Business

Duterte to stop granting concessions to oligarchs until 2022: Pag pinilit mo ako, uupakan kita!

President Rodrigo Duterte will not grant any new concession agreement, even if it’s legal, to oligarchs in the last two years of his administration.

President Rodrigo Duterte will not grant any new concession agreement, even if it’s legal, to oligarchs in the last two years of his administration.

But if these bilyonaryos insist, Duterte vowed to dismantle them like he did to other oligarchs, specifically the Lopezes, Ayalas, Consunjis, and Salim-MVP group.

“This time, in the next two years, I will not give any new concession at all, however legal their application is. ‘Pag oligarch ka, sasabihin ko sa ‘yo: ‘Adre ayaw kong away sa ‘yo, ‘pag pinilit mo ako, uupakan kita,” said Duterte in the unedited version of his speech in Jolo.

“Mga put*ngin* kasi dito, magplano ka ng electric, may mag-apply agad, sila rin. Walang mangyayari, kaya ako tamad magtrabaho, sila lang may pera,” he added.

Duterte said he was proud of his handiwork in his first four years in office where he carried out his campaign promise to destroy the oligarchs.

“Ako tapos na, pinakita ko na, at least bahala na kayo, ‘yan yung mga tao (oligarchs) na ginagatasan kayo ng ilang taon. Kanila lahat negosyo. Ma-tubig, ma-electric, lahat kanila. Ako may dalawang taon pa, ‘di ko alam gawin ko kung matapos ako. I said I will destroy the oligarchy, ‘yan sinabi ko sa kampanya…Habang nandito mga taong ito, kontrolado nila,” he added.

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