As the Islamic terrorist regime of Iran made passage through the Strait of Hormuz tremendously difficult, tremendous economic disruptions connected with oil shipments negatively impacted economies around the world. For Israeli Prime Minister Benjamin Netanyahu, the only long-term solution to the Hormuz crisis is the rerouting of pipes westward across Saudi Arabia to the Red Sea and the Mediterranean, according to a news report by The Jerusalem Post.
To put things in perspective, posted below is an excerpt from the news report of The Jerusalem Post. Some parts in boldface…
Prime Minister Benjamin Netanyahu on Monday said that a long-term solution to the crisis in the Strait of Hormuz would include the construction of pipelines that would carry the Gulf state’s oil and gas to the Mediterranean.
“Long-term solutions include rerouting energy pipelines westward, across Saudi Arabia to the Red Sea and Mediterranean, bypassing Iran’s geographic choke point,” Netanyahu explained in an interview with conservative US media outlet Newsmax.
Currently, the Strait is one of the main chokepoints in the energy market, with 20% of global oil exports passing through it.
While Saudi Arabia, the United Arab Emirates, and Oman have territorial waters in the Strait, the presence of Iran on the other side of Hormuz has made it vulnerable, with the Islamic regime having the capabilities of threatening global energy markets by attacking ships that go through the Strait.
This has been Iran’s main strategy during the current war, alongside its missile attacks towards Israel and the Gulf States. Netanyahu noted that, while a military solution might offer short-term stability, a deal that eliminates the strategic importance of the Strait might be the best route long-term.
‘Beyond halfway point’: Netanyahu avoids giving precise end date to war – Netanyahu also said in the interview with Newsmax that the war with Iran is “beyond its halfway point,” although he avoided giving a precise end date for the war.
“We’re beyond the halfway point in terms of mission success,” Netanyahu said, adding that the IDF’s current focus is on destroying the remaining nuclear capabilities of the Iranian regime.
“We’ve already degraded their missile capabilities, destroyed factories, and eliminated key nuclear scientists,” he explained, warning that Iran is “pursuing nuclear weapons and the means to deliver them to American cities. That’s what this war is about, preventing that outcome.”
Netanyahu also pointed out that the regime was able to attack the Diego Garcia base in the Indian Ocean, with this being Iran’s longest strike and a demonstration that their missiles could reach almost any country in the region, including most of Europe.
“It wasn’t an intercontinental missile, but it’s getting there, about 4,000 km. That puts much of Europe within range,” Netanyahu pointed out.
Let me end this piece by asking you readers: What is your reaction to this development? Do you agree with Prime Minister Netanyahu about rerouting pipes westward to the Mediterranean as the main solution to the choke point of the Strait of Hormuz?
The North Atlantic Treaty Organization (NATO) – an intergovernmental military alliance between more than thirty member states – was slammed by US President Donald J. Trump and labeled a paper tiger due to its cowardice as it never supported the military operations against the Islamic terrorist regime of Iran, according to a news report by Newsmax.
To put things in perspective, posted below is an excerpt from the report of Newsmax. Some parts in boldface…
President Donald Trump on Friday blasted NATO and key European allies, calling the alliance “a paper tiger” and accusing its members of cowardice for refusing to back efforts to secure the Strait of Hormuz while the United States and Israel continue military strikes against Iran.
“Without the U.S.A., NATO IS A PAPER TIGER!” Trump wrote in a Truth Social post. “They didn’t want to join the fight to stop a Nuclear Powered Iran.
“Now that fight is Militarily WON, with very little danger for them, they complain about the high oil prices they are forced to pay, but don’t want to help open the Strait of Hormuz, a simple military maneuver that is the single reason for the high oil prices.“
Although Trump has argued the conflict is effectively over and that Iran’s military has been severely weakened, he has stopped short of formally declaring victory.
“So easy for them to do, with so little risk,”Trump wrote. “COWARDS, and we will REMEMBER!“
Trump’s criticism came after Japan, the United Kingdom, France, Germany, Italy, and the Netherlands signaled Thursday that they were prepared to assist in keeping the vital shipping lane open.
“We express our readiness to contribute to appropriate efforts to ensure safe passage through the Strait,” the countries’ leaders wrote in a letter. “We welcome the commitment of nations who are engaging in preparatory planning.”
The letter did not specify what role those countries would play in any Hormuz security effort. The strait carries about 20% of the world’s daily oil supply, and the joint statement also voiced “deep concern” over the effect of Iranian strikes on global energy markets.
The United Kingdom, France, Germany, Italy, and the Netherlands are NATO members.
Trump has repeatedly pressed NATO and European allies to help secure the Strait of Hormuz and has urged several countries to take part in the military campaign, though they have so far resisted direct involvement.
NATO Secretary General Mark Rutte said Thursday he believes the alliance and its members will ultimately reach a solution to restore passage through the strategic waterway.
“I’m confident that allies, as always, will do everything in support of our shared interest as we always do,” he said.
This development raises doubts about the credibility and relevance of NATO in the 21st century. Among NATO’s members are Spain and Turkey whose leaders openly support Islamic terrorists and hate Israel. I am surprised that Italy – led by its conservative Prime Minister Giorgia Meloni – did not get involved considering her nation’s healthy ties with Trump’s America and Israel. Let’s be clear here…a lot of European nations rely on oil tankers that pass through the Strait of Hormuz. Finally, I believe it is arrogant and wrong for NATO to ignore Iran’s attacks against other states in the Gulf such as Kuwait, Saudi Arabia, the United Arab Emirates (UAE) and even Islamist Qatar.
For additional insight, watch the YouTube news videos below.
Let me end this piece by asking you readers: What is your reaction to this development? Apart from the obvious cowardice, what do you think are the other factors as to why NATO and its members stayed away from the military operations against the Islamic terrorist regime of Iran? Do you think the wicked Iranian regime has deep connections with most of NATO’s members? Do you consider NATO relevant and needed in this current century?
Even though it has been severely damaged by the joint forces of the United States and Israel, the Islamic terrorist state of Iran continued to retaliate by launching missiles and drones not only at American and Israeli forces, but also on sovereign nations in the Middle East such as Kuwait, Saudi Arabia, the United Arab Emirates, Islamist Qatar and more. As such, Japanese Prime Minister Takaichi Sanae condemned Iran for the destruction it committed, according to a news article by Nippon TV.
To put things in perspective, posted below is an excerpt from the news article of Nippon TV. Some parts in boldface…
Amid continued tensions surrounding the situation in Iran, Japanese Prime Minister Takaichi Sanae spoke on the phone with German Chancellor Friedrich Merz on March 5 and told him she condemns Iran’s actions.
Officials said that at the start of the roughly 20-minute conversation, Merz provided an overview of the international situation, taking into account events including his summit meeting with US President Donald Trump.
In response, Takaichi told Merz that she condemns Iran’s actions, including attacks that have extended to civilian and diplomatic facilities and resulted in civilian casualties. The two leaders agreed to work together to de-escalate the situation as quickly as possible.
Ahead of the phone call, Takaichi met with visiting UAE Minister of Industry and Advanced Technology Sultan Al Jaber at her office.
In the talks, Takaichi asked for cooperation from the United Arab Emirates in safeguarding Japanese nationals and maintaining a stable supply of oil to Japan.
Officials said Jaber expressed his intention to cooperate in areas such as ensuring the safety of Japanese citizens.
Amid escalating tensions in the Middle East, there have been disruptions in logistics, with tankers becoming stalled near the Strait of Hormuz.
Japanese automaker Toyota Motor is said to be considering reducing its production of vehicles bound for the Middle East.
According to sources, Toyota has notified parts manufacturers and other relevant entities about the possibility that it may reduce the number of vehicles produced. Toyota has not disclosed details of its production plans or whether it uses the Strait of Hormuz.
But last year, the company exported about 320,000 vehicles, including Land Cruisers, to Middle Eastern countries.
Let me end this piece by asking you readers: What is your reaction to this development? Do you think the Islamic terrorist regime of Iran is just days away from totally collapsing as the United States and Israel keep on pounding them with military weapons? Do you think the wicked government of Iran is paying any attention to the Prime Minister of Japan? Why do you think the Islamic terrorist regime of Iran deliberately targets civilians with missiles and drones? Did you notice a lot of people in your local community who openly support the Islamic terrorist state of Iran?
To get straight into what happened, watch the selected videos below. Pay close attention to the details.
To put things in perspective about the many surviving hostages who made it back home to Israel after spending over two years in captivity in Gaza, posted below is an excerpt from The Jerusalem Post news report. Some parts in boldface…
All 20 of the living Israeli hostages held by Hamas have returned to Israeli territory, the IDF announced. The remaining live hostages held by Hamas were all in IDF custody as of 11:42 a.m.
The first seven hostages to be released were named as: Matan Angrest, Alon Ohel, Eitan Mor, Gali and Ziv Berman, Omri Miran, and Guy Gilboa-Dalal. The second round of returned hostages, which are the other 13, included: Bar Abraham Kupershtein, Evyatar David, Yosef-Chaim Ohana, Segev Kalfon, Avinatan Or, Elkana Bohbot, Maxim Herkin, Nimrod Cohen, Matan Zangauker, Eitan Horn, Rom Braslavski, Ariel Cunio, and David Cunio.
The released hostages have undergone a medical assessment and are en route to hospitals and will reunite with their families, the military added.
Despite earlier IDF estimates that the hostages would be returned in three rounds, in the end it took only two rounds, with Hamas seeming to want to have all hostages over to Israeli custody before US President Donald Trump was soon expected to speak to the Israeli Knesset.
The three expected locations for the transfers were Gaza City, central Gaza, and Khan Yunis in southern Gaza.
Earlier Monday at 9:10 a.m., the IDF had already received seven out of the 20 remaining live hostages back from Hamas via the International Red Cross (ICRC). By 8:10 a.m., the ICRC had already received those hostages from Hamas.
Late Sunday night, the IDF had said that if the live hostages were stable, they would move from Red Cross custody to IDF special forces custody, then to the Reim base, and then to the three hospitals: Shiba, Ichalov, and Beilinson.However, if a live hostage was in immediate medical danger, a helicopter would be sent to rush them to Soroka Medical Center or to Barzilai Medical Center.
All of the first round hostages were stable enough medically that they did not require an emergency evacuation.
The IDF expects that some deceased hostages will be returned on Monday, but has no set numbers about how many, and is prepared for that part of the process to be drawn out over multiple days or longer. The deceased hostages will be transferred to Israel in coordination with further Red Cross-supervised exchanges, under the same verification and transfer protocols. Part of the process will also involve identifying the remains with specific hostages.
According to the IDF, Hamas is bound to assist a joint mechanism associated with the Trump ceasefire to help locate other deceased hostages, where finding them may be less of an exact science.
The ICRC will also transfer around 2,000 Palestinian security prisoners held in Israeli prisons to the Gaza Strip, West Bank, and locations outside of Israel, such as Qatar and Turkey.
Praise and thank the Lord for the return of the 20 surviving hostages! Spending a little over two years as captives of the Palestinian terrorist group Hamas in Gaza surely has been painful and torturous for them. Their respective families had to deal with the long waits and uncertainties during the two years. The surviving hostages are now starting to get their lives back on track and figure out how they will fit back in with local society. The release of the hostages was made possible by the new peace deal for Gaza (and the Middle East) brokered by Trump. What has happened today is undeniably history unfolding and there is still a lot of developments yet to happen.
Of course, we should not forget about the other hostages who died in captivity in Gaza. For sure, the return of bodies of dead hostages will be sorrowful for the affected families and their local communities. That being said, I urge the faithful reading this to pray to the Lord to comfort and heal the families whose loved ones died in captivity in Gaza.
Moving on, Trump addressed the Knesset during his visit in Israel. He expressed how good it is to say that the hostages are back and that the painful nightmare left behind by the October 7, 2023, terrorist attacks committed by Hamas (supported by terrorist state Iran) is over.
To put things in perspective and to find out what Trump exactly said, posted below is an excerpt from the news report of The Jerusalem Post. Some parts in boldface…
US President Donald Trump arrived at the Knesset on Monday morning, giving a speech at the plenum.
A trumpet fanfare sounded in the Knesset upon his entrance to the building and he entered the plenum to additional fanfare and wide applause.
“We’re in a nice place,” Trump’s speech began. We are “giving thanks to the Abrahamic God,” he added.
“The hostages are back! It feels so good to say it,” Trump said.
Netanyahu is “not easy to work with, but that’s what makes him great,” Trump affirmed.
“Like the USA right now, it will be the golden age for Israel,” the president commented.
Trump commented that “a lot of people said we were wasting our time” with regards to a ceasefire agreement, but thanks to several “great American patriots, we achieved this,” Trump commented, highlighting the work of US envoy Steve Witkoff for the part that he played.
Trump also thanked “someone who loves Israel so much, my daughter converted,” referring to his son-in-law Jared Kushner, and also thanked US Secretary of State Marco Rubio, noting that the two were political rivals, particularly during the Republican party primaries before Trump’s 2016 election victory.
Trump said that countries working together toward peace under the Gaza agreement represents an “incredible triumph for Israel and the world.”
He said Israel “has won all that can be won by force of arms.”
He added that it was time to translate what he described as “victories against terrorists” into peace and prosperity for the Middle East.
Trump then said my “personality is all about stopping wars.”
“As you mentioned, Bibi before, peace through strength…We have a lot of weapons, and we’ve given a lot of them to Israel frankly…Bibi would call me sometimes, can you get me this weapon that weapon, some of them I had never even heard of,” Trump said.
“Never forget and never again,” Trump declared regarding Hamas’s October 7, 2023 massacre, as the plenum stood for a standing ovation.
The “cruelty of October 7 struck the heart of humanity. The US mourned alongside Israel,” Trump affirmed.
“Because of us, the long and painful nightmare is finally over,” he said.
Trump also praised Israel for its airstrikes against Iran in June’s Operation Rising Lion, and the part the US played in striking Iranian nuclear facilities in Operation Midnight Hammer.
“We stopped the number one state sponsor of terror in obtaining the world’s most dangerous weapons,” he said.
“Assuming we made the same deal we have today, there would be a dark could over the deal,” he added.
“We took a big cloud off the Middle East and off of Israel,” Trump said to a round of applause.
“They took a big hit,” Trump said about Iran. “You know it would be great if we could make a peace deal” with them, he said.
“The dagger of Hezbollah, long aimed at Israel’s throat, has been shattered,” Trump commented, adding that he is supporting the Lebanese president in disarming the terror organization.
“People are dancing in countries in the street that would never have danced in the street,” due to the deal, Trump said, adding that the entire region has endorsed the plan that Hamas will be demilitarized.
“Peace is not just a dream, it’s a reality that we can build upon piece by piece,” the president said.
Everybody that has tried antisemitic policies has become irrelevant, and those who have reached across to Israel have become important, Trump said referring to the Abraham Accords, signalling his intention for other countries to join the agreement. “Now you have peace…people who really like Israel,” he said.
“They did nothing with the document,” he said, referring to countries who have not yet join the normalization agreement with Israel.
“This little dot, look at what you’ve done it’s incredible,” he said, receiving another standing ovation.
“The world wanted peace and Israel wanted peace, everybody did, and what a victory it’s been. The timing of this is brilliant,” Trump said as he thanked Netanyahu for “having the courage to end the war” when he did.
“After tremendous pain and hardship, now is the time to build the country up, instead of tearing it downI intend to be a partner is this,” Trump said.
“It’s my firm hope and dream that the Abraham Accords will turn out to be everything that we thought they would. Trump said that even after the war, the countries within the accords have remained. I hope all the countries we’re seeking, join quickly, no games,” Trump commented.
When Iran signed the nuclear deal it was a disaster for everyone,” Trump spoke on the past.
“That was the beginning of a very bad time, and by the way, I terminated the Iran nuclear deal,” Trump added.
Iran “wants to make a deal,” Trump said. Neither US or Israel bear Iran any hostility, the president claimed.
“We are ready when you are, and it’s going to be the best decision that Iran ever made,” Trump said.
“The state of Israel is strong and it will live and thrive forever,” he said, praising Israel as a key US ally.
Trump also spoke on the things he has done for Israel, remarking on how he is the best ally Israel has ever had.
Still there in the Knesset, Trump and Israeli Prime Minister Benjamin Netanyahu met with the mourning families, the abducted and the wounded Israel Defense Forces (IDF) personnel. You can see it by clicking here.
Thank the Lord for US President Trump, Prime Minister Netanyahu, the Israeli President Isaac Herzog, the armed forces of Israel and the entire Jewish State for the breakthroughs that happened this year. Israel defeated Iran during the 12-Day War which involved America’s massive bombing on the Iranian nuclear facilities. Hamas terrorists lost a lot of ground in Gaza and were down to their final stronghold being cornered by the IDF.
The Trump-brokered peace deal is working as I write this and having been to Israel myself (some of my Israel 2023 tour blog posts can be read by clicking here, here, here, here and here) I truly believe that the Middle East will change for the better with Israel as God’s chosen state. There will be challenges, the Trump-brokered peace deal has to keep developing, Middle East nations will have to adjust before joining the Abraham Accords and the terrorist leadership of Iran has yet to vanish. Whatever happens, hang on to your faith in the Lord and live on with His Word (the Holy Bible). Do not let the worldly pawns of Satan and chaos of the world dominate you. Simply stay strong with the Lord and keep on supporting Israel and Trump’s current term as US President.
To everyone reading this, I encourage you to accept the truth that Israel is the land God designated specifically for the Jewish people (read Genesis 35:10-12) and His command must be followed without hesitation. If you want to be blessed further by the Lord, do so by loving and blessing the Jewish people (Genesis 12:1-3). I did my part when I was in Israel. Also, let me remind you all that the ties between the Jews and Christians are truly biblical!
I encourage you all to pray to the Lord God in support of Israel, to love and bless the Jewish people, and pray for the peace of Jerusalem.
During a high-level press conference in the White House, United States President Donald Trump revealed an ambitious new plan to achieve peace not only in the Gaza Strip but also in the Middle East, and already Israeli Prime Minister Benjamin Netanyahu has agreed to it.
To get straight into what happened, watch the official video of the press conference from the White House below. Pay close attention to the details.
It should be noted that during the conference, Trump made it clear that if the Palestinian terrorist group Hamas (which has always been supported by terrorist state Iran and Qatar) rejects the plan, America will support Israel to eliminate the terrorists. Be aware that Hamas never cared for their fellow Palestinians in Gaza as they used them as human shields, and Hamas fed their greed and selfishness using humanitarian aid they snatched for a long time. Hamas, not Israel, is guilty of committing genocide and other crimes against humanity. There clearly is no justification for the Palestinian terrorists to exist the way they are. Hamas has a chance to stop their terrorism and we will find out soon if they will give in or not.
WHAT DID TRUMP SAY AT THE WHITE HOUSE PRESS CONFERENCE? – Trump said that the US would be involved in Israel’s security after the ceasefire agreement.
The president said that if his deal were accepted by Hamas, all of the hostages, living and dead, would be released almost immediately.
Trump intends to end the war itself, and said that he was “hearing that Hamas wants to get this done.”
He also stated that during his meeting with Netanyahu, the Israeli PM clearly stated his opposition to a Palestinian state.
Trump slammed other countries that had “foolishly” recognized a Palestinian state at the UN General Assembly last week.
He noted that if Hamas rejects the deal that Israel has agreed to, he would give Israel the backing to destroy Hamas.
“And if Hamas rejects the deal, which is always possible, they’re the only one left. Everyone else has accepted it, but I have a feeling that we’re going to have a positive answer,” he said. “But if not, as you know, Bibi, you have our full backing to do what you would.“
In addition, he said Israel and others were “beyond very close” to reaching an agreement on ending the Israel-Hamas War in the Gaza Strip.
Trump, standing alongside Netanyahu, said the agreement would involve Arab countries and should help to achieve a broader peace in the Middle East.
“At least we’re at a minimum, very, very close. And I think we’re beyond very close,” Trump told reporters. “And I want to thank Bibi for really getting in there and doing a job.”
Trump affirmed that Israelis want a return to peace and want the hostages home. He also added that there were “many Palestinians who wish to live in peace,” adding that they had a “rough life under Hamas.
Trump stated that he believes Iran will one day become a member of the Abraham Accords.
He concluded his statement by again calling on Hamas to accept his plan, calling it an “extremely fair proposal.”
WHAT DID NETANYAHU SAY AT THE WHITE HOUSE PRESS CONFERENCE? – Netanyahu stated that Trump was Israel’s greatest friend in Washington.
“You are the greatest friend that Israel has ever had in the White House,” the prime minister said, adding that “it’s not even close.”
He also said that Trump’s plan achieves all of Israel’s war aims. Netanyahu outlined his cabinet’s “day after” plan for Gaza and the end of the war.
The objectives included: the disarmament of Hamas, the demilitarization of Gaza, the return of the hostages, Israel maintaining security parameters within the enclave, and the establishment of a peaceful civilian administration in the Gaza Strip.
The prime minister also said that there would be no role for the Palestinian Authority in Gaza until it underwent major transformations.
Netanyahu said that Trump’s plan provides a “realistic path for Gaza.”
WHAT IS TRUMP’S PLAN? – Trump released his plan to end the Israel-Hamas War.
Notably, the statement said that within 72 hours of Israel publicly accepting this agreement, all hostages, alive and deceased, will be returned.
The released statement states that Gaza will be “a deradicalized terror-free zone that does not pose a threat to its neighbors,” and that the enclave will be redeveloped for the citizens of Gaza, “who have suffered more than enough.”
If both sides agree to this proposal, the war will immediately end. Israeli forces will withdraw to the agreed-upon line to prepare for a hostage release. During this time, all military operations, including aerial and artillery bombardment, will be suspended, and battle lines will remain frozen until conditions are met for the complete staged withdrawal.
Once all hostages are released, Israel will release 250 life sentence prisoners plus 1,700 Gazans who were detained after October 7th, 2023, including all women and children detained in that context. For every Israeli hostage whose remains are released, Israel will release the remains of 15 deceased Gazans.
Once all hostages are returned, Hamas members who commit to peaceful co-existence and to decommission their weapons will be given amnesty. Members of Hamas who wish to leave Gaza will be provided safe passage to receiving countries.
For additional insight about the press conference, watch the videos below.
Thank the Lord for this significant development on the part of Israel. President Trump and his team truly have a grand strategy to achieve peace in the Middle East and it involves Gaza (note: Trump previously revealed a Gaza plan) which has long been a hot bed of Islamic terrorists and literally the launch pad of terrorist attacks against Israel. Trump has been able to make peace agreements happen since he returned to the White House and in this year alone, many breakthroughs happened diplomatically, socially and economically.
That being said, it is a must for people to focus on what would happen next after the announcement of Trump’s bold peace plan for the Middle East. You can simply ignore the foolish acts of the corrupted United Nations (UN) and its many member nations who joined the wrong side of history by deciding to recognize a Palestinian state, getting close with terrorist state Iran and walking out of Netanyahu’s UN address. The Gaza and Middle East peace plan revealed by Trump and agreed to by Netanyahu is the one people of faith should focus on and pray to the Lord to make it happen.
I encourage you all to pray to the Lord God in support of Israel, to love and bless the Jewish people, and pray for the peace of Jerusalem.
A greater Asian presence within the World Triathlon congress was achieved as fourteen candidates from Asia won seats in varied committees during the election held recently Torremolinos, Spain. The newly elected members will be serving from 2025 to 2028.
Elected to the Credential Committee were Liangjie Li (China), Mohammad Hojaji (Iran), Reita Kanagarajah (Malaysia), and George Selman (Lebanon). Suzanne Tang (Malaysia) was elected to the Legal and Constitution Committee while Dana Shubat (Syria) made it to the Medical and Anti-Doping Committee.
Tomoko Wada (Japan), Jianqui Qin (China) and Melody Tan (Malaysia) were elected to the Multisport Committee. Hideki Yamana (Japan) in the National Coaches Committee, Masamitsu Tomikawa (Japan) in the Para Triathlon Committee, Kiriyo Suzuki (Japan) in the Technical Committee. Zhang Chen (China) and Yelena Kun (Uzbekistan) got elected to the Women’s Committee.
This milestone led to a marked improvement with Asian representation of 23% in the WT committees from about 5% in the previous term.
Meanwhile Japan’s Shin Otsuka got re-elected as Vice President and His Highness Prince Fahad Bin Jalawi Al Saud will represent Asia in the Executive Board. They too will serve from 2025 until 2028.
The newly elected Executive Board of World Triathlon recently had its first meeting and already they discussed the new agenda that includes the appointment of a new Secretary General, the external analysis of the events structure and the late withdrawal penalizations dismissed.
To put things in perspective, posted below is an excerpt from the GMA Network news report. Some parts in boldface…
President Ferdinand “Bongbong” Marcos Jr. said Monday that the implementing rules and regulations of the Maharlika Investment Fund (MIF) have been finalized, weeks after he said its implementation was suspended.
“The Investment Rules and Regulations of Maharlika Investment Fund have been finalized,” Marcos said on Instagram.
“Upon our approval, we’ll swiftly establish the corporate structure, getting the MIF up and running,” he added.
The IRR, which would spell the beginning of MIF’s operationalization, was released in August. Marcos announced the suspension of its implementation “pending further study” on October 18.
Before leaving for Saudi Arabia last month, Marcos clarified that the MIF was not put on hold, saying the government was still working to have it operational within the year.
“We are, the organization of the Maharlika Fund proceeds apace, and what I have done though, is that we have found more improvements we can make, specifically to the organizational structure of the Maharlika Fund,” the President had said.
Marcos had said the suspension of the IRR should not be misinterpreted as a judgement of rightness or wrongness of the MIF.
he President also maintained that economic managers and “personalities who will actually be involved in the fund” had been consulted regarding the MIF.
Marcos signed into law Republic Act No. 11954 or the Maharlika Investment Fund (MIF) Act of 2023 in July, with the aim to tap state assets for investment ventures to generate additional public funds.
The law creates the Maharlika Investment Corp. (MIC), a government-owned company that will manage the MIF — a pool of funds sourced from state-run financial institutions that will be invested in high-impact projects, real estate, as well as in financial instruments.
Under the law, the initial capitalization of the MIF would be sourced from Landbank at P50 billion, DBP at P25 billion, and the national government at P50 billion.
Let me end this piece by asking you readers: What is your reaction to this recent development? Do you think that there is no stopping the implementation of the Maharlika Investment Fund in the near-future?
Recently, the City Government of Muntinlupa congratulated local resident Kaila Napolis for winning the 52Kg women’s jiu-jitsu gold medal in the 2023 World Combat Games that took place in Saudi Arabia.
The congratulatory message was done through the City Government’s official Facebook page on October 28 with a picture post. For the newcomers reading this, this is not the first time Napolis made big achievements in international sports events and has been congratulated by the City Government before (read my past blog posts by clicking here, here, here and here).
From the official Facebook page of Muntinlupa City.
To put things in perspective, posted below is an excerpt from the PNA sports news article. Some parts in boldface…
The Philippines claimed its first gold medal in the 2023 World Combat Games following the triumph of ju-jitsu fighter Kaila Jenna Napolis at the King Saud University Arena in Riyadh, Saudi Arabia on Wednesday (Thursday in Manila).
“It’s my first time to qualify in such an event. It feels surreal to be able to get a gold medal especially here in the World Combat Games,” the 25-year-old Napolis told the Philippine News Agency on Thursday.
She scored a 2-0 victory over Anael Pannetier of France in the final of the women’s -52kg Ne-Waza.
“She looks intimidating by her stance and she’s a bit bigger than me so I’m very nervous going into the match. I feel like throwing up but I had to focus and give it my all because it is finals already,” shared Napolis, who defeated Adriana Cruz of Colombia, 6-0, in the quarterfinal and Mongljin Ganbaatar of Mongolia via submission in the semifinal.
“When I stepped on the mat, my mind was cleared already. I just wanna execute my techniques first and have a very good control on her,” added the 2023 Cambodia SEA Games gold medalist and Hangzhou Asian Games silver medalist.
Napolis was grateful to national coach John Baylon for accompanying her in the tournament.
“It’s my first time to travel alone without a teammate so I’m super thankful to coach John for helping me with the training here, assisting me with the schedules, being my corner man and masseur,” said Napolis, a member of the Paranaque-based Checkmat Manila Club headed by coach Manny Jimenez.
“Kaila deserved the gold medal, she trained hard and came here prepared,” said Baylon, a nine-time judo gold medalist in the SEA Games. He also competed in the 1988 (Seoul) and 1992 (Barcelona) Olympics.
Let me end this piece by asking you readers: What is your reaction to this recent development? If you are a resident of Muntinlupa City, are you very delighted to learn about the latest gold medal victory of Napolis? Does Napolis inspire people in your local community to engage in sports competitions?
For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673
Author Carlo Carrasco 