PNoy: ‘Marcos years not a golden age’
President Benigno Aquino III criticized other sectors’ claim in social media that Marcos years is known as the “golden age” of the Philippines. He mentioned that the darkest years in the history of the Philippines was during the reign of former President Ferdinand Marcos because of the painful memories brought by the martial law.
Aquino is firm on his disapproval of the Marcos reign as the golden age, emphasizing that the country was once known as the “Sick Man of Asia”.
MILF relocates as army advances on BIFF
Around 1,000 fighters of the Moro Islamic Liberation Front (MILF) reposition in the southern part of the Philippines to avoid mis-encounters with government troops.
The presidential adviser on a peace process between the government and the Moro Islamic Liberation Front (MILF) said in a statement Thursday that all forces in the area of operations will be repositioned to allow the army the freedom to operate.
Sugar prices surge due to El Niño
Sugar prices surged to their highest level in 22 years and consumers may have to brace for further hikes in prices after the International Sugar Organization said they expect sugar supply to fall by as much as 5.2 million tons this year.
This month the average price for a kilo of sugar is pegged at P56 from P55 per kilo last year.
The El Niño phenomenon, which began last year, has been pushing prices of agricultural products like sugar up.
Sugar output in the Philippines for 2015 to 2016 is expected to hit over 2 million metric tons, five percent lower than output in 2014.
Marcos era brought negative impact on economy
Makati Business Club (MBC) chairman Ramon del Rosario agrees with President Aquino that the Marcos regime had a negative impact on the Philippine economy during its game.
According to the former co-chair of the People Power Commission, said one of the biggest sin of former President Ferdinand Marcos was when he separated economy to cronies and killed the spirit of entrepreneurship. However, del Rosario noted that the economy was able to recover during the time of Cory Aquino (1986-1992) and Fidel Ramos (1992-1998) and is now on the right path. Meanwhile, a stock broker at that time Wilson Sy, said that the historic events should serve as a lesson to voters especially this upcoming elections.