कोशिश गोल्ड - मुक्त

Digital transparency for a cleaner Philippine budget

Business World Philippines

|

September 26, 2025

Corruption in public spending isn’t an abstraction for Filipinos; we see it every time a “completed” project turns out to be a patch of mud or a slab that cracks after the first rain.

This year’s outrage over budget insertions made the pattern plain. Former Budget Secretary Florencio Abad called out what he described as an “unprecedented” P1.45 trillion in congressional insertions and reallocations in the national budget, the kind of maneuvering that FINEX FOLIO bends priorities away from planning toward politics.

When money is parked where it shouldn’t be, results follow, and not the good kind. The country is now digging through allegations that flood control funds were siphoned off through “ghost” or substandard projects that padded costs, enriched middlemen and left communities exposed to rising water.

If we want that cycle to break, we need digital transparency that exposes every peso’s path from proposal to payment. Not a dashboard that updates once a quarter, not a PDF dump, but a living system that lets citizens, journalists, contractors, auditors and line employees see the same data, in near-real time, with names, amounts, dates, locations, documents and decisions side by side. I want to be able to click on a barangay’s flood wall and see the bid notice, the winning supplier, the contract, change orders, progress payments, site photos and the engineer’s acceptance report. If anything looks off — like a firm with no equipment repeatedly winning, or unit prices jumping between adjacent towns — I should be able to flag it, and that flag should trigger a followup.

Business World Philippines से और कहानियाँ

Business World Philippines

Business World Philippines

Police investigate deaths of filmmaker Rob Reiner and wife as apparent homicide

Actor-director and political activist Rob Reiner and his wife were found dead in their Los Angeles home on Sunday, and police detectives are investigating the circumstances as an apparent homicide, city officials said.

time to read

2 mins

December 16, 2025

Business World Philippines

Asialink secures $50M in fresh funds under ADB credit facility

ASIALINK FINANCE Corp. (AFC) has secured $50 million in additional funding support as it looks to expand its lending to micro, small, and medium enterprises (MSME) across the Philippines.

time to read

1 min

December 16, 2025

Business World Philippines

Manila Water, Maynilad to hike rates next year

RESIDENTIAL HOUSEHOLDS in Metro Manila will see higher water bills in the first quarter of 2026 as the regulator approved the rate adjustments sought by the two concessionaires.

time to read

2 mins

December 16, 2025

Business World Philippines

Deutsche Bank sees 25-bp cut in Feb.

THE BANGKO SENTRAL ng Pilipinas (BSP) might deliver a sixth straight rate cut at its first policy meeting next year as weak domestic and external economic prospects could drag growth, Deutsche Bank Research said.

time to read

2 mins

December 16, 2025

Business World Philippines

Business World Philippines

Meralco seeks bids for 200-MW renewable energy supply

MANILA ELECTRIC CO. (Meralco) has launched a competitive selection process (CSP) to procure 200 megawatts (MW) of baseload renewable energy (RE) to comply with its renewable portfolio standards (RPS) obligations, the company said on Monday.

time to read

1 min

December 16, 2025

Business World Philippines

IMF lowers PHL growth forecasts for 2025 and 2026

THE PHILIPPINE ECONOMY is seen to grow below target until next year, as higher US tariffs dampened exports and investments, the International Monetary Fund (IMF) said on Monday.

time to read

2 mins

December 16, 2025

Business World Philippines

Business World Philippines

NEO Office PH eyes full occupancy next year

OFFICE developer NEO Office PH expects to achieve full occupancy next year as leasing demand from business process outsourcing (BPO) companies and small and medium enterprises (SMEs) remains strong, company officials said.

time to read

2 mins

December 16, 2025

Business World Philippines

Remittances jump by 3% in October

Slowest growth in five months

time to read

3 mins

December 16, 2025

Business World Philippines

Business World Philippines

BTr fully awards last T-bill offer as yields mostly move sideways

THE GOVERNMENT made a full award of the Treasury bills (T-bills) it offered on Monday at mixed rates amid weakening market activity before the yearend and following the US Federal Reserve and Bangko Sentral ng Pilipinas’ (BSP) policy decisions.

time to read

2 mins

December 16, 2025

Business World Philippines

PHL sees 2.16% drop in tourist arrivals

VISITOR ARRIVALS in the Philippines fell by 2.16% in the first 11 months, amid a decline in tourists from South Korea and China, Tourism department data showed.

time to read

2 mins

December 16, 2025

Listen

Translate

Share

-
+

Change font size