The local stock market’s mining and oil sub-index slumped further on Wednesday, after Regina Paz Lopez of ABS-CBN Foundation Inc., who described herself late Monday as “absolutely anti-mining,” accepted the offer of President-elect Rodrigo Duterte to head the Department of Environment and Natural Resources (DENR).
The mining and oil board at the Philippine Stock Exchange plunged 7.31 percent or 837.14 points to close at 10,614.70.
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