The Swedish furniture retailer’s Cebu branch — set to be officially revealed on Wednesday, Jun 10, 2026, with the mall’s target opening date — will mark its first store in the Visayas, expanding its footprint beyond Metro Manila and giving consumers in Central Philippines easier access to its products and services.
The opening marks the comeback of one of the world’s most recognizable luxury hospitality brands to Makati, more than a decade after the original Mandarin Oriental Manila closed in 2014. It also comes after a lengthy six-year delay, with the project having been previously expected to open much earlier before pandemic-related disruptions and shifting development timelines pushed back its completion.
As consumers increasingly seek ways to balance larger purchases with everyday expenses, financial institutions are expanding tools that offer greater flexibility in managing repayments.
Philippine Airlines (PAL) has launched a zero-interest installment program for domestic travelers, giving passengers a new way to spread out the cost of airfare as demand for local tourism remains strong.
Empire East Land Holdings Inc. said most buyers in its core mid-income market are purchasing homes for long-term use rather than investment, making rental yields a less important factor in buying decisions.
Philippine small and medium-sized enterprises (SMEs) can now get and use a business prepaid card in less than five minutes without visiting a bank branch or maintaining a bank account, as Mastercard, PayMongo, and Paymentology introduce a new virtual payment solution aimed at expanding financial access.
The Aboitiz Group is accelerating the integration of sustainability into core business decisions as it positions environmental, social, and governance (ESG) performance as a driver of long-term competitiveness, investor confidence, and growth.
Philippine economic zones are stepping up efforts to strengthen energy resilience as industrial power demand continues to rise, with Schneider Electric and the Philippine Economic Zone Authority (Peza) advancing measures aimed at reducing dependence on fossil fuels and improving long-term sustainability.