Philippine Consuming Class to Reach 71 Million by 2030
The Philippine consuming class is projected to reach 71 million by 2030. However, in the Fast-Moving Consumer Goods (FMCG) sector, consumers are expected to prioritize functional products that genuinely improve their lives while also seeking savings.
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.
Related articles
- Speaker rejects corruption claims in budget process
Speaker Faustino Dy III has vehemently denied allegations of corruption surrounding insertions in the 2027 national budget, emphasizing transparency and openness to public scrutiny in the legislative process.
- Philippine Stocks Rise, Peso Reclaims ₱62/$1 as Oil Prices Drop
Philippine stocks continued their rally, boosted by falling oil prices and a strengthening peso. The US midterm election outcome also contributed to positive investor sentiment. The peso closed at ₱62.97 to the dollar, its strongest in about a month.
- Philippines Inflation Surges to 7.8% in October Amid Soaring Energy and Transport Costs
Inflation in the Philippines surged to 7.8% in October, the fastest pace in nearly four years, primarily driven by soaring energy and transport costs. This rise is expected to further erode household purchasing power, prompting the government to enhance agricultural support measures.
- BIR has no record proving Mans Carpio sold Cale88 shares, says Barbers
Former Rep. Robert Ace Barbers stated that the Bureau of Internal Revenue (BIR) has no tax clearance to prove lawyer Manases Carpio, husband of VP Sara Duterte, transferred his alleged shares in Cale88 Foods Corp. This challenges claims of his divestment from the company.