SM: Still plenty of room for growth in 2024
PASAY CITY, Philippines, Jan. 31, 2024 /PRNewswire/ -- SM Investments Corporation, one of the country's leading conglomerates, says there is still room for growth with the Philippines consistently showing consumer growth.
- PASAY CITY, Philippines, Jan. 31, 2024 /PRNewswire/ -- SM Investments Corporation, one of the country's leading conglomerates, says there is still room for growth with the Philippines consistently showing consumer growth.
- Discretionary spending in key categories such as fashion, food and beverage as well as entertainment, among others, is buoying consumption activity.
- Substantial remittances from Overseas Filipino Workers (OFWs) are also supporting the consumption story of the Philippines.
- Adding fuel to consumption growth is BPO expansion and improving unemployment numbers.