Philippine inflation stayed above 4 percent for a third month in February as oil and food costs rose, putting pressure on the central bank to further withdraw monetary stimulus.
Kirin Holdings Co. may seek control of its Philippine beer venture after dropping a planned merger with Suntory Holdings Ltd. that would have created the world’s fifth-biggest food and drinks maker.
Producer prices in the Philippines dropped 0.7% year-on-year in January, slower than the 2.9% decrease in the previous month, the Manila-based National Statistics Office reported on Friday.
