The ANC Brief April 24, 2018


Posted at Apr 24 2018 04:58 AM

Here are the stories ANC will be covering today:

Talking peace

Communist Party of the Philippines (CPP) founding chair Jose Ma. Sison said he is willing to return to the Philippines for the resumption of peace talks with the Duterte government, but only if there is “significant advance” in the talks. 

Sison also said coming home “prematurely” would expose himself to an “extremely high risk of violent sabotage” by so-called “spoilers.” The President has yet to set the start of the 60-day window in which to restart the peace talks. 

ANC will continue to follow this story throughout the day. Can this be the end of the one of the world’s oldest communist insurgencies?

Inflammatory remarks

Foreign Affairs Sec. Alan Peter Cayetano defended a Philippine diplomat in Kuwait who was said to have made inflammatory remarks against the Kuwaiti government. 

Cayetano said the incident was just a "misunderstanding." Earlier, Kuwait summoned Philippine Ambassador Renato Pedro Villa for the supposed "slur." 

The Kuwaiti government also lodged a diplomatic protest over the rescue of distressed OFWs by the Philippine embassy. 

ANC will stay on top of this story as an agreement between the two countries to protect OFWs is close to being signed. Will this diplomatic row affect the signing of the agreement? 

Also, last night, President Duterte met with Amb. Musaed Saleh Ahmad Al-Thwaikh in Davao City to discuss the issue. 

Legal discourses

The Supreme Court is on its summer session in Baguio City. SC spokesperson Ted Te is expected to hold his usual Tuesday briefing at around 1pm. ANC will air this live. 

Probable topics include the San Juan recount case and the deliberations on the quo warranto petition against Chief Justice Ma. Lourdes Sereno.

Market chatter

Rising bond yields in the U.S. are on the radar of emerging market investors. In the local front, analysts said the PSEI looks to test the 7500 support level. ANC’s Business group will also watch the Philippine peso as it slipped to 52.26 before closing at 52.24. Trade tensions between the U.S. and China led to some USD selling. 

Budget buzz

The Development Budget Coordination Committee (DBCC) will hold a press conference 1pm. Officials of the Duterte government’s economic team who will be there include DBM Sec. Ben Diokno, DOF Sec. Carlos Dominguez, NEDA Sec. Ernesto Pernia and others. ANC is set to air this press conference live.