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Business

Philippine giants rack up solid earnings in Duterte's early days

MANILA -- Top Philippine conglomerates saw their earnings surge in the third quarter, painting a picture of sustained economic momentum under the new administration of President Rodrigo Duterte.

Nine of the most valuable conglomerates -- included on the Nikkei Asian Review's A300 list of the region's largest and most dynamic companies -- grew their aggregate net profit by 29.36% on the year in the July-September term, on a 7.13% increase in sales.

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