Tycoon close to outgoing Philippines president Duterte weighs sale of big assets

Tycoon close to outgoing Philippines president Duterte weighs sale of big assets

Photo: RJ Joquico

A tycoon and close associate of outgoing Philippines President Rodrigo Duterte is considering selling businesses collectively worth several billion dollars, including a South China Sea gas field and a commercial land lease firm at the site of a former US military base, two sources familiar with the matter said on Thursday.

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