Intentar ORO - Gratis
AMLC asked to freeze assets of officials, contractors in flood control scandal
Business World Philippines
|September 25, 2025
THE Department of Public Works and Highways (DPWH) has requested the Anti-Money Laundering Council (AMLC) to freeze the billions of pesos worth of air and vehicle assets belonging to personalities, contractors and agency officials linked to anomalies in flood control projects.
“I think the freeze order will be issued (immediately). I think within a few days (after request) it will be issued. Hopefully, the freeze order will be issued right away,” Public Works and Highways Secretary Vivencio “Vince” B. Dizon said in a press briefing on Wednesday.
This move follows the DPWH’s announcement last week that it is coordinating with other agencies to probe real estate properties and high-value vehicles of 26 contractors and DPWH personnel linked to irregularities in flood control projects.
“LTO (Land Transportation Office) and CAAP (Civil Aviation Authority of the Philippines) have already responded to our request. We are still waiting for MARINA (Maritime Industry Authority) and LRA’s (Land Registration Authority) responses for these individuals’ sea and land assets,” Mr. Dizon said.
According to the report of LTO, a total of P474.48 million worth of motor vehicles were found to be registered under the names of DPWH personnel and private contractors.
Based on the report provided by the agency, about P277.26 million of the total amount were vehicle assets of former Pasig mayoral candidate Cezarah Rowena C. Discaya, and her husband Pacifico F. Discaya.
Esta historia es de la edición September 25, 2025 de Business World Philippines.
Suscríbete a Magzter GOLD para acceder a miles de historias premium seleccionadas y a más de 9000 revistas y periódicos.
¿Ya eres suscriptor? Iniciar sesión
MÁS HISTORIAS DE Business World Philippines
Business World Philippines
Nearly half of all households growing their own food in response to hardships — SWS
SOME 49% of households said they are producing at least some of their own food due to economic difficulties the Social Weather Stations (SWS) survey organization said.
1 min
September 26, 2025
Business World Philippines
PHL, Singapore start double taxation talks
THE Philippines and Singapore have started negotiations to update their 1997 double taxation agreement (DTA), the Department of Finance (DoF) said.
1 min
September 26, 2025
Business World Philippines
Copper extends gains on improving China demand
COPPER hit its highest in more than 15 months on Wednesday after Freeport-McMoran Inc declared force majeure at its Grasberg mining complex in Indonesia and slashed production guidance for 2026.
1 mins
September 26, 2025
Business World Philippines
Arabica coffee gains 4% as cocoa also up; sugar down
Arabica coffee futures on ICE gained 4% on Wednesday, recouping the prior session’s steep losses, while cocoa futures closed up and further away from this week’s two-month lows.
1 mins
September 26, 2025
Business World Philippines
Hong Kong, Sri Lanka, Chile and Bangladesh seeking to join world’s largest trade bloc
Hong Kong, Sri Lanka, Chile and Bangladesh are seeking to join the China-backed Regional Comprehensive Economic Partnership (RCEP), the world’s largest trade bloc, Southeast Asian officials said on Thursday.
1 min
September 26, 2025
Business World Philippines
US judge blocks Trump from tying states’ disaster aid to immigration enforcement
A FEDERAL JUDGE ruled on Wednesday that an effort by the Trump administration to force states to cooperate with immigration enforcement in order to receive billions of dollars in emergency and disaster aid is unlawful and unconstitutional.
1 mins
September 26, 2025
Business World Philippines
ADB open to expanding support for flood-resilience projects in PHL
THE Asian Development Bank (ADB) said it is open to expanding its flood-resilience initiatives in the Philippines as infrastructure projects come under closer scrutiny.
1 min
September 26, 2025
Business World Philippines
Converge says prepaid brand Surf2Sawa reaches half a million users
CONVERGE ICT Solutions, Inc. said its prepaid brand Surf2Sawa (S2S) has reached 500,000 active subscribers two years after its launch, reflecting adoption among budget-conscious broadband users.
1 min
September 26, 2025
Business World Philippines
Fear of deportation grips undocumented women on California's farms
At this time of the year, Maria should be hard at work picking grapes in California’s Central Valley, a crop so huge that it typically takes tens of thousands of workers to harvest.
2 mins
September 26, 2025
Business World Philippines
Public works slowdown starting to affect sales of European suppliers
EUROPEAN COMPANIES, particularly those involved in construction, are reporting a slowdown in orders as an offshoot of the corruption scandal in public works, the European Chamber of Commerce of the Philippines (ECCP) said.
2 mins
September 26, 2025
Listen
Translate
Change font size