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‘A drastic drop in consumer spending fuelled by the current cost of living and interest rate environment, coupled with increases in labour and operational costs have all had too great of a compounding impact on our business,’ he said. In August an anti-graft office removed her as mayor on the grounds of grave misconduct over her alleged ties to illegal gaming operations in Bamban. ($1=55.98 Philippine pesos) (Reporting by Mikhail Flores and Adrian Portugal; Additional reporting by Stanley Widianto in Jakarta; Editing by Michael Perry) MANILA, Sept 6 (Reuters) – Former Philippines mayor Alice Guo, accused of ties to Chinese criminal syndicates and laundering more than 100 million pesos ($1.79 million), arrived in Manila early on Friday after being deported from Indonesia.
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