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7-Eleven opens 4,000th store in PH

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Philippine Seven Corporation (PSC), the exclusive licensee of 7-Eleven in the Philippines, marked an extraordinary milestone with the grand opening of its 4,000th store in Newport District, Pasay City, celebrating four decades of being beloved fixture with Filipinos. From its humble beginnings to becoming a beloved nationwide icon, PSC continues to bring convenience and comfort to its customers every day.

The journey began on February 29, 1984, when PSC opened its first 7-Eleven store at the corner of EDSA and Kamias Road in Metro Manila.  Amid the hustle and bustle of the city, the store’s vibrant orange, green, and red façade quickly drew attention.  What began as a modest outlet quickly turned into a staple of daily life, with phrase “Tara, 7-Eleven tayo!” becoming a popular call for a quick stop to grab a snack or drink.

Fast forward to 2024, 40 years later and PSC has expanded to 4000 stores nationwide, remaining committed to “being the Filipinos’ neighbor you can count on”, words of our founder, the late Mr. Vicente T. Paterno, still ringing true today.

The legacy of PSC’s leadership continues on in Mr. Jose Victor Paterno, President and CEO, as he continues the work started by his late father.  “Celebrating 40 years in the Philippines and opening our 4000th store is a significant achievement for us.  It underscores our commitment to delivering convenience and exceptional service.  We’re excited to keep serving our communities and look forward to the future”, he says.  The family’s dedication to the company has played a pivotal role in the brand’s growth and success over the decades.

Co-founder and now Chairman of the Board Mr. Jose T. Pardo, praised: “Reaching 4000 stores is an incredible milestone that reflects the trust and loyalty we’ve earned from our customers over the years.  It’s also a tribute to the hard work and dedication of our team.  We are proud to continue being an integral part of Filipino daily life.”

To commemorate this, PSC has launched a year-long campaign “Forty-gether kasama ang paborito mong kapitbahay”.  This highlights the brand’s journey from a single store to a nationwide presence and reinforces its role as a cherished neighborhood companion.

In addition to the 4000th store in Newport, PSC is excited for the opening of another new store in Angeles City, Pampanga, also on October 15.

Through this branch, PSC continues to expand its 21 To Go chicken and Café Reserve brands.  Aside from upgraded store features and expansive dining spaces, this store utilizes renewable and sustainable energy with the use of solar panels as part of PSC’s efforts towards more sustainable and environmentally friendly store practices.

As 7-Eleven celebrates 40 years, it recognizes the countless moments and connections forged with its thousands of branches.  From Slurpee runs to late-night cravings, 7-Eleven remains the neighbor you can count on-a trusted friend in every Filipino’s daily life, blending convenience with a warm sense of familiarity.

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Manulife Wealth and Asset Management appoints Fabio Fontainha as Head of Asia

Fabio will be a member of the Manulife WAM leadership team and Manulife’s Global Leadership Team (GLT). He will be based in Hong Kong and report to Paul Lorentz and will also have accountability into Phil Witherington, President and CEO, Manulife Asia.

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Manulife Wealth and Asset Management (Manulife WAM), the global wealth and asset management business of Manulife that brings investment solutions to institutional, retirement, and retail customers across the globe, has announced Fabio Fontainha as its new Head of Wealth & Asset Management, Asia, effective February 2025. Fabio succeeds Michael Dommermuth, who is leaving the firm at the end of the year.

“We are excited for Fabio to build on the momentum that has been growing for Manulife Wealth and Asset Management in Asia as we look to provide wealth and investment solutions to even more investors. We believe his expertise in key areas of focus for our business will make his transition into the role feel tangible almost immediately,” said Paul Lorentz, President and CEO, Manulife Wealth and Asset Management. “We are also appreciative of Michael’s commitment to our firm and the impact he has had on our expansion in multiple markets over more than two decades, ranging from multiple emerging Asia markets including India, as well as the conversion of our joint venture in China into a wholly-owned entity in Manulife Fund Management. We are grateful for his leadership that has provided broader capabilities to our clients across Asia.”

Fabio will be a member of the Manulife WAM leadership team and Manulife’s Global Leadership Team (GLT). He will be based in Hong Kong and report to Paul Lorentz and will also have accountability into Phil Witherington, President and CEO, Manulife Asia.

Fabio will collaborate closely with all country and regional heads, chief investment officers, and global product teams to deliver investment capabilities for the region. He will also drive Manulife WAM’s strategic growth plans locally and provide local oversight to the retail, retirement and institutional businesses, partner closely with local functional heads, and serve as a touch point for teams working on strategic initiatives throughout Asia.

Fabio was previously at Citigroup where he had an extensive career spanning more than three decades including experience with consumer and private wealth, as well as retail markets. He has also lived and worked in Tokyo, Singapore, and Kuala Lumpur during this time. He most recently served as Global Business Execution Head – Citi Private Bank. Throughout his career he has managed global, regional, and local businesses in Asia, Latin America, Europe, the United States, and the Middle East with various mandates including Head of Retail Banking for Citi across APAC (Asia Pacific) and EMEA (Europe Middle East Africa).

“I’m delighted to be joining Manulife WAM at a significant inflection point in their business. I have been privileged to see the expansion and growth in Asia throughout my career and admire the progress and the commitment Manulife WAM has made to serve its clients in the region,” said Fabio. “I am looking forward to bringing my knowledge and expertise to this role and help to meet the goals of our institutional, retail and retirement clients.”

Manulife WAM believes its business will see additional organic growth opportunities as a result of prevalent global megatrends including the retirement savings gap, increased longevity and the need for individuals to prepare for potentially spending additional years – or even decades – in retirement compared to previous generations, and the anticipated demand from both the middle class and high net-worth populations who are seeking additional solutions to save and invest and new strategies to diversify their portfolios.

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PhilCare members can now access Healthway’s full-service offerings

This development comes on the heels of a recent partnership that allows PhilCare members to receive leading-edge, holistic, and affordable cancer treatment via the Healthway Cancer Care Hospital (HCCH).

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PhilCare, one of the country’s top HMO providers, has entered into a partnership with Healthway Multi-Specialty Centers (HMC), the clinic arm of Healthway Medical Network (HMN), to provide its members access to their full suite of services, from diagnostics to primary care.

This development comes on the heels of a recent partnership that allows PhilCare members to receive leading-edge, holistic, and affordable cancer treatment via the Healthway Cancer Care Hospital (HCCH).

“We are excited to be joining forces with PhilCare as they are aligned with our entire care continuum model that starts from screening, diagnosis, and treatment, all the way to post-recovery. We’re happy that their members can now access our multi-specialty clinics and hospitals located all over the Philippines,” said Mr. Jaime Ysmael, Healthway Medical Network President and CEO.

“Our Healthway Multi-Specialty Centers are very eager to develop special programs and packages for PhilCare members, as well as to deliver high-quality care to them in the most efficient way possible. I am certain that the partnership will expand to other exciting mutually beneficial initiatives,” Mr. Ysmael continued.

According to PhilCare Executive Vice President for Operations Raymond Tiangco, the partnership is a testament to the alignment of the goals, mission, and vision of PhilCare and Healthway Medical Network, through its Multi-Speciatly Centers, to provide quality care to the Filipinos – and this sets his company apart from the rest of the market.

“Unlike other HMOs that are putting up their own clinics, PhilCare has a different plan,” he added. “We intend to partner with experts. And there is no more premium brand than Healthway when it comes to delivering healthcare services.”

Healthway Multi-Specialty Centers COO Edwin Magsino said that HMC is happy to become the go-to provider of PhilCare members for essential healthcare needs. He is confident that the partnership will satisfy the needs of many people—from their entry to the clinic all the way to their availment of HMC services.

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Watson boosts global expansion, unveils 16,800th store worldwide

This store was opened in Rotterdam, marking a remarkable milestone in AS Watson’s ongoing expansion and its commitment to delivering a seamless and exceptional O+O (Offline plus Online) customer experience.

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As Watson, the parent company of Watsons Philippines, announced the grand opening of its 16,800th store worldwide, further consolidating its position as the world’s largest international health and beauty retailer, with a portfolio of 12 brands operating across 29 markets. This store was opened in Rotterdam, marking a remarkable milestone in AS Watson’s ongoing expansion and its commitment to delivering a seamless and exceptional O+O (Offline plus Online) customer experience.

Dr. Malina Ngai, Group CEO of AS Watson, expressed her excitement at the store opening ceremony, “The opening of our 16,800th store represents more than our growth as a company – it symbolises our commitment to serving the communities worldwide. With every store we open, we create jobs, foster customer relationships, and build lasting trust.”

“16,800 is a number with special meaning in Chinese culture. The number 6 symbolises ‘everything goes smoothly’ while 8 represents ‘good fortune’. We embrace the special meaning of this milestone and look forward to a future of lasting success and prosperity, not only for our business growth but also in extending these best wishes for a brighter future for the world during this festive Christmas season,” Malina added.

Commitment to Continuous Growth

Ed van de Weerd, CEO of AS Watson Benelux, remarked, “We’re honoured that AS Watson’s 16,800th store worldwide opens in vibrant Rotterdam, demonstrating AS Watson’s steadfast commitment to growth in the Benelux region and globally. As the No. 1 health and beauty retailer in the Netherlands, Kruidvat serves its customers with nearly 1,000 O+O stores and over 24,000 passionate colleagues and has become an integral part of many Dutch people’s lives.”

The brand-new store will serve over 11,000 customers every week. As one of the largest Kruidvat stores, it spans over 770 square meters and is designed to enhance O+O shopping experience with clear in-store navigation. The store offers an extensive assortment of over 36,000 products, making it the largest selection among all Kruidvat stores.

Watsons Philippines operates in over 1,100 stores nationwide, reflecting its commitment to bringing health, wellness, and beauty closer to every Filipino. Enhancing this experience is the Watsons app, which provides customers access to exclusive deals, personalized recommendations, and convenient services such as Click & Collect and home delivery.

Looking ahead, AS Watson remains committed to innovation and excellence in customer experience, and will continue its growth journey with the purpose of putting a smile on the customers’ faces today and tomorrow. 

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