Tigerair Philippines to offer 4 new domestic routes in 2H

Photo by Bernard Testa

MANILA, Philippines
—  Tigerair Philippines plans to add 4 new domestic routes in the second half of the year. In a statement, Tigerair said it would launch flights from Manila to Davao and General Santos on November 20, using Airbus A320 aircraft.

A unit of Cebu Pacific, Tigerair also expanded its Cebu hub, with the launch of twice a week flights to Davao and Cagayan de Oro on November 29. Earlier this month, the airline launched flights to Cagayan de Oro from Manila. The lowest year-round fares for these new routes start at P888.

“Tigerair Philippines, through its network made wider with Cebu Pacific, remains driven to cater to its guests’ travel needs, be it for a bigger network or for low fares. With these 4 new routes, we will be able to serve them in time for the peak travel season in the Philippines,” Leilani de Leon, Tigerair chief for legal and corporate affairs, said.

With the new routes, Tigerair will operate over 230 weekly flights to 1 international and 10 domestic destinations: Hong Kong, Bacolod, Cagayan de Oro, Cebu, Davao, General Santos, Iloilo, Kalibo, Manila, Puerto Princesa and Tacloban.

The airline uses a fleet of 4 A320 aircraft, and is set to take delivery of an additional unit in December.

In February, Cebu Air Inc (CEB) signed a share purchase agreement to acquire 100 percent of Tigerair, including the 40 percent stake of Tiger Airways owned by Roar Aviation II Pte Ltd.

The transaction, which was approved by Tigerair shareholders and the Civil Aeronautics Board, was valued at $15 million.

source: Interaksyon | Business

FamilyMart - The second largest C-store in the world is coming to the Philippines

Davao City, Philippines
As I read the article in Interaksyon.com today, the TV5 Online news portal published the partnership deal of  Ayala Land Inc and  with the Rustan group together with the two Japanese firms to operate "FamilyMart," the  second largest C-store in the world.

In a statement issued late Monday, Ayala Land said SIAL CVS Retailers Inc signed a shareholders agreement with FamilyMart Co Ltd and Itochu Corp to develop and operate the FamilyMart convenience store in the Philippines.

Click here to read the full story

Photo courtesy of InsideRetailAsia

But before the said partnership with the  ALI by Ayala and the Tantoco-led Rustan's group with other two Japanese firm, The Bloomberg (the business channel) announced and published the business expansion of FamilyMart in southeast asia. According to the Bloomberg website, on the first quarter of this year the FamilyMart would expand their business in Southeast Asia particularly in the Philippines and in Indonesia. The company planned to open 600 stores by 2015 in  this region to tap the young market. The retailer intends to have 300 stores in each country by 2015 according to Cheng Herng Shinn and Shunichi Ozasa of Bloomberg.

Click here to read the full story

source: Interaksyon.com, Bloomberg and InsideRetailAsianews

UNIQLO opening its first store in Manila

update, June 15, 2012:
UNIQLO open at the 2nd floor of SM Mall of Asia in Pasay City.
A minimum P2000 single receipt purchase today June 15 and on  16 & 17 will gets you a free tote bag.

Hurry more fun and surprises awaits you today!

UNIQLO
→ Japan’s fastest globalizing clothing brand, is finally opening its first store in the country today, 
June 15, 2012 at the SM Mall of Asia.

The opening of the first UNIQLO store in Manila, makes the Philippines the 12th country outside of Japan where it has presence, after opening stores in the US, UK, France, Russia, China, South Korea, Hong Kong and Taiwan. It has also branches in Thailand, Malaysia and Singapore. 
Today, UNIQLO has more than 1,100 stores worldwide.

In the Philippines,UNIQLO celebrity endorsers are:
Iza Calzado
Nikki Gil
Chris Tiu
Chito Miranda

Nikki Gil - Celebrity endorser of UNIQLO

photo courtesy of Yahoo! She, Philippines

These PH celebrity are the one who embody the brand's "Made For All" philosophy. 
The tagline is said to capture the company's vision of making casual clothing available 
for everyone regardless of age, gender, ethnicity and most of all it defines your individuality.
The cast (celebrity) were chosen to play the vital role of creating a bridge between 
the UNIQLO brand and the heart of every Filipino.

Photos below courtesy of Yahoo! She, Philippines.

Uniqlo special opening price

Uniqlo men's jeans

Philippine Economy Rising

BusinessMirror.com.ph
January 15, 2012

Philippine Economy rising

Philippines Stock Exchange Visitor's Lounge

BANKING giant Hongkong and Shanghai Bank (HSBC) announced recently that the Philippines can be one of the world’s top economies by 2050.
It is encouraging that this independent and credible financial organization sees the enormous potential our country has for economic growth, and that if this potential is nurtured, the outcomes will be concrete and tangible and will provide benefits for the nation and its people.

In the HSBC report, the Philippine economy is forecast to rise 27 places upward to 16th rank less than 40 years from now.

The Philippines was also marked as one of 26 “fast-growth” countries expected to register “an average expansion of more than 5 percent per year.”

Despite a “very low level of development,” the report says the Philippines is among those countries that has made “great progress in improving fundamentals. As they open themselves to the technology available elsewhere, they should enjoy many years of ‘copy-and-paste’ growth ahead.”

The Philippines was noted as being one of the “truly remarkable hot spots in Asia…. The star performer, however, is the Philippines, where the combination of strong fundamentals and powerful demographics gives rise to an average growth rate of 7 percent for the coming 40 years.”

Noted as contributing to the country’s progress are the “improvements in its economic infrastructure,” with the “fast-growing population…expected to increase the country’s labor force, which likewise benefits from the quantity and quality of education.”

HSBC projected the Philippines’s average gross domestic product growth at 8.4 percent from 2010 to 2020, 7.3 percent from 2020 to 2030, and 5.8 percent from 2040 to 2050.

The report stated further that China is expected to become the No.1 economy, followed by the United States, India, Japan and Germany in the top five, in that order. Many smaller economies will move up, such as Peru (to improve by 20 places), Egypt (+15), Nigeria (+9), Malaysia (+17) and the Ukraine (+19). Many European countries may decline, especially those in Northern Europe, because of a smaller work force and the rise of developing nations—Denmark (-29), Norway (-22), Sweden (-20), and Finland (-19).

Among the factors that contribute to long-term economic growth are demographics—the size of the working population—and the opportunities for each individual to be more productive.

In order to create a milieu conducive to promoting productivity, there must be the following significant factors: opportunities for education, democratic governments, and strong rule of law.

Factors that could derail progress are war, energy-consumption constraints, climate change, and barriers to population movement across borders.

The report comes with a caveat: “We openly admit that behind these projections we assume governments build on their recent progress and remain solely focused on increasing the living standards for their populations….Of course, this maybe an overly glossy way of viewing the world.”

The Philippines under President Aquino is already putting those measures for growth in place. Economic growth showed a strong uptick in 2011, when the Philippine Stock Exchange closed with a 4.1-percent gain. This made it Asia’s best-performing economy for the year.

In another report, to create a climate conducive to more growth, the Association of Southeast Asian Nations is working toward “a unified trading bloc with free-flow capital by 2015.” Electronic-trading links will be set up in Asian countries to “allow more investments and raise liquidity,” starting in 2012 in Malaysia, Thailand and Singapore, followed later by the Philippines.

In addition, the Aquino administration has taken larger steps toward fighting read more

Philippines Stock Exchange Visitor's Lounge

This news is aggregated from: BusinessMirror