Ayala Malls Philippines

Philippine Ayala Land to build biggest mall in Mindanao for P4.5B in CDO

2010-01-13T14:23:00.001-08:00

Via Business Mirror Wednesday, 13 January 2010 CAGAYAN de Oro City—Ayala Land Inc. (ALI) is set to invest at least P4.5 billion here to build the biggest mall in Mindanao, thereby boosting investor confidence in this capital city of Northern Mindanao.

Constantino Jaraula, city mayor here, said that ALI will build the P4.5-billion shopping and recreation mall in its newly acquired property in the heart of this city’s bustling business district this year.
“Once completed, this Ayala mall would make the city the major shopping destination in Mindanao as this will be the biggest mall in the region and will further boost our beloved city as a haven for investment,” Jaraula said.

It will also be bigger than Davao City’s P3-billion Ayala mall, which will open in 2012, he said. Continue reading here http://businessmirror.com.ph/home/regions/20856-ayala-land-to-build-biggest-mall-in-mindanao-for-p45b.html

Take mobile e-commerce seriously

2009-12-09T15:18:00.000-08:00

From the Cebu Sunstar: The growth of peer-to-peer or person-to-person trading sites like Sulit.com.ph, AyosDito.ph, 88db.com.ph, OLX.com.ph, Multiply.com, eBay.ph, among others, has allowed Filipinos from all the country to trade with each other. As you can scan through the various payment options, Globe GCash and Smart Money are in majority of these seller pages.

Anyone who has not looked into these two payment platforms in the past should think again. With mobile broadband becoming affordable and a growing number of Pinoys surfing through the mobile phone, there is a new opportunity to market and position the selling of product or service focusing on this growing user segment.

Globe GCash Glick (https:/ gcashclick.delbrosonline.net/), in partnership with courier company Delbros, now allows online sellers and buyers to trade with each other with ease. The system ensures buyers and sellers that a product ordered is received in good condition and in accordance with what was indicated online. In addition, payment is already secured prior to shipment, allowing proper transfer of funds after the delivery process. Continue reading here http://www.sunstar.com.ph/cebu/toral-take-mobile-e-commerce-seriously

Also read my blog on sending money http://mysendmoney.blogspot.com/
And my blog on Business Ideas http://philippinebusinessideas.blogspot.com/

Business trend slowly shifts to online selling

2009-12-06T14:25:00.000-08:00

My comment: But major players like SM, Ayala, Metro, Robinsons, Island Souvenirs, CDR King and many others haven't seen the light yet in my opinion and missing a major business low cost opportunity

China's online sales soar in Jan-Sept: govt (wonder why no news like this in Philippines?)

Philippine Star CEBU, Philippines - Despite lots of business spaces now made available around the city, the advent of the internet has made online selling now the fast growing trend in the business community.

This is due to the free advertising and no need to pay for space rentals said Tina Tan, an online business seller who sells ready-to-wear clothes and accessories through the web.

Tan said that doing business online has become very popular and since the budding of social networking sites, it makes their jobs easier and gives them a chance to have a wider market.
According to Tan, business through online is very easy especially for those that have other things to do like students like her.

She said that all they have to do is add as many contacts as they can, preferably people they know so that they would not be scammed, and immediately they have instant customers.

Val Carla Vergara, a new online business player, said that she shifted to online selling because it is a new strategy for small business players like her who wants extra income but does not need to invest on a huge capital.

Vergara said that there are so many small business players that are using the net right now for their businesses but the competition does not worry her despite having the same kinds of products like RTW’s, accessories, and toys.

She said that just like any other kind of business, it depends on the marketing strategy of the online shop owner.

Vergara explained that she sells her products cheaper than those sold in malls and she puts the difference of the prices in her site so that the customers would be able to see how much money they will be saving if they buy it from her.

She said that unlike stores in malls and also from other online entrepreneurs who has fixed prices, she lowers her prices if the customers ask for a discount and she also does this if her clients buy three or more products.

But according to some like Armida Aguilar, a college student, the pictures are not enough for her to buy a product online. Aguilar said that despite online selling becoming a fad today and saves the shoppers time from going around places looking for clothes, she still chooses to go the conventional way pf shopping because she wants to make sure that she the quality is worth the money she is paying. Continue reading here http://www.philstar.com/Article.aspx?articleId=530097&publicationSubCategoryId=108

Online Retail Thriving: 8% Growth Expected This Holiday Season but are Philippine merchants taking note?

2009-11-26T14:38:00.000-08:00

From the NY Times In its State Of Retailing Online 2009 report, Forrester Research reported that the vast majority of Web retailers were not only profitable in 2008 - in a recession - but also that their overall level of profitability grew.

My commment; But has Philippine merchants noticed the trend and are they adapting to sell worldwide? Here is a area for growth and expansion and Filipino merchants need to take note.

The e-commerce market is expanding, due to a combination of factors.

Also brick-and-mortar businesses are migrating more of their operations online. We also have technology advances to thank: better recommendations technology, social media, the emergence of mobile commerce.

E-commerce Continues to Grow, Despite Economy

In the State Of Retailing Online 2009 report, Forrester Research reported that retailers saw their Web divisions grow by 18% in 2008. Given that Forrester described 2008 as "one of the worst years ever" in retail, that's significant growth in online retail activity.

Continue reading here http://www.nytimes.com/external/readwriteweb/2009/11/23/23readwriteweb-online-retail-thriving-8-growth-expected-th-45446.html

Internet supermarket booms in bad times, Selling online a golden opportunity for Filipino business

2009-11-16T14:14:00.000-08:00

- The Internet global supermarket is booming because people and businesses are looking for bargains and new outlets in bad times, a new report says. (My comment, Philippines has a golden opportunity for big and small businesses to embrace this technology and sell sell sell to the world. Example is the recent Pacquiao rumble where people wanted to buy tshirts, and much more and where were the Filipino merchants like Island Souvenirs online, seems they and others are missing a golden opportunity)

Sale of Pacquiao souvenirs increase

And the this great global shopping mall can only expand rapidly as mobile phone use explodes, the Chinese get involved and advertisers jump in, the OECD forecasts.

But the e-trade revolution is being held back by hidden frontiers, ranging from concerns over privacy of personal information, language problems, delivery costs and taxation and regulation barriers.
As the Christmas spending spree, vital to many retailers and manufacturers around the world, gets under way, the OECD also highlights other worries for consumers.

For example, Santa Claus may never turn up with the goods, or the purchases may be defective, or payment details may be stolen.

These are among the obstacles to increased cross-border trade, paradoxically even within the European Union, which the Organisation for Economic Cooperation and Development lists in a report on a conference under the heading: "Empowering e-consumers."

The report found that the financial crisis had breathed new life into electronic commerce, with sales rising in Europe, the United States and China at a time when the store-based retail sector struggles as consumers' disposable income shrivels.

"The financial and economic crisis appears to be giving a e-commerce a boost as consumers search for ways to reduce expenditures by purchasing items online," the OECD said, adding: "The savings can be substantial."
It cited a study showing that shoppers in Britain, Germany and France can save 17 percent by buying electronics goods, DVDs and clothing on online trading platforms rather than in physical stores.

In the United States on-line sales for 80 retailers rose an average of 11 percent in the first quarter of the year, according to another study.

One site, Craigslist, is forecast to report sales of 100 million dollars this year, a 23 percent increase from 2008. Another platform, Amazon, had net sales of 177 million dollars in the first quarter alone, up 24 percent from the first quarter 2008.

The OECD cites a study by the Forrester research group predicting that western European consumers will buy 123.1 billion euros' worth of goods online by 2014, for an average annual growth rate of 9.6 percent.
China too has experienced a jump in online retail activity. The online auction and retail website of the country's leading e-commerce company, Alibaba Group, reported a 131 percent rise in transaction volume in February compared with a year earlier.

Helping to spur electronic commerce is the growth in mobile phone use. The number of mobile phone subscribers grew at an average rate of 30 percent a year from 1993 to 2007 in the 30 industrialised economies in the OECD.
But the OECD warned that the future of e-commerce is not entirely secure, maintaining that its fate "depends for a large part on the level of confidence that consumers have in on-line shopping."

It noted that half the cross-border complaints and disputes filed with the European Consumer Center Network stemmed from purchases made over the Internet.

"Delivery problems and dissatisfaction with the products purchased were the leading reasons for the complaints, accounting for 75 percent of the total," the OECD said.

Customers voiced dissatisfaction with non-deliveries, misrepresentation by online retail sites and difficulties contacting merchants.

While the Internet may have made it easier to buy products from foreign businesses, consumers have shown themselves to be reluctant to do so, according to the OECD, which cited language barriers, higher shipping costs, regulatory barriers and scams and misleading practices as key constraints.

Last year 33 percent of EU consumers purchased products online but only 7.0 percent bought goods from another country, the report said.

While many countries have e-commerce laws and regulations, such practices risk becoming outdated given the speed at which new products and services are created.

The study found that most countries, apart from the United States, do not have specific regulations to protect the privacy of children.

It said many online retailers ask consumers to confirm their age simply by ticking a box, with no follow-up measures to ensure that the information is accurate.

Another area of growing concern for the sector, according to the OECD, is the use of behavioral techniques that track a consumer's purchasing habits in order to tailor advertising to his or her interest.

But there is little doubt about the economic impact of online advertising. A recent study cited by the OECD found that the contribution to economic activity of online advertising amounts to 300 billion dollars in the United States. The US online advertising sector directly employs more than 1.2 million people. Continue reading here http://www.abs-cbnnews.com/technology/11/16/09/internet-supermarket-booms-bad-times

Ayala stays on sidelines as rivals diversify

2009-11-04T13:53:00.001-08:00

Wednesday, 04 November 2009 00:00
AS some of the acountry’s largest conglomerates bask in the limelight with their aggressive push into businesses outside their core expertise, the Philippines’ oldest holding company has turned inward, at risk of being left out in the scramble for new moneymaking machines.

With more than P30.9 billion cash in hand, and a net debt-to-equity ratio of 0.09 at end-June this year, Ayala Corp. was well-positioned to buy up assets after prices all around fell due to the global financial crisis.

|So far the 175-year old company, however, has stayed out of the fray, leaving the field wide open for the likes of San Miguel Corp. and the Philippine Long Distance Telephone Co. (PLDT) group, which separately have been gobbling up companies whose valuations fell in line with the financial crisis.

In contrast, the Ayala group early this year reshuffled its key executives, sparking off a changing of the guards within each of its business units.

Rufino Luis Manotok, Ayala group senior managing director and chief finance officer, however, said the holding company continues to look at investment opportunities, such as in the power sector.
But to date, the group has yet to place a bet on the industry.

Ayala-led Manila Water Co. Inc. has the water distribution rights to the eastern part of Metro Manila.
Like the Ayala group, PLDT also has investments in the BPO space, which is a sunrise industry that promises to deliver hundred billions in revenues in less than a decade.

Market observers, however, said the House of Zobel de Ayala has nothing to fear from its more aggressive peers.

“The Ayala group is always exploring all possible businesses that it may get into,” Astro del Castillo, managing director at First Grade Holdings said.

Jun Calaycay of Accord Capital Equities Corp., said the Ayala group may have wanted first to solidify its businesses after the global financial crisis, before venturing into other pastures.
“They are always on the horizon,” Calaycay, however, said.

Amid a number of celebrated mergers and acquisitions (M&A) in the past two years, the Ayala group has been prudent in buying assets, other sources said, because the family’s billions were acquired through more than a century of hardship.

Insiders said other conglomerates that have been active in the M&A scene were supported by a “foreign billionaire” or associates of a “former dictator.”

“It’s easier to spend, if it is not your own money,” a source said.

The Zobel de Ayala clan emanated from northern Spain’s mountainous region of Álava, having descended from the lineage of Juan Larrazábal Ayala, an influential landowner. Their patriarch Antonio de Ayala had sailed for Manila in the 1800s.

Del Castillo said the conglomerate has been known as a “conservative” when it comes to investments.

History can attest that before the Zobels would invest big in a new business, they would start with a minority stake, he said.

“They study first. [They’re not] emotional businessmen. They are conservative, yet sure when it comes to investments,” he added.

Calaycay said one reason why the conglomerate had been averse from expanding its current business portfolio may have been its stable position despite the financial crisis.

Besides telecom, BPO, water services, and banking, the Ayala group is the country’s top property developer, and has interests in electronics manufacturing and automotive assembly.

“Apart from their being conservative, maybe they still see high growth potentials in their present portfolio,” Calaycay said.

“We’ll see what the group will do after the global economy normalizes,” he added. Read the complete original article here http://www.manilatimes.net/index.php/business/5253-ayala-stays-on-sidelines-as-rivals-diversify

I just received this promotion in my email this morning. Are Philippine merchants/malls missing a great free advertising tool by email?

2009-11-04T13:47:00.000-08:00

Why couldn't Philippine Department stores, or Malls have a similiar online email every week for their promo customers or those that enter its many promotions that collects names and email addresses? A valuable free tool is not being used here by most Philippine Merchants.

*Available while quantities last. All products may not be available in all stores.
Copyright 2009 ALDI INC. All Rights Reserved.

ALDI Inc. is very serious about protecting your privacy and is committed to avoiding
any abuse of your email address.

If you wish to stop receiving this newsletter, please go to

http://usa.aldi.com/us/html/service/newsletter_ENU_HTML.htm

Enter your email address in the UNSUBSCRIBE form, and click submit
and you will be removed from this list immediately.

www.aldi.us

Tags: Advertising by email

Singapore’s New Breed of Bar Might be an ideal for innovative Ayala malls

2009-10-31T16:36:00.000-07:00

Oosh Bar and Lounge, in the Dempsey Hill neighborhood, has both indoor and outdoor spaces, including Balinese-style pavilions. Published: November 1, 2009

AS Singapore’s thirst for cocktails has grown steadily over the last few years, a new generation of bars and clubs has emerged in some memorably unusual places.

Ground zero for the city’s new breed of night life is the Dempsey Hill neighborhood. Where army barracks once stood surrounded by tropical jungle, bars and restaurants have been sprouting at a breakneck pace. The result combines a laid-back atmosphere with alfresco settings, all just a few miles from downtown.

The area trailblazer, way back in 2006, was Richard Goh, who opened Oosh Bar and Lounge (22 Dempsey Road; 65-6475-0002; www.oosh.com.sg) on almost 100,000 square feet of lush green property.
“Dempsey was just a nature enclave when I chanced upon it,” Mr. Goh said. “I had a vision that it could be transformed into a resort lifestyle venue.”

Indeed, Oosh may evoke memories of your last tropical getaway. Live musicians often entertain at the main bar; out in the garden, Balinese-style pavilions are set among moodily lit waterfalls and reflecting pools. Service can be slow, but strong cocktails and the stirring décor are distraction enough.

A more recent addition to Dempsey is the White Rabbit (39C Harding Road; 65-6473-9965; www.thewhiterabbit.com.sg), where a young and well-heeled crowd competes for attention with the space itself: a charmingly restored chapel, complete with stained-glass windows, which houses a bustling restaurant and alcove lounge leading out to a garden bar. The whimsical theme is carried through from topiary sculptures to “reinvented” takes on classic cocktails, like the Blackforest mojito, which is made with Chambord.

“I think locals and expatriates alike respond well to unique, multifaceted concepts,” said Tengwen Wee, a co-owner of the White Rabbit. “We’ve seen a growing base of discerning clientele in Singapore.”

Mr. Wee’s latest addition to the party scene fills a surprisingly underrepresented niche on this tropical island: the beach bar. Opened in May on the resort island of Sentosa, just off the city’s coast, the Shack (120 Tanjong Beach Walk, Sentosa; 65-...; www.theshack.com.sg) is an aptly unpretentious moniker for this breezy hangout, where the bar resides within an old shipping container and beer barrels have been recycled as tables.

Wild Oats (11 Upper Wilkie Road; 65-633...; www.wildrocket.com.sg) promises a lower-key experience at its hidden-away location within the residential maze of Mount Emily. Keep your eye out for an elegant, sprawling colonial mansion with a tranquil terrace out front. While the drinks selection is rather standard, there is an ambitious menu of bar food (the owner, Willin Low, is also the chef at the nearby Wild Rocket restaurant).

The most unlikely setting of all may be at KPO (1 Killiney Road; 65-6733-3648; www.imaginings.com.sg) in downtown Singapore, where a bar and lounge share space with an operating post office. During the day, KPO is a sleek cafe, but after dark, it fills with down-tempo beats and a mix of locals and tourists. A second floor also opens up at night, with a lovely open-air balcony where bar stools are arrayed to overlook the whizzing traffic below.

“KPO’s a great chill-out alternative to clubs and pubs,” said Vanessa Murthy, 31, while sharing drinks with a group of friends. “Singapore’s night life definitely offers a lot of variety nowadays.” Read the complete posting here http://travel.nytimes.com/2009/11/01/travel/01headsup.html

WHERE DID ALL THE TOMATOES GO HERE IN THE PHILIPPINES?

2009-10-26T03:33:00.000-07:00

The Philippines has suffered a terrible weather problem with almost continous rain or cloudiness for the past few weeks. But what I can't understand is why the buyers for SM, Robinsons, Ayala, Metro grocery stores can't find alternative suppliers for a temporary solution rather than having store shelves empty of red tomatoes. In USA the buyers find supplies all over the world to make sure they meet customer needs. What is problem here? If there is no stock in country then Taiwan, Australia, Thailand, New Zealand or even South Africa or Mexico or South America must have supplies that can be flown in to meet the lack here of so many different vegetables. If there is a source here in country it is not meeting the need for any I repeat ANY supermarket here in Cebu. I assume Manila stores are suffering similiar lack of supplies. The government should step in and relax the standards until the supplies return to normal and the buyers should use sources like I easily found by searching Australian tomatoes. The customers want tomatoes and other vegetables and I assume the buyers could find alternative sources until this crisis is resolve as we get all kinds of other offshore dry goods, why not tomatoes and other vegetables?

http://www.tomatoes-australia.com/

A model for SM, Ayala, Metro, Robinsons to design the website and open new franchise Aldais

2009-10-25T05:16:00.001-07:00

I often wonder why the stores here like Ayala, SM and Robinsons and lots of their tenants don't use the web more with most affluent shoppers here in the Philippines now having an active online surfing with places like facebook and even TV getting online. Setting up a website or blog is so cheap and easy to change or update if someone in authority made sure it happened. And customers would apprciate the ability to see complete lines of merchandise or specials for the week. One store in the USA and many parts of the world is Aldai and I wonder why they have not surfaced yet here in the Philippines as they would be excellent for small store locations with only limited items but quality at a low price.

The major malls and department stores should seek to better use the internet web sites and blogs to make better use of their large purchasing power and get online in a big way and possibly set up a new chain franchise with the Aldai chain. It is becoming very very popular in the States with low overhead with 2 or 3 employees handling a whole store. It would seem with people looking for a new viable franchise this would be an excellent service and money maker.

Regardless, the major department stores here need to examine their online presence as the world changes and customers demand new and cheaper ways to market such as Aldai does so well with emails to customers weekly, sales online, and a good layout that the stores here could follow. Even SM doesn't evan contact information anymore for each store online and their addresses and maps. I think it is a major oversite that SM, Ayala, Robinsons, Metro need to address rapidly. Read more how Aldai does it below. Lets have all the malls online with the same information here in the Philippines......

the ALDI way: incredible value every day.

http://www.aldi.us/us/html/sitemap_ENU_HTML.htm

The ALDI way of shopping has been continuously honed and refined since our first store opened in Southeastern Iowa in 1976. Committed to bringing food to customers at the lowest prices possible, our early stores set up shop in small spaces and introduced shoppers to the select-assortment concept, carrying only 500 select brand products. Compared with other supermarkets, our stores seemed tiny. But ALDI found a niche with Americans hungry for real value, and the chain grew rapidly.
Over time, more products were added, including more refrigerated and frozen foods. ALDI also began experimenting with Special Buy items, to great success. More recently, Sunday hours were instituted, and ALDI began accepting debit cards.
Today, there are over 1,000 ALDI stores in 29 states, from Kansas to the East Coast. And today’s ALDI store carries about 1,400 regularly-stocked items, including fresh meat, and, in certain locations, beer and wine. Though the original ALDI concept has been modified somewhat to accommodate our ever-changing tastes and preferences, the core concept remains: “Incredible Value Every Day.”

Get your special buys or promos by email
http://www.aldi.us/us/html/service/newsletter_ENU_HTML.htm?WT.mc_id=2009-10-23-16-54

Special buys

http://www.aldi.us/us/html/offers/offers_11_01_2009_ENU_HTML.htm?WT.z_src=main

Shopping smarter
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Store locator
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Index of web links for Aldais

store locator

All around the country, ALDI continues to grow!

Thanks to over 18 million loyal customers, ALDI is proud to be celebrating the opening of our 1,000th U.S. store! At a time when other retailers are cutting back and the recession is deepening, we continue to build new ALDI stores – now offering Incredible Value Every Day in 29 states nationwide. And this exciting 1,000th store in West Haven, Connecticut brings our common-sense solution to even more value-conscious consumers, just like you!
For over 30 years, ALDI has been offering grocery shoppers high quality products for a fraction of the cost – without having to buy in bulk. And now more than ever, we’re giving you more ways to save – without compromising quality! When you shop at ALDI, you can always count on finding products that are consistently equal to or better than the top national brands in quality and taste, for up to 50% less than at traditional grocery stores. And our Double Guarantee ensures it! In fact, you can find almost all of the items you need for your weekly shopping list at great ALDI prices every day – including staples like fresh produce, milk, bread and eggs. Helping you save an average of $115 a month on your family’s grocery bill!
Come see for yourself. Click here to find a store near you.

Or to get the full scoop on our 1,000th store, click here to read the press release.

SM, Ayala, Robinsons malls, Metro malls

Europe vows to liberate online shopping, what about shopping online in the Philippines?

2009-10-25T04:25:00.001-07:00

My comment: Here is the Philippines the merchants are losing a valuable opportunity to sell online as few do such a business. There is an increasing number getting online everyday and its a cheap way of advertising too. Even stores like CDR King which is always out of many items, would be an excellent candidate for such an expansion with pent up demand all over the country. And Island Souvenirs also does not seem to recognize the world wide potential of such world wide sales. And the Hong Merchants who sell on ebay should open a local stocking outlet since the non brand batteries cell batteries sold in country are mostly junk and don’t last good like the original brand and yet my experience from USA and Hong Kong batteries off brand, they are just as good and even if you can ever find any batteries in stock for your cell at CDRKing they are good not like the off brands sold at the stalls you find everywhere here in the Philippines. And there are lots of other items that would be easier to sell online with good delivery services like LBC, DHL and others here in country. Payment remains a sticking point so meet ups still might be the best way or payment after receipt like Globe is now offering although I don’t know how well it works. But if its a big reliable company it should be easy. Why not even sell LCD TVs online for local pickup from SM Appliances or Robinsons or Abensons?

Island Souvenirs http://philisland.wordpress.com/

CDRKing http://cdrkingph.blogspot.com/

SM Malls http://smmalls.blogspot.com/

Read the complete article here http://philippinestuff.wordpress.com/2009/10/25/europe-vows-to-liberate-online-shopping-what-about-shopping-online-in-the-philippines/

Great time for US consumers: America is on sale, take note SM, Ayala, Robinsons

2009-10-12T23:15:00.000-07:00

There has never been a better time to be a consumer. America is on sale. So not only bargains can be found in Philippines Bargains but also in the USA. Merchants here in Philipppines take note. LCD prices are still cheaper on sale in America but they are slowly coming down here in Philippines too.

Prices on everything from clothes to coffee to cat food are dropping, some faster than they have in half a century. Items rarely discounted — like Tiffany engagements rings — are now. The two biggest purchases most people make — homes and new cars — are selling at steep price reductions.

“This is the new normal,” says Donald Keprta, president of Dominick’s, a supermarket chain in the Midwest, which just cut prices by as much as 30 percent on thousands of items. “We aren’t going back.” Read the full complete article here http://www.gmanews.tv/story/173728/great-time-for-us-consumers-america-is-on-sale

Check out some Philippine buys on LCD tvs as low as 8,999
Makro has some good buys on LCDs but often run out of stock. Just click the link below and then click nonfood on the left and then use the next arrow on the top of the screen to scroll through the current offerings which change every two weeks. Currently as of Sunday October 4 they have a Matrix 22 inch LCD for 11,999 pesos and a 32 inch ChongHong LCD for 24,990 pesos which is cheaper than Robinsons and SM Appliance but I have seen them even cheaper at Makro so check their Makro mail online to see what the current offerings are click these links

http://www.makro.com.ph/files/makromail/makromail.html

LCD TV Best buys in the Philippines

Another LCD Best buy 32 inch Robinsons

SM Appliance LCD prices LOWER now towards mass appeal like USA prices

32 inch LCD at Makro and Asian Home 19,999

LCD TV 19 inch 9,999 Bargain Philippines

And in the USA 42 inch only 28,500 pesos

Dynex® - 42" Class / 1080p / 60Hz / LCD HDTV (click the title to see the ad) Our Price: $599.99 (28,500 pesos wow Best Buy in USA)

Wonder why if we are closer to Asia we can't even have a cheaper price?

Ayala Center Cebu

2009-10-10T21:49:00.000-07:00

Ayala Center Cebu
Next to Metro Manila, Cebu City is the largest and most progressive urban center in the country. Only 50 minutes away by plane, it is home to Ayala Center Cebu, the region’s shopping destination.

Ayala Center Cebu consistently attracts local and international visitors as it gives prime malling experience for people of all ages.

Ayala Center Cebu offers only the best shopping, dining, and entertainment experience complemented by the surrounding greenery. At the center of this development is a seamless indoor-outdoor garden experience that remains unmatched in Southern Philippines.

Address: Cebu Business Park, Cebu City
Number of Escalators: 26
Anchor Supermarkets: 2 (Metro Supermarket and Rustan’s Supermarket Fresh)
Department Stores: 2 (Metro Department Store and Rustan’s)
AWARDS:
• FINALIST, BEST SHOPPING CENTER OF THE YEAR (PHILIPPINE RETAILER’S
ASSOCIATION AND DEPARTMENT OF TRADE & INDUSTRY, 2002)

Currently Under Construction: The Leisure Oasis

Read the original posting here

http://www.cebudaily.com/townsandcities/cebu-city/ayala-center-cebu/

OVERVIEW

2009-10-10T21:43:00.001-07:00

Asia remains a vibrant trading hub and a choice investment arena for many international enterprises. Despite the volatile times brought about by threats of terrorism, geo-political issues and an economic slowdown in major western economies, Asia stands in good posture, as it grew an average of 6.5% over the last decade. Perhaps, the richness of her culture that inspired many indigenous and novel products and ideas, fuelled by a fast growing sophisticated consumer population, kept the wheels of her economy turning, retaining its allure as an investment destination particularly for global retailers.

At the heart of this trading hub lies the Philippines. Strategically located in South East Asia, it is a natural gateway to the East Asian economies. It is home to 80 million English-speaking, highly literate and avid Filipino consumers whose unparalleled zest for life is undiminished even during the hardest of times. It is no wonder that the Filipinos' choice greeting is Mabuhay!, a wish for "a long and full-life", fitting from a people who find every occasion a cause to celebrate.

The impact of domestic consumption to the nation's economy is reflective of the Filipinos' strong propensity to consume. Personal consumption expenditure comprises 70% of the country's GDP. In the past three years, Philippine GDP grew an average of nearly 4% annually, underpinned by a 4% growth in personal consumption. As such, the retail trade sector stands as a direct beneficiary of this pulsating consumerism. Retail trade accounts for about 11% of the domestic economy. For the past three years, it has been the top source of GNP growth at 0.6%, outpacing even growth contributions coming from telecommunications. Total retails space in Metro Manila is currently estimated at 34.7 million square feet and is expected to expand in the near term. Not suprisingly, in an article published in The Philippine Retail Sector Review. the country's retail sector was identified as "one of the fastest-growing industries today".

Apart from the Philippines' ideal location as a trading center in the region, its culture and demographics make it a veritable haven for local and international retailers alike.

	The Philippines has growing urbane and sophisticated consumer market fascinated by globally-known brands which continues to lure investors with foreign brand names, such as Marks & Spencer, Starbucks, Louis Vuitton and Hard Rock Café.
	There is steady expansion of private consumption with fast growing population. In Metro Manila alone, there is a potential 3.9 million shoppers who visit the malls at least once a week spending a minimum of 4 hours per visit.
	The Filipinos' love for food, zest for life and passion for entertainment continues to boost patronage for dining, entertainment and amusement facilities, with consumers making an average visit of two time a week.
	Filipinos are habitual mall goers with the mall serving as a virtual recreational ground for the entire family. "Malling", after all, is a favorite pastime.

All these make the Philippine retail industry one of the most buoyant sectors and local retailers have been quick to adapt by becoming more responsive to the market's clamorfor novel and superior quality goods and services. Moreover, the recent passage of the Retail Trade Liberalization Act, which eases restrictions on foreign ownership of retail establishments in the country, unleashes even bigger growth opportunities for Philippine retail operations.

http://www.ayalamalls.com.ph

Locations

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Just click the mall location to read more about that mall

Name	Address	Gross Floor Area
Glorietta	Ayala Center, Ayala Avenue corner Pasay Road, Makati Avenue and EDSA, Makati City, Metro Manila	250,000 m²
Greenbelt	Ayala Center, Paseo de Roxas corner Legaspi Street and Esperanza Street, Ayala Center, Makati City, Metro Manila	250,000 m²
Alabang Town Center	Alabang-Zapote Road corner Madrigal and Commerce Avenues, Alabang, Muntinlupa City, Metro Manila
Market! Market!	Carlos P. Garcia Avenue (C-5) corner 32nd Avenue, Fort Bonifacio, Taguig City, Metro Manila	170,000 m²
Bonifacio High Street	Bonifacio Global City, Fort Bonifacio, Taguig City, Metro Manila
Serendra	Bonifacio Global City, Fort Bonifacio, Taguig City, Metro Manila
Ayala Center Cebu	Cebu Business Park, Cebu City, Metro Cebu
TriNoma	EDSA corner North Avenue, North Triangle, Quezon City, Metro Manila	195,000 m²
Marquee Mall	NLEX, Angeles City, Pampanga	70,000 m²
Metro Point	Pasay Rotonda, EDSA cor. Taft Avenue, Pasay City, Metro Manila
Pavilion Mall	Old National Road corner Mamplasan Access Road, San Antonio, Biñan, Laguna

[edit] Minor Malls

Name	Address
Landmark	Makati Avenue, Ayala Center, Makati City, Metro Manila (also the name of the department store at TriNoma EDSA cor. North Avenue, Quezon City)
Park Square	Ayala Center, Hotel Drive cor. EDSA, Makati City, Metro Manila

Read the original posting here http://en.wikipedia.org/wiki/List_of_shopping_malls_in_the_Philippines#Ayala_Malls

Under development but check my other blogs at side

2009-10-10T21:23:00.001-07:00

Under development check my other blogs at side