Philippine Retailing Newsletters 2018 PRA Newsletter 2018 Q2 | Page 4

PHILIPPINE RETAILING

Robinsons Land Corp., the property unit of the Gokongwei group, will spend P24.6 billion in 2018 to construct new malls, offices, hotels and mixed-used projects as it expects net income to substantially increase this year.

RLC said in a regulatory filing this year’ s programmed capital expenditures would be financed by internally generated cash from operations and borrowings.

The P24.6-billion spending plan for 2018 excluded capital expenditures for ongoing residential developments in China, it said. The real estate developer said of the total capex, it would allocate 56 % for the development of new malls and expansion of existing ones, offices and hotels, and earmark 12 % to mixed-used developments and masterplanned communities.

It said 13 % would go to the completion of ongoing residential property developments, while the remaining 19 % on replenishing the company’ s landbank.

RLC said it was scheduled to open four shopping malls this year in Ormoc, Pavia( Iloilo), Tuguegarao and Valencia( Bukidnon). The new malls will increase RLC’ s leasable mall area to 1.508 million square meters from 1.389 million sqm as of end 2017. The company said that with a healthy pipeline of investment projects, it expected recurring income to rise this year.

RLC reported a net income of P5.8 billion in 2017, up 2 % from the 2016 level even as revenues slightly dipped to P22.5 billion from P22.8 billion.

( The Standard, 4 / 17 / 2018)

Ayala Land Incorporated is targeting a slew of new local developments as well as a push into Malaysia as it chases its target of P40 billion in net income by 2020.

“ We are also targeting opening four new malls this year and a retail center in the Ayala North Exchange in Makati that will add about 300,000 square meters

The Philippine Chamber of Commerce and Industry( PCCI) is working on identifying the next 20 attractions in the country to help boost local tourism through its Investour Program

PCCI director for tourism and retail Samie Lim, who is concurrently PRA’ s chairman emeritus, said the program aims to raise US $ 20 Billion investments in local tourism and employ 15 million Filipinos.

2ND QUARTER 2018

( sqm) to our total shopping center gross leasable area( GLA),” he added.

Ayala Land has set a capital expenditure budget of P111 billion for 2018, compared to the P91 billion in registered spending last year. Earlier this year, Ayala Land also upped its now majority stake in Malaysian developer MCT Berhad to around 66 %.

“ We now have a platform to plan our expansion into Malaysia. The board just recently approved the acquisition of a 9.25-acre [ property ] in Klang Valley, Malaysia that is basically our first land acquisition in Malaysia since we first invested in MCT Berhad,” Dy said.

“ Klang Valley is home to around 8 million, has fairly good GDP growth of about 5 %, and the population averages around the mid-20s in age,” he added.

According to Dy, the plan for the Malaysia property is to develop mixed-use estates focused on homes targeted towards the middle income market.

( Rappler, 04 / 18 / 2018)

The PCCI has consulted with the Local Government Units, local PCCI chapters and industry stakeholders, and initially came up with a list of 10 priority destination areas including Clark, Palawan, Bicol, Ilocos, Bohol, Iloilo, Dumaguete, Tacloban, Davao, and Cagayan de Oro.

The PCCI is looking to promote investments in five areas of tourism including Arrival, Access, Accommodation, Attractions, and Activities.

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PRA members Mercury Drugstore, SM Supermalls, and Goldilocks emerged as some of the winners at the Reader’ s Digest Trusted Brand Awards.

Mercury Drug( Pharmacy / Drug Store) and SM Supermalls( Shopping Mall / Center) were two of the“ Platinum Trusted Brand Award” winners.

It also targets to attract 20 million foreign and 100 million domestic tourist on the 10th year of the program.

Platinum Trusted Brand Awards were given to brands that performed exceptionally, winning their category with a score that vastly outpolled their nearest competitor.

Goldilocks on the other hand took home the Gold Trusted Brand Awards under the Pastry / Bakeshop category. These are brands that have scored significantly higher than their competition.

“ For 20 years, the Reader’ s Digest Trusted Brands Survey has been a significant benchmark in various industries when it comes to which brands and services, and personalities, consumers trust the most.

About 4,000 respondents were asked to participate in this year’ s‘ Trusted Brand Survey’. Fifty percent were Reader’ s Digest subscribers while the other half were chosen to reflect the demographics of the general population.

( The Standard, 04 / 30 / 2018)