Posted inAT FinancePhilippines

Duterte replacing old elite with new in Philippines

Philippine President Rodrigo Duterte has renewed his populist assault on the nation’s traditional business elite, a group of so-called “oligarchs” he claims has stunted development by monopolizing sectors of the economy. At the same time, there are rising concerns the firebrand president aims to supplant the old elite with his own business allies, a fast […]