MANILA : The Philippines Tuesday hailed the retention of duty-free privileges for most of its exports to the European Union despite concerns over alleged “extrajudicial killings” in President Rodrigo Duterte’s war on drugs. The European Commission announced on Monday that Philippine shipments worth an estimated 120 billion pesos ($2.35 billion), about 66 percent of annual exports to its number-two trading partner, would carry no duties.The decision followed a fraught review in which the Europeans raised the issue of Duterte’s anti-crime crackdown. This has left nearly 4,000 drug suspects dead and drawn criticism from human rights monitors that he was mounting a crime against humanity.We are elated that GSP (Generalised Scheme of Preferences)+ was retained,” Duterte spokesman Harry Roque told AFP on TuesdayThe commission concluded Monday that the Philippines had made progress on labor rights, environmental protection, gender equality, people trafficking, health, education, social-economic rights and the fight against corruption, an EU statement said.However, extrajudicial killings, in particular in the fight against illegal drugs, related impunity, as well as the possible reintroduction of the death penalty and the lowering of the age of criminal responsibility are of serious concern.”Philippine authorities said Monday they had killed 3,987 suspects in anti-drug operations since Duterte came to power in mid-2016.An unspecified number of people had also been killed by unknown suspects in 2,235 “drug-related incidents” that are being investigated by the police.Duterte has also asked Congress to reimpose the death penalty, preferably by hanging, and to lower the minimum age of suspects who can be prosecuted for crimes.
Investors troop to year’s first RTB issue; P134 billion awarded
THE Bureau of the Treasury (BTr) has awarded an initial P134 billion worth of three-year retail treasury bonds (RTBs), which...
