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Duterte's Philippines

Duterte invites China into the Philippine telecom sector

President hopes to lure investment by pushing for looser rules on foreign ownership

Philippine President Rodrigo Duterte, right, walks with Chinese Premier Li Keqiang at the Malacanang presidential palace in Manila on Nov. 15.   © Reuters

MANILA Philippine President Rodrigo Duterte's fiery rhetoric may have unnerved foreign businesses, but he still wants their investments to help fund the country's growth.

In one of his most concrete moves to liberalize the economy, Duterte has directed his economic managers to throw their weight behind efforts to ease limits on foreign ownership in eight sectors such as retail, construction and teaching in higher education.

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