MPIC stock price. Source: Barron’s.
Just as basketball rules can’t change in the middle of a game, so rules between the government and the private sector can’t change on a whim. But Duterte’s ostensible reason for attacking ABS-CBN seems unreasonably shallow. Duterte once claimed the station committedMore important, Duterte’s attack on ABS-CBN brings to mind similar bullying by the Marcos regime against the Lopezes.of Eugenio “Geny” Lopez Jr. in 1972, shortly after martial law was declared, in a bid to neutralize the political power of the Lopez clan.
Marcos’s forcible takeover of the Lopezes’ businesses and assets was clearly a predatory act. Fast forward to present day, Duterte is repeating history by attacking ABS-CBN.
Can’t blame them. ABS-CBN news is very biased and reporters can be very rude outside work. A lot of them walk around with a God personality.