MANILA -- The Philippines is set to start relaxing some of Asia's toughest foreign investment restrictions, beginning with easing of entry rules for foreign retailers.
Retail
Philippines eases Asia's toughest FDI rules with new retail entry law
Backers say move boosts competition while critics call it 'industry killer'
A shopping mall in Manila. Philippines' retail sector is dominated by local players, such as family-owned conglomerates SM Investments and Gokongwei Group's Robinsons Retail Holdings. (Photo by Kimberly Dela Cruz)
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