Inflation & Prices
Philippines Hasn’t Seen Worst of Inflation, Top Mall Owner Says
- Philippines still in ‘high inflation stage’, Sy-Coson says
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Teresita Sy-Coson in Singapore, on Nov. 8.
Photographer: Ore Huiying/BloombergThis article is for subscribers only.
For the Philippines’ largest conglomerate with interests from malls to banks, the worst isn’t over in terms of inflation and there’s a risk consumption growth won’t be as good as last year as revenge spending tapers off.
“It has been improving in some areas, but in the Philippines, we’re still in the high inflation stage,” Teresita Sy-Coson, Vice Chairperson of SM Investments Corp. told Bloomberg TV’s Yvonne Man on the sidelines of the Bloomberg New Economy Forum in Singapore.