Duterte's threats have chilling effect on investors, warns business group

  • 📰 rapplerdotcom
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 86%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Businesses earlier hoped to hear a concrete plan for reviving the economy in President Rodrigo Duterte's 5th State of the Nation Address. Instead, they get a tongue-lashing. SONA2020

big businessesWithin the first 5 minutes of his speech, Duterte had slammed the Lopez family, owners of media giant ABS-CBN.

“Media is a powerful tool in the hands of oligarchs like the Lopezes who use it in their battle with political figures. I am a casualty of the Lopezes during the 2016 elections,” said Duterte. Francis Lim, president of the Management Association of the Philippines, said this triggers fears that Smart and Globe could suffer the same fate as ABS-CBN.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

So, give him more power...?

Favorite nyo yung chilling effect, noh?

sabi na eh. asa pa kayo.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in CA

Canada Canada Latest News, Canada Canada Headlines