Philippine Q3 Consumer Spending Flat Amid Price Pressures, Weak Jobs Market: Visa
Economy

Philippine Q3 Consumer Spending Flat Amid Price Pressures, Weak Jobs Market: Visa

Philippine consumer spending in the third quarter remained largely flat compared to the previous quarter, as inflation and a weak job market weighed on household budgets, according to a Visa report. This contrasts with the broader trend in emerging East Asia.

Read up to 3 eligible full articles per Japan day (JST) for free

Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.

  • PSEi rebounds 2.13% as investors snap up bargains amid peso slide

    Philippine stocks snapped a three-day losing streak, rebounding on Tuesday as investors bought battered shares, supported by a recovery in regional markets. The PSEi climbed 2.13 percent to close at 5,761.19, despite the peso’s slide past P64 against the dollar.

  • Philippine peso breaches 64:$ for first time, hits new record low

    The Philippine peso weakened past 64:$ for the first time on Tuesday, hitting a new record low as economic uncertainty and external pressures weighed on the local unit. This development reflects the country's economic conditions and global financial market trends.

  • Peso Breaches 64 to Dollar, Fueling Consumer Price Concerns

    The Philippine peso has fallen past the 64-per-dollar mark for the first time, hitting a new record low and raising concerns about rising prices for electricity, fuel, and other imports, which will impact household budgets. The government is considering countermeasures.

  • PTI Calls for Stronger Action Against Illicit Cigarettes in Mindanao

    The Philippine Tobacco Institute (PTI) is urging for intensified enforcement against illicit cigarettes, particularly in Mindanao. Despite a recent study indicating a decline in the share of illegal cigarette packs, the industry association highlights persistent challenges and uneven progress in combating the trade.