Hump day is behind us. But our weekend promises to be windy and rainy. These are just some of the stories ANC will be covering today:
Through a spying glass
There are reports President Duterte met with U.S. Ambassador Sung Kim at the Palace Wednesday. If this is confirmed, what was discussed? Does it have anything to do with the President’s statements that foreign government are passing on intelligence to the Duterte government on destabilization plots? Presidential Spokesperson Harry Roque downplayed the President’s alarming statement, saying the gathering of intelligence is “always part of diplomatic missions.” But Magdalo Rep. Gary Alejano disagreed, saying the President could be violating the Anti-Wiretapping Law. He added that this could be an impeachable offense. As backgrounder, Alejano, a known critic of the President, already filed an impeachment case against the Chief Executive last year for the drug war, failing to defend the West Philippine Sea and alleged ill-gotten wealth. The case was dismissed by the House of Representative for insufficiency in substance.
Typhoon Ompong has crossed the PAR line and is barreling down the Philippine Sea with Northern Luzon in its sights. ANC will continue to track Ompong, the strongest storm to hit the country this year, on its westward track. Our sights will also be trained on the skies over the metro as sudden thunderstorms could cause flooding in Metro Manila. Briefings by Pagasa and the NDRRMC today will be aired live. We will be keeping in touch with LGU officials of areas affected and to be affected by the storm, our RNG units in these areas and reporters who have been deployed.
The peso in rocky waters after closing at the P54 level Wednesday. Are the P55 or even P56 levels possible for the floundering currency? The PSEi is also languishing below the 7500 level with analysts already looking at the 7100 level. How low can we go and is there any end to the slides of the stock market and currency in sight? With inflation woes, there is surely a dearth of any good news that could prompt buying. The TRAIN 2 bill, otherwise known as the TRABAHO bill is set to be tackled in the Senate. Could the 2nd tranche of tax reforms give the markets the shots in the arm that they need? Or will it lead to an exodus of investors out of the country and loss of jobs? Rep. Joey Salceda, a member of the Arroyo administration’s economic team and who was once a fund manager in a previous life, will be on ANC’s Early Edition to talk about the proposed Executive Order on inflation.
Amnesty on the line
The Makati Regional Trial Court Branch 148 is set to hear the case of the voiding of Sen. Antonio Trillanes’ amnesty. Any decision by the court could mean the arrest or liberty of the embattled senator. The hearing is set for 8 a.m. and ANC will bring you the very latest on this story.