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PIA Press Release
2005/12/27

Leyte business more brisk this Yuletide season than last year

Tacloban City (December 27) -– Last minute shopping for food, clothing, gifts and other commodities became a problem not only because of the heavy traffic and crowded malls, groceries and department stores but because Tacloban literally ran out of some of the favorite items of people during the Yuletide Season.

Interviews conducted by the PIA 8 showed that as early as December 22, ham and edam cheese are no longer available as the stocks ran short. These two commodities are the most saleable items in the groceries during this Christmas Season.

Businessmen interviewed all agreed that they have underestimated the demand of shoppers in the Region during this season. They said that even if they have increased their stocks compared to that of last year, but still, their stocks are not able to meet the demand.

Even owners of department stores revealed that their gift items and garments supplies are more saleable this year than that of last year. They said that although they have made additional orders, still their stocks are not enough.

There are more shoppers this year, some businessmen claimed. People have more money this year than last year, others commented. They attribute this to the fact that most government employees from the national line agencies, the local government employees and even the employees of private companies have receive bonuses and cash gifts.

All of them however, are one in saying that this is a very good indication that the economy is getting better. They expressed hope that the economy of the country will continue to grow better in the coming year.

No increase in prices of commodities was noted in Tacloban and in the other parts of the Region. This may be attributed to the continuous price monitoring of the Department of Trade and Industry in the Region. (PIA 8) [top]

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