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.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details