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Manila Electric Co., the Philippines' largest power distributor, was ordered by the regulator to refund 9.5 billion pesos ($156 million), representing excess charges to customers....
Iconic British retailer Marks & Spencer will leave the Philippines after four decades as changing consumer preferences reshape the retail landscape, its local franchise holder said....
For Mariana Zobel de Ayala, the chance to help develop the Philippines' tourism industry by boosting Ayala Land's investments in retail and hotel properties could not have come at a better time.
As the senior vice-president for leasing and hospitality of one of the largest developers in the Philippines, Zobel de Ayala believes tourism will be a major driver of the country's economic expansion.
Ayala Land, which bought the 578-room New World Hotel Makati from distressed Hong Kong developer New......
The Philippines sold 507.2 billion pesos ($8.9 billion) worth of retail treasury bonds, spurred by brisk demand from investors in search of better yields as interest rates fall....