The ANC Brief: President not done with water companies

ABS-CBN News

Posted at Dec 11 2019 04:01 AM

When will the President ease off on the water concessionaires? Here are the big stories making the headlines on ANC today:

Bullying big business
A week after a harsh denunciation from President Duterte, embattled Manila Water and Maynilad said they decided not to collect almost P11 billion in compensation from government. In addition, Manila Water said it will not implement rate hikes in January. These moves are sure to impact the two companies’ profits. But President Duterte isn’t done with them just yet. He warned he would seize Maynilad and Manila Water if they fail to provide him a satisfactory explanation for the deals. Economist Calixto Chikiamco told ABS-CBN that bullying concessionaires will have huge reputational costs to the rule of law and sanctity of contracts in the country and will impact water security, credit ratings and investments. The Senate and the House of Representatives will conduct today separate hearings on the issue.

End of a nightmare?
The Supreme Court has approved live coverage of the reading of the decision on the controversial Maguindanao massacre case with many restrictions. Will families of the victims and the nation as a whole finally have closure on one of the grisliest cases of mass murder in the country?

In Duterte’s country
Outspoken U2 lead singer Bono, a long-time member of Amnesty International, made waves with his statements on human rights and a free press in a press conference aired live on ANC Tuesday. The Palace has been critical of Amnesty International in the past for “politicizing” the war on drugs. U2 is set to play in Manila for the first time today and the band has been known to draw attention to the important issues of the day. What statement will the band make today?

Heroes and heels
The curtains are coming down on the 30th Southeast Asian Games. It started with some hope for our athletes but also a lot of controversy. Through the Games, the nation saw heroes both young and old reach sporting glory. Pretty soon, it will be the time for transparency on the public funds spent for the Games. From heroes in the spotlight, will we see heels who helped themselves to public funds get their comeuppance? 

‘Tis the season
For Day 1 of ANCX's holiday unboxing countdown, they have gadgets aplenty. They unboxed one of the most talked about phones of the year, the latest in drone technology, a cool fitness tracker at 70 percent off, and a USB port that allows for wireless charging.