Philippine President Rodrigo Duterte delivers his State of the Nation address at the House of Representatives in Quezon city, Metro Manila, Philippines July 23, 2018. REUTERS/Czar Dancel
MANILA (Reuters) - The Philippine justice minister has ordered a review of a lease agreement for a $1.5 billion casino project by Landing International Development after President Rodrigo Duterte abruptly halted it, saying it was unfavourable to the government.
Just as Hong Kong's Landing broke ground on Tuesday on the integrated casino-resort at Manila's Entertainment City, Duterte sacked the board of the Nayong Pilipino Foundation which administers the land and who had agreed the terms of Landing's lease, which tied the government to a lengthy contract that collected rent at far below market value.
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