Topic: Stock market: P127B lost after Duterte hits water firms - page 2. (Read 356 times)

Pangilinan at Ayala companies talaga ang involved. Matagal na pala yang pinaglalaban yan ng isang congresistang babae pero walang nakikinig sa kanya. Nung mag search ako, almost o more than 7 years na pala niyang inoopen yan sa senate pero walang pumapansin talaga sa kanya. Ngayon, nakahanap siya ng kakampi at yun ang pangulo. Halos parehas nga lang galaw at principle ang stocks at crypto pero mas mabagal sa stocks.

Hindi nila sinasabi yong mga positive sides, puro negative lang na news ang binobroadcast ng mga media, palibhasa galit sila kay Duterte, let's remember na lahat ng ginagawa niya is for the benefit of normal people and hindi ng mga mayayaman na lalong pinapayaman ng mga naunang administration, we don't care about them, we are after the solution Duterte administration will do, just trust guys dahil gusto niya lahat para sa benefit ng lahat hindi ng mga mayayaman.

Sa ayon ako kay President Duterte mas maigi tignan niya rin amga sevice ng maynilad at manila water kasi dito sa amin ang tagal tagal nang walang tubig tuwing umaga hanggang hapon gabi lamang nagkakaroon tapos bakbak pa ng bakbak ng kalsada kaya dapat matakot talaga yang mga company na yan at sana magkaroon tayo ng mas magandang company na magsusuply ng tubig sa atin hindi yang dalawang yan na inatupag kundi manloko ng mga customer nila.

Ang tindi ng mga business owners na to hindi naman lingid sa kaalaman ng mga pinoy na hindi lang waters firms ang hawak nila kundi madami silang stock outside ng negosyong ito. Malaking impluensya ang magagawa nila pero bilang pilipino nasa panig ako ng pangulo. Dapat maihayag na yung kalokohan ng mga perwisyong negosyanteng katulad nila sana nga ituloy ni pangulong Duterte na itakeover ng militar yung MWSS magkasubukan na talaga kung gaano kalaki ung perang palalabasin ng mga mayayaman na to para ikalugi nila..

I am with the decision of PRRD, imagine ganito pala yan, kapag hindi naapprove yung presyong hinihingi ng maynilad sa tubig at ng manila water ipapasa sa gobyerno kaya nagkaroong ng 10b utang ang gobyerno sa kanila ibig sabihin hawak ng dalawang kumpanya sa leeg ang gobyerno kaya kahit anong presyo gusto nila dapat approbahan kundi ang gobyerno ang magbabayad kaya kapag tumaas ang presyo walang angal kahit na nakukuha nila ng libre ang tubig at kung tutuusin bawing bawi na sila sa pag lilinya ng mga tubo nyan. Imagine ang presyo nyan is 25 pesos per cubic meter at may mga extra charges pa kaya dapat lang ang ginawa ng Presidente at sana lang e ang mga basic commodities ay mahawaka ng gobyerno at hindi ng mga oligaryo.

yeah I know that's why I express in my post that hopefully mod will not delete since I can't find the appropriate board for my post.



I beg to disagree, for water system it is for manila only but there's a bigger issue here which is the onerous contract.
This company is charging the government billions of money and with that, we are all involved as that money come from our taxes.


They applied for extension I guess but that's not the thing here.
The Ayalas and Pangilinans were accused by Duterte of economic sabotage and they can't do this alone, so there will be more corrupt officials that will be expose here, with the investigation by the congress all the involved in this disadvantageous contract should answer to the government accordingly and they need to be in jail if proven committed a criminal offense against the government.


The are establishing facts, the investigation has just recently started, we have to be patient and hope that they will come up with facts on who should be held accountable for this big criminal offense.
We know how the oligarch play, they use their money and their influence but we should be thankful we have a president who are brave to expose their anomalous contract.

The mod has all the right reasons to lock this thread since this is not at all related to cryptocurrency. But this could very well be discussed in the off-topic thread as this is indeed a pressing issue.

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My thoughts on this.

[1] This is actually more of a local issue. This is an issue that directly affects the people within Metro Manila and some nearby towns and cities, not the entire archipelago. Sometimes, I ask myself why the news on our national televisions, radio stations, and newspapers are all about this issue when the rest of Philippines is not connected to it.

[2] The contracts of the two concessionaires involved were signed in 1997 and, because of the recent cancellation, will end on 2022. There is not much to improve here because they are close to their end. There were onerous provisions but these provisions have been in effect for more than 20 years already. What is the point of changing them today when it is only a few years time before the contract will expire?

[3] The two concessionaires already waived their billions of pesos in claims against the government. The extension has been canceled. What is only left unattended perhaps is the accountability of the people involved. But if the congressional hearings are all about finger-pointing, they better be kept out of the national news.

[4] This is actually just another game among and between the few elites and the powerful. The victims, the ordinary people within the limited areas affected, are actually left out in the picture.

They are trying to reconcile because they got "check mate" already.
Not going after the 10 billion collectible to the government is non sense because the administration would not pay that amount anyway.

They need to face the consequences of their selfish action, they (water concessionaires ) are too selfish to even pass their corporate tax to the consumers while continue collecting fees for service improvement purposes when they can't provide to the people a better service.

they will be expose more as for sure there's a lot of anomalous transactions in the past that are yet to be discovered.

Kudos to the President for being brave enough in protecting the interest of the Filipino people.

Selfish people and anti Duterte people will say the president is doing bad for our stock market and our economy in general. Actually our economy is performing well. Responsible investors have their own stop loss prices. Many are crying, whining and angry with our president because they lost big amounts. These selfish individuals are hindrance of our nation's progress. Even these water concessionaires are trying to reconcile with the president as they support him. You think those companies are losing big time? Yet they are ready to waive their billions claims. Duterte is not perfect but I agree with him on this issue.  

I am not trading outside crypto but it seemed like the same principle is use, there's also a panic because it's the president that is threatening the business of ayala and Pangilinan and these are their major businesses which are a billion dollar business so if something bad happens, other business might be affected as I believe these two tycons have ayala group of companies and pangilinan group of companies.

It looks like it's not wise to invest in philippine stock market at this time as the president might continue to look other businesses that he can stop when necessary.

Ganyan talaga sa stock market kapag merong pangit na balita sa company tapos holder sila ng stocks nun, benta agad. Pero may magandang entry rin sila dyan kasi kapag bumaba bibili din yang mga yan agad agad. Katulad nalang ng nagkaroon ulit ng balita na hindi na nila sisingilin yung gobyerno ng P10B mahigit. Antayin natin pati yung stocks ng ABS-CBN before March baka bumagsak din. Hindi ako expert sa stocks pero parang crypto market din kapag may mga pangit na balita.

I know most of us are aware about the biggest issue in our country which is the  Manila Water Co. and Maynilad Water Services Inc. onerous contract between the government. As president Duterte is threatening these two companies for economic sabotage on the said unjust contract, this results to panic selling of the investors of the said companies.

This is a big issue of the Philippines now and I think it's just right to bring it here and let's discuss about it.
It should be People of the Philippines against these two water Concessionaires.

KABAYAN, what's your take on the latest issue?


source : https://newsinfo.inquirer.net/1201237/stock-market-p127b-lost-after-duterte-hits-water-firms


PS. I hope mods will not delete this as it's a very important issue that involves every Filipino.