metromanila.politics.com.ph

Tom Villarin says Duterte hammering nails to own coffin with ABS-CBN shutdown

0 50

President Rodrigo Duterte has that special skill of shooing investors away during this pandemic.

Former Akbayan Rep. Tom Villarin said the administration seems to be on a mission to push the local economy down, with its recent moves sure to get more foreign investors scrambling to pack up and leave the Philippines with all the negativity adding to the coronavirus crisis.

“Phils economy contracts, credit ratings down a notch & highest foreign portfolio investments outflow in 6 yrs, give jitters to business, w remittances down & peso expects to slide, this as govt closes down ABSCBN,” the politiko said.

“This admin is hammering nails in its own coffin. Keep it up PDuts!,” he added, dripping with sarcasm.