All right, so the Philippines will be stripped of its Generalized Scheme of Preferences Plus (GSP+) tariff privileges by the European Union (EU). The reason is that the EU finds the human rights situation in the country disturbing and so to make sure the country will do something about it they need to impose a harsh economic penalty.
The EU is facing a budget shortfall following the exodus of the UK under #brexit. Tax hikes often naturally follow.
The philippines (and other nations, I would guess) were selected to fill the gap. It could be related to the philippines opposing china's expansion in the south china sea as some have said.
The former could actually be a factor in the EU decision but probably not the latter. Is EU that weak that they could be dictated by China in their decision making?
After former philippine President Ferdinand Marcos passed away in 1989. The billions of dollars his administration stole were never found. IMO the funds were likely stashed in an offshore tax haven. To a certain degree this reality could reflect why Duterte and many other world leaders implement certain policy decisions which are unpopular, unsupported and not understood by the majority of people.
I would like to believe, and I guess, that most of it were found, even those offshore accounts. Unfortunately, only a tiny portion of those were successfully sequestered in favor of the government. The justice system in the country didn't improve much even after the unscrupulous dictator was overthrown in what was considered a generally peaceful revolution. Most of the cases against the dictator, his family and cronies, were dismissed.