^

Business

Foreign retailers prefer China over RP — Claudio

- Marianne V. Go -
The Philippines is losing out to China in terms of attractiveness to foreign retailers because of the equity restriction under the Retail Trade Liberalization Law, Roberto Claudio, president of the Philippine Retailers Association, disclosed yesterday.

While the local retail market is still being eyed by foreign retailers, Claudio said some of them, especially the big ones, may be holding off on entering the local market as they wait for the expiration of the 60 percent equity restriction under the Retail Trade Liberalization Law on March 25 this year.

Foreign retailer Wal-Mart, for example, according to Claudio, is set to put up 200 retail outlets in China.

In the Philippines, Wal-Mart is still in the exploratory stage.

He pointed out that a number of small foreign retailers are quietly entering the Philippines. But because there is no government monitoring on the entry of small foreign retailers, only the entry of big foreign retailers are noted.

These include S &R Price, Orkam, Watson’s and McDonalds.

S&R Price and Orkam have full ownership, while Watson’s and McDonalds have entered through joint ventures.

vuukle comment

CLAUDIO

FOREIGN

IN THE PHILIPPINES

ORKAM

PHILIPPINE RETAILERS ASSOCIATION

R PRICE

R PRICE AND ORKAM

RETAIL TRADE LIBERALIZATION LAW

RETAILERS

ROBERTO CLAUDIO

WAL-MART

  • Latest
  • Trending
Latest
Latest
abtest
Are you sure you want to log out?
X
Login

Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

Get Updated:

Signup for the News Round now

FORGOT PASSWORD?
SIGN IN
or sign in with