Coson, the Philippines’ wealthiest woman with US$1.8 billion in net worth, is one of the country’s most respected business ...

SM Investments—the holding company of the family of the late retail billionaire Henry Sy Sr—will spend $1 billion to buy back its shares, which are trading at a two-year low.

“China is very close to us, we cannot be too antagonistic,” SM Investments Corp vice-chairperson Teresita Sy-Coson told reporters late Wednesday on the sidelines of an event held by her company.