5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Stock

Speaker may quit amid flood control scandal

by
September 17, 2025
in Stock
0
Speaker may quit amid flood control scandal
House Speaker Ferdinand Martin G. Romualdez — PHILIPPINE STAR/KRIZ JOHN ROSALES

By Kenneth Christiane L. Basilio

House Speaker Ferdinand Martin G. Romualdez is planning to step down, his deputy said on Wednesday, a move that could cap a leadership shakeup in Congress amid mounting backlash over bogus flood control projects.

Deputy Speaker and Antipolo Rep. Ronaldo V. Puno said Mr. Romualdez had urged party leaders in the House of Representatives to support Isabela Rep. Faustino “Bojie” Dy III as his successor and help him steer the 317-member chamber through mounting scrutiny of anomalous flood control infrastructure.

“Every time we party leaders meet, Speaker Martin often mentions that he’s seriously considering stepping down,” he told DZMM radio in Filipino. “He says the controversy has become too much, and he wants to defend the reputation of our lower chamber.”

The offices of Mr. Romualdez and Mr. Puno did not immediately reply to separate Viber messages seeking comment.

Mr. Romualdez’s resignation 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 on Monday said the House would confront issues, including allegations linking lawmakers to flood control projects, in an open and accountable manner.

The Speaker post carries significant political clout and is traditionally held by an ally of the sitting President. It holds influence over the chamber, where tax measures and the annual national budget originate, and plays a key role in steering administration priorities through the House.

Mr. Dy, 64, is a member of President Ferdinand R. Marcos, Jr.’s Partido Federal ng Pilipinas and returned to Congress after last serving as a lawmaker in the 2000s. He held a single term as vice-governor of Isabela, a northern province where his family maintains political influence.

Mr. Dy’s elevation is seen as a “continuity” move for the Marcos administration and might be aimed at shielding the President’s allies from blowback following backlash over alleged ties to shady infrastructure deals, said Arjan P. Aguirre, who teaches political science at the Ateneo de Manila University.

“The leadership change might be an attempt by the Marcos bloc to preempt any potentially untoward consequences from the ongoing probe into the flood control mess,” he said by telephone.

Reports of anomalies in multibillion-peso infrastructure contracts have ignited public outcry and sparked pockets of protests across the Philippines, a country frequently hit by severe flooding.

Previous Post

84 new businesses launched every hour in Britain during H1 2025 despite slowdown

Next Post

Cailabs secures €57m to accelerate industrial scale-up and global growth

Next Post
Cailabs secures €57m to accelerate industrial scale-up and global growth

Cailabs secures €57m to accelerate industrial scale-up and global growth

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    Tropical Depression Mirasol disrupts Northern Luzon

    Tropical Depression Mirasol disrupts Northern Luzon

    September 17, 2025
    Activa Flex by Filinvest Land: Your landmark investment in the heart of Cubao

    Activa Flex by Filinvest Land: Your landmark investment in the heart of Cubao

    September 17, 2025
    Cailabs secures €57m to accelerate industrial scale-up and global growth

    Cailabs secures €57m to accelerate industrial scale-up and global growth

    September 17, 2025
    Speaker may quit amid flood control scandal

    Speaker may quit amid flood control scandal

    September 17, 2025

    Disclaimer: 5GInvestmentNews.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.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.