Versuchen GOLD - Frei
Analysts warn of corruption risk over the Philippines’ year-long calamity declaration
Business World Philippines
|November 11, 2025
PRESIDENT Ferdinand R. Marcos, Jr.’s yearlong national calamity declaration will fast-track rehabilitation efforts across typhoon-ravaged regions in the country, but it may also carry corruption risks, analysts said on Monday.
While the declaration may accelerate fund disbursement and disaster recovery, they warned that relaxed bidding rules could expose an already corruption-prone procurement process to further abuse.
“Calamity declarations usually have twofold effects — make available the resources and funds over and above that are regularly appropriated, and ensure that their processing is easier and faster than normal,” Nigel Paul C. Villarete, a senior adviser at technical advisory group Libra Konsult, Inc., said ina Viber message.
Mr. Marcos last week placed the Philippines under a yearlong state of national calamity after two successive typhoons that left hundreds dead swept across the country. Damage valuation is still underway, but losses to infrastructure and agriculture often run into hundreds of millions, if not billions, of pesos.
The Southeast Asian nation is hit by an average of 20 typhoons a year, and a 2017 World Bank report estimates the country suffers $3.5 billion (P206 billion) in annual asset losses from typhoons and earthquakes.
Typhoon Kalmaegi, locally known as Tino, brought “torrential rains, widespread flooding and multiple landslide incidents” across the Philippines, according to Proclamation No. 1077, which authorizes streamlined procurement rules to fast-track recovery efforts, among others.
But the move may trigger a wave of corruption as authorities are empowered to bypass regular bidding and directly negotiate with suppliers, analysts said.
Diese Geschichte stammt aus der November 11, 2025-Ausgabe von Business World Philippines.
Abonnieren Sie Magzter GOLD, um auf Tausende kuratierter Premium-Geschichten und über 9.000 Zeitschriften und Zeitungen zuzugreifen.
Sie sind bereits Abonnent? Anmelden
WEITERE GESCHICHTEN VON Business World Philippines
Business World Philippines
Chipmaker Nvidia's plan to invest up to $100B in OpenAI has stalled
Nvidia plans to make a “huge” investment into OpenAI, probably its largest ever, Chief Executive Officer (CEO) Jensen Huang said on Saturday, denying he was unhappy with the ChatGPT maker.
1 mins
February 02, 2026
Business World Philippines
Our moralistic paradigm of development
THE ARREST of Bong Revilla this January was met with public celebration.
5 mins
February 02, 2026
Business World Philippines
T-bill, bond rates may drop on BSP easing hopes
RATES of the Treasury bills (T-bills) and Treasury bonds (T-bonds) on offer this week could decline as weak gross domestic product (GDP) data increased expectations of further policy easing by the central bank.
2 mins
February 02, 2026
Business World Philippines
Philippine infrastructure spending declines for fifth straight month in Nov.
PHILIPPINE GOVERNMENT spending on infrastructure fell for a fifth straight month in November, underscoring how a widening corruption investigation has weighed on public works implementation and fiscal momentum.
3 mins
February 02, 2026
Business World Philippines
PHL recovery likely delayed in 2026 amid corruption drag, analysts say
THE PHILIPPINE ECONOMY may shake off its slump by mid-2026, but lingering governance issues and execution bottlenecks could delay the recovery, economists said.
2 mins
February 02, 2026
Business World Philippines
Debt yields go down on weak GDP data
YIELDS on government securities (GS) traded in the secondary market declined last week as below-target Philippine gross domestic product (GDP) growth last year raises the odds of further easing by the Bangko Sentral ng Pilipinas (BSP).
3 mins
February 02, 2026
Business World Philippines
Eala faces Sonmez of Turkey in Round 1 of Abu Dhabi Open
ALEXANDRA “ALEX” EALA resumes her campaign in the WTA Tour against Turkey’s Zeynep Sonmez in Round 1 of the stacked WTA 500 Mubadala Abu Dhabi Open starting on Monday at the Zayed Sports City International Tennis Centre.
2 mins
February 02, 2026
Business World Philippines
Hog raisers urge gov’t to increase pork tariffs
HOG RAISERS want the government to restore higher pork tariffs, warning that a surge in imports has oversupplied the market and dragged down farm-gate prices.
1 mins
February 02, 2026
Business World Philippines
Social security coverage for ‘gig’ workers urged
PHILIPPINE labor coalitions are demanding a systemic overhaul of social protections for “gig” workers, urging the government to mandate Social Security System (SSS) integration over the private insurance models currently favored by digital platforms.
1 min
February 02, 2026
Business World Philippines
January inflation seen holding at 1.8%
PHILIPPINE INFLATION likely held steady in January as lower electricity charges and easing vegetable prices helped offset pressures from higher food and fuel costs and a weaker peso, economists said ahead of official data.
4 mins
February 02, 2026
Listen
Translate
Change font size
