FactCheck: The video shows the signing ceremony of Kapatid Angat Lahat for Agriculture Program (KALAP) at Malacañang on March 6. FactsFirstPH
Hidden Marcos gold account will be used to strengthen the agricultural sector in the Philippines.The false claim on YouTube was posted by PweDelie TV with the title: “GRABE APROBADO NA! SA TULONG NG MARCOS ACCOUNT PANGULONG BBM PALALAKASIN ANG SEKTOR NG AGRIKULTURA?” The video has 40,000 views and 120 comments as of writing.The video displays a document dated January 12, 1983, which is claimed to be a certificate of bank insurance guarantee issued by Banco de Oro Unibank.
The certificate image also includes guidelines for the allocation of the budget, specifying that 70% of the total value will be used for government initiatives, including the development of agriculture through programs such as irrigation improvement, food production, and technology transfer. The purported certificate of bank insurance guarantee displays the signatures of Ferdinand E. Marcos, the former president, and Roberto R. Lapid, who was the chief executive officer of Banco de Oro at the time.Apart from the alleged receipt, the video shows nothing more related to the claim.
KALAP is an initiative led by the private sector, which, according to Marcos, will help farmers and micro, small, and medium enterprises to enhance their productivity, profitability, sustainability, and global competitiveness. In 2022, Marcos Jr. took over the position of Department of Agriculture secretary to personally monitor inflation and oversee the food and agriculture industries. With him as DA secretary, the country faces agricultural issues such as an onion shortage and sugar importation.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Marcos: KALAP to help produce profit for farmersPresident Ferdinand R. Marcos Jr. on Monday lauded the Kapatid Angat Lahat for Agriculture Program (KALAP), saying this will help
Read more »
PBBM orders PNP, AFP to list ‘hot spots’ after high-profile killing of politicians | Samuel P. MedenillaPresident Ferdinand R. Marcos Jr. ordered authorities on Monday to tag political violence hot spots and launch a nationwide campaign against illegal firearms and private armies following the series of high-profile killings of politicians. During a chance interview after the Kapatid Angat Lahat for Agriculture Program (KALAP) in Malacañang, the…
Read more »
Grizzlies suspend Morant after gun videoMemphis Grizzlies NBA star Ja Morant was suspended by his team for at least two games on Saturday, March 4, after posting a video where he appeared to display a gun in a nightclub.
Read more »
Hearts On Ice: 'Tagumpay' by Hannah Precillas | Music Video'Tagumpay' by Hannah Precillas is the original soundtrack of the Philippines' first-ever figure skating drama series HeartsOnIce! Listen here:
Read more »