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...
Despite ongoing corruption scandals, the Asian Development Bank (ADB) expressed continued confidence in the Philippines and reaffirmed its commitment to actively assist the government in resolving issues. Speaking on the sidelines of the Arangkada Philippines investment forum on Thursday, Sept. 25,...
The Philippine business community is in synch with other sectors of Filipino society in condemning those responsible for the trillion-peso flood control projects scandal. Many industry groups, including the Financial Executives Institute of the Philippines, have expressed their outrage and disgust...
Despite what many described as the biggest corruption scandal in the Philippines, the multi-billion peso flood control issue currently being investigated in the Senate has not changed the minds of Italian investors over their interests in bringing business to the country. Italian Ambassador to the...
Although former president Rodrigo Duterte is detained in The Hague, Netherlands, Vice President Sara Duterte said he keeps the Philippines in mind, worried about the current corruption issues plaguing the country. The official was able to talk to her father on Friday, Sept. 19, via a phone call...
The Anti-Money Laundering Council (AMLC) has taken another step in its fight against corruption, securing a fresh freeze order to seize assets connected to the government’s flood control scandal. In a statement, AMLC Executive Director Matthew M. David said that the order, issued Friday, Sept....
Filipinos must revolt not just against systemic corruption but also against the moral decay that enables it, Lingayen-Dagupan Archbishop Socrates Villegas said. “Kulang pa ang ‘Tama na!’ (Enough is not enough),” Villegas wrote in his pastoral letter, to be read in all Masses this Sunday,...
