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.
In an exclusive interview with Nikkei Asia, Stanley Co, president and chief executive of Robinsons Retail Holdings Inc. (RRHI), said there had been a tipping point in the last few months as price growth eased noticeably.
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