The ANC Brief: Oct. 17, 2018


Posted at Oct 17 2018 12:05 AM

It’s the last day for the filing of candidacies, while economic managers try to manage growth expectations by revising growth numbers downward. These are the stories ANC will be covering today:

Nancy Binay (right) is accompanied by brother Junjun (left) as she files her certificate of candidacy at the Comelec on October 12, 2018. Jonathan Cellona, ABS-CBN News

Great divides
After scions of the Martial Law-era politicians filed their candidacies on Tuesday, it’s now the turn of various administration allies and a smattering of opposition hopefuls. Scheduled to file their COCs are Sonny Angara, lawyer Romulo Makalintal, comebacking Serge Osmena, Francis Tolentino, Bong Revilla who is under arrest for his alleged involvement in the pork barrel scam, former Solicitor General Florin Hilbay, broadcaster Jiggy Manicad, Duterte supporter Raffy Alunan, and DFA Sec. Alan Peter Cayetano. Hilbay will be on ANC’s Early Edition and Cayetano on ANC’s Headstart to talk about their positions on the polar opposites of the political divide.

Local races
In the local front, the saga continues as Makati City Mayor Abigail Binay and family patriarch former Vice President Jejomar Binay are due to file their candidacies. In Manila, former Mayor Alfredo Lim is set to challenge Erap Estrada. Others set to file their COCs are Ayung Maliksi in Cavite and Francis Zamora in San Juan.

Wetlands awaken
Officials are set to lead the demolition of structures in Boracay island’s wetland 4. It is due to be rehabilitated and turned into a “linear urban park” whatever that means. How well will the environment be protected in this project? ANC will continue to cover the dry run of the island's reopening.

Sergeants in ascendant
There is a scheduled 6:30 p.m. dinner with AFP Council of Sergeant Majors at the Palace. ANC will be ready to air any speech President Duterte might give. And what he could say might be vital to the armed forces. The sergeant majors play an important role in the military’s chain of command. They serve as the bridge between the foot soldiers, or the enlisted personnel, and the AFP Chief of Staff and other officers. The sergeant majors make sure the concerns and welfare of the troops are known to the AFP leadership and are addressed.

Bleak and bleaker
The economic outlook is as bleak as it could be, with no possible glimmer of hope as economic managers made downward adjustments to growth rates and foresee higher inflation. Stock traders believe government is managing growth expectations and that the market has already priced in slowed growth and inflation. The short term isn’t looking too good due to expected volatility. For long-term traders, the current prices might be an incentive to buy. But whether buyers will be at the market for bargains remains to be seen.