Duterte unfazed by investors’ threat to withdraw
MANILA, Philippines — President Duterte is unfazed by threats that some investors might leave the country due to his order to renegotiate government contracts with two major water concessionaires.
In an interview with ABS-CBN anchor Ted Failon, Duterte invoked his mandate to serve and protect the interest of the greater majority and not the business groups.
Duterte said he does not mind losing investors’ confidence as long as the contracts are right. READ MORE
Duterte picks on DMCI for speaking vs water contract
DAVAO CITY—President Rodrigo Duterte lashed out at DMCI Holdings for the collapse of its condominium building in Davao City more than two months after it happened at the height of the 6.5 magnitude quake.
The President, who spoke for the first time on the October 31 collapse of Ecoland 4000 building here, was venting his ire after a top DMCI official spoke about the water contract between the government and Maynilad Water Services, in which DMCI is one of its shareholders. READ MORE
- We believe both these companies are great companies and we see more positive news ahead
- Yet we be cautious and buy systematically as we see the scenario changes
- Always remember don’t buy at one time but buy in stages
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