4 RETAIL NEWS CAPSULE PHILIPPINE RETAILING
CW HOME DEPOT CELEBRATES 20 YEARS OF BUILDING TIMELESS HOMES
To commemorate the significant milestone of one of the leading building , finishing , and furnishing retail stores in the country , CW Home Depot celebrated its 20th-year company anniversary over a series of events and programs starting in early January of this year . To officially kick off the festivity , CW Home Depot has organized a video competition open to all its customers and clients that aims to highlight how has the company helped them build their timeless homes .
“ In celebration of our 20th anniversary , we desired to highlight the real stories of our customers and clients and how CW Home Depot was able to support them in accomplishing and building their timeless homes . Having this video competition was very monumental for us since it allowed us to see the transition of our products into real-life timeless homes ,” said Mr . Ferdinand G . Co , CW Home Depot ’ s managing director .
A unity fun run activity dubbed “ Takbo Para Sa CW Home Depot ” was also organized to foster camaraderie and promote a healthy lifestyle among its employees and trade partners . It was attended by some 350 runners who competed in 2.5 and 5K race categories . But the two of the most significant activities carried out in lieu of the company ’ s 20th celebration were the renovation of comfort rooms and multi-purpose center which were accomplished in partnership with the local government unit of Pasig City and the Habitat for Humanity , Philippines , respectively .
foundations in the business of hardware operations , importation of construction products , and real estate developments in the Philippines . CW Home Depot rapidly gained its brand recognition as a convenient one-stop-shop that offers a wide range of product categories and premium local and foreign brands in the market . In addition , CW Home Depot is home to various well-known specialty stores and brands in the building and interior design arena .
All CW Home Depots are strategically laid out into 4 divisions namely the Builders ’ Store or its D-I-Y Section , the Interior Store , and the Appliance Store with a roster of Specialty Stores . Currently , CW Home Depot has seven existing branches located in Westgate , Alabang ; Balintawak ; Commonwealth ; Ortigas ; San Fernando , Pampanga ; Sta . Rosa , Laguna ; Imus , Cavite and a soonto-open branch in Taytay , Rizal .
“ As the company gears up putting up more depots in the next 5 years , we are optimistic to achieve our goal in reaching more people who dream of building their own timeless homes with quality finishing and furnishing materials we offer ” added Engr . Co . CW Home Depot ’ s vital mission is to be the largest , widest , most convenient , and most complete quality building and construction store in the country catering to all home and building needs at the most competitive price .
“ The 20 years have flown very fast since we started the idea of putting up a unique store-within-store retail platform for both homeowners and builders in Ortigas on October 20 , 2004 . Since then CW Home Depot continuously upgrades its product lines and brands which cater to the growing demand of Filipino customers ”, said Engr . Napoleon G . Co , president of CW Home Depot .
Engr . Napoleon G . Go , CW Home Depot ’ s president
The almost half a year of celebration culminated with a festive thanksgiving gala night held at The Blue Leaf Cosmopolitan , where trade partners , employees , and special guests enjoyed a sumptuous dinner and the live performance of shadow play group- El Gamma Penumbra , the 2015 Asia ’ s Got Talent grand winner- 1st season .
Established on July 1 , 2003 , CW Marketing & Development Corporation is a joint venture of Cebu Oversea and Hardware , Inc . and Westpoint Industrial Sales Company , Inc . with both solid
The Bureau of Internal Revenue ( BIR ) is targeting to collect a creditable withholding tax of 1 % from the partner merchants of online platforms by the fourth quarter of 2023 .
Early this year , the BIR proposed to impose a creditable withholding tax of 1 % on one-half of the gross remittances of online platform providers to their partner sellers or merchants .
The taxman had defended the proposal saying it is not a new tax and its collection is within existing laws .
( From left ): Mr . Kenneth T . Tung , general manager ; Mr . Ferdinand G . Co , managing director ; Engr . Napoleon G . Co , president ; Ms . Gretchen Ho , host for the thanksgiving night ; Mr . Victor Chan , consultant ; Ms . Veronica Chan , chairwoman and her daughter Victorienne Chan .
BIR eyes to collect 1 % withholding tax from online merchants by Q4
“ The proposal is a creditable withholding tax . So , it ’ s not really a new tax . It ’ s just a mode of collecting ,” BIR Commissioner Romeo Lumagui Jr . said in May .
During a chance interview , Lumagui told reporters : “ We may start in the fourth quarter … We are aiming for this year , so it would be a full implementation next year .”
GMA News , 07 / 27 / 23