MANILA -- Philippine consumers are proving more resilient than expected but remain cautious in how they spend, according to two of the country's leading retailers, as slowing inflation and healthy remittances compensate for sluggish economic growth and geopolitical uncertainties.
Robinsons Retail Holdings Inc. CEO Stanley Co says the resilience of the Philippine consumer has shown a conspicuous uptick in the last few months as inflation has eased. (Nikkei montage/Source photos by Reuters and Kimberly dela Cruz)
ASEAN Money
Philippine consumers more resilient than expected, leading retailers say
Bosses of Robinsons Retail, SM Investments see sentiment uptick as inflation slows
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