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)
$0.0005341
$0.0005341$0.0005341
-1.27%
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

The Channel Factories We’ve Been Waiting For

The Channel Factories We’ve Been Waiting For

The post The Channel Factories We’ve Been Waiting For appeared on BitcoinEthereumNews.com. Visions of future technology are often prescient about the broad strokes while flubbing the details. The tablets in “2001: A Space Odyssey” do indeed look like iPads, but you never see the astronauts paying for subscriptions or wasting hours on Candy Crush.  Channel factories are one vision that arose early in the history of the Lightning Network to address some challenges that Lightning has faced from the beginning. Despite having grown to become Bitcoin’s most successful layer-2 scaling solution, with instant and low-fee payments, Lightning’s scale is limited by its reliance on payment channels. Although Lightning shifts most transactions off-chain, each payment channel still requires an on-chain transaction to open and (usually) another to close. As adoption grows, pressure on the blockchain grows with it. The need for a more scalable approach to managing channels is clear. Channel factories were supposed to meet this need, but where are they? In 2025, subnetworks are emerging that revive the impetus of channel factories with some new details that vastly increase their potential. They are natively interoperable with Lightning and achieve greater scale by allowing a group of participants to open a shared multisig UTXO and create multiple bilateral channels, which reduces the number of on-chain transactions and improves capital efficiency. Achieving greater scale by reducing complexity, Ark and Spark perform the same function as traditional channel factories with new designs and additional capabilities based on shared UTXOs.  Channel Factories 101 Channel factories have been around since the inception of Lightning. A factory is a multiparty contract where multiple users (not just two, as in a Dryja-Poon channel) cooperatively lock funds in a single multisig UTXO. They can open, close and update channels off-chain without updating the blockchain for each operation. Only when participants leave or the factory dissolves is an on-chain transaction…
Share
BitcoinEthereumNews2025/09/18 00:09
SOLANA NETWORK Withstands 6 Tbps DDoS Without Downtime

SOLANA NETWORK Withstands 6 Tbps DDoS Without Downtime

The post SOLANA NETWORK Withstands 6 Tbps DDoS Without Downtime appeared on BitcoinEthereumNews.com. In a pivotal week for crypto infrastructure, the Solana network
Share
BitcoinEthereumNews2025/12/16 20:44
XRP ETFs pass $1 billion mark with no outflow days since launch

XRP ETFs pass $1 billion mark with no outflow days since launch

Markets Share Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
XRP ETFs pass $1 billion mark with no outflo
Share
Coindesk2025/12/16 19:01