Manila Water is seeking a middle ground after the tongue-lashing it got from President Duterte no less. Here are the stories making the headlines on ANC today:
After President Duterte’s tirade against water concessionaires, Manila Water is seeking a “workable solution” with the Duterte government on the P7.4 billion compensation to the company from the state. The stock market was dragged down by stocks related to these concessionaires. Some senators said they back the president’s move to amend the water deals between the concessionaires and government.
The government’s economic managers will be presenting today the November 2019 inflation numbers and the October 2019 employment statistics. Analysts said inflation likely quickened for the first time in 6 months due to higher food prices.
No place on the podium
Some sporting events added for 30th Southeast Asian Games by host the Philippines like arnis and obstacle course are contributing to the country’s medal haul. There are more medals from gymnasts Carlos Yulo and swimmer James Deiparine. Billiard legend Efren “Bata” Reyes advanced to the semifinals in the 3-cushion carom. But the Philippine Azkals felll by the wayside.
Bucking Martial Law
Defense Sec. Delfin Lorenzana said he would not be recommending the extension of martial law in Mindanao. Will this bring some more normalcy and stability to the region? He said more businessmen would be encouraged to invest in Mindanao if Martial Law there was lifted.
At this year’s “SEA Games” for sommeliers, Filipino “next gen” sommeliers Ian Santos and Odie Pineda are pitting their wine knowledge and service skills against their Southeast Asian counterparts. ANCX finds out who comes out on top.