Close Menu
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
What's Hot

Hong Kong stocks rise as Wall Street rally boosts confidence in earnings growth

December 24, 2025

PPL strikes new gas reserve in Kashmore – Business & Finance

December 24, 2025

Islamic banking must be reflected in practice: SBP – Business & Finance

December 24, 2025
Facebook X (Twitter) Instagram
Wednesday, December 24
Facebook X (Twitter) Instagram
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
World Economist – Global Markets, Finance & Economic Insights
Home » Philippines’ Marcos orders lifestyle checks to stem flood corruption – will they work?
Asia

Philippines’ Marcos orders lifestyle checks to stem flood corruption – will they work?

adminBy adminAugust 28, 2025No Comments2 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
Share
Facebook Twitter Pinterest Email Copy Link
Post Views: 58


Philippine President Ferdinand Marcos Jnr has ordered lifestyle checks on government officials as part of a sweeping review of flood control projects mired in allegations of corruption, but analysts warn the move risks being more symbolic than systemic.

Presidential press officer Claire Castro confirmed the directive at a briefing on Wednesday, saying the checks would cover the entire executive branch, starting with the Department of Public Works and Highways (DPWH), which oversees infrastructure projects.

“We cannot deny the fact that there are DPWH officials who are involved, and we should start the lifestyle checks with them,” she said.

The Philippines has spent 545 billion pesos (US$9.5 billion) on flood management since 2022, with 20 per cent of the budget for flood control projects awarded to only 15 contractors across the country, according to a preliminary probe conducted earlier this month.

Despite this, several provinces, including Metro Manila, were submerged in deep flooding in July, with over a month’s worth of rainfall recorded in the capital region in just four days.

Philippine President Ferdinand Marcos Jnr has warned of “economic sabotage” charges against “big” offenders involved in failed flood control projects. Photo: EPA
Philippine President Ferdinand Marcos Jnr has warned of “economic sabotage” charges against “big” offenders involved in failed flood control projects. Photo: EPA
Last week, Marcos expressed his “anger” over failed flood control projects in the country, and warned of “economic sabotage” charges against “big” offenders involved in these corrupt practices.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
admin
  • Website

Related Posts

Asia

Yoon’s ex-aides in ‘disbelief’ over South Korean martial law plan

December 24, 2025
Asia

Rare Rafflesia flower rediscovery in Indonesia revives push to drop colonial name

December 23, 2025
Asia

Economic ‘pragmatism’ powers Indonesians’ positive view of China, survey finds

December 23, 2025
Asia

Why Malaysian court ruling against Najib is dividing Anwar’s coalition

December 23, 2025
Asia

Nepal to clean up Mount Everest’s waste by limiting climbers, flying more drones

December 23, 2025
Asia

Southeast Asian floods set to threaten more wildlife due to climate change

December 23, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

PPL strikes new gas reserve in Kashmore – Business & Finance

December 24, 2025

Islamic banking must be reflected in practice: SBP – Business & Finance

December 24, 2025

Solarisation in Pakistan: affordability remains binding constraint, says study – Pakistan

December 23, 2025

PPL discovers gas reserves in Sindh – Markets

December 23, 2025
Latest Posts

PSX hits all-time high as proposed ‘neutral-to-positive’ budget well-received by investors – Business

June 11, 2025

Sindh govt to allocate funds for EV taxis, scooters in provincial budget: minister – Pakistan

June 11, 2025

US, China reach deal to ease export curbs, keep tariff truce alive – World

June 11, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Recent Posts

  • Hong Kong stocks rise as Wall Street rally boosts confidence in earnings growth
  • PPL strikes new gas reserve in Kashmore – Business & Finance
  • Islamic banking must be reflected in practice: SBP – Business & Finance
  • China needs ‘original’ knowledge system on border history to counter West, scholar says
  • Chinese ETFs investing in US stocks cap subscriptions as they run out of quotas

Recent Comments

No comments to show.

Welcome to World-Economist.com, your trusted source for in-depth analysis, expert insights, and the latest news on global finance and economics. Our mission is to provide readers with accurate, data-driven reports that shape the understanding of economic trends worldwide.

Latest Posts

Hong Kong stocks rise as Wall Street rally boosts confidence in earnings growth

December 24, 2025

PPL strikes new gas reserve in Kashmore – Business & Finance

December 24, 2025

Islamic banking must be reflected in practice: SBP – Business & Finance

December 24, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Archives

  • December 2025
  • November 2025
  • October 2025
  • September 2025
  • August 2025
  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • June 2024
  • March 2024
  • October 2022
  • March 2022
  • July 2021
  • February 2021
  • January 2021
  • November 2019
  • April 2011
  • January 2011
  • December 2007
  • July 2007

Categories

  • AI & Tech
  • Asia
  • Banking
  • Business
  • Business
  • China
  • Climate
  • Computing
  • Economist Impact
  • Economist Intelligence
  • Economy
  • Editor's Choice
  • Europe
  • Europe
  • Featured
  • Featured Business
  • Featured Climate
  • Featured Health
  • Featured Science & Tech
  • Featured Travel
  • Finance & Economics
  • Health
  • Highlights
  • Markets
  • Middle East
  • Middle East & Africa
  • Middle East News
  • Most Viewed News
  • News Highlights
  • Other News
  • Politics
  • Russia
  • Science
  • Science & Tech
  • Social
  • Space Science
  • Sports
  • Sports Roundup
  • Tech
  • This week
  • Top Featured
  • Travel
  • Trending Posts
  • Ukraine Conflict
  • Uncategorized
  • US Politics
  • USA
  • World
  • World & Politics
  • World Economy
  • World News
© 2025 world-economist. Designed by world-economist.
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.