Duterte Outbursts Start Scaring U.S. Companies, Industry Says
- Electronics group says some U.S. companies halted investment
- Industry CEOs seek audience with Duterte for assurance
The Popular President Hating on Obama, UN, and the Pope
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Signs of investor discontent with Rodrigo Duterte’s outbursts against the U.S. are multiplying with American companies starting to hold off investing in the Philippines, the nation’s electronics and semiconductor industry said.
“The concern is that we have lost momentum," Dan Lachica, head of the Semiconductor and Electronics Industries in the Philippines, Inc., said in an interview Friday. “Investments have been held and orders have been canceled. Hopefully, it doesn’t get to the point that they shut down.”