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Philippine F&B sector may expand 6% this year

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’ […]

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Philippine retailers hopeful of recovery

MANILA, 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 […]

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GlobalData scales down 2022 Philippine growth forecast

MANILA, 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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