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Kick start your day, May 11: Business groups, leaders express support for Duterte

Plus, the searchable database of Panama Papers is up and shows connections to some prominent Filipino names.
By Entrepreneur Staff |

 

Duterte
SUPPORT. The influential Makati Business Club says on Tuesday, May 10 thtat it welcomes the clear mandate given our new leaders by our people and the credibility of the elections. Davao City Mayor Rodrigo "Rody" Duterte is heading for a landslide victory. Photo from Duterte's Facebook page

 

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The tone changed, as it is becoming clear that Davao City Mayor Rodrigo “Rody” Duterte is heading for a landslide presidential win.

 

When some analysts before expressed apprehension over a Duterte win, and business groups called for voters to really think about voting for the mayor, Tuesday, May 10, saw an outpouring of best wishes and wish lists for the presumptive president.

 

Related: How Duterte’s lead links to PH peso's fall in April

 

The Makati Business Club (MBC) urged Filipinos to support the country's new set of leaders and help them to further boost the economy.

 

"We call on all Filipinos to come together, to support our new leaders. Let us focus on those aspirations that unite us, rather than on the issues that divide us. After all, despite our divisions, we all aspire for the common goal of authentic freedom and inclusive development," MBC said in a statement Tuesday.

 

"On the part of the business community, we welcome the clear mandate given our new leaders by our people and the credibility of the elections, and we stand ready to be an active and participative partner of government in ensuring sustainable and inclusive growth that benefits not just a select few but all Filipinos," it added.

 

Partial, unofficial tally of votes is available also on these websites: ABS-CBN newsGMA News, and Rappler.com

 

COMELEC also launched this website, http://www.pilipinaselectionresults2016.com/.

 

 

Panama Papers update

For the first time on May 9, the public gained access to the Panama Papers—records of over 200,000 secret offshore companies that reveals the full extent to which the world's wealthy, alongside criminals, create such nominee companies to stash and transfer assets out of sight of the law and tax officials.

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The database, a portion of the 11.5 million documents leaked from the Panama law firm Mossack Fonseca, shows 311 officer, 78 intermediaries, 40 entities, and 583 addresses connected to the Philippines.

 

Among the names shown included in the database are:

 

• Former Senator Edgardo Angara, his wife Gloria, and Senator Juan Edgardo "Sonny" Angara, all listed as officers of Arkwright Assets Limited, a company with a registered address in the British Virgin Islands.

 

Irene Marcos Araneta, the youngest child of Ferdinand Marcos Sr and sister of vice presidential candidate Senator Ferdinand Jr, along with her husband Gregorio Ma. Araneta III. Both are listed as shareholders of Orient Wind Development Limited, registered in the British Virgin Islands.

 

• Henry Sy Jr, eldest son of mall magnate Henry Sy Sr, who is connected to the company Success House International Limited.

 

• Former senator Consuelo "Jamby" Madrigal is listed as shareholder of Vines Global Limited, with listed address in Beijing, China

 

• ABS-CBN chairman Eugenio Lopez III is listed as a shareholder of Derrydowns Limited, a company with listed address in Ningbo, China.

 

Browse here for more names, companies connected to the Philippines.

 

Reports published in April based on the explosive dossier linked some of the world's most powerful leaders, including Russian President Vladimir Putin, British Prime Minister David Cameron and others to unreported offshore companies.

 

Related: Who are the Filipinos on Panama Papers leak? - Lynda C. Corpuz

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