INQToday: Bongbong Marcos suspends Maharlika fund implementation

Here’s a quick roundup of today’s top stories:

Marcos suspends Maharlika fund implementation

President Ferdinand Marcos Jr. has stopped the rapid push to bring to life the Maharlika Investment Fund (MIF) this year, directing the key people concerned to stand down and further study the plan.

In a memorandum dated Oct. 12 and addressed to the heads of the Bureau of the Treasury, Land Bank of the Philippines, and Development Bank of the Philippines (DBP), Executive Secretary Lucas Bersamin said that “upon the directive of the President, the Treasurer of the Philippines, in coordination with [Landbank] and DBP, is hereby directed to suspend the implementation of the IRR (implementing rules and regulations)” of the law that created the MIF.

After losing confidential funds, Sara Duterte says ‘now is not the time for politicking’

Vice President Sara Duterte on Wednesday said that now is not the time for politicking.

After the House of Representatives stripped of her proposed confidential funds, the Vice President told her supporters that she understood their frustrations.

Police will sue 4 frat members for fatal hazing of criminology student

The Quezon City Police District (QCPD) will file a case against four members of the Philippine College of Criminology chapter of the Tau Gamma Phi fraternity for the fatal hazing of fourth-year criminology student Ahldryn Bravante.

QCPD investigators have also started tracking other Tau Gamma Phi members who might also be linked to Bravante’s death, Brig. Gen. Redrico Maranan, QCPD chief, said in a statement issued on Tuesday evening.