FILE PHOTO: Philippine President Rodrigo Duterte delivers his State of the Nation address at the House of Representatives in Quezon city, Metro Manila, Philippines July 23, 2018. /Czar Dancel
August 7, 2018
MANILA (Reuters) – Philippines President Rodrigo Duterte will cancel Landing International Development Ltd’s $1.5 billion integrated casino project in the capital, his spokesman said minutes after the Hong Kong-listed firm broke ground on Tuesday.
Presidential spokesman Harry Roque said the lease contract that Landing signed with a state-owned foundation in March has significantly put the government at a disadvantage because the rental payment was “unconscionable”.
(Reporting by Neil Jerome Morales; Editing by Himani Sarkar)
