilo International Airport; the Market Mall Store in Palawan; the Laguindingan International Airport in Cagayan de Oro City; and the Bacolod-Silay International Airport in Negros Occidental.

  • Smart upgrades LTE in Cebu region

    Smart upgrades LTE in Cebu region

    The Philippines’ Smart Communications has completed an upgrade to its LTE and 3G networks in Cebu, the nation’s second largest urban hub.

    The upgrade has increased median download speeds of Smart’s LTE service in Cebu to 17.6Mbps, compared to the operator’s nationwide average of 11Mbps, Smart said.

    By the end of the year, Smart plans to roll out LTE in more than 25 areas in the Cebu province, including some of the province’s most popular tourist areas. Smart is meanwhile introducing LTE support for customers of its Sun Cellular brand, which has a plurality of its subscriber’s in Cebu.

    This will be accompanied by network expansions elsewhere. Smart has set a target of covering 70% of the Philippines’ population with LTE by the end of the year.

    “Smart is committed to bring LTE to more areas in the Philippines and to make it available to even more Filipinos. We are encouraging our customers to check their SIMs and upgrade them so they can fully enjoy our improved network,” commented Mario Tamayo, SVP for network planning and engineering at Smart and parent company PLDT.

    “We are also partnering with device vendors to make more LTE-capable handsets, especially those utilizing the 700 MHz frequency, available for those who already have LTE SIMs but may not have an LTE device just yet.”

  • Metro Retail earnings jump 69% in Q1

    Metro Retail earnings jump 69% in Q1

    Metro Retail Stores Group Inc. of the Gaisano family saw its net income surge by more than two-thirds in the first three months of the year on strong consumer spending. Net earnings reached P52.8 million, up 69.2 percent from P31.2 million.

    Metro Retail posted a 9.7-percent jump in all-store sales driven by strong same-store sales growth of 7.4 percent.

    “Building on our robust growth last year, our strong start for 2016 demonstrates our continued commitment to deliver more value to our customers and shareholders,” Metro Retail chairman and CEO Frank Gaisano said.

    Gaisano said the company continues to expand both its store network and its logistics and supply chain facilities.

    The retailer recently opened a hypermarket in Calbayog City in Eastern Visayas, as well as two department stores in UP Town Center and Fairview Terraces in Quezon City to bring its store network to 49. Of its 49 stores, 24 are supermarkets, 13 are hypermarkets, and 12 are department stores.

    Metro Retail had previously acquired department store assets from SIAL Specialty Retailers Inc., a joint venture between Ayala Land Inc. (ALI) and Store Specialists Inc.  It is set to open another department store in Fairview Terraces Mall in Quezon City.

    The company has also entered into a partnership with ALI for the establishment of its stores in four new Ayala commercial developments in Bacolod, Iloilo, Cebu, and Pasig.

    “The dynamic Philippine retail industry continues to present a lot of opportunities for growth, and we are currently ahead of schedule in doubling our footprint by 2020 with 40 percent of this target already secured today,” Gaisano said.

    Metro Retail stores are currently present in key cities in Central, Western and Eastern Visayas, as well as in Central Luzon, Metro Manila, and South Luzon.

    According to Euromonitor, Metro Retail is the Visayas’ largest department store and hypermarket operator, and second-largest supermarket operator in 2014 in terms of retail sales value.

    The firm was also Cebu’s largest retailer across all its three store formats in terms of retail value in the same year.