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P20/kl rice ‘not possible today’ Laurel cites high prices in world market, need to change laws By Othel V. Campos and Macon Ramos-Araneta
A
GRICULTURE Secretary Francisco Tiu Laurel Jr. on Monday said President Marcos’ campaign promise of bringing rice down to P20 per kilo is not possible at present, even as the country is headed for a record-high paddy rice output of over 20 million metric tons (MT) this year.
VOL. XXXVII • NO. 265 • 3 SECTIONS 12 PAGES • P20 • TUESDAY, NOVEMBER 7, 2023 • www.manilastandard.net • mst.daydesk@gmail.com
Maharlika Fund rules finalized, Marcos reveals
“The P20 per kilo was an aspiration, in a mix of English and Filipino, at his right? The problem now is that we are first press briefing as head of the Deat a 15-year high in the world market… partment of Agriculture (DA). Today that is not possible,” Laurel said Next page
AFP, DND told to maximize deployment PRESIDENT Marcos directed the Department “As we move now from focusing on ensuring inof National Defense and the Armed Forces of ternal security for the country, we now have to bolthe Philippines to maximize the deployment of ster the country’s external defenses. And I exhort forces as the country faces current and future the DND and the AFP to maximize and strategically Next page geopolitical challenges.
By Vince Lopez THE revised implementing rules and regulations (IRR) of the Maharlika Investment Fund have been finalized, President Marcos said yesterday. “Upon our approval, we will swiftly establish the corporate structure, getting the MIF up and running,” Mr. Marcos said in a statement posted on his social media accounts. The IRR of the country’s first sovereign fund was released in August and was supposed to take effect in September, but the Palace suspended its implementation “for further study” last month. Among those who met with Mr. Marcos at the Palace prior to his announcement was Government Service Insurance System head Jose Arnulfo Veloso. Under the original IRR, the Maharlika Investment Corporation, with an authorized capital stock of P500 billion, shall act as the
PROTEST BUOY. Fishermen in Masinloc, Zambales release a giant buoy effigy on Monday at the island of San Salvador to convey their hunger and anger toward China because of the Chinese maritime militia’s continued harassment and aggression of Filipino fishers at Scarborough Shoal. Joey O. Razon
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Sketch of radioman’s killer out as NBI probe starts House won’t back down to critics, threats, ‘divisiveness’—Speaker
By Vince Lopez, Rey E. Requejo, Maricel V. Cruz, Macon Ramos-Araneta and Rio Araja
By Maricel V. Cruz
THE Philippine National Police (PNP) on Monday released a composite sketch of the man who shot and killed radio anchor Juan Jumalon while he was livestreaming his program in Calamba town, Misamis Occidental on Sunday. At the same time, the National Bureau of Investigation (NBI) is already investigating the case, Justice Secretary Jesus Crispin Remulla said, adding that he expected an initial report in 24 hours. “It’s very sad. I cannot imagine this happening just like that. It’s really gruesome and it’s difficult to believe that it actually happened. So we will not allow this to go unresolved and we will do everything to get the perpetrator or perpetrators. We will also determine the real motive Next page
FACE OF A KILLER. Police on Monday release a composite sketch of one of the suspects in the murder of broadcaster Juan Jumalon. MisOccPPO
PNP: PROGRESS MADE ON CAMILON’S CASE NEWS / A3
Diesel leads price rollback of fuels, cut by P1.10/liter By Alena Mae S. Flores OIL companies rolled back pump prices of diesel fuel by as much as P1.10 per liter effective 6 a.m. Tuesday to reflect the movement of prices in the world oil market. The oil firms also cut the price of kerosene by P1.05 per liter and by P0.45 per liter for gasoline. “These reflect movements in the international oil market,” Petron Corp. said in its advisory. Industry sources said last week there would be a rollback for diesel at P1 to P1.30 per liter, kerosene at P0.85 to P1.05 per liter, and gasoline by P0.40 to P0.70 per liter. The Department of Energy said these price adjustments resulted in a year-to-date net increase of P14.20 per liter for gasoline, Next page
SPEAKER Martin Romualdez on Monday warned those “seeking to sow divisiveness” that he will not stand down and will vigorously defend the House of Representatives and its members against threats and intimidation from any source. “I will stand against anyone who would threaten us to do what they want. I will stand up -- all of us -- for the sake of the people,” Romualdez said as the House resumed its session yester yesterday following the All Saints-All Souls Days or Undas holiday break. “Even though we have different views and beliefs, we stand united when our institution is at-
tacked. We will also not allow anyone to stop us from fulfilling our mandate to our countrymen,” he added. The House on Monday also adopted a report on a resolution defending the integrity and honor of the institution and supporting the leadership of Romualdez amid repeated baseless and unfounded attacks following their decision to scrap certain confidential and intelligence funds. Majority Leader and Zamboanga City Rep. Manuel Jose Dalipe sponsored the report on House Resolution 1414, adopted by the Committee of the Whole, that seeks to protect the 310-strong House of Representatives from being maligned further. Next page
IN DEFENSE OF THE HOUSE. Speaker Ferdinand Martin G. Romualdez addresses the House of Representatives as the chamber resumed its session Monday, vowing to vigorously defend the chamber’s actions and decisions against its critics. Ver Noveno FREE RIDES FOR KIDS.
CHINA DROPS 2 PH RAILWAY PROJECTS BUSINESS / B4
In these photos posted by ABS-CBN’s Twitter account, Metro Rail Transit 3 (MRT) personnel assist children 18 and younger as they avail of the ‘Libreng Sakay’ (free ride) at the MRT North Avenue station in Quezon City on Monday in celebration of National Children’s Month.