The ANC Brief: A bully in the high seas


Posted at Jul 31 2019 04:35 AM

Defense Secretary Delfin Lorenzana has said what appears to be in some people’s minds these days when talking about China. Here are the stories making the headlines on ANC today:

Crafty bully

The usually straight-shooting Defense Sec. Delfin Lorenzana said China’s commitment to peace and stability and its promise to adhere to international law do not match their actions on the ground. The bottom line is that China is a bully in the high seas. He also said China warships are craftily passing the country’s waters with inactive ID systems. Senate President Tito Sotto said details of the verbal agreement between Chinese President Xi Jinping and President Duterte must be presented to the Senate before it can act on it. National Security Adviser Hermogenes Esperon Jr. will be at an 8:30 a.m. forum.

Compensation for lotto operators?

Presidential Spokesperson Salvador Panelo announced late Tuesday night that suspension of lotto operations of the Philippine Charity Sweepstakes Office (PCSO) has been lifted. Will the owners and employees of lotto outlets be compensated for the income they lost? PCSO general-manager Royina Garma will hold a press conference at 10 a.m. ANC will be prepared to air this live.

Market participation

The Finance Department said it expects lawmakers to pass a bill that would remove taxes on IPOs ranging from 1% to 4% of gross value of shares sold. Another tax reform measure is the lowering of stock transaction tax from 0.6% to 0.1%. Will both measures increase participation in the market? Meanwhile, the Philippine peso is at its strongest level since January 2018. Economic managers will hold a briefing at the Palace today. And bids for the New Manila International Airport project in Bulacan will be opened today.

Following Manila's lead

Manila Mayor Isko Moreno started it. The rest are following. The Department of the Interior and Local Government said it is deploying more policemen to help clear the streets of Metro Manila of illegal vendors and cars parked illegally. President Duterte had ordered local officials to take back the streets. Will this campaign work or will it fall by the wayside due to "ningas cogon" like so many campaigns? 

Hits and misses

Three years ago, Iyo Canlas found himself trapped under heavy metal following a car accident. The next years would be spent in therapy and conditioning a mind that just won’t quit—eventually leading to a tennis championship.