BUSINESS GROUPS URGE MARCOS TO ENFORCE REFORMS, RECOVER STOLEN FUNDS AMID CORRUPTION SCANDAL

Over 30 business organizations have called on President Ferdinand “Bongbong” Marcos Jr. to swiftly implement institutional reforms and recover ill-gotten wealth linked to corruption in flood control and infrastructure projects. The groups condemned the misuse of government funds in ghost projects, substandard work, and inflated contracts, which they say have betrayed public trust and left communities vulnerable. They also urged empowerment of the Independent Commission on Infrastructure for thorough investigations, regular public updates, and impartial prosecution of those responsible. The Palace assured that the administration is actively addressing these concerns, with implicated officials facing asset freezes and charges. Recent estimates suggest the “ghost” projects may have cost the economy up to P118.5 billion and deprived Filipinos of significant employment opportunities.