Malacañang has dismissed former lawmaker Zaldy Co’s allegations against President Marcos as “wild accusations” and challenged him to return to the Philippines and prove his claims before the proper authorities. This came after Co, in a Facebook video, alleged that President Marcos ordered...
The Philippine Stock Exchange index (PSEi) plunged on Friday, Nov. 14, as initially positive sentiment reversed after corruption allegations were hurled against President Ferdinand R. Marcos Jr. by former legislator Zaldy Co. The main index plummeted by 142.64 points, or 2.49 percent, to close at...
Senator Sherwin Gatchalian said on Friday, November 14 that the medical records provided by former Ako Bicol party-list Rep. Zaldy Co to the Senate Blue Ribbon Committee are “outdated.” Gatchalian pointed this out to the senators at the continuation of the blue ribbon panel’s investigation...
President Marcos ' categorical declaration that there is no evidence linking Leyte 1st district Rep. Martin Romualdez to any flood control project controversy has “finally ended all attempts to make him a political fall guy". Thus, said Robert Ace Barbers, chief political officer of the...
The Philippine peso’s recent decline against the United States (US) dollar reflects growing investor concerns amid the ongoing corruption scandal, leaving the local currency vulnerable to further pressure as capital inflows slow, according to London-based think tank Capital Economics. “The...
Former Ako Bicol Party-list Rep. Zaldy Co claimed on Friday, Nov. 14 that the Marcos administrstion is doing everything in its power to "silence" him. In a six-minute video message simply titled "Part 1", Co--who had been in hiding abroad amid his alleged links to budget insertions and the flood...
The Philippine National Police (PNP) is tightening coordination mechanisms and aligning operational strategies with the Independent Commission for Infrastructure (ICI) as part of the government’s intensified campaign against corruption. Police Lt. Gen. Jose Melencio Nartatez Jr., acting PNP...
The Independent Commission for Infrastructure (ICI), the body established upon President Marcos himself, said on Friday, Nov. 14, that it was withholding any comments regarding former Ako Bicol Party-list representative Zaldy Co 's implication of the Chief Execitive in alleged P100-billion...
President Marcos has reaffirmed that he personally saw unfinished and “ghost” flood control projects during his visit to Iloilo City in August, saying the findings have become part of the government’s expanding investigation into alleged anomalies in flood-control spending. In his press...
The Philippines and the World Bank have agreed to amend the terms of the loan financing for the Department of Education’s (DepEd) Teacher Effectiveness and Competencies Enhancement Project (TEACEP), whose implementation had been stalled by late budget releases and procurement issues. On behalf of...
Former Ako Bicol Party-list Rep. Zaldy Co is accusing President Marcos of having stiff-armed the House of Representatives into making P100 billion worth of project insertions in the P6.326-trillion national budget for 2025. Co made this claim in a six-minute video message sent to House reporters on...
The legal thresholds for malversation and plunder make it clear why Leyte 1st district Rep. Martin Romualdez cannot be implicated without evidence of conspiracy in the flood control projects controversy. Thus, said Deputy Speaker Antipolo City 1st district Rep. Ronaldo "Ronnie" Puno, who as a...
