Page 9 - MRSGI E-commerce Newsletter

The Metro News

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1 Issue (September 2020) Inflation rate (Aug. 2019 to Aug. 2020)
Local news
3.5 USD300,000 minimum
investment approved
3.0 Philippine’s household
spending to decline by 7.8% Congress and the executive branch have
2.5 agreed in principle to lower the minimum
E-commerce 2.0 Fitch Solutions projected total household paid up capital for foreign retailers to
Journey 1.5 spending to decline by 7.8% as the USD300k and the minimum per store
pandemic and related economic shock hit investment of USD300k from the
1.0 households through several channels: a USD2.5M and USD830k under the Retail
deteriorating labor market, weaker
0.5 Trade Liberalization Act of 2000,
remittances, (and) a confidence shock,
E-commerce 0.0 which will prompt higher savings rates. respectively. Congress was saying that it
Performance Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 However, it expects a gradual rebound of would be attractive enough for foreign
investors while protecting small Filipino
To-date Philippines NCR Areas outside NCR 5.5% growth in 2021. retailers.
(BusinessWorld, 6 August 2020)
(Manila Bulletin, 12 September 2020)
As of end-August 2020, inflation eased
at an average 2.4% mainly due to
Competitive modest increase in food prices

Matrix especially fish, meat, and vegetables.
This is also because of the ample
supply of basic commodities amid
favorable weather conditions and lower
demand due to pandemic.
Industry
Updates

LIBRARY: • Hootsuite | DIGITAL 2020: THE
• Bain & Company | The Future of Retail PHILIPPINES (January 2020)
in Asia-Pacific: How to Thrive at High
Speed (August 2020)