Ph President Chose his Own Oligarchs.-Asia Nikkei


Crony capital: How Duterte embraced the oligarchs


President Rodrigo Duterte promised to destroy the Philippines' elite. Instead, he chose his own


MANILA/DAVAO, Philippines -- The day Rodrigo Duterte became president, Roberto Ongpin was one of the Philippines' richest men. Ongpin had survived -- and prospered -- under six presidential administrations by trading favors and greasing friendships with politicians. He had a full arsenal of luxuries at his disposal, including a billionaire's island dotted with villas, serviced by butlers and accessible by a fleet of private jets, and an exclusive club at the center of the capital's business district, where the whiskey was poured each day at precisely 5 p.m. and far into the night.


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https://asia.nikkei.com/Spotlight/Cover-Story/Crony-capital-How-Duterte-embraced-the-oligarchs?fbclid=IwAR2MqMh6vj0qX_E9qe7YA9HJBmr7lnlhnQ1ZAMFlTfi7cq08BNhD8X9fXOs



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