Philippine economic growth would continue to underperform this year and next as the country faces not only headwinds from a prolonged war in the Middle East but also domestic challenges related to politics and corruption, according to the Institute of International Finance (IIF). The IIF’s latest...
The Quezon City government launched on Monday, May 18, “QCitizen Data: Resibo ng Serbisyo,” a digital transparency platform that allows residents and other stakeholders to monitor public spending and government projects in real time. Speaking during the launch at the QC MICE Center as part of...
During intense deliberations that preceded the 2005 enactment of the Expanded Value Added Tax (E-VAT) Law, which also covered oil and electricity, lawmakers defended the measure as a treasury-tightening mechanism; an unpopular but calculated imposition designed to raise massive revenues so it could...
Vice President Sara Duterte criticized what she described as the government’s “lack of direction” as many Filipinos continue to struggle with poverty, unemployment, and rising economic uncertainty. In a video interview released by the Office of the Vice President (OVP) on Thursday, May 7,...
The revelations in the Senate Blue Ribbon Committee Chairman 's Report on the flood control scandal lay bare that corruption in public works is not incidental. It is clearly engineered. It flows through a coordinated network that cuts across agencies, offices, and even branches of government....
Japanese investors have raised the issue of corruption as one of their concerns in putting their money to the government’s mass housing amid the efforts of the Department of Human Settlements and Urban Development (DHSUD) said amid efforts to fast-track the program. DHSUD Secretary Jose Ramon...
While former House Speaker Martin Romualdez attributed budget corruption to the executive branch, President Marcos does not feel he is being blamed for the anomalies surrounding the national budget, which are also linked to the massive flood control scandal. Palace Press Officer and Communications...
Vice President Sara Duterte on Wednesday, April 22, warned that corruption in climate infrastructure projects in the Philippines poses a “direct threat to national security,” as the country faces increasingly destructive storms. In her Earth Day 2026 message, Duterte cited the devastation...
The Philippines is grappling with entrenched institutional weaknesses and rising geopolitical volatility that threaten to undermine its credit profile, according to global debt watcher Moody’s Ratings. While the credit watcher maintained the nation’s investment-grade rating at ‘Baa2’ with...
The United States (US) has once again flagged corruption as a major barrier to trade and investment with the Philippines, as recent efforts to clean up regulatory and judicial processes have failed to yield positive results. In this year’s National Trade Estimate (NTE) report, the Office of the...
The Anti-Money Laundering Council (AMLC), the Philippine financial intelligence unit, has begun searching for its next executive director as Matthew David prepares to step down and seek another position within the Bangko Sentral ng Pilipinas (BSP). David led several asset freezes and seizures...
The Department of Public Works and Highways (DPWH) is holding university job fairs to recruit fresh graduates and graduating students as part of a nationwide drive to reform the agency and restore public trust amid allegations of corruption in flood control projects. DPWH Secretary Vince Dizon...
