Palace backs settlement on wealth of Marcoses

BY JAMES KONSTANTIN GALVEZ REPORTER

MALACAÑANG on Monday expressed support for an amicable settlement of cases involving alleged ill-gotten wealth of late former President Ferdinand Marcos and his family, and sale by public auction of the jewelry of former First Lady Imelda Marcos as proposed by Presidential Commission on Good Government (PCGG) Commissioner Ricardo Abcede.

“We support the pursuit of this process in order for us to move on. We can’t allow these valuable assets to sleep and be frozen inside the Central Bank forever,” deputy spokesman Gary Olivar said during a press briefing in the Palace.

The cases against the Marcoses have been pending since the creation of the PCGG in 1986, when Marcos was ousted in a popular uprising.

“After 25 years since the Marcoses left the country, people tend to forget what the real reason behind the establishment of the PCGG is. This is one of the duties of the commission—to liquidate the jewelry and property acquired from the Marcoses, and bring [them] back to the country,” Olivar said.

He urged the PCGG to make sure that the auction will be transparent to avoid suspicion from people, especially the families of victims of human-rights violations during the Marcos administration.

The Imelda jewelry trove being kept at the Bangko Sentral ng Pilipinas vault includes pieces recovered in Malacañang in 1986, those seized by US authorities when the Marcoses landed in Hawaii after fleeing the country and the Roumeliotes collection confiscated by local authorities that is considered more valuable than the first two batches.

View full post on Latest News

Hot this week

Compact Excavators Lead Urban Construction with Cost and Efficiency Gains

Most construction firms managing projects in urban settings often...

Matthew Marozzi’s election marks a first for Filipino-Australians in parliament

Matthew Marozzi’s election to the South Australian Parliament is...

Filipino Engineers Take Oath to Lead New PICE International Chapter in Australia

The Philippine Institute of Civil Engineers (PICE) – Commonwealth...

Planning an Unforgettable Australian Camping Trip for the Extended Family

For Filipino-Australians, the concept of family extends far beyond...

Victorians invited to celebrate Cultural Diversity Week 2026

Victorians are being encouraged to take part in Cultural...

Topics

Compact Excavators Lead Urban Construction with Cost and Efficiency Gains

Most construction firms managing projects in urban settings often...

Matthew Marozzi’s election marks a first for Filipino-Australians in parliament

Matthew Marozzi’s election to the South Australian Parliament is...

Filipino Engineers Take Oath to Lead New PICE International Chapter in Australia

The Philippine Institute of Civil Engineers (PICE) – Commonwealth...

Planning an Unforgettable Australian Camping Trip for the Extended Family

For Filipino-Australians, the concept of family extends far beyond...

Victorians invited to celebrate Cultural Diversity Week 2026

Victorians are being encouraged to take part in Cultural...

The Philippine Times Print Edition

We are slowly populating this page to include flipbooks...

The Philippine Times welcomes new volunteers

On Saturday, 21 February 2026, The Philippine Times (PT)...

Related Articles

Popular Categories