
Philippine Credit Card Bad Debts Jump to P68 Billion as Inflation Bites
Non-performing card balances outpaced overall lending growth between March and June, rising 11.8 per cent across commercial bank portfolios.
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84 stories in this topic

Non-performing card balances outpaced overall lending growth between March and June, rising 11.8 per cent across commercial bank portfolios.

Currency shifts diverting spending to Japan and weak domestic consumer confidence curb demand for high-end apparel and leather goods across mainland boutiques.

Philippine household consumption growth dropped to 1.9% in the second quarter as 7.2% inflation and higher borrowing costs pinched family budgets.

Urbis data covering 516 shopping centres shows food catering sales rose 7.5 per cent while outer suburban malls lagged behind downtown precincts.

Master franchisee DPC Dash expanded its network to 1,634 locations across 87 cities while building its loyalty programme to 45.2 million members.

Economists credit the idol support culture known as oshikatsu with pulling the sector out of a long slump through merchandise, concerts, and streaming.

The Ministry of Finance added veterinary treatments, animal adoption fees and artificial intelligence subscriptions to its existing individual relief cap.

Prime Minister Sanae Takaichi is pivoting away from Abenomics after direct US pressure over the weak yen, even as Tokyo readies a 10 trillion yen food consumption tax cut.

Wealthy Chinese face an October 22 deadline to settle back taxes on offshore trusts, curbing spending at LVMH, Kering and Hermes.

Direct cash handouts for 2.3 million civil servants and pensioners accompany a national minimum wage increase to RM2,000 scheduled for June 2027.

Over 240 suppliers gathered at the Oshikatsu Expo in Tokyo as fan merchandising expands into an inflation-resistant consumer pillar.

Young high-net-worth buyers doubled the art purchases of older cohorts in 2025, driven by inherited wealth and million-dollar acquisitions.

Frequent shoppers generate 12 to 18 percent more revenue, but digital platform expenses have surged more than 200 percent over the past six years.

Lower labor force entries and 227,000 new wholesale and retail jobs helped reduce the Philippine jobless total to 2.77 million in August.

Waste accounts for a quarter of regional medical spending while out-of-pocket costs climbed up to 13 per cent in Singapore and Australia.

The activewear label faces entrenched rival Lululemon and selective consumer spending across prime retail developments in Shanghai and Beijing.
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