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

2025/11/27 17:22

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.

Must Read

Marcos tells Zaldy Co: Come home, face charges

– Rappler.com

Market Opportunity
Notcoin Logo
Notcoin Price(NOT)
$0.0005295
$0.0005295$0.0005295
+0.36%
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

Avalanche Now Hosts First South Korean Won-Based Stablecoin

Avalanche Now Hosts First South Korean Won-Based Stablecoin

BDACS has launched KRW1, the first Korean won-backed stablecoin, on the Avalanche blockchain. The post Avalanche Now Hosts First South Korean Won-Based Stablecoin appeared first on Coinspeaker.
Share
Coinspeaker2025/09/18 18:05
Unlock Yield: Upshift, Clearstar & Flare Launch New earnXRP Product

Unlock Yield: Upshift, Clearstar & Flare Launch New earnXRP Product

BitcoinWorld Unlock Yield: Upshift, Clearstar & Flare Launch New earnXRP Product For XRP holders seeking more than just price appreciation, a new opportunity has
Share
bitcoinworld2025/12/22 22:30
North America Sees $2.3T in Crypto

North America Sees $2.3T in Crypto

The post North America Sees $2.3T in Crypto appeared on BitcoinEthereumNews.com. Key Notes North America received $2.3 trillion in crypto value between July 2024 and June 2025, representing 26% of global activity. Tokenized U.S. treasuries saw assets under management (AUM) grow from $2 billion to over $7 billion in the last twelve months. U.S.-listed Bitcoin ETFs now account for over $120 billion in AUM, signaling strong institutional demand for the asset. . North America has established itself as a major center for cryptocurrency activity, with significant transaction volumes recorded over the past year. The region’s growth highlights an increasing institutional and retail interest in digital assets, particularly within the United States. According to a new report from blockchain analytics firm Chainalysis published on September 17, North America received $2.3 trillion in cryptocurrency value between July 2024 and June 2025. This volume represents 26% of all global transaction activity during that period. The report suggests this activity was influenced by a more favorable regulatory outlook and institutional trading strategies. A peak in monthly value was recorded in December 2024, when an estimated $244 billion was transferred in a single month. ETFs and Tokenization Drive Adoption The rise of spot Bitcoin BTC $115 760 24h volatility: 0.5% Market cap: $2.30 T Vol. 24h: $43.60 B ETFs has been a significant factor in the market’s expansion. U.S.-listed Bitcoin ETFs now hold over $120 billion in assets under management (AUM), making up a large portion of the roughly $180 billion held globally. The strong demand is reflected in a recent resumption of inflows, although the products are not without their detractors, with author Robert Kiyosaki calling ETFs “for losers.” The market for tokenized real-world assets also saw notable growth. While funds holding tokenized U.S. treasuries expanded their AUM from approximately $2 billion to more than $7 billion, the trend is expanding into other asset classes.…
Share
BitcoinEthereumNews2025/09/18 02:07