Spending on toys, electronics, clothing, and department stores is expected to significantly contribute to the increase, alongside higher expenditures on travel, groceries, and restaurants as families and friends gather for celebrations.
Metropolitan Bank & Trust Co. is seeing sustained growth in its auto and home loans business, driven by strong consumer demand and exclusive offers like its "Happy Holideals" loan promo.
Tycoon Manuel Villar Jr.-led supermarket operator AllDay Marts Inc. reported a net income of P97 million for the first quarter of 2024 while revenues grew 1.1 percent to P2.468 billion.