Go Negosyo founder Joey Concepcion believes that not only will there be higher consumer spending this coming Christmas season, but it will even be bigger compared to last year. (MB file photo) During the Bagong Pilipinas Ngayon briefing on Wednesday, Nov. 20, Concepcion touted...
The drop in Philippine inflation reflects weaker demand as consumers' pockets hurt by high prices and interest rates dry up, according to Deutsche Bank Research. Citing the over four-year low headline rate, Deutsche Bank's economist for the Philippines Junjie Huang said in an Oct. 4 report that "if...
Amid elevated consumer prices and slowing economic expansion, many Filipinos are holding back from spending their hard-earned money, resulting in the lowest private consumption growth rate since 2010 during a non-pandemic period, according to the think tank Oxford Economics. "The main culprit is...
Majority of Filipinos (52%) will be tightening the purse strings this Christmas, which could push holiday sales substantially lower, a survey said. According to new research by global financial comparison website Finder.com, 52 percent of Filipinos aged 18 and above – equivalent to 35.5 million...