Philippine inflation decelerated to 1.8 percent in March, its slowest pace since the 1.6 percent registered in May 2020 when the economic activities was challenged by the COVID-19 pandemic-related lockdowns. This decline, down from 2.1 percent in February, was largely driven by lower food prices, particularly rice, which saw a significant annual decrease.
Filinvest Land, Inc. said its mall business continued to strengthen in the first quarter, with leasing revenues climbing 17 percent year-on-year to P744 million as higher tenant occupancy and stronger consumer traffic boosted recurring income.
The Philippines is drawing renewed investment interest from Chinese companies involved in electric vehicles (EVs), renewable energy, manufacturing and telecommunications infrastructure, according to Trade Secretary Cristina Roque.
The government is seeking to expand the P2-billion financing pool for a program helping public transport operators transition to electric vehicles (EVs), as demand grows among transport groups and delivery riders looking for cleaner and more cost-efficient mobility options.