Davao City businesses grapple with soaring inflation; Oct. rate at 10.4% - BusinessWorld Online

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Davao City businesses grapple with soaring inflation; Oct. rate at 10.4% - BusinessWorld Online
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BUSINESSES in Davao City are worried that local inflation will hold back ongoing recovery from the coronavirus pandemic with the October rate at 10.4%, higher than the country’s 7.7% and Davao Region’s 9.8%.

November 13, 2022 | 6:21 pmBUSINESSES in Davao City, one of the major commercial hubs in southern Philippines, are worried that local inflation will hold back ongoing recovery from the coronavirus pandemic with the October rate at 10.4%, higher than the countryAn official of the Davao City Chamber of Commerce and Industry, Inc. said the business sector is grappling with the challenge of keeping sales growth amid soaring prices.

Among the participants were Chinese companies such as Huawei, China Telecom, China Comservice, and Fiber Home that are looking to grow their operations in the city and the rest of the country.

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