Philippine retailers tweak recipe to feed consumer demand for cheaper goods

From switching ingredients to staggering price increases, Philippine companies are rethinking strategies to cover rising costs without losing customers squeezed by inflation and a weak peso. The Philippines is now grappling with the second-weakest growth and fastest inflation among Southeast Asia’s economies after a corruption scandal weighed on confidence and the Iran war stoked consumer prices. The peso, Asia’s third-worst-performing currency this year, is also making imports more...