The ANC Brief: April 18, 2018

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Posted at Apr 18 2018 05:06 AM | Updated as of Apr 18 2018 09:59 PM

The ANC Brief
April 18, 2018

The Comelec is expecting an influx of candidates in the barangay and SK elections filing their candidacies today due to the belief in the lucky number 8. Here’s hoping your day will be lucky too. In the meantime, here are the stories ANC will be covering today:

More heads roll

President Duterte said in his last speech that he “fired another set of officials.” Who are these officials? What positions do they hold? Is it true they were constantly in Davao prior to the 2016 campaign to convince him to run? How close are they to the President? ANC will talk to officials in an effort to answer these questions. The President will be in Camp Aguinaldo at 3 pm for the testimonial review in honor of outgoing AFP Chief of Staff Gen. Rey Guerrero.

What’s in store?

A groundbreaking ceremony was held at the construction of a U.S. storage facility in Basa Air Base in Pampanga. The facility is the first under the EDCA. We can find out more about this with phoners from the Palace, Defense officials, and the AFP. What will be stored in this facility?

Fall of dynasties?

Comelec spokesperson James Jimenez said they would be implementing in the coming SK elections an anti-dynasty provision in a law signed in the last administration. Could this be really the end of dynasties and nepotism in the barangay level? The National Youth Commission will hold a presscon on the SK. The Comelec also warned candidates that they must file their statement of contributions and expenditures (SOCE) whether they win or lose.

What price paradise

The President is expected to sign this week an order placing the entire island of Boracay under a state of calamity. Meanwhile, many Boracay residents and business operators lamented that there is no comprehensive plan or preparedness to address issues related to the closure of the island. They are due to hold a protest caravan against the closure. The PNP also said they would step up security measures in the island during the closure. Meanwhile, the DOT said Macau-based casino giant Galaxy has dropped its plan to build a casino in Boracay and is looking for other venues.

Shaking out weak hands

An analyst told ANC that the selloff in the market could continue due to concerns on higher inflation and a weaker peso. Philippine stocks are already the world’s worst performers this year and fell to the lowest level in almost a year. This brings the PSEi’s loss in market value to more than $20 billion since the start of the year. Is this a shakeout of weak hands? Is a correction in the horizon?

Others:

- Zamboanga City Rep. Celso Lobregat complained that the BBL has some unconstitutional provisions and would be unhelpful in solving the problems in Mindanao. 

- Lawyer groups will hold a 10 am presscon on the submission of a report to the United Nations Rapporteur on the Independence of Lawyers and Judges on recent actions by the Philippine State that would impact negatively on the independence of lawyer and judges. 

- Officials of the Philippines and Maldives have signed an agreement that would pave the way for direct flights between the two countries.

– In a report, financial services group Nomura said the Philippines would benefit but would also be “most at risk” under China’s “Belt and Road” initiative.