Must Watch: Pres. Duterte Lambasts Lopez Group of Companies for Borrowing Heavily from DBP (Video)

The tough-talking President of the Philippines, Pres. Rodrigo Duterte lambasts ABS-CBN anew, one of the company owned by the Lopez Group of Companies. The President accused the oligarchs behind the Lopez Group as the main culprit why the DBP went bankrupt.



According to Pres. Duterte, the Lopez Group of Companies borrowed heavily from the Development Bank of the Philippines (DBP) that's the reason why it got bankrupt.

Watch the Statement of Pres. Duterte Attacking the Lopez Group:



Pres. Duterte was quoted as saying "Yung Lopez Group of Companies remember, they borrowed heavily from DBP, bakit nalugi ang DBP, bakit dumayb yan, why it was privatize." Why, because they did not paid the billions owned to the government. You know it was condone." the President said.

Pres. Duterte added further that "Sabi ko sa inyo yang mga elitista. Alam mo kinakain nila pera natin," Pres. Duterte stated.



The very first President from Mindanao also made mentioned of another media giant Inquirer particularly on their ownershiop of Mile Long which owe the government millions of taxes.

This is not the first time that Pres. Duterte called the attntions of the oligarchs and the big player in the media industry such as ABS-CBN and Inquirer. The President already warned earlier the two companies to behave and be fair with their mandate of being members of the press and they should pay any obligations they owe from the national government.

Source: Facebook

Must Watch: Pres. Duterte Lambasts Lopez Group of Companies for Borrowing Heavily from DBP (Video) Must Watch: Pres. Duterte Lambasts Lopez Group of Companies for Borrowing Heavily from DBP (Video) Reviewed by Phil Newsome on March 07, 2018 Rating: 5
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