philippine gaming ‘oligarch’ resigns after duterte attack
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Philippine gaming ‘oligarch’ resigns after Duterte attack

Arab Today, arab today

Arab Today, arab today Philippine gaming ‘oligarch’ resigns after Duterte attack

Philippine gaming ‘oligarch’ resigns after Duterte attack
Manila - Arab Today

The head of prominent Philippine online gaming firm Philweb Corp. resigned Thursday, a day after President Rodrigo Duterte threatened to “destroy” him and accused him of being an oligarch.
Speaking to members of an election watchdog on Wednesday, Duterte called Roberto Ongpin an oligarch, saying the company’s chief got rich thanks to his close connections with four previous presidents, including the late dictator Ferdinand Marcos.
Duterte, who has launched a controversial crackdown on crime that has left hundreds dead, called on the country’s legislature to amend the constitution, in part to curb individual influence of wealthy residents over the government. “My order to the (assembly): Destroy the oligarchs that are embedded in government now. Those are the ones. I’ll give you an example, publicly, in front of the nation: Ongpin, Roberto.”
“These are the guys, who, while sitting inside their planes or their mansions everywhere, are raking in money like taxi meters.”
Ongpin announced his resignation in a disclosure carried by the stock exchange, but did not give a reason for the move.
“I hereby tender my resignation with immediate effect as chairman and director of Philweb Corporation and all of its subsidiaries,” read the statement.
Philweb shares had closed 36.88 percent down at 8.95 pesos (19 US cents) after plunging to a year-low of 7.12 pesos earlier in the trading day Thursday.
In a speech at an environmental conference on Friday, Duterte renewed his attacks on oligarchs, saying “these are the people who take the wealth of our nation but don’t spend anything but their saliva and connections.”
Philweb won a government license to launch Internet cafés exclusively dedicated to hosting casino games in 2003.
Duterte has previously vowed to fight corruption but his main focus has been a war on crime that has seen the killing of hundreds of suspected drug dealers since he was elected on May 9.

Source: Arab News

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

philippine gaming ‘oligarch’ resigns after duterte attack philippine gaming ‘oligarch’ resigns after duterte attack

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

philippine gaming ‘oligarch’ resigns after duterte attack philippine gaming ‘oligarch’ resigns after duterte attack

 



GMT 15:46 2018 Wednesday ,12 December

Festive Fashion by Dubai-based designer ASMARAÏA

GMT 09:00 2018 Wednesday ,12 December

May tours Europe in desperate bid to save Brexit deal

GMT 13:29 2018 Friday ,14 December

Turkey targets military over alleged Gulen links

GMT 09:12 2018 Wednesday ,12 December

Ford trains 1,600 motorists in Mideast, Africa in 2018

GMT 10:03 2018 Monday ,10 December

23 Palestinians arrested in West Bank

GMT 09:47 2018 Monday ,10 December

Russian ex-policeman convicted over 56 murders

GMT 19:01 2018 Thursday ,04 October

LEAD S. Korean firms offer aid for quake-hit Indonesia

GMT 11:02 2018 Tuesday ,11 December

ASE opens trading on lower note

GMT 14:08 2018 Friday ,14 December

Bank of Russia raises key rate

GMT 17:37 2017 Thursday ,04 May

Heba Rosas reveals foods that improve mood

GMT 05:35 2017 Thursday ,23 March

ECB: Protectionism may raise trade deficits
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday