'People Power was never a Manila-centric action. Cebu was among the places outside Manila that played a major role in the nationwide movement to resist Martial Law,' says Project Gunita
Hundreds of students from the different universities in Cebu City come together in front of the Fuente Osmeña Circle and chant, 'Education not for sale!'
President Ferdinand Marcos Jr. has ordered the suspension of the implementing rules and regulation (IRR) of the Maharlika Investment Fund (MIF), his office announced Wednesday, Oct. 18, 2023.Executive Secretary Lucas Bersamin issued a memorandum addressed to Bureau of Treasury officer-in-charge Sharon Almanza, Land Bank of the Philippine (LBP) president and chief executive officer (CEO) Lynette Ortiz, and Development Bank of the Philippines (DBP) president and CEO Michael de Jesus for the suspension of the implementation of the IRR of Republic Act 11954, or the Maharlika Investment Fund Act of 2023 “pending further study.”The memorandum also ordered the respective agencies to notify all concerned heads of departments, bureaus, offices and other agencies of the executive department, including government-owned and -controlled corporations of such action.
(1st UPDATE) Street protests are staged in places such as Bicol, Naga, Baguio, Cebu, Iloilo, Bacolod, Negros Occidental, and Davao ahead of President Ferdinand Marcos Jr.'s State of the Nation Address