MANILA, Philippines — The Philippine food and beverage (F&B) retail sector is projected to expand by six percent this year as the economy continues to reopen, according to the United States Department of Agriculture (USDA). In a report, the USDA’s Foreign Agricultural Service (FAS) said it expects a six percent sales growth in the Philippines’ […]
Read MoreMANILA, Philippines — Philippine retailers remain hopeful of the industry’s recovery despite external factors that may affect operations. “So far the outlook this year is positive,” Philippine Retailers Association (PRA) president Rosemarie Bosch-Ong told reporters in an interview. She referred to first quarter figures from the Philippine Statistics Authority (PSA), which showed that retail trade […]
Read MoreApparently, most Filipinos are back to what they love to do most: malling and eating out. After months of restraint, even despite weekly warnings of rising COVID-19 cases, malls are teeming with families while restaurants are packed with diners. This sudden surge in consumer demand, as expected, creates its own little kinks. First, it was […]
Read MoreHighest in 4 months MANILA, Philippines — The net inflow of foreign direct investments (FDI) jumped by 48.3 percent to hit a four-month high of $989 million in April from $667 million in the same month last year as the country posted a stronger-than-expected economic growth in the first quarter. This was the highest since […]
Read MoreMANILA, Philippines — Foreign direct investments expanded in April, due in part to the economy’s reopening back then but an analyst expects some slowdown as headwinds emerged in past months. What’s new Data from the Bangko Sentral ng Pilipinas released Monday revealed FDIs recorded a net inflow of $989 million in April, up 48.3% year-on-year. […]
Read MoreMANILA, Philippines — Data and analytics company GlobalData has trimmed its forecast for Philippine economic growth this year, but the country is expected to be among the fastest growing economies in the Asia Pacific (APAC) region. In a statement, GlobalData said the Philippine economy is expected to expand by 6.7 percent this year. Earlier, GlobalData […]
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