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 vows independent probe into flood-control irregularities

Business World Philippines

|

September 16, 2025

PHILIPPINE President Ferdinand R. Marcos, Jr. on Monday said his newly created commission investigating irregularities in the multibillion-peso flood-control projects would operate independently and free of political bias, seeking to distinguish it from congressional inquiries that he said risk conflicts of interest.

- Chloe Mari A. Hufana Reporter

The President issued the remarks as he appointed retired Supreme Court Associate Justice Andres B. Reyes, Jr. as chairman of the Independent Commission for Infrastructure (ICI.

“It will be completely independent,” Mr. Marcos told a Palace briefing. “That’s something that cannot be said if, for example, the Senate conducts [an investigation]... People ask why they are investigating themselves, which is always a little bit of a difficult situation.”

The ICI has been formed to probe alleged corruption in public works, zeroing in on defective flood control projects that drew criticism after heavy rains and storms submerged several towns and cities in recent months.

Mr. Marcos vowed the ICI will be independent, adding he will not interfere or direct the body on how their investigations are done.

He said the commission’s members have no ties to government, except for Baguio City Mayor Benjamin B. Magalong who was appointed as special adviser but opted to retain his local post.

“We have taken great pains to make sure that independence is recognized,” he added.

“There's only one way to do it... they will not be spared,” Mr. Marcos said when asked about his cousin and House Speaker Ferdinand Martin G. Romualdez’s alleged role in the scams.

This comes after Navotas Rep. Tobias M. Tiangco implicated Mr. Romualdez and former House Appropriations Chair Elizaldy S. Co as some of the lawmakers who allegedly received kickbacks from government contractors. They both have denied all allegations.

Mr. Romualdez, in a separate statement, said the chamber will not shield lawmakers implicated in anomalous flood control projects, stressing the issue is "bigger than personalities." He vowed the House would cooperate with Mr. Marcos' independent commission, calling it a chance to "cleanse the system."

ICI CHAIRMAN

Mr. Marcos on Monday announced the appointment of Mr.

MÁS HISTORIAS DE Business World Philippines

Business World Philippines

Yankees back Carlos Rodon’s strong outing in redemption win over O’s

GIANCARLO STANTON and Aaron Judge homered, and Carlos Rodon set a career-high mark with a sterling outing on the mound as the New York Yankees defeated the host Baltimore Orioles 6-1 on Saturday night.

time to read

1 mins

September 22, 2025

Business World Philippines

Business World Philippines

Refined, safer living in Pangasinan with Sta. Lucia Land and 1 Premiere

AS A PROMINENT travel haven in Central Luzon, Pangasinan is home to several nature destinations.

time to read

1 mins

September 22, 2025

Business World Philippines

Business World Philippines

The return of PhilHealth funds is the people’s victory

On Saturday, Sept. 20, President Ferdinand Marcos, Jr. announced that the P60 billion diverted from the Philippine Health Insurance Corp. (PhilHealth) to the National Treasury in 2024, which was strongly opposed by civil society and challenged in a Supreme Court petition (GR 274778, Pimentel vs. House of Representatives), would be returned to PhilHealth.

time to read

3 mins

September 22, 2025

Business World Philippines

North terminal exchange study expected this year

THE Department of Transportation (DoTr) hopes to complete the feasibility study for the northern Metro Manila integrated terminal exchange by the end of the year.

time to read

1 mins

September 22, 2025

Business World Philippines

Intel’s Nvidia deal seen as mixed blessing for Asian chipmakers

Nvidia's $5-billion investment in Intel is a double-edged sword for Asian chipmakers such as TSMC as an Intel revival could ease US scrutiny on its foreign rivals although it can boost competition in the long term.

time to read

1 mins

September 22, 2025

Business World Philippines

OpenAI taps Apple supplier to make artificial intelligence device

OPENAT has signed a deal with Apple device assembler, Luxshare, to make a consumer device, the Information reported on Friday, citing people familiar with the matter.

time to read

1 min

September 22, 2025

Business World Philippines

Business World Philippines

Alas Pilipinas has a big chance at SEAG in Thailand

ALAS Pilipinas’ odds-defying performance in the FIVB Men’ Volleyball World Championships did not only show everyone that it could compete against the best on the planet if given a chance.

time to read

1 mins

September 22, 2025

Business World Philippines

BSP bills fetch mixed yields

YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) short-term securities were mixed on Friday, even as demand was strong as it offered a lower volume compared to the previous week.

time to read

1 min

September 22, 2025

Business World Philippines

Clarity in compliance: The impact of RMC 81-2025 on business expense deductions

From a business standpoint, RMC 81-2025 calls for a shift from reactive tax management to purposeful tax governance, where compliance becomes a reflection of corporate integrity.

time to read

4 mins

September 22, 2025

Business World Philippines

Business World Philippines

SM Foundation upgrades two health facilities in Cebu

TWO HEALTH FACILITIES in Cebu have recently received comprehensive upgrades that transformed them into facilities that serve communities.

time to read

1 mins

September 22, 2025

Listen

Translate

Share

-
+

Change font size