Duterte in LAST BATTLE, this time against the OLIGARCHS. He has named the Ayalas of Manila Water and Manny Pangilinan of Maynilad. The problem stems from a victory the two water concessionaires secured from an international court. Mr. Duterte claims that the contracts entered by the Philippine government are detrimental to the Filipino people so he intends to file economic sabotage or PLUNDER charges against the owners of water distributor companies. PLUNDER is NON-BAILABLE. To stress his point, Duterte injected some of his patented politically incorrect statements saying that if he can not achieve his ends in the usual legal way, he would just lock up the water company offices (with the oligarchs inside) and pour gasoline and burn the whole place down. At his advanced age, the President is ready to go to prison. President Duterte also mentioned that MAINSTREAM MEDIA is controlled by big business so news release is ignored or selective (only favorable to huge corporations and conglomerates).
‘Milked by billions’: Duterte threatens economic sabotage case vs water distributors
“Ang kontrata napakatagilid na tagilid because if they fail to realize the profit during the lifetime of the contract or at any period babayad tayo sa nalugi nila. Anak ng… P***** i** naman ninyo kung ganun,” he added.
(The contract is really lopsided because if they fail to realize the profit during the lifetime of the contract or at any period, we will shoulder their losses.)
The Singapore-based Permanent Court of Arbitration earlier ordered government to pay P3.4 billion to Maynilad and P7.4 billion to Manila Water as compensation for losses the water concessionaires incurred due to denied rate increases.
Maynilad Chairman Manuel Pangilinan earlier said his firm is “more than willing” to drop arbitration proceedings with government as long as there is a “way forward” on tariffs.
Manila Water, for its part, said that it would work with the government “for an orderly and managed satisfaction of the award.”
Following the court rulings, Duterte said he has asked the Department of Finance and the government’s top lawyer to craft a new contract on water distribution that is “really favorable to the public.”
“Bigay mo sa kanila (give it to them). ‘This is the amended contract. Accept it or nothing to it’,” Duterte said.
Angered by the required payment, the President said he would “expose” people who benefited from the supposedly lopsided water distribution contract.
“I-expose ko talaga ‘yung mga mayaman na nakikinabang sa bayan na libre,” he said.
(I will expose rich people who benefit from the country for free.)
“Hihilahin ko sila, kung ako titirahin nila but I will make their life from hereon very, very, very miserable,” he said.
(I will bring them down. They can hit me but I will make their life from hereon very, very, very miserable.)
Duterte even slammed the Ayalas for supposedly cheating the government of its dues.
“They do not pay corporate income tax. Ang corporate income tax hinuhulog nila sa tao,” he said.
“Patingin ko sa mga Pilipino kung paano manampal ng mga milyonaryo, bilyonaryo. Le**e kayo… Inano ninyo ang Pilipino e,” he added.
(I will show the Filipinos how to slap millionaires and billionaires.)