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MERALCO REVIEWING TAGUIG COURT’S TRO NEWS / A2
PSEI FALLS BELOW 6,600 LEVEL BUSINESS / B2
VOL. XXXVIII • NO. 172• 3 SECTIONS 16 PAGES • P20 •TUESDAY, AUGUST 6, 2024 •
See www. manilastandard.net for updates on EJ Obiena's bid in the Olympic pole vault finals early Tuesday (Manila time).
SWEET VICTORY. Paris Olympics gymnast champion Carlos Edriel Yulo hugs his girlfriend Chloe Anjeleigh San Jose at the Olympic grounds in Paris. Inset photo shows the couple having a selfie after Yulo won his first gold medal. ABS-CBN screengrab / San Jose's IG account
Over P85-m incentives, hero’s parade await Yulo
Gymnast says double-gold medal finish yet to sink in By Peter Atencio, Charles Dantes, Macon Ramos-Araneta and Maricel Cruz
OP gymnast Carlos Yulo is set to receive more than P85 million in cash bonuses, incentives, and rewards upon his return to the Philippines, on top of a “hero's parade” being prepared by the city of Manila for the “golden boy” who bagged two gold medals in as many days at the Paris Olympics.
T
Yulo shrugged off a sleepless night
to win gymnastics gold in the men's
vault at the Paris Olympics on Sunday, 24 hours after claiming the floor title for a piece of Philippines sporting history. "It's crazy because last night I couldn't sleep. I was so hyped because I had won that gold medal on floor," the 24-year-old Yulo said. "It still didn't sink in. This morning I was so sleepy, I didn't know what to do." His double gold-medal finish catapulted the Philippines to the 21st position in the medal rankings as of Monday.
In Manila, President Marcos led a grateful nation in lauding Yulo for his historic back-to-back gold medal wins. “No words can express how proud we are of you, Caloy!” President Marcos wrote on his official Facebook page. "You have achieved GOLD for the Philippines not once, but twice!" he added. At the Upper House, Senate President Pro Tempore Jinggoy Estrada filed Resolution 1103 conferring Yulo with the "Senate Medal of Excellence" as the Next page
Tit-for-tat: Quiboloy group ups ante with P20m reward By Macon Ramos-Araneta and Maimona Lao THE Kingdom of Jesus Christ (KOJC) made a counteroffer of P20 million to anyone who can unmask the identity of the one who donated the P10 million bounty against its founder, Pastor Quiboloy. "According to the officers of KOJC, they are offering P20 million to those who can provide information as to who gave the private money to (Interior) Secretary Benhur Abalos for the arrest of Pastor Quiboloy," KOJC legal counsel Israelito Torreon said in an interview with TeleRadyo. “We are of the belief that receiving money from private individuals is illegal,” Torreon added.
Last month, Abalos announced that private citizens have pooled a P10-million reward for anyone who can give information that will lead to the arrest of the fugitive religious leader. Quiboloy's co-accused – Crisente, Paulene and Ingrid Canada as well as Sylvia Cemañes and Jackielyn Roy – each have a P1 million bounty. For his part, former President Rodrigo Duterte accused the administration of “demonizing” Quiboloy to divert attention from "corruption, incompetence and abuse of authority" in the country. Duterte, who is administrator of KOJC’s properties, said he will take legal action over the recent raids in Davao City. Next page
By Rio N. Araja and Darwin G. Amojelar THE country’s top transportation officials warned against the stalled implementation of the Public Transport Modernization Program (PTMP) saying President Marcos remains firmly behind the initiative despite a majority of Senators seeking a moratorium on its implementation pending further review. In a radio interview, Land Transportation Franchising and Regulatory Board (LTFRB) chairperson Teofilo Guadiz III assured the program aimed at upgrading public utility jeepneys (PUJs) and consolidating operators servicing specific PUJ routes “will continue until the final stages of modernization are completed.” Next page
PH inking defense agreements with Germany, Canada By Rex Espiritu and Rachelle Tonelada
CLOSER TIES. German Federal Minister of Defense Boris Pistorius shows off mementos of his meeting with President Ferdinand R. Marcos, Jr. and Defense Secretary Gibo Teodoro in Malacanang Palace yesterday. Minister Pistorius, who arrived on August 3 as part of his Indo-Pacific visit, thanked Mr. Marcos for the warm welcome and expressed Germany's readiness to further collaborate with the Philippines. PCO
Speaker: P6.35-t budget next year to ensure inclusive growth By Maricel V. Cruz
INSIDE THE POGO DEN. Speaker Ferdinand Martin G. Romualdez yesterday led House leaders, including Senior Deputy Speaker Aurelio ‘Dong’ Gonzales Jr., Majority Leader Manuel Jose ‘Mannix’ M. Dalipe, and Chairmen Dan Fernandez, Robert Ace Barbers, Toby Tiangco, Romeo Acop, Caraps Paduano and Onie Ferrer in conducting an inspection of the Zun Yuan Technology Inc. POGO hub in Bamban, Tarlac. They were accompanied by Reps. Johnny Pimentel and Keith Flores, Presidential Anti-Organized Crime Commission (PAOCC) Undersecretary Gilbert Cruz and other officials. Ver Noveno
DOTr, LTFRB warn against stalled PUJ modernization
SPEAKER Ferdinand Martin G. Romualdez on Monday said the P6.352-trillion 2025 national budget aims to sustain the country’s economic growth and benefit all Filipinos. “The direction of our budget is clear in the year 2025. Ensure the continued rise and strengthening of the economy. Ensure that all Filipinos benefit from this development. Strengthen good governance for the
good of all,” Romualdez said. He made the statement at the start of the hearings of the House of Representatives on the budget President Ferdinand R. Marcos Jr. has proposed to Congress for next year. Budget Secretary Amenah Pangandaman, Finance Secretary Ralph Recto, Secretary Arsenio Balisacan of the National Economic and Development Authority, and Governor Eli Remolona Jr. of the Bangko Sentral ng Pilipinas will Next page
THE Philippines continues to expand its military alliances with friendly states amid the flaring of tensions over disputed areas of the West Philippine Sea (WPS). On Sunday, German Defence Minister Boris Pistorius and his Philippine counterpart Gilberto Teodoro vowed to establish long-term relations between their armed forces as they committed to signing a defense cooperation arrangement within the year. The two defense chiefs said their country’s armed forces would “expand training and bilateral exchanges, explore opportunities to expand bilateral armaments cooperation, and engage in joint projects.” The burgeoning alliance comes together as China aggressively tries to lay claim over most of the South China Sea, including areas claimed as exclusive economic zones by Vietnam, the Next page
Oil prices roll back by P0.40/liter for diesel next week PUMP prices are expected to be rolled back anew next week by as much as P0.40 per liter due to geopolitical uncertainties and lower US crude inventories. “The combination of the bearish and bullish factors supports the volatility of oil prices in the international oil market for this week. As a result of those relevant news, the 4-day trading in MOPS (Mean of Platts Singapore) is estimated to make an adjustment in the domestic pump prices,” Department of Energy director Rodela Romero said. Next page