PHILIPPINE Seven Corp. (PSC), the local licensee of convenience store network 7-Eleven, is spending P4.5 billion this year to open 450 new stores across the country.
PHILIPPINE Seven Corp. , the local licensee of convenience store network 7-Eleven , is spending P4.5 billion this year to open 450 new stores across the country.'The total capital expenditures to support the 450 new stores of this year would be around P4 billion to P4.
The company's president and chief executive officer, Jose Victor Paterno, said local banks had also tapped PSC's store network by putting up their own ATMs, enabling customers to deposit cash and get credit in real-time for their purchases and payments.'o be clear, this is run by PAPI , which is an affiliate of Seven Bank of Japan, a really old affiliate,' Paterno said. 'And, yes, they are always, they have been knocking on the doors of all banks.
PH To Spend P4.5B For New Stores
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