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Philippines Current Events | Pilipinas kaligayahan ay Naghihintay para sa iyo! - Part 2
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Rich Filipino Families


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Super-rich in undiminished control. The Philippines boasts an unenviable Asian, perhaps global, record among major nations. One family, the Ayalas, controls 18% of total stock-market-listed corporate assets. Moreover, the country’s top 10 most powerful families control 56.2% of such assets. Just over 50% of total GDP is controlled by the top 15 families. In sharp […]

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