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Biz leaders 'cautiously' optimistic on economic outlook this 2023

Biz leaders cautiously optimistic on economic outlook this 2023 ....

Kelie Ko , Michael Kempf , Jay Yuvallos , Anthony Gerard Leuterio , Mandaue Chamber , Philippine Retail Association , Cebu International Airport , Charles Kenneth Co , Cebu Chamber , Philippine Institute For Development Studies , Department Of Tourism , Appleone Properties , Philippine Institute , Development Studies , Global Headwinds , Mactan Cebu International Airport , Ray Go Manigsaca , Sheraton Cebu Mactan Resort , Sheraton Cebu Mactan , Dusit Thani Mactan Cebu , Philippine Retail Association Cebu Chapter ,

MSMEs welcome planned tax relief by Cebu gov't

MSMEs welcome planned tax relief by Cebu gov’t ....

Philippines General , Steven Yu , Odette Rai , Rey Calooy , Cebuano Business Club Inc , Mandaue Chamber , Philippine Retail Association , Cebu City Government , Filipino Cebuano Business Club Inc , Regional Tripartite Wages , Productivity Board , Wage Order , Philippine Retail Association Cebu Chapter , Typhoon Odette , Gov T ,

Strong spending seen, but cautious optimism in 2022

Strong spending seen, but cautious optimism in 2022 ....

Philippine Retail Association , Colliers International Philippines , Philippine Retail ,

Election season, continued recovery to drive economic growth in 2022

Election season, continued recovery to drive economic growth in 2022 ....

United Arab Emirates , North Korea , Benjamin Diokno , Steven Yu , Alfred Reyes , Bangko Sentral , Rey Calooy , Cebuano Business Club Inc , Mandaue Chamber , Philippine Retail Association , Restaurant Association Of Cebu , Development Budget Coordination Committee , Asian Development Bank , Typhoon Odette , Kelly Bird , Filipino Cebuano Business Club , Restaurant Association , Philippine Retail ,

Recovery of the Philippine retail industry: Softening the blow – The Manila Times

In its latest Philippine Economic Update, the World Bank said the country’s economy could contract by as much as 8.1 percent this year. Although the figure was an unfortunate downward revision from its earlier projection in October, it was still better than the government’s forecast of a 8.5-percent to 9.5-percent GDP contraction. The latest forecast came on the back of expectations that the Covid-19 pandemic’s impact would worsen, lockdown measures, and the country’s first recession since 1991.
Although the overall economic outlook looked rather grim, recent research shows that there might be hope for the retail industry if the global health crisis’ effects are curbed. Colliers projected in a study that retail vacancy would rise to 12 percent in 2020 from 9.8 percent in 2019. In March, mall operators reported a 10-percent drop in sales and fashion retailers saw a 20-percent decline, according to a survey by the Philippine Retail Association. These numbers resulted f ....

Philippine Retail Association , World Bank , Philippine Economic Update , Philippine Retail , பிலிப்பைன் சில்லறை சங்கம் , உலகம் வங்கி , பிலிப்பைன் பொருளாதார புதுப்பிப்பு , பிலிப்பைன் சில்லறை ,