Biz demands anti-graft watchdog

The business sector is exploring the possibility of establishing an independent body that will serve as the government's "eyes and ears" to monitor public works across the country amid corruption issues and the threat of waning investor confidence.

- By DEXTER BARRO

Philippine Chamber of Commerce and Industry (PCCI) executive vice president Ferdinand Ferrer said the country's business leaders are open to creating a body that will help the government expedite ongoing investigations into corruption.

Earlier, a total of 34 business groups urged President Marcos to act more decisively against irregularities as they voiced their discontent over the seemingly unhurried pace of holding those responsible accountable.

Speaking before the business community at the 51st Philippine Business Conference and Expo, Department of Public Works and Highways (DPWH) Secretary Vince Dizon suggested that the government could tap technology in addressing corruption.

Dizon, in particular, highlighted the DPWH’s openness to adopt blockchain technology for the monitoring of government projects and the use of public funds.

He added that the agency will soon launch a transparency portal to complement these efforts, providing the business sector and the general public the platform to scrutinize its projects.