Professional Documents
Culture Documents
Five (5) Major Accomplishments of Duterte's Presidency: 1. Significant or A 6.8 Percentage-Point Reduction in Poverty From 23.5 Percent of The
Five (5) Major Accomplishments of Duterte's Presidency: 1. Significant or A 6.8 Percentage-Point Reduction in Poverty From 23.5 Percent of The
4. Breakup of some
oligarchies. The closure on May 5,
2020 of broadcast behemoth ABS-CBN
Corp. of the old Lopez oligarchy is not a
retribution against a pesky media
institution nor intended to intimidate if
not silence critics in media. It is, if you
believe government, an attempt to break
up oligarchies. The Lopezes are the
original Philippine oligarchy, with their
power and influence dating back to the
1800s, or seven generations. The House
of Representatives, where radio-tv
franchises originate, rejected on July 9,
2020, nine bills seeking to renew for
another 25 years, the franchise of ABS-
CBN, which expired on May 4, 2020. In one year, listed ABS-CBN’s market value dropped
from P13.54 billion in May 2019 to almost nothing by today. The company had to lay off nearly
all of its 11,000 workers. Four days after the rejection, Duterted addressed troops in battle-weary
Jolo, Sulu. The President enthused in Pilipino and English: “I can die, fall from a plane. I am
very happy. You know why? Without declaring martial law, I dismantled the oligarchy that
controlled the economy of the Filipino people.”
“The rich,” he said, “milk the government and the people. Without declaring martial law,
I destroyed the people who strangle our economy and do not pay (taxes). They take advantage of
their political power.”
The emphasis on “without declaring martial law” is meant to convey that Duterte was
more powerful (or probably smarter) than the late Ferdinand Marcos who had to declare martial
law in 1972 and proceeded to breakup the various oligarchic families starting with the Lopezes
whose Abs-CBN radio-tv network was seized as part of the strongman’s effort to reform society.
In separate speeches, Duterte had also referred to the Ayala family, founder of the Philippines’
oldest commercial house, in 1834, and the PLDT Group’s Pangilinan, also as oligarchs, and
targeted their utility businesses.