Recent deals involving foreign investors taking sizeable stakes in two Philippine firms should be credited to the Duterte administration and its socio-economic reform agenda, the Finance department claimed on Thursday.
Specifically, the department cited Japan Tobacco International’s plan to take over cigarette maker Mighty Corp for P45 billion and a consortium of investment fund managers’ offer to buy up to 31.7 percent of renewable power producer Energy Development Corp. for P64.5 billion.
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