Duterte singles out Ongpin in anti-oligarchy pitch

Joel Guinto, ABS-CBN News

<figure class='op-interactive'><div style='padding-top:66.375%;'><div id='IVS_ABS_Body_Video_1_Container'> <ivs-player id='IVS_ABS_Body_Video_1' data-ivs-spid='3001339' data-ivs-key='e8c22c015ca9eafa76f1e3edfa03c603' data-ivs-vid='1466968' data-ivs-floating='1' ></ivs-player> <script src='https://player.ivideosmart.com/ivsplayer/v4/dist/js/iframe-parent.js'></script> <script src='https://player.ivideosmart.com/ivsplayer/v4/dist/js/loader.js'></script> </div></div></figure><h2>Warns firms practicing 'endo': Stop contractualization or patayin kita</h2><p>MANILA – President Rodrigo Duterte promised on Wednesday to “destroy” the country’s oligarchs, saying they were making money out of the suffering of the poor.</p><p>The 71-year-old chief executive, who won the May 9 elections on an anti-establishment platform, singled out embattled businessman and former Trade Minister Roberto Ongpin, whose online gambling business has been imperiled by a government crackdown on vices.</p><div class='embed-wrap'><figure data-feedback='fb:likes,fb:comments'><img src='http://sa.kapamilya.com/absnews/abscbnnews/media/abs-cbnnews/a_images/access/nation/ongpin-021815.jpg' ></figure></div><p>“Ang plano talaga is destroy the oligarchs that are embedded in government,” Duterte said in a free-wheeling speech at the presidential palace.</p><p>“I’ll give you an example, publicly, Ongpin, Roberto. Malakas kay [Ferdinand] Marcos noon, trade minister, I think. Malakas sa succession: [During] Ramos he was a hanger on and kay Gloria [Arroyo], PNoy. Now he owns the online [gambling],” he said.</p><p>“These are the guys na umuupo lang sa eroplano nila, umuupo lang sa mga mansion nila kung saan-saan yung pera nila nagpapatak, parang metro ng taxi. Sabi ko, destroy,” he said.</p><p>Duterte declared last June that he wanted <a href='http://news.abs-cbn.com/business/06/30/16/duterte-says-online-gambling-must-stop' target='_blank'>online gambling stopped</a>, prompting regulators to renew the license of Ongpin’s PhilWeb Corp. on a per-month basis.</p><p>Adding to Ongpin’s woes is a P174-million insider <a href='http://news.abs-cbn.com/business/07/25/16/ongpin-cries-persecution-to-appeal-insider-trading-rap' target='_blank'>trading fine</a> imposed by the Securities and Exchange Commission over his 2009 purchase of Philex Mining shares. The businessman secured on Monday a 60-day <a href='http://news.abs-cbn.com/business/08/02/16/ongpin-secures-court-relief-on-insider-trading-case' target='_blank'>restraining order</a> from the Court of Appeals.</p><p>Duterte also reiterated his demand for businessmen to stop “endo” or rehiring employees on contractual basis to avoid paying benefits and higher labor costs. </p><p>“Ako mag-warning lang: Stop contractualization or patayin kita,” he said.</p><p>“You know why kaya ako magsalita ng ganun ang Presidente? While I am here, may [legal] immunity ako,” he said.</p>

<div class='embed-wrap'><figure data-feedback='fb:likes,fb:comments'><img src='http://sa.kapamilya.com/absnews/abscbnnews/media/abs-cbnnews/a_images/access/nation/ongpin-021815.jpg' ></figure></div><p>“Ang plano talaga is destroy the oligarchs that are embedded in government,” Duterte said in a free-wheeling speech at the presidential palace.</p><p>“I’ll give you an example, publicly, Ongpin, Roberto. Malakas kay [Ferdinand] Marcos noon, trade minister, I think. Malakas sa succession: [During] Ramos he was a hanger on and kay Gloria [Arroyo], PNoy. Now he owns the online [gambling],” he said.</p><p>“These are the guys na umuupo lang sa eroplano nila, umuupo lang sa mga mansion nila kung saan-saan yung pera nila nagpapatak, parang metro ng taxi. Sabi ko, destroy,” he said.</p><p>Duterte declared last June that he wanted <a href='http://news.abs-cbn.com/business/06/30/16/duterte-says-online-gambling-must-stop' target='_blank'>online gambling stopped</a>, prompting regulators to renew the license of Ongpin’s PhilWeb Corp. on a per-month basis.</p><p>Adding to Ongpin’s woes is a P174-million insider <a href='http://news.abs-cbn.com/business/07/25/16/ongpin-cries-persecution-to-appeal-insider-trading-rap' target='_blank'>trading fine</a> imposed by the Securities and Exchange Commission over his 2009 purchase of Philex Mining shares. The businessman secured on Monday a 60-day <a href='http://news.abs-cbn.com/business/08/02/16/ongpin-secures-court-relief-on-insider-trading-case' target='_blank'>restraining order</a> from the Court of Appeals.</p><p>Duterte also reiterated his demand for businessmen to stop “endo” or rehiring employees on contractual basis to avoid paying benefits and higher labor costs. </p><p>“Ako mag-warning lang: Stop contractualization or patayin kita,” he said.</p><p>“You know why kaya ako magsalita ng ganun ang Presidente? While I am here, may [legal] immunity ako,” he said.</p>

<p>MANILA – President Rodrigo Duterte promised on Wednesday to “destroy” the country’s oligarchs, saying they were making money out of the suffering of the poor.</p><p>The 71-year-old chief executive, who won the May 9 elections on an anti-establishment platform, singled out embattled businessman and former Trade Minister Roberto Ongpin, whose online gambling business has been imperiled by a government crackdown on vices.</p>

<figure class='op-interactive'><div style='padding-top:66.375%;'><div id='IVS_ABS_Body_Video_1_Container'> <ivs-player id='IVS_ABS_Body_Video_1' data-ivs-spid='3001339' data-ivs-key='e8c22c015ca9eafa76f1e3edfa03c603' data-ivs-vid='1466968' data-ivs-floating='1' ></ivs-player> <script src='https://player.ivideosmart.com/ivsplayer/v4/dist/js/iframe-parent.js'></script> <script src='https://player.ivideosmart.com/ivsplayer/v4/dist/js/loader.js'></script> </div></div></figure><h2>Warns firms practicing 'endo': Stop contractualization or patayin kita</h2>

President Rodrigo Duterte promised on Wednesday to “destroy” the country’s oligarchs, saying they were making money out of the suffering of the poor.

Duterte singles out Ongpin in anti-oligarchy pitch | ABS-CBN News

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Duterte singles out Ongpin in anti-oligarchy pitch

Duterte singles out Ongpin in anti-oligarchy pitch