PHL imports, consumption of distilled spirits seen returning to pre-pandemic levels by 2023

PHILIPPINE imports and consumption of distilled spirits are expected to return to pre-pandemic levels as pandemic restrictions ease, the Global Agricultural Information Network (GAIN) said in a report. “Prospects for growth are exceptionally bright due to the country’s young, fast growing, and highly urbanized population, the strong presence of premium US brands, and the proliferation […]

Pagasa: Expect ‘ugly’ weather in Cebu on September 26

CEBU and other provinces in the Visayas on Monday, Sept. 26, 2022 will be cloudy with chances of light to moderate rains and occasional heavy rains as well as thunderstorms, particularly in the afternoon and evening due to the prevailing southwest monsoon (habagat),according to an official of the Philippine Atmospheric, Geophysical and Astronomical Services Administration […]

Tropical depression Florita to bring heavy rains in central, northern Luzon 

TROPICAL depression Florita is expected to bring heavy to intense rains in the eastern side of central and northern Luzon, the Philippine’s northern mainland, starting late Monday to Tuesday evening, state weather bureau PAGASA said on Sunday.   Florita, the 6th typhoon to enter the country this year, is seen to intensify into tropical storm category […]

Christmas spending expected to top P37,000 per household

HOUSEHOLDS are expected to spend about P37,106 each to celebrate Christmas, according to a study conducted by a remittance company. The Philippines’ estimated Christmas spend is eighth-largest among 15 economies surveyed by WorldRemit. “Christmas celebrations begin as early as September and extend until January in the Philippines, making it challenging for many families to afford the […]

Southeast Asia faces long road back to previous growth — survey

The prolonged COVID-19 pandemic is clouding economic projections for Southeast Asia, with most countries not expected to return to pre-pandemic growth levels for several years.  The Philippines will see the largest decline in average annual gross domestic product growth in the three years ending 2022 — more than five percentage points — compared to 2019, […]