Graft Charges Filed Against Zaldy Co. Over PHP289-M Mindoro Flood Project: What Filipinos Need to Know
The Office of the Ombudsman (OMB) has filed graft charges against former congressman Elizaldy Co, several officials from the Department of Public Works and Highways (DPWH), and the board of directors of Sunwest Corp. over alleged irregularities in a PHP289-million flood control project in Oriental Mindoro.
Palace Stays Upbeat on Economic Recovery as Peso Finds Stability
Despite short-term turbulence in the stock market and currency fluctuations, Malacañang remains confident that the Philippines’ economic foundations are strong.
Why Corruption Weakens the Peso
When people hear that the Philippine peso is getting weaker, the usual suspects that come to mind are oil prices, U.S. interest rates, or global market movements. While these factors play a role, one powerful force often overlooked is corruption.