The Asian Development Bank (ADB) has lowered its inflation forecast for the Philippines due to moderating price pressures, particularly in food and core inflation. In its latest Asian Development Outlook (ADO) report, the Manila-based multilateral institution revised its inflation forecast for the...
Rising prices of pork and chicken during the holiday season, coupled with the continued impact of African Swine Fever (ASF), drove up the Philippines’ inflation rate in November, the Philippine Statistics Authority (PSA) reported. National Statistician and PSA Undersecretary Claire Dennis S. Mapa...
MerryMart Consumer Corp. will be conducting its annual meeting of stockholders on December 16, 2024, Monday, at 3:30 P.M. through remote communication via Zoom. The link will be provided at least three (3) days prior to the meeting....
MerryMart Consumer Corp. will be holding its annual meeting of stockholders on December 16, 2024, Monday, at 3:30 P.M. through remote communication via Zoom. The link will be provided at least three (3) days prior to the meeting. Registration for...
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...
Ikano Retail, the parent company of IKEA Philippines, reported a modest decline in revenues due to rising consumers prices. Christian Roejkjaer, Ikano Retail chief executive officer, said the company closed its financial year ending Aug. 31 in the Philippines with a turnover of EUR141 million...
By DERCO ROSAL UK-based banking giant HSBC announced that the battle to control surging inflation in the country has been won. “We think the BSP's [Bangko Sentral ng Pilipinas] inflation battle is finally over,” the bank stated, following the sharp decline in inflation in September. HSBC...
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...
As inflation slid to its lowest level in four years, the Philippines' chief economist is looking forward to more Filipinos lifted out of poverty. "With inflation dropping from its high levels last year and early this year, together with the continuing robust labor market, we expect poverty to...
After this week’s first Commission meeting under Officer-in-Charge Chairperson and CEO Jesse Hermogenes Andres, the Energy Regulatory Commission (ERC) has agreed to expedite approvals of the certificates of compliance (COCs) or the licenses needed by new power plants to start generating...
The rate of increase in consumer prices likely slowed to its lowest level since October 2020, with forecasts indicating a decline to 2.5 percent for September, from 3.3 percent in August. Stefan Angrick, Moody’s Analytics senior economist, explained that the significant decrease in inflation is...
Inflation likely further slid to 2.9 percent in September as oil and rice price hikes eased, according to Dutch financial giant ING. "The Philippines' small decline in rice prices in September and lower transport fuel prices will have been offset by increases in fruits and vegetables and some other...
