Tisay Ulam's video: President Rodrigo Duterte says sorry to Philippine tycoons their firm s shares surge

Philippine President Rodrigo Duterte gestures during his fourth State of the Nation Address at the Philippine Congress in Quezon City, Metro Manila, Philippines July 22, 2019. Duterte has apologized for his "hurting words" about two tycoons whom he openly dislikes, responding to their help in fighting the coronavirus by offering an olive branch to settle a costly regulatory row. Shares in conglomerates Ayala Corp and Metro Pacific Investments Corp, owners of the country's two largest water distributors, climbed on Tuesday following the president's late night apology. "So maybe there will be a lot of legal issues but we can talk. I am ready to talk and I would be reasonable," Duterte said during a televised speech.