Must Read
PBBM. President Ferdinand Marcos Jr delivers his 4th State of the Nation Address, at the House of Representatives, on July 28, 2025.PBBM. President Ferdinand Marcos Jr delivers his 4th State of the Nation Address, at the House of Representatives, on July 28, 2025.
DA chief: Liza Marcos, brother not involved in rice, onion import anomalies
MANILA, Philippines – Agriculture Secretary Francisco Tiu Laurel Jr. on Thursday, November 27, defended First Lady Liza Marcos and her brother, Martin Araneta, from allegations of involvement in rice price manipulation and the onion cartel.
“Napakasinungaling talaga niya (He is such a liar),” Tiu Laurel told reporters day after former Ako Bicol representative Zaldy Co released another video accusing the First Lady and her brother of corrupt activities. “The First Lady has never meddled in any DA (Department of Agriculture) matters.”
In a video released on November 26, Co alleged that Tiu Laurel asked the House mega-panel cut short its inquiry into rice price manipulation and claimed that Martin Araneta was involved in the onion cartel that jacked up prices in 2022.
Tiu-Laurel said that Araneta never requested for any accommodations regarding importations of onions or any agricultural commodities.
“I’ve been in this office for two years, not once did Martin Araneta made a request for importation of onions or any agricultural commodities,” Tiu Laurel said in a mix of Filipino and English.
“Hindi ho katulad ni Zaldy Co (Unlike Zaldy Co),” he added.
In July 2023, the President ordered the Department of Justice (DOJ) and the National Bureau of Investigation (NBI) to investigated the alleged onion cartel and the smuggling and hoarding of other agricultural products. A year later, he signed the Anti-Agricultural Economic Sabotage Act categorizing smuggling, hoarding, profiteering, and cartel operations of agricultural products as forms of economic sabotage.
Allegations vs Zaldy Co
Tiu Laurel said that during a meeting sometime in March 2024 at the Manila Polo Townhouse, Co requested for sugar import allocation amounting to 200,000 metric tons for a major importer that Co introduced to the DA chief at that time. In 2024, the Philippine government only allowed a total an importation of of 240,000 MT of refined sugar.
There was a similar scenario previously involving fish imports. In September, Tiu Laurel said Co asked him to approve fish import allocations for three fishing companies, two of which Tiu Laurel said had dubious background.
Apart from the First Lady and her brother, Co implicated the President’s son House Majority Leader Sandro Marcos in the budget insertion mess. According to Co, Sandro Marcos inserted billions in the 2023, 2024, and 2025 budgets amounting to P50.938 billion. The lawmaker denied the allegation.
– Rappler.com
Market Opportunity
Notcoin Price(NOT)
$0.0005341
$0.0005341$0.0005341
USD
Notcoin (NOT) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Unlock Potential: OKX Lists LIGHT Perpetual Futures with 50x Leverage
BitcoinWorld Unlock Potential: OKX Lists LIGHT Perpetual Futures with 50x Leverage In a significant move for crypto derivatives traders, OKX has announced the
Share
bitcoinworld2025/12/16 15:30
New Gold Protocol's NGP token was exploited and attacked, resulting in a loss of approximately $2 million.
PANews reported on September 18th that according to Paidun monitoring, New Gold Protocol's NGP token was exploited in an attack, resulting in a loss of approximately $2 million. The NGP token plummeted 88% in an hour, and the attacker deposited the stolen funds (443.8 ETH) into TornadoCash.
Share
PANews2025/09/18 11:10
USDC Exchange Inflows Hit $1.33B, Highest in Over Four Years
The post USDC Exchange Inflows Hit $1.33B, Highest in Over Four Years appeared on BitcoinEthereumNews.com. Key Points: Daily USDC inflow reaches $1.33B, marking a 4-year record Global stablecoin supply surges to an all-time high of $280B USDC market cap grows steadily, reflecting rising institutional interest USDC inflows into centralized exchanges have reached $1.33 billion, the highest level recorded in more than four years. This surge indicates renewed investor interest and suggests a strong return of capital to crypto markets. USDC Exchange Inflow + BTC Price | Source : CryptoQuant The recent inflow occurred in mid-September 2025 and followed consistent large deposits over the past month. Notably, inflows of $1.2 billion and $1 billion were seen in early and late August, respectively. Rising Exchange Inflows Signal Increasing On-Chain Liquidity Large stablecoin inflows to exchanges often signal potential market activity, especially when the volume exceeds historical averages. The $1.33B inflow represents a significant injection of liquidity and indicates increased market readiness. When stablecoins like USDC are sent to exchanges in large amounts, it typically reflects user intent to trade or reposition capital. These actions suggest that investors are preparing for market moves or accumulating digital assets. Global Stablecoin Supply Surges to $280 Billion The global supply of stablecoins has reached an all-time high of $280 billion, showing strong growth from a low of $125 billion in mid-2023. This doubling in supply over two years reflects rising demand for digital dollar-based assets. Global Stablecoin Supply at all-time high of $280 billion | Source : token terminal This growth indicates broader adoption across use cases such as trading, payments, and decentralized finance. The consistent increase in outstanding supply also reflects capital inflows from both institutional and retail users. USDC Sees Steady Growth in Market Share and Trust USDC’s market capitalization has climbed to approximately $63 billion, continuing its recovery from previous lows. This steady rise signals improving market sentiment…
Share
BitcoinEthereumNews2025/09/19 17:12