MANILA, Nov. 26 -- President Ferdinand R. Marcos Jr. on Wednesday said more assets will be frozen as part of ongoing efforts to retrieve public funds linked to alleged irregularities in flood control projects.

In a video message, Marcos announced that the Anti-Money Laundering Council (AMLC) has secured two more freeze orders covering a total of around PHP12 billion in assets.

The freeze orders cover the air assets of former Ako Bicol Rep. Zaldy Co valued at about PHP4 billion, 3,566 bank accounts, 198 insurance policies, 247 motor vehicles, 178 real properties, and 16 e-wallet accounts.

As investigations and freeze orders continue, Marcos reaffirmed his administration's commitment to transparency, implementing stronger measures agains...