Philippines competition watchdog takes on Duterte's acquisitive friend

Businessman Dennis Uy's growing empire faces challenge from antitrust regulator

20180709 Dennis Uy

Dennis Uy, an entrepreneur from Davao City, has become one of the Philippines' most aggressive businessmen. (Photo by Kim Ignacio)

CLIFF VENZON, Nikkei staff writer

MANILA -- The Philippine Competition Commission has dealt a blow to another powerful businessman, and this time it's President Rodrigo Duterte's deal-making friend Dennis Uy.

The entrepreneur from Davao City, who is one of Duterte's campaign financiers, is the latest tycoon to draw the attention of the antitrust authority, which previously scrutinized deals made by corporate bigwigs like SM Investments, Ayala Corp. and San Miguel.

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