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

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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.

 

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So, give him more power...?

Favorite nyo yung chilling effect, noh?

sabi na eh. asa pa kayo.

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