Duterte threatens takeover of Manila water firms
Philippine President Rodrigo Duterte has threatened a government takeover of the capital's water services unless its two private utilities accept a new contract, his spokesman said Tuesday, an ultimatum experts warned could spook investors.Duterte's government will offer a deal to replace the one first crafted in the 1990s when Manila's troubled water system was privatised and which the president calls a "colossal rip-off", his spokesman Salvador Panelo said."Sho