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Revenge spending to extend into 2023

(This is the second of a two-part property market outlook by Colliers Philippines) MALL OPERATORS should brace for more foreign and local retailers as consumer confidence and foot traffic pick up this year.    Major mall developers have been reporting that consumer traffic has now reached between 85%-95% of pre-COVID levels in the third quarter of 2022 from only 40% a year ago....

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BSP sees 7.1-7.9% inflation in Oct.

INFLATION may accelerate as much as 7.9% in October, driven by rising food prices, higher transport fares and the peso depreciation, the Bangko Sentral ng Pilipinas (BSP) said on Monday. “The BSP projects October 2022 inflation to settle within the range of 7.1% to 7.9%,” it said in a statement.      If realized, October inflation would exceed the central bank&rsqu...

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