The ANC Brief: Duterte goes after the rich


Posted at Dec 04 2019 04:00 AM

President Duterte railed against many things in his last speech. Here the big stories making the headlines on ANC today:

Ranting against the rich
In his last speech, President Duterte ranted against the “oligarchs,” threatening to file economic sabotage against the rich. Will he make good his threat? Duterte praised the Villars, who he said built their empire from the scratch. On the other hand, he accused the Ayalas of not paying corporate income taxes. ANC will interview analysts on the president’s newest statements which have a lot of implications for politics and business. Will Duterte’s narrative against the rich stick? What does he hope to accomplish politically?

Water woes
The President asked Finance Sec. Sonny Dominguez to draft a new water contract that is favorable to the government, otherwise he would file economic sabotage against the Ayalas. He also said the Ayalas are treating water as a commodity. Last Friday, the Ayala-owned Manila Water Co. won a case before the Permanent Court of Arbitration in Singapore. The court ordered the Philippine government to pay Manila Water Co. P7.4 billion in losses due to the non-implementation of water rate hikes. 

Thrill of victory
Philippine athletes in arnis, wushu, and gymnastics are raking in more medals for the country in the SEA Games. Billiards champ Efren “Bata” Reyes is scheduled to play his first game today. Also, the creative director of the SEA Games opening program Floy Quintos admitted that the lighting of the torch was pre-taped, saying they were concerned with the weather. He also defended the use of the song “Manila,” after presidential daughter Sara Duterte-Carpio objected to the use of the song as not being inclusive.

Tisoy's wrath
Typhoon Tisoy is heading out into the West Philippine Sea leaving damage in its path across the Bicol Region and the rest of Luzon. The Legazpi airport was heavily damaged. Some passengers were stranded in Sorosogon and Masbate ports. And 25,000 boy scouts attending a jamboree were evacuated in Zambales. ANC will take stock of aftermath left behind by the storm.

Digital art
Want to buy art but the distance and the traffic prevent you from checking out what’s available? ANCX suggests Spotlight, Silverlens’ online initiative to sell works by the artists that it represents through Instagram Stories.