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Philippine companies adjust pricing and expansion as inflation bites

Companies in sectors including real estate, telecoms, banking, and consumer discretionary are facing revenue pressure, with some citing weak growth and high inflation as risks for later this year.

Reported · Written up by our desk · Asia

Philippine companies are changing how they price and spend as inflation and a weak peso squeeze consumers, according to SCMP Economy.

The outlet cites commentary from Juan Paolo Colet, managing director at China Bank Capital, who said shifts in consumer spending and higher credit costs are weighing on companies across real estate, telecommunication, banking, and consumer discretionary.

For now, restaurants are reconsidering expansion plans, food makers are limiting price increases, and telecom firms are leaning on prepaid plans to support consumption, SCMP Economy reports.

Shakey’s Pizza Asia Ventures said inflation and higher fuel prices hurt non essential spending, and it is slowing expansion, becoming more selective on investments, and restructuring its Peri Peri chicken chain after first half profit fell by a third.

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