Waning GDP blamed on corruption

Business groups have called on the Marcos administration to hold public officials involved in the flood control scandal accountable, as economic growth slows to a four-year low amid weakening business sentiment.

- By DEXTER BARRO II

PLDT LAUNCHES SMARTSAFE ANTI-FRAUD SUITE - PLDT Enterprise, global mobile industry body GSMA, and key Philippine regulators join together to launch SmartSafe, the country's first telco-enabled fraud management API suite, to empower safer digital experiences for Filipinos. In photo (from left): Bangko Sentral ng Pilipinas Senior Director John Regala, PLDT and Smart SVP and Head of Enterprise Business Group Blums Pineda, PLDT and Smart Chairman, President, and CEO Manny V. Pangilinan, Department of Information and Communications Technology Secretary Henry Aguda, PLDT Enterprise FVP and Head of Enterprise Product Management and Innovation Nico Alcoseba, GSMA Head of Strategic Engagement Kevin Henry, and Nabstract CEO Vaibhav Mehta.

In separate statements, the Makati Business Club (MBC) and the Federation of Philippine Industries (FPI) urged the government to ramp up its anti-corruption drive to restore confidence in the economy.