Connect with us

Headline

Rody says Marcoses to return ‘a few gold bars’ to aid gov’n ‘big’ deficit

Published

on

President Rodrigo Roa Duterte, in his speech during the 19th founding anniversary of the Volunteers Against Crime and Corruption (VACC) in Malacañan Palace on August 16, 2017, reiterates that his intensified campaign against illegal drugs, corruption, and criminality will remain unrelenting amid all the criticisms hurled against him. ALBERT ALCAIN/PRESIDENTIAL PHOTO

FILE: President Rodrigo Roa Duterte (ALBERT ALCAIN/PRESIDENTIAL PHOTO)

The President has revealed that the Marcoses will ‘open everything and return’ a part of their wealth, to help the government’s big projected deficit, on his speech on Tuesday.

As Rodrigo Roa Duterte lead the mass oath-taking of new government officials, in an impromptu speech, he revealed that the family of the late dictator Ferdinand Marcos – through a representative he will not name – are willing to return some of their wealth questioned by the Philippine government.

Malaki ang deficit mo sa… (You have a big deficit)… Maybe this year, ang (the) projected deficit spending would be big. Sabi niya baka makatulong, pero hindi ito malaki (he said it might help, though it is not that big),” Duterte narrated.

Duterte furthered that it will include ‘a few gold bars,’ “Hindi ganun kalaki (It’s not a big amount). It’s not a Fort Knox. It’s just a few but sabi nila isauli nila para walang ano (they said they will return it).

The Fort Knox is a vault within the United States Army, in which gold reserves and precious items are stored.

The unnamed spokesman also told Duterte the Marcoses’ side of the story. “And the only reason really was sabi nila (they said) that the father was protecting the economy now for the event man na maalis siya (that he will be exiled), but he was thought of regaining the Malacañang and that is why ganito ang lumabas (it looked like they hid it),” he recalled.

Duterte did not refer to the wealth as ‘ill-gotten’ but rather just focused on accepting the Marcos family’s explanation whether it is true or not. An accounting of the returned wealth was promised by the President.

“[I am] trying to look for a guy not identified with anybody to handle the negotiation, kung gusto nila (if they want). I’m looking at a former chief justice. Sila na lang mag-usap (They should just discuss) then another CPA (Certified Public Accountant) and maybe a representative of all that is accepted also by all,” he explained.

The President ended, saying that he is happy that they have come up with clean terms that is ‘something worthwhile for Filipinos.’

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest

Maria in Vancouver1 hour ago

Maria Goes To Lapu Lapu Day Block Party!

On April 27, 2024, the Filipino community of Vancouver had its first Pinoy multi-Block Party in the most diverse neighbourhood,...

News10 hours ago

Baguio’s cool weather to continue at 17°C

BAGUIO CITY — The Philippine Atmospheric, Geophysical, and Astronomical Services Administration (PAGASA)- Baguio synoptic station on Monday said this summer...

DMW Building DMW Building
News10 hours ago

61 OFWs from Israel coming home

MANILA – Sixty-one overseas Filipino workers (OFWs) from war-torn Israel are set to arrive at the Ninoy Aquino International Airport...

Travel10 hours ago

Romblon’s Bonbon named 1 of world’s top 50 beaches

MANILA – Romblon province’s Bonbon Beach has earned a spot in the prestigious 2024 World’s Top 50 Beaches list, the...

Travel11 hours ago

‘Sky Pasada’ reopens Laoag-Basco route

LAOAG CITY – Regional carrier Sky Pasada has reopened its hub at the Laoag International Airport with flights to Basco,...

Person Using Smartphone Person Using Smartphone
Entertainment11 hours ago

Never Miss a New Release With Countdown Pages for Audiobooks

Spotify is making it easier for booklovers to count down the days, hours, minutes, and seconds until a new audiobook...

students lined up students lined up
News16 hours ago

DepEd: Ensure safety of learners, teachers in end-of-school-year rites

MANILA – The Department of Education (DepEd) on Monday urged school heads to ensure the safety of learners and teachers in...

tree tree
Environment & Nature17 hours ago

Curious Kids: why do trees have bark?

Why do trees have bark? Julien, age 6, Melbourne. This is a great question, Julien. We are so familiar with...

woman drinking softdrink woman drinking softdrink
Business and Economy17 hours ago

A tax on sugary drinks can make us healthier. It’s time for Australia to introduce one

Sugary drinks cause weight gain and increase the risk of a range of diseases, including diabetes. The evidence shows that...

Technology17 hours ago

Can I take your order – and your data? The hidden reason retailers are replacing staff with AI bots

You might have seen viral videos of Wendy’s drive-thru customers in the United States ordering their fast food from the...

WordPress Ads