Students from several universities and colleges in Manila will walk out from their classes to join a mass demonstration in Mendiola on Oct. 17, against the rampant corruption in the government as well as the "snail-paced" investigations being conducted against individuals and agencies allegedly...
In no uncertain terms, the state-controlled Land Bank of the Philippines debunked any irregularities regarding the release of millions of pesos meant to fund flood control projects, which were instead allegedly pocketed by private and public, elected and appointed, individuals. As a significant...
The ongoing mudslinging in the political arena, arising from the floodgate mess, sent shivers through the financial market. The peso suffered continuous beating against the United States (US) dollar, and the bourse slid down. Yes, Virginia, the currency, bond, and equities markets are uptight! The...
The Roman Catholic Archbishop of Manila (RCAM) has mandated all parishes, shrines, and chapels under its jurisdiction to pray the Oratio Imperata for Integrity, Truth, and Justice amid the widening corruption scandal in the Philippines. In a pastoral letter released on Thursday, Oct. 2, Manila...
As the probe into controversial flood control projects continues, more than 800 new bank accounts have also been identified as having questionable transactions, leading authorities to add them to the growing list of frozen accounts. According to the Anti-Money Laundering Council (AMLC), it secured...
Vice President Sara Duterte believes that Malacañang will one day have to confront public demand for truth and accountability as former speaker Martin Romualdez, President Marcos’ cousin and close ally, continues to find himself in hot water over the multi-billion-peso flood control corruption...
The influential Management Association of the Philippines (MAP) is asking the government to reallocate a portion of the ₱255.5 billion originally intended for flood control projects to fund the upgrade of stations along the EDSA Busway. “Since the government is not inclined to appropriate funds...
State-run Land Bank of the Philippines (Landbank) has clarified that the handling of the bank accounts of the Department of Public Works and Highways ' (DPWH) contractors did not involve irregularities, countering insinuations that it was complicit in alleged flood control corruption. This...
Vice President Sara Duterte on Monday, Sept. 29, lamented that “nothing (is) happening” in the country as politics and self-interest seemed to consume government officials under the Marcos administration. In a press conference, the official criticized the present administration for the...
Communications Undersecretary Claire Castro denied allegations that the Palace made inconsistent statements on the role of Baguio City Mayor Benjamin Magalong in the Independent Commission on Infrastructure (ICI). In a press briefing on Monday, Sept. 29, Castro clarified that her Sept. 13 remark,...
By now, any Filipino who doesn’t feel the disgust and rage over how these public officials and private contractors have seized the nation’s financial resources and lived lavishly at the expense of the unassuming Juan dela Cruz, must be out of their mind or complicit with these despicable...
The international financial community, including credit rating agencies, is closely monitoring the unfolding events of the “flood-gate” scandal that is currently rocking the nation and sending investors to the sidelines. Yes, Virginia, a significant slowdown in foreign direct investments has...
