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‘Squeezed’ manufacturers put expansion plans on hold, says FPI
MANILA, Philippines — Philippine manufacturers are left with no choice but to put expansion plans on hold as they face a delicate balancing act between raising prices to offset mounting costs and preserving consumer demand, according to the country’s umbrella group of producers. Federation of Philippine Industries (FPI) chair Elizabeth Lee said manufacturers were grappling with
MANILA, Philippines — Philippine manufacturers are left with no choice but to put expansion plans on hold as they face a delicate balancing act between raising prices to offset mounting costs and preserving consumer demand, according to the country’s umbrella group of producers. Federation of Philippine Industries (FPI) chair Elizabeth Lee said manufacturers were grappling with
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