Although still at single-digit growth, local retailers expect full recovery this year as cooling inflation is driving consumption.
Ong said that the recovery in the retail sector is largely driven by the resiliency of Filipino consumers that ultimately drive-up consumption. Although some sectors are experiencing a tapering of growth and not robust as 2022 because of base effects, Ong said that there is still organic growth in most sectors.
She noted that the mobility restrictions during the pandemic period have resulted in revenge activities like home renovations. The full reopening this year of the domestic economy also enabled Filipinos to catch up on their delayed travel plans. Samie Lim – PRA Chairman Emeritus and Blims lifestyle Group Chairman; Rosemarie B. Ong – PRA President and Wilcon Depot Inc. SEVP-COO; Joey Concepcion – Go Negosyo Founder; Paul A. Santos – PRA Chairman and Picture City President; Ma. Alegria Sibal Limjoco – PRA Vice Chairperson and Central Books Director; Soccorro R. Bautista – PRA Director and Blooming Ventures Inc. President; Mars C. Chua – PRA Vice Chairman and Sportshouse Int’l. Leisure, Inc. President; Lorenzo C.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pasig LGU forges ties with JICA, INFIC to boost local elderly care servicesThe Pasig City local government partnered with the Japan International Cooperation Agency (JICA) Philippines and INFIC Inc., to introduce and develop a “Japanese-style care system” for the city’s elderly population. ManilaBulletin
Source: manilabulletin - 🏆 25. / 51 Read more »
SM LAUDS LOCAL ARTISTRY WITH BUNTAL FESTIVAL, ART EXHIBIT | BusinessMirrorWith a few days left before Independence, SM City Baliwag pays homage to the province’s rich art and culture. Taking the spotlight is no less than Baliwag’s celebrated Buntal Festival as well as a unique showcase of Bulacan visual arts in the 'ReGeneration' Traveling Art Exhibit. Celebrating Baliwagenyos excellent craftsmanship,…
Source: BusinessMirror - 🏆 19. / 59 Read more »
CSC announces list of testing centers, issues reminders for Local Treasury Exam on June 11The Civil Service Commission (CSC) announced on Thursday, June 8, that the list of testing centers and school assignments in relation to the conduct of the Basic Competency on Local Treasury Examination (BCLTE) set on June 11 can now be accessed online.
Source: manilabulletin - 🏆 25. / 51 Read more »
Bicol, Calabarzon asked to intensify monitoring, coordination with local disaster units amid restive Mayon, TaalTHE Office of Civil Defense (OCD) has issued a memorandum to its office in the Bicol and Calabarzon regions to heighten their monitoring and close coordination with the local Disaster Risk Reduction and Management Councils amid the Alert Level 3 raised in Mayon Volcano and the low-level unrest of Taal Volcano.
Source: TheManilaTimes - 🏆 2. / 92 Read more »
EXPLAINER: Can Mayor Bullet Jalosjos concurrently work as TAPE executive?The Local Government Code prohibits local officials from practicing their profession or engaging in any occupation while in public service. When does it apply?
Source: rapplerdotcom - 🏆 4. / 86 Read more »
Indonesia's Anak Krakatau volcano erupts twice, spewing big ash cloudThe volcano erupted at 7.46 am local time on Friday then again 62 minutes later.
Source: rapplerdotcom - 🏆 4. / 86 Read more »