Originally posted by Reptilian
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*Caveat: a lot of the info about monetary figures in my post is not going to be searchable, as they were heard from the grapevine, which no reporter in Manila would put in print. But I have to point out another factoid: Less than half a year in office, and Duterte's pledge to break the oligarchy already resulted in one Marcos daughter being 18-billion pesos richer: when Duterte publicly named-and-shamed Roberto Ongpin as an oligarch, the latter stepped down immediately as CEO and shares of his internet gambling company PhilWeb plunged, only to be scooped up at a 70% discount by Bongbong Marcos' sibling Irene Marcos-Araneta. Shares picked up after some clarification was made by authorities that it wouldn't be shut down for good. Easiest way to make ₱18-billion (+/-US$ 362M).
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