Ann: Update on Co-O Operation and Voluntary Suspension in Trading, page-26

There is more convoluted history to Philsaga and more in country issues than known to the general public. You can read more from the link below

https://www.philsaga.com/history

President has local community support, Local community there includes rebels from Mindanao region,

Everything was ok as long as X64 never questioned him, there was always trouble brewing as soon as x64 questioned in country Philsaga's president. You can check the board of directors of Philsaga and you will notice his brother on board as well which is not conflict of interest in Philippines.

He clearly indicates that from the news article above and he does not like to be questioned.