Some 25,000 people were reported to have attended the launch on Saturday of “Buhay Ingatan, Droga’y Ayawan” or Bida at the Quezon Memorial Circle in Quezon City, with similar events held simultaneously at the Cebu Plaza Independencia in Cebu City, Xavier Ateneo Sports Centre in Cagayan de Oro City, and People’s Park in Davao City. Such fanfare might be necessary to herald the new government’s anti-illegal drug campaign, which promises to be starkly different from the
Speaker Ferdinand Martin Romualdez and senior deputy majority leader Ferdinand Alexander Marcos III have filed a bill to create a sovereign wealth fund. Essentially, it would mandate the Government Service Insurance System (GSIS), Social Security System (SSS), Landbank, and Development Bank to pool their resources to be able to invest as a sovereign wealth fund. The fund would be under the direction of a board consisting of nominees of the participating government financial institutions, as well as two independent directors. The Romualdez-Marcos scheme comes at the heels of similar proposals dating back to the previous administration or even earlier. Back
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