PHOTO: TREFOR MOSS/THE WALL
CEBU CITY, Philippines—The Philippine high street is undergoing a face-lift, as retail giants look to capitalize on Southeast Asia’s most profligate consumer-spending sector.
The country’s biggest developers including Ayala Corp., JG Summit Holdings Inc. andSM Investments Corp. are spending billions on malls to ramp up their nationwide presence, while global brands such as Swedish retailer Hennes & Mauritz AB, which once ignored the Philippines, are suddenly arriving here in force.
Read More Athttp://www.wsj.com/articles/philippine-shoppers-spending-spree-gives-retail-sector-new-shine-1448479985
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