Philippine President Rodrigo Duterte apologized to two tycoons he once threatened to arrest and thanked them for helping in the coronavirus pandemic, which he says has humbled me.
The president known for his expletives-laden harangues asked Jaime Augusto Zobel de Ayala and Manuel Pangilinan for forgiveness.
Both have arranged financial aid to thousands of their employees and helped the government deal with the contagion.
Before the pandemic, Duterte had alleged their water concession contracts violated anti-graft laws and accused them of economic sabotage.
The water utility companies denied any wrongdoing.
Duterte's administration has scrambled to finance aid for poor Filipinos he fears may starve under lockdown, which he imposed to fight the coronavirus that has infected nearly 10,000 people and killed 623.
Disclaimer: No Business Standard Journalist was involved in creation of this content
