Facebook Pixel Marcos, Cabinet officials ready to publish net worth | Business World Philippines - newspaper - Lee esta historia en Magzter.com
Vuélvete ilimitado con Magzter GOLD

Vuélvete ilimitado con Magzter GOLD

Obtenga acceso ilimitado a más de 9000 revistas, periódicos e historias Premium por solo

$149.99
 
$74.99/Año

Intentar ORO - Gratis

Marcos, Cabinet officials ready to publish net worth

Business World Philippines

|

October 14, 2025

THE presidential palace on Monday said members of the Executive branch including President Ferdinand R. Marcos, Jr., are open to publicizing their statements of assets, liabilities and net worth (SALN), following the new Ombudsman’s plan to lift restrictions as calls for government transparency intensify.

“Whatever is proper, in accordance with the law and beneficial in the fight against corruption — everyone in the Executive branch will comply,” Palace Press Officer Clarissa A. Castro told a news briefing in Filipino. “Everyone in the Executive branch is ready.”

The Philippines is probing a multi-billion-peso public works scam after Mr. Marcos’ pronouncements during his fourth state of the nation address, where he accused lawmakers of receiving kickbacks in various infrastructure projects.

This opened a can of worms as various government branches launched their own inquiries, further uncovering irregularities in infrastructure spending and prompting renewed scrutiny of accountability and transparency in public service.

The President also appointed former Justice Secretary Jesus Crispin C. Remulla as ombudsman and established an independent body to probe public work scams.

MÁS HISTORIAS DE Business World Philippines

Business World Philippines

Gold bullion slides on dollar strength, profit-taking

GOLD retreated on Tuesday, easing from a three week high as profit-taking and a firmer dollar pressured prices, while traders awaited clarity on US tariff plans and the outcome of talks between Washington and Tehran.

time to read

1 min

February 26, 2026

Business World Philippines

EDSA protesters demand end to dynasties, corruption 40 years on

FORTY YEARS after a million Filipinos rose against tanks to end a dictatorship, the spirit of EDSA returned on Wednesday as protesters laid siege to the capital’s main thoroughfare, demanding an end to political dynasties amid a multibillion-peso infrastructure scandal that has worsened poverty across the nation.

time to read

2 mins

February 26, 2026

Business World Philippines

Business World Philippines

Meralco 2025 profit grows 12% to P50.6 billion

PANGILINAN-LED Manila Electric Co. (Meralco) achieved its P50-billion profit target for 2025, driven by power generation growth and contributions from its distribution business.

time to read

3 mins

February 26, 2026

Business World Philippines

Isla LPG celebrates partners at 9 Isla Cup Golf Tournament

THE FAIRWAYS of Tagaytay Midlands set a breathtaking stage this year as Isla LPG Corp. hosted its 9th Annual Isla Cup Golf Tournament.

time to read

1 min

February 26, 2026

Business World Philippines

SM Foundation holds medical missions across Metro Manila, Leyte

CONTINUING its commitment to bringing quality healthcare closer to grassroots communities, SM Foundation successfully conducted a series of medical missions this January, serving over 2,000 beneficiaries across Quezon City and the province of Leyte.

time to read

1 min

February 26, 2026

Business World Philippines

Apple shareholders reject call for report on China manufacturing risks

APPLE shareholders on Tuesday rejected a proposal to report on the company’s dependence on China to manufacture most of its products.

time to read

1 min

February 26, 2026

Business World Philippines

Yields on BSP’s term deposits drop further after latest rate cut

THE BANGKO SENTRAL ng Pilipinas’ (BSP) one-week term deposits continued to fetch lower yields on Wednesday as it cut benchmark interest rates further amid economic growth concerns.

time to read

2 mins

February 26, 2026

Business World Philippines

Oil prices dip as Iran prepares to take steps to reach deal with US

Oil prices closed down 1% on Tuesday after Iran said it was prepared to take any necessary steps to reach a nuclear deal with the US, after weeks of increased military deployment by the US in the Middle East.

time to read

1 mins

February 26, 2026

Business World Philippines

Second nationwide NaMMAT administration set for March

THIS MARCH, the Commission on Higher Education (CHED), in coordination with the Center for Educational Measurement, Inc. (CEM), will conduct the second nationwide administration of the National Merchant Marine Aptitude Test (NaMMAT).

time to read

1 min

February 26, 2026

Business World Philippines

Megaworld moves forward with Ilocandia Coastown development

MEGAWORLD CORP. is moving forward with land clearing and infrastructure at its 84-hectare (ha) Ilocandia Coastown, a beachfront township launched in 2024.

time to read

1 min

February 26, 2026

Listen

Translate

Share

-
+

Change font size