My comparison refers to the mining industry in particular. Majors won't touch the Philippines anymore for a reason.
Freeport McMoRan pulled out. OceanGold still suffering from Government malfeasance regarding Didipio. The Filipino government has demonstrated erratic behaviour regarding the mining industry and corruption is rampant.
Duterte has repeatedly threatened to shutdown the mining industry completely. Such antics are not conducive to a positive reputation for investment in the mining industry.
Duterte cries "environment" meanwhile there is small scale unpermitted gold mining taking place across the Philippines destroying riverways, lagoons, farmland, etc. Untold environmental damage. However, the kingpins involved pay government/party officials bribes and it is given a free pass.
I personally consider Philippines to be one of the worst mining jurisdictions in the world, hence my comparison.
Kcn thoughts, page-61
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