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Minority senators push flood control reforms
January 21, 2026
|Business World Philippines
MINORITY SENATORS on Tuesday called for structural reforms to curb corruption and inefficiency as the government continues its investigation into the multibillion-peso flood control scandal.
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In a 576-page report released to reporters, the Senate minority bloc highlighted loopholes and lapses in state processes that allowed anomalous flood control projects to slip through.
“These reforms would prevent the inclusion of ‘ghost’ or fabricated projects in the National Expenditure Plan and curb politically motivated budget allocations disconnected from verified flood risks,” according to the report.
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Business World Philippines
PHL to grow below target until 2027 Maybank
PHILIPPINE ECONOMIC growth may continue to undershoot the government's targets until next year as the lingering effects of the flood control corruption scandal will likely derail recovery, Maybank Investment Banking Group said.
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Philippine agriculture output likely increased in 2025
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2 mins
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Philippines eyes $1.5 billion from triple-tranche dollar bond offer
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2 mins
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BDO sells controlling stake in DHI
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1 mins
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Bol approves Isabela, Pangasinan solar projects
THE Board of Investments (BoI) said it approved the registration of two renewable energy (RE) projects worth a combined P2 billion in Isabela and Pangasinan.
1 mins
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Rice output ‘disappointing’ even after surpassing DA’s downgraded 2025 target
PHILIPPINE production of palay (unmilled rice) rose 3.01% to 19.68 million metric tons (MMT) in 2025, recovering from the previous year’s decline but below an original official projection of over 20 MMT, analysts said.
2 mins
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Cement is hitting a wall. There’s no coming back
WHAT’S THE MOST important commodity for modern civilization? There’s a good argument that it’s not the ones we think about — oil, gas, copper, iron ore, gold — but something that’s ubiquitous and rarely grabs the attention of financial markets: concrete.
3 mins
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PEZA says prospective investors shrugging off corruption concerns
THE Philippine Economic Zone Authority (PEZA) said potential investors have not yet let the infrastructure corruption scandal affect their plans, adding that it still expects the economic zones it administers to generate 100,000 new jobs this year.
2 mins
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GOCCs ordered to prepare 2027 budget proposals
THE Department of Budget and Management (DBM) ordered state-run firms to start preparing their budget proposals for 2027.
1 min
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BoP position swings to deficit in 2025
THE PHILIPPINES' balance of payments (BoP) deficit in 2025 settled below the central bank's full-year forecast despite posting a wider deficit in December.
3 mins
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