The ANC Brief: Sept. 17, 2018

ABS-CBN News

Posted at Sep 17 2018 04:02 AM

Authorities are still assessing the damage left by Typhoon Ompong over the weekend. ANC will be giving you the very latest on the effects of the storm as well as other big stories of the day:

Damage homes caused by Typhoon Ompong in Gattaran, Cagayan. Jeff Canoy. ABS-CBN News

Trail of destruction

Typhoon Ompong ravaged northern Luzon causing floods, landslides and damage to infrastructure and crops. According to Francis Tolentino, who was designated by President Rodrigo Duterte as conduit for disaster response, 57 people are dead. ANC will be keeping tabs on the damage and death toll caused by the storm. Throughout the day, ANC will be reporting on the situation in affected parts in northern Luzon, particularly Baguio City and Itogon which were hit by landslides. Cagayan and Kalinga are now under a state of calamity. The President will hold a press conference in Itogon but no time was given.

Presidential talk

Speaking of the President, in a press briefing in Cagayan, he said he is considering constructing permanent evacuation centers in areas frequently hit by storms. He also said he would form a super body to handle all government procurement. Does this mean procurement laws will have to be amended? The President also said he would appoint Lt. Gen. Rolando Bautista as National Food Authority head to replace another soldier, Jason Aquino. Bautista is due to retire in October. The President also said he is in favor of rice tariffication.

Economic storm

Authorities are still assessing crop damage caused by Typhoon Ompong. In Cagayan alone, an estimated P4.6 billion worth of crops have been damaged by Typhoon Ompong. Before the storm hit, the Department of Agriculture said as much as P7 billion worth of crops could be lost. Authorities have already said crop damage might cause higher inflation. Crop damage and blocked roads will also cause an immediate spike in prices. ANC will give you a deeper dive into the economic effects of the storm with interviews with economists and experts on the likely effects of the typhoon to inflation. 

Meanwhile, the peso and the stock market were floundering last week. The peso could test the P54 level again. The market is still at the 7400 level but a rebound could send it above the 7500 level or even higher.

File photo of Ferdinand "Bongbong" Marcos Jr. George Calvelo. ABS-CBN News

Truth and history

Bongbong Marcos posted a Facebook video of his interview with Juan Ponce Enrile. During Martial Law, Enrile served as defense minister, Enrile led a revolt that toppled the Marcos family form power. In the interview, Enrile said “history favored one group” and that “little by little the truth will come out.” ANC will be reporting on more details from the interview.

Southern bombs

Police are conducting pursuit operations against the perpetrators of the General Santos City bombing that left seven people injured. Another bombing also occurred in Midsayap, North Cotabato on Sunday. ANC will follow-up the investigation into the two incidents.