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Speaker Romualdez quits amid flood control scandal, replaced by Rep. Dy

Business World Philippines

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September 18, 2025

SPEAKER Ferdinand Martin G. Romualdez resigned on Wednesday amid mounting criticism of his alleged role in the Philippines' multibillion-peso flood control scandal, triggering a leadership shakeup in the House of Representatives just a week after a similar change in the Senate.

- By Kenneth Christiane L. Basilio

Shortly after, 253 congressmen voted to replace him with Isabela Rep. Faustino "Bojie" Dy III.

"The issues surrounding certain infrastructure projects have raised questions that bring not only upon me, but upon this institution we all serve," Mr. Romualdez, who was Speaker for three years, told the House floor. "The longer I stay, the heavier that burden grows on me, on the House, and on the President."

The resignation of Mr. Romualdez, the President's cousin, is the culmination of a broader congressional leadership shakeup that had been brewing since early September, and has already triggered a change in Senate leadership, with Senator Vicente "Tito" C. Sotto III replacing Francis G. Escudero amid a fallout from the flood control scandal.

Mr. Romualdez said he quit to let the House have a fresh start and begin efforts to regain public trust.

"The House needs this change," Senior Deputy Majority Leader and Iloilo Rep. Lorenz R. Defensor told reporters before the speakership vote. "It needs to rebuild its reputation and regain its integrity after what has happened to the anomalous budget on flood control projects."

Reports of irregularities in infrastructure contracts have fueled public outrage after a series of typhoons and monsoon rains earlier this year left Metro Manila and nearby provinces flooded despite extensive flood control projects.

MEER VERHALEN VAN Business World Philippines

Business World Philippines

Business World Philippines

S&P affirms 'BBB+' rating for Philippines

S&P GLOBAL RATINGS on Thursday affirmed the Philippines' investment grade credit rating with a \"positive\" outlook, noting that its growth prospects remain strong even as the corruption scandal weighs on the economy this year.

time to read

3 mins

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Business World Philippines

Bulacan contractors tied to 'ghost' projects face tax evasion raps — BIR

THE BUREAU of Internal Revenue (BIR) has filed tax evasion complaints against two Bulacan-based contractors allegedly involved in “ghost” flood control projects.

time to read

1 mins

November 28, 2025

Business World Philippines

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PHL, France spotlight co-productions, animation, feminist films as French Film Fest returns for 28th year

ANIMATED and feminist films are being screened until Nov. 30, as part of this year’s French Film Festival which is now in its 28th year.

time to read

3 mins

November 28, 2025

Business World Philippines

Business World Philippines

Business groups call for mandatory lifestyle checks on all gov't officials

SOME TOP business groups on Thursday called for the public submission of statements of assets, liabilities, and net worth (SALN) by all government officials, as well as mandatory lifestyle checks to enforce accountability.

time to read

3 mins

November 28, 2025

Business World Philippines

PHL jumps to 75th in talent competitiveness index

THE PHILIPPINES jumped nine spots in an annual ranking of countries' ability to attract and retain talent, according to a report by business school Institut Européen d'Administration des Affaires (INSEAD) and the Portulans Institute.

time to read

3 mins

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Business World Philippines

James picks his spots

The latest meeting between the Lakers and Clippers functioned both as spectacle and as affirmation of the pecking order. The final score in favor of the purple and gold comes off as a whipping on surface, punctuated by scoring bursts from marquee names. At the same time, clarity lies beyond the numbers: Roles, rhythms and resolve have clearly coalesced for the winners and unravelled for the vanquished.

time to read

1 mins

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Business World Philippines

Extended Beatles Anthology takes fans beyond the mythology of the band

A new episode of the Beatles Anthology, 30 years after the original landmark series, shows the impact on Paul McCartney, George Harrison, and Ringo Starr of being in the biggest rock band in history, its writer and director said.

time to read

1 min

November 28, 2025

Business World Philippines

Chinese sportswear maker Anta Sports Products exploring bid for Puma

CHINESE sportswear maker Anta Sports Products is among firms exploring a potential takeover of German sportswear brand Puma, Bloomberg News reported on Thursday.

time to read

1 min

November 28, 2025

Business World Philippines

Not too scary, but a solid first effort

KMJS' GABI NG LAGIM THE MOVIE

time to read

3 mins

November 28, 2025

Business World Philippines

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More than half of new articles on the internet are being written by AI – is human writing headed for extinction?

The line between human and machine authorship is blurring, particularly as it’s become increasingly difficult to tell whether something was written by a person or AI.

time to read

4 mins

November 28, 2025

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