Philippine President Rodrigo Duterte talks to members of his cabinet (not pictured) after arriving from Malaysia, at Davao International airport in Davao city in southern Philippines, November 11, 2016. REUTERS/Lean Daval Jr
MANILA (Reuters) - Philippines President Rodrigo Duterte vowed on Wednesday to open up the economy to new corporations to halt graft and protectionism, telling the country's oligarchs he owed them no favours and to be content with their billions.
The outspoken, populist leader said it was high time to change regulations and liberalise sectors like energy, power and telecoms to make the country more competitive, and give Filipinos better services and a share of the wealth.
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