Philippines

Philippines: Duterte softens stance on big business, positive

  • Risk of revision to government contracts with private companies (Ayala, Metro Pacific, San Miguel) seemingly recedes

  • President Duterte publicly apologised to heads of Ayala and Metro Pacific on 4 May for his "hurtful words"

  • Next Presidential election in May 2022: Duterte limited to one term but his daughter Sara (Mayor of Davao City) can run

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