Finance Secretary Carlos Dominguez III says investors will see that the government is upholding the rule of law if the allegations against ABS-CBN are proven.
Finance Secretary Carlos Dominguez III says investors will see that the government is upholding the rule of law if the allegations against ABS-CBN are proven.endIndex: Metro Manila (CNN Philippines, February 18) — Finance Secretary Carlos Dominguez III sees a boost in investor confidence if Solicitor General Jose Calida’s allegations against ABS-CBN are proven. “There’s a claim by the OSG (Office of the Solicitor General) that there’s a violation of the regulations. In fact, it might be a constitutional violation. I think if that’s proven, the investors will say ‘Oh these guys are upholding the rule of law,’” Dominguez told reporters Tuesday. The position of the Finance chief — President Rodrigo Duterte’s finance manager during his 2016 campaign — is a far cry from the stance of Socioeconomic Planning Secretary Ernesto Pernia who said the looming shutdown of ABS-CBN may hurt investor confidence . Political analyst Dindo Manhit also told CNN Philippines on Monday that President Rodrigo Duterte’s attacks on ABS-CBN and other big businesses, like water concessionaires Maynilad and Manila Water, create an uncertain regulatory environment that can spook investors. “Let’s not have a certain regulatory environment that puts question or danger in this investment. Because at the end of the day the one who will suffer is the Filipino people who might lose jobs,” Manhit said. Calida on February 10 asked the high court to cancel ABS-CBN's legislative franchise weeks before it lapses. He claimed the network committed"highly abusive practices" in violation of terms set by Congress when it approved ABS-CBN's franchise in 1995 when it set up the KBO channel and when it supposedly allowed foreign investors to control the company. ABS-CBN’s legislative franchise remains pending in the House, where lawmakers are not inclined to start hearings on the issue until May, two months after the TV network’s franchise expires. Read more: CNN Philippines
And if it is unproven and ABS-CBN comes out barely breathing after several beatings by the government what happens then? Investor confidence will surely suffer a free fall. Absolutely wrong. If there are violations then sanctions and fines are the cure. Shutting them down sends the wrong message to investers. What company will duterte attract next?
It is all part of the masquerade to allow China to take control of the media and utilities initially. 🖕🖕🖕👎👎👎 nahawa na si carlos sa IQ ng dedeEs or pera-pera lang never knew he has it in him.... IDIOT Ha?! Meron bang rule of law na sinusnod si Digong? Ulol Duterte turning a blind eye to POGOs who are not paying taxes and not employing locals while putting pressure on a local company which paid its taxes and employing 11,000 locals. Yeah, I can see why that’s reassuring 🙄🙄🙄
What happening is different...government attacks to companies and unlawful government policies makes investors moved out. Is there anybody who can relay the status of $PSEI to this SecSonnySays. I think he is blind Paano? Haayyyssss... Word play. Galing umiwas! Habulin nyo yung POGO!
Dominguez sees investor confidence boost if ABS-CBN 'violations' proven trueFinance Secretary Carlos Dominguez III says the government would be perceived as 'upholding the rule of law.' But rights groups have slammed the petition vs ABS-CBN as a threat to press freedom. Anyone to buy ABS CBN For $300 billion. What about you beast President where is your Crony? What 'rule of law' are you talking about, Sir? it also threatens the country's property ownership rights. a decent family build their posessions within the framework of the law and the freemarket and now they get to be badly labeled for that hardwork. this isnt what democracy is all about!
Solon backs House-Senate resolution to prompt provisional permit for ABS-CBNAgusan del Norte Rep. Lawrence Fortun said there is a need for a resolution as there is no legal basis for the National Telecommunications Commission to allow a provisional operation by ABS-CBN. | NAMercadoINQ
Poe vows to protect resource persons in ABS-CBN franchise renewal hearingSenator Grace Poe has pledged to protect resource persons who will be invited in the hearing of the Senate committee on public services on the renewal of ABS-CBN’s franchise. | CMRamosINQ CMRamosINQ Pwede ba sa april 11 yan? CMRamosINQ Promise to protect? With what exactly CMRamosINQ Lobbyist 💩💩💩
Calida files gag order on ABS-CBN | Evening wRapWatch Rappler’s evening newscast with Bea Cupin.
Lawmakers want NTC to issue provisional authority to ABS-CBNIs this karma to what you did to Mel Tiangco before?
Largest Fil-Am federation supports ABS-CBNWASHINGTON, DC — As the Duterte administration threatens to shut down ABS-CBN, the National Federation of Filipino American Associations (NaFFAA) stressed the importance of the broadcasting INQdotnetUSA Oh, isn't ABS-CBN and TFC among the major sponsors of NaFFAA's annual National Empowerment Conference? Alam na. YesToABSCBNShutDown