June inflation pegged at 3.9%

Inflation likely stayed at 3.9 percent in June as lower electricity rates could have softened the impact ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌     ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌     ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌     ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌     ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌     

View in browser   |   Shop Inquirer July 1, 2024 ECONOMY June inflation pegged at 3.9% as utility costs dip Inflation likely stayed at 3.9 percent in June as lower electricity rates could have softened the impact of more expensive food items and a weakening peso. An Inquirer poll of 10 economists yielded an average inflation forecast of 3.9 percent in June, unchanged from the previous month's print but still lower compared to the 5.4 percent seen in June 2023. By Mariedel Irish U. Catilogo PROFIT PUSH Data: Today's most valuable asset? In the realm of modern business, few metaphors have captured the imagination quite like the comparison of data to gold. Just as gold fueled economic growth and prosperity in the past, data is seen as the fuel driving the digital economy today. But is data truly the new gold?  By Tom Oliver PROPERTY Arthaland recalibrates as office demand dwindles​ Po family-led developer Arthaland Corp. will shift its focus toward residential projects due to the apparent decline in office space occupancy in the postpandemic era as more companies favor hybrid work arrangements. Arthaland chair Ernest Cuyegkeng on Friday said they were taking more cautious steps toward pursuing office space projects. By Meg J. Adonis Like this email? Forward it to your friends and let them know that they can sign up here. BIZ BUZZ Rubio retires from Aboitiz, joins MVP Group's MGen​ Perhaps power sector veteran Emmanuel Rubio just does not feel like taking a long vacation. At least, not yet. This as right after officially retiring as president and chief executive officer of Aboitiz Power Corp., he formally joined the MVP Group as head of Meralco PowerGen Corp., (MGen) the power generation arm of Manila Electric Co. (Meralco), the country's largest electricity distribution utility. By Meg J. Adonis INQUIRER PLUS-EXCLUSIVE Nike sheds $28.4B in market value amid losses to upstart brands Nike's stock slumped 20 percent on Friday as a forecast for a surprise drop in annual sales amplified investor concerns about the pace of the sportswear giant's efforts to stem market share losses to upstart brands such as On and Hoka. It was the worst day ever for the stock, and the losses wiped out $28.41 billion from the company's market valuation. By Reuters Try Inquirer Plus. Inquirer Plus is the digital version of the Philippine Daily Inquirer. Register for a 30-day trial for free to get access to Inquirer's fearless reporting, app-exclusive stories, and archives. REGISTER NOW Hi Edward. Have feedback? We're happy to hear it. Give Suggestions newsletter@inquirer.com.ph © 2024 PHILIPPINE DAILY INQUIRER, Barangay La Paz, Makati City, Philippines You are receiving this email because you are subscribed to Inquirer Newsletters. Unsubscribe anytime