MANILA, Philippines — The country’s inflation rate quickened to a three-year high in October, driven largely by higher fuel and food prices as well as the weaker peso, the Philippine Statistics Authority (PSA) reported yesterday. Inflation, the movement of prices of basic goods and services, accelerated to 3.5 percent in October, higher than the 2.3 […]
Read MoreMANILA, Philippines — The Philippine automotive industry is showing no signs of slowing down as it continues to be among the top performing sales and production markets in Southeast Asia in the first three quarters. Latest data from the ASEAN Automotive Federation showed vehicle sales and production in the Philippines posted the second fastest growth […]
Read MoreONLINE shopping platform Lazada is optimistic that the Philippines will be one of the top e-commerce countries in the world because of the huge number of Filipinos who actively use social media, a company executive said on Monday. Inanc Balci, Lazada co-founder and chief executive officer, said the local e-commerce industry has an advantage in […]
Read MoreMANILA, Philippines — The Department of Finance (DOF) said yesterday inflation likely accelerated to 3.5 percent in October, the highest in almost three years, due mainly to higher prices of utilities. Finance Undersecretary Gil Beltran said the inflation rate likely rose to 3.5 percent in October, higher than the 3.4 percent growth a month ago […]
Read MoreMANILA, Philippines — The country’s aggregate exports of goods and services are likely to surge at least 10 percent this year after a flat turnout in 2016, trade officials said. The forecast growth, which is way higher than the original target, is on the back of the continued recovery of foreign markets, export officials from […]
Read MoreMANILA, Philippines — The Philippines is expected to become the top e-commerce market in Southeast Asia as early as 2020 – a not so welcome development for Filipino malls and retail stores as this could spell doom for their operations. The Philippine e-commerce industry, valued at over $1 billion, is expected to grow exponentially in […]
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