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Phoenix Petroleum CEO Dennis Uy, seen here outside the company's headquarters in Davao, says he has no plans to move the main office to a more central location. (Photo by Kim Ignacio)
CEO in the news

A hungry tycoon rises from Duterte's Davao

Shared roots with the president have helped Dennis Uy build an oil-to-casino empire

CLIFF VENZON, Nikkei staff writer | Philippines

MANILA -- When Phoenix Petroleum Philippines celebrated the 10th anniversary of its listing at an event at the Philippine Stock Exchange on July 11, an unlikely special guest was on hand: President Rodrigo Duterte.

The leader has shrugged off previous invitations to the bourse and has made no secret of his aversion to the markets, once suggesting he could hardly decipher stock charts.

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