Third among 22 most crony-ridden economies, Philippine GDP went four-fifths to firms owned or favored by the ruling party.
Crony capitalism is under attack globally, but worsened in the Philippines in the past two years, The Economist magazine reports. India and Brazil have jailed billionaires who made piles from repeated sleazy government contracts.
A Constituent Assembly (Con-Ass) may be less expensive and time-consuming but President-elect Rodrigo Duterte prefers a Constitutional Convention (Con-Con) to frame a new charter and to convert the country’s unitary government to a federal one, according to Davao del Norte Rep. Pantaleon Alvarez.