Duterte’s favorite tycoon rings a golden bell

While the Filipino leader has targeted traditional elites as wealth-hoarding 'oligarchs', he has taken notable shine to the fast-rising Dennis Uy and his Davao City-based Phoenix Petroleum-led conglomerate

Mindanao, August 4, 2017 12:25 PM (UTC+8)
Dennis Uy (R), founder and chief executive officer of Philippines' Phoenix petroleum company, rings the bell at the Philippine Stock Exchange in the financial district of Makati, suburban Manila on July 11, 2017, on the company's tenth anniversary of its listing. Photo: AFP/Ted Aljibe
Dennis Uy (R), founder and chief executive officer of Philippines' Phoenix petroleum company, rings the bell at the Philippine Stock Exchange in the financial district of Makati, suburban Manila on July 11, 2017, on the company's tenth anniversary of its listing. Photo: AFP/Ted Aljibe
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