Prøve GULL - Gratis
Year-long state of calamity raises need for greater gov't spending oversight
Business World Philippines
|January 09, 2026
A LAWMAKER urged tighter scrutiny of government spending amid the yearlong state of national calamity, pushing for greater congressional oversight on disbursements on agencies prone to corruption.
Having tighter supervision and greater public participation in bidding processes would help ensure contracts are awarded properly to curb wasteful spending and fund malversation, Party-list Rep. Terry L. Ridon, who heads the House Public Accounts Committee, said on Wednesday.
President Ferdinand R. Marcos, Jr. placed the Philippines under a yearlong state of national calamity after two successive typhoons in November left hundreds dead and caused billions in damage. This declaration allows authorities to bypass regular bidding and directly negotiate with suppliers.
“We need to be vigilant about it,” he told Business World in an interview. “That’s really our safeguard against agencies and officers who will try to take shortcuts and engage in corrupt practices.”
Denne historien er fra January 09, 2026-utgaven av Business World Philippines.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Business World Philippines
Business World Philippines
Q1 growth likely still weak amid flood mess fallout, rising inflation
PHILIPPINE economic growth likely remained muted in the first quarter, weighed down by the lingering fallout from the flood control scandal and rising costs driven by the oil crisis, analysts said.
2 mins
May 05, 2026
Business World Philippines
Academic Innovation Challenge: Where students build intelligent platforms with AI agents
Decades ago, the invention of the calculator was seen as a disruptive breakthrough, reshaping how calculations were performed and how quickly problems could be solved.
3 mins
May 05, 2026
Business World Philippines
Manufacturing PMI contracts in April
PHILIPPINE FACTORY activity contracted for the first time in five months in April amid a sharp decline in new orders, S&P Global said on Monday.
2 mins
May 05, 2026
Business World Philippines
Oil firms to hike diesel, gasoline prices this week
MOTORISTS should brace for higher pump prices this week as fuel retailers pause rollbacks amid rising logistics and insurance costs due to the prolonged conflict in the Middle East.
2 mins
May 05, 2026
Business World Philippines
Asia trade and the ASEAN summit
The annual summit of the Association of Southeast Asian Nations (ASEAN) will be held on May 7 to 8 in Lapu-Lapu City, Cebu.
3 mins
May 05, 2026
Business World Philippines
Philippines' PPP pipeline reaches P3.16T, led by transport projects
THE PHILIPPINES' pipeline of public-private partnership (PPP) projects has reached 252 with a combined value of P3.16 trillion, the government said.
2 mins
May 05, 2026
Business World Philippines
Ayala Land eyes transit-oriented growth with Cloverleaf hub
AYALA LAND Estates, Inc. said it will begin developing the 11-hectare Cloverleaf Commercial Hub in Quezon City, as it seeks to expand its mixed-use portfolio and strengthen its position as a transit-oriented development in northern Metro Manila.
1 mins
May 05, 2026
Business World Philippines
Oil slips after Trump says US will assist ships stranded in Hormuz
Crude oil prices eased on Monday after President Donald J. Trump said the United States would begin an effort to assist ships stranded in the Strait of Hormuz, but the lack of a US-Iran peace deal kept the market supported above $100.
1 mins
May 05, 2026
Business World Philippines
Robinsons Land cites ESG efforts after ‘green’ recognition
ROBINSONS LAND CORP. (RLC) said its environmental, social, and governance (ESG) initiatives and green building programs were recognized at this year’s Global Good Governance (3G) Awards.
1 min
May 05, 2026
Business World Philippines
BTr partially awards T-bills as yields jump on inflation woes
THE GOVERNMENT partially awarded the Treasury bills (T-bills) it offered on Monday as yields jumped across the board on expectations of faster April inflation as the Middle East war continues to push up global energy costs.
3 mins
May 05, 2026
Listen
Translate
Change font size
