Philippines Tycoon, Duterte’s Ally’s Stocks Tumble on Default Notice From Banks
2022-07-25
Philippines Tycoon, Duterte’s Ally’s Stocks Tumble on Default Notice From Banks
Oil firm Phoenix
Shares of companies controlled by Philippine businessman Dennis Uy, a supporter of former President Rodrigo Duterte, slumped after one of his units received a default notice from a consortium of banks.