ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Economy

Soaring food prices hit Philippine consumers amid recession

Duterte orders price ceiling on meat and increased imports to tame inflation

President Rodrigo Duterte has slapped a 60-day price freeze on pork and chicken in a bid to rein in commodity price inflation burdening the Philippines as its economy struggles with the impact of one of the worst pandemic-induced recessions in Southeast Asia. (Source photos by AP and Getty Images)

MANILA -- When President Rodrigo Duterte's 60-day price freeze on pork and chicken took effect on Monday, over 300 meat retailers in Manila's Paco market decided not to open for business.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more