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Philippine tycoon and Duterte supporter Uy's business may face $959m debt bill

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Company owes Bank of China’s units in Manila, Singapore and Hong Kong. Read more at straitstimes.com.

MANILA - The business empire of Philippine tycoon Dennis Uy, which recently made headlines with a notice of default, may face nearly US$700 million worth of loans maturing this year.

An estimated US$47 million of dual-currency debt with BOC's Manila branch is set to come due on Aug 20.

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