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Companies

Roughed-up by Duterte, two Philippine companies shed $1bn in value

Manila's water distributors and largest broadcaster's future in doubt

Philippine President Rodrigo Duterte's warning to two business-owning families was unequivocal: "No matter how many bodyguards you have, I can ruin your face, son of a bitch,”   © Reuters

MANILA -- A week after Philippine President Rodrigo Duterte savaged two listed companies with the words "I can ruin your face, son of a bitch," close to $1 billion has been wiped from their market value.

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