Connect with us

Hi, what are you looking for?

Captain Of Success
Top Stories

Stock Markets

Marcos orders flood control reform

Marcos orders flood control reform – BusinessWorld Online


      
      
      
      
      








PHILIPPINE President Ferdinand R. Marcos, Jr. has ordered his economic team to prioritize reforms in flood control spending after a recent meeting with the Economy and Development Council, as the government faces a widening graft scandal tied to infrastructure projects.

Palace Press Officer Clarissa A. Castro said the President directed officials to focus on correcting weaknesses in the use of public funds to prevent a repeat of anomalies linked to past flood mitigation projects. She said the President thinks reforms are needed to strengthen transparency and accountability in budget execution.

The flood control controversy has weighed on economic growth, public confidence and investor sentiment, prompting the administration to highlight measures aimed at improving oversight.

Ms. Castro pointed to transparency portals launched by several government agencies, including the Department of Public Works and Highways, which has been central to the scandal. Other agencies such as the Social Security System, Philippine Health Insurance Corp. and the Department of Agriculture have rolled out similar platforms. — Chloe Mari A. Hufana

CEDTyClea





    You May Also Like

    Finance

    The government has made a £25 million investment in Kraken Technologies in a bid to persuade the fast-growing artificial intelligence business to list in...

    Stock Markets

    PHILIPPINE STAR/WALTER BOLLOZOS By Almira Louise S. Martinez, Reporter The Philippines may experience an economic slowdown fueled by the low proficiency levels of students, as literacy...

    Stock Markets

    A RESCUE WORKER looks for survivors at the collapsed landfill in Binaliw, Cebu, Philippines, Jan. 11. — REUTERS/LISA MARIE DAVID By Vonn Andrei E....

    Finance

    Poundland has closed 149 stores and cut 2,200 jobs as part of a sweeping turnaround plan aimed at stabilising the business after a period...

    Disclaimer: CaptainOfSuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.