Category: Philippines Daily Inquirer

President Ferdinand R. Marcos Jr. on Tuesday led the reopening of the newly renovated Philippine International Convention Center (PICC) in Pasay City.

The reopening is also ahead of the PICC’s 50th anniversary and the country’s hosting of the Association of Southeast Asian Nations Summit in 2026.

As we open the newly renovated Philippine International Convention Center, we are revisiting a chapter of our nation’s history. We are gathered in a place where history was written, lives were celebrated, and where the future will once again be shaped,’ Marcos said.

‘Every brick, every beam, every hall of this building carries with it nearly five decades of stories,’ he added.

The First Couple was guided on a tour of the repaired and refurbished facilities of the PICC.

Among its notable new works are the repair of marble tiles in the lobby, repainting of the ceiling, laser cleaning of concrete walls, and restoration of pieces of furniture that date back to 1976.

‘The damaged tiles were all replaced, then all the new marble slabs were restored,’ PICC General Manager Nicolette Ann P. Cruz told reporters in an interview. ‘And now, it is what you see ngayon; there is just the right amount of shine, polish, reflection, and grandeur. It’s not enough para maging hazard,’ she also said.

The lawn was also restored to its original 1976 design, with 3,068 restored shining droplights that will welcome visitors in the lobby.

One of the major changes in the PICC was the revival of the courtyard’s original pebble wash flooring, the restoration of ponds, and improved landscaping.

There are also new infinity waterfalls, modern lighting, and a 30-speaker audio system.

The PICC is owned by the Bangko Sentral ng Pilipinas. Constructed in 1976, the PICC is Asia’s first international convention center, famous for showcasing Filipino culture and excellence in every event it brings to life. It was designed by renowned Filipino National Artist, Leandro V. Locsin and is home to works of Filipino painters and sculptors.

The Securities and Exchange Commission (SEC) extension office here warned the public against the operation of investment venture ‘Infin8 Success Global’ in Soccsksargen region (South Cotabato, Cotabato, Sultan Kudarat, Sarangani and General Santos City).

According to the SEC Koronadal, an entity named ‘INFIN8 Success Global, INFIN8 Success-Global Health and Beauty Products Trading,’ operated by a certain Jerson Saballa, has been enticing the public to invest their money in its scheme with the promise of high monetary rewards or profits.

The SEC said the company maintained a physical office and conducted operations online through the webpage i8sucess.com and other digital platforms, where it enticed the public to be part of its business through what appeared to be a binary-like marketing scheme or recruitment-driven model, a structure commonly associated with illegal or unauthorized investment schemes that are inherently unsustainable and detrimental to the public.

‘[Based on] our records, INFIN8 Success Global/INFIN8 Success-Global Health and Beauty Products Trading is not a registered as a corporation and has no secondary license or authority to solicit investment from the public,’ the SEC Koronadal said in a public statement.

The SEC Koronadal explained that the mere registration of a corporation did not grant it the authority to solicit investments from the public.

Stop

It issued the advisory to urge the public to exercise extreme caution in dealing with entities that offer or promise earnings that appeared ‘too good to be true.’

The SEC advised the public not to invest in these schemes; and for those who have already done so, to stop.

It warned that any entity found soliciting investments without such a license, along with all individuals involved in its promotions, shall be subject to corresponding administrative, civil and criminal penalties under the law.

In 2016, a huge number of ‘investors,’ including those from Koronadal and South Cotabato, fell victims to the infamous ‘Kapa’ (Kabus Padatuon/Enrich the Poor) investment scheme, losing millions of pesos. The Kapa-Community Ministry International, founded by Pastor Joel Apolinario became one of the biggest investment fraud scandals in Philippine history.

President Ferdinand Marcos Jr. on Tuesday urged government officials to strengthen integrity and credibility in public service.

Speaking to newly elected and appointed officials of the League of Vice Governors of the Philippines in a ceremony in Malacañan Palace, Marcos stressed that ‘unscrupulous abuse of power and greed must come to an end.’

‘Many Filipinos are frustrated by the layer upon layer of issues that plague them every day,’ Marcos said in Filipino.

‘Our people are exhausted, they are disappointed, and they are angry. And as I have said before, their rage is valid. It is born from years of frustration at a government characterized by systemic dysfunction and unfulfilled promises,’ he added.

The President also called on leaders to ‘confront’ the anger of the public and be humbled enough to provide concrete solutions to the nation’s problems.

‘Let us not dismiss their anger. Let us confront it. Let us be humbled and provide concrete solutions. Alam naman natin ang mga mali, kaya dapat nating itama,’ President Marcos said.

Marcos also underscored his administration’s commitment to eradicating entrenched corruption, implementing useful reforms, and delivering an honest and accountable government.

The Anti-Money Laundering Council secured a third freeze order against individuals tied to flood control controversy, building on two earlier directives and collectively paralyzing 1,563 bank accounts, 54 insurance policies, 154 vehicles, 30 properties and 12 e-wallets.

The third order, granted by the Court of Appeals on Sept. 30, covered 836 bank accounts, 12 e-wallets, 24 insurance policies, 81 motor vehicles and 12 real estate properties, marking the most extensive asset freeze since the probe began.

‘By freezing a wide range of assets-such as bank accounts, e-wallets, vehicles, and properties-the AMLC is disrupting the financial channels used in corrupt activities,’ said AMLC Executive Director Matthew M. David.

‘Our goal is straightforward: prevent stolen public funds from being dissipated and misused, recover them for the National Government, and ensure that those involved in money laundering are held accountable,’ David added.