Philippine Retailing Newsletters 2018 PRA Newsletter 2018 Q1

OFFICIAL PUBLICATION OF THE PHILIPPINE RETAILERS ASSOCIATION PHILIPPINE WWW.PHILRETAILERS.COM 1ST QUARTER 2018 PRA honors PH’s retail icons Twelve of the biggest and pioneering names in the retail industry who had been recognized by the Philippine Retailers Association (PRA) over the years during its Outstanding Filipino Retailers (OFR) Awards as PRA President’s Awardees were ​ honored during the launch of PRA’s commemorative ​ 40th anniversary ​publication. ​ he honorees or their family members gathered together last February 27 at the T Makati Shangri-La Hotel as the PRA unveiled the coffee table book “Legends, Lives, and Legacies.” 3 major malls introduce cashless payments page 3 Surviving the retail revolution: 2018 will be a wild ride page 4 India relaxes FDI rules page 9 The publication highlights the success stories PRA President’s Awardees including: Mr. Henry Sy Sr. as the Father of Philippine Retailing Mr. Fernando Zobel de Ayala as the Pillar of Philippine Retail Development Mr. Jorge Araneta as the Pioneer of Philippine Retail Entertainment Ms. Socorro Ramos as the Matriarch of Philippine Retail Mr. John Gokongwei Jr. as the Champion of Retail Entrepreneurship Amb. Bienvenido Tantoco Sr. as the Father of Luxury Retailing Mr. Mariano Que as the Father of Health and Wellness Retailing Mr. Samie Lim as the Pillar of Philippine Franchising page 2 PRA to help HS students gain internship in retail The Philippine Retailers Association, led by President Atty. Paul A. Santos and PRA chairman Lorenzo C. Formoso sealed a partnership with the Phoenix Publishing House (PPH) Foundation to help senior high school students acquire work immersion training from PRA member-retailers. The Work Immersion Program is part of the K-12 program of the Department of Education to help page 2