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Duterte sets foot on PSE for first time as President

President Rodrigo Duterte on Tuesday visited the Philippine Stock Exchange for the first time as the Chief Executive to attend the 10th listing anniversary of Phoenix Petroleum Philippines Inc.

Although he missed the market closing at 3:30 p.m., Duterte still led a ceremonial bell ringing to mark his visit.

He arrived at 4:37 p.m. He was supposed to arrive at 3:30 p.m.

The President was joined by PSE chairman Jose Pardo, Phoenix Petroleum chairman Domingo Uy and COO Henry Fadullon. Executive Secretary Salvador Medialdea, Finance Secretary Carlos Dominguez, and Foreign Affairs Secretary Alan Peter Cayetano on the trading floor.

Phoenix Petroleum was the first company from Davao City to list on the PSE after an initial public offering July 11, 2007.

Duterte was the mayor of Davao City for over two decades.

Phoenix Petroleum President Dennis Uy contributed P30 million to Duterte's presidential campaign, according to his statement of contributions and expenditures. — VDS, GMA News